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
DateValue
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%