Energy Transfer (ET) Return on Capital Employed [ROCE] (2009 - 2026)
Energy Transfer's Return on Capital Employed [ROCE] came in at 8.92% for Q3 2026, up 0.88 percentage points from 8.04% a year earlier and up 0.50 percentage points from the prior quarter.
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Analysis
Energy Transfer (ET) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Energy Transfer's Return on Capital Employed [ROCE] was 7.63%, down 0.92 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +4.36 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 8.55% in FY2024 (+0.12 pp), 8.43% in FY2023 (+0.32 pp), 8.11% in FY2022 (-1.69 pp) and 9.80% in FY2021 (+6.53 pp).
- The Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2021.
- Year-over-year, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -0.13 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 6.38 percentage points), and the weakest in Q3 2022 (a drop of 1.81 percentage points).
- Business Quant data shows ET's Return on Capital Employed [ROCE] at 8.43% (Q2 2026), 7.59% (Q1 2026) and 7.50% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 5.39% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 7.90% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 12.76% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 7.64% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 8.92% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 16.29% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 15.11% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 13.41% |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 9.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.92% |
| 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% |
API Access
Energy Transfer Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();