Energy Transfer (ET) Return on Capital Employed (2011 - 2026)
Energy Transfer's (ET) quarterly Return on Capital Employed came in at 7.59% in Q1 2026, down 64.0% YoY from 21.1% in Q1 2025, and up 1.25% on a QoQ basis from 7.5% in Q4 2025.
Energy Transfer (ET) Return on Capital Employed (2011 - 2026) Analysis & Trends
Energy Transfer (ET) has 16 years of Return on Capital Employed data on file, last reported at 7.59% in 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 improved to 7.59% in Q1 2026, from 7.5% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 8.49% in Q2 2024 to a low of 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 sank 181 bps — and 2023, when it surged 138 bps.
- Tracing ET's Return on Capital Employed over 5 years: stood at 8.12% in 2022, then climbed by 3 bps to 8.35% in 2023, then retreated by 2 bps to 8.14% in 2024, then decreased by 8 bps to 7.5% in 2025, then grew by 1 bps to 7.59% in 2026.
- The last three Return on Capital Employed figures came in at 7.59% (Q1 2026), 7.5% (Q4 2025), and 8.04% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 9.99% |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 14.79% |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 15.05% |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | 11.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.43% |
| 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% |