Energy Transfer (ET) EBT Margin (2009 - 2026)
Energy Transfer's (ET) quarterly EBT Margin came in at 7.93% in Q2 2026, down 5.0% on a YoY basis from 8.35% in Q2 2025, and up 4.37% quarter-over-quarter from 7.6% in Q1 2026.
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Energy Transfer (ET) EBT Margin (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has reported EBT Margin for 18 consecutive years, with 7.93% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin fell 5.0% year-over-year to 7.93%; the trailing twelve-month figure through Jun 2026 stood at 8.91% (up 96.0% YoY), and the FY2025 full-year result was 7.08%, down 151.0% from the prior year.
- EBT Margin grew to 7.93% in Q2 2026 per ET's latest filing, from 7.6% in the prior quarter.
- Across five years, EBT Margin topped out at 43.56% in Q4 2025 and bottomed at 5.42% in Q3 2023.
- Historically, EBT Margin has averaged 9.58% across 5 years, with a median of 7.73% in 2023.
- The sharpest annual moves came in 2022 and 2025: EBT Margin tumbled 1465 bps in 2022, then soared 3546 bps in 2025.
- Over 5 years, EBT Margin stood at 7.23% in 2022, then increased by 9 bps to 7.86% in 2023, then advanced by 3 bps to 8.1% in 2024, then jumped by 438 bps to 43.56% in 2025, then slumped by 82 bps to 7.93% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 7.93%, 7.6%, and 43.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 26.04% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.22% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.93% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 36.72% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.63% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.88% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 10.51% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 6.86% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 30.30% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.93% |
| Mar 31, 2026 | 7.60% |
| Dec 31, 2025 | 43.56% |
| Sep 30, 2025 | 6.91% |
| Jun 30, 2025 | 7.99% |
| Mar 31, 2025 | 8.38% |
| Dec 31, 2024 | 8.10% |
| Sep 30, 2024 | 7.33% |
| Jun 30, 2024 | 10.70% |
| Mar 31, 2024 | 8.23% |
| Dec 31, 2023 | 7.86% |
| Sep 30, 2023 | 5.42% |
| Jun 30, 2023 | 7.32% |
| Mar 31, 2023 | 7.99% |
| Dec 31, 2022 | 7.23% |
| Sep 30, 2022 | 6.12% |
| Jun 30, 2022 | 6.58% |
| Mar 31, 2022 | 7.21% |
| Dec 31, 2021 | 6.33% |
| Sep 30, 2021 | 5.90% |