Energy Transfer (ET) Return on Capital Employed (2011 - 2026)
Energy Transfer (ET) posted Return on Capital Employed of 7.59% for Q1 2026, up 1.25% on a QoQ basis from 7.5% in Q4 2025, and down 64.0% year-over-year from 21.1% in Q1 2025.
Energy Transfer (ET) Return on Capital Employed (2011 - 2026) Analysis & Trends
Energy Transfer's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 7.59% for Q1 2026.
- Quarterly Return on Capital Employed fell 64.0% year-over-year to 7.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.59% (down 64.0% YoY) and the FY2025 annual result came in at 7.63%, down 92.0% from the prior year.
- Return on Capital Employed was 7.59% for Q1 2026 at Energy Transfer, up from 7.5% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 8.49% in Q2 2024 and bottomed at 7.0% in Q1 2022.
- A 5-year average of 8.05% and a median of 8.14% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 181 bps — and 2023, when it surged 138 bps.
- Energy Transfer's Return on Capital Employed stood at 8.12% in 2022, then increased by 3 bps to 8.35% in 2023, then slipped by 2 bps to 8.14% in 2024, then dropped by 8 bps to 7.5% in 2025, then rose by 1 bps to 7.59% in 2026.
- Business Quant data shows ET's Return on Capital Employed at 7.59% in Q1 2026, 7.5% in Q4 2025, and 8.04% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 22.21% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 14.37% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 7.68% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 5.26% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 11.93% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.59% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 15.97% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.98% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 14.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.59% |
| Dec 31, 2025 | 7.50% |
| Sep 30, 2025 | 8.04% |
| Jun 30, 2025 | 8.13% |
| Mar 31, 2025 | 8.23% |
| Dec 31, 2024 | 8.14% |
| Sep 30, 2024 | 8.17% |
| Jun 30, 2024 | 8.49% |
| Mar 31, 2024 | 8.44% |
| Dec 31, 2023 | 8.35% |
| Sep 30, 2023 | 8.48% |
| Jun 30, 2023 | 8.36% |
| Mar 31, 2023 | 8.38% |
| Dec 31, 2022 | 8.12% |
| Sep 30, 2022 | 7.94% |
| Jun 30, 2022 | 7.42% |
| Mar 31, 2022 | 7.00% |
| Dec 31, 2021 | 9.72% |
| Sep 30, 2021 | 9.74% |
| Jun 30, 2021 | 8.27% |