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 (ET) has reported Return on Capital Employed for 16 consecutive years, with 7.59% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 7.59%, down 64.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.59% (down 64.0% YoY), and the FY2025 annual result was 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.
  • Over five years, Return on Capital Employed peaked at 8.49% in Q2 2024 and troughed 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 soared 138 bps.
  • Year by year, 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.
  • Per Business Quant, the three latest ET Return on Capital Employed figures stand at 7.59% (Q1 2026), 7.5% (Q4 2025), and 8.04% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 5.26%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 7.42%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 11.93%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 7.59%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 3.63%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 14.56%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 9.98%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 22.68%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 10.22%
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 6.09%

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%