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Friday 6 November 2026
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Energy Transfer LP
Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024.
- Revenue
- +85.9%
- EPS
- +17.9%
- Free cash flow
- +215.5%
- Total debt
- +9.11%
Quarter to September 2026, against a year earlier
19.21
0.25
−1.28%
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Energy Transfer LP (ET) Gross margin
Energy Transfer LP's gross margin over the twelve months to 30 September 2026 was 21.3%, down 4.5 percentage points from fiscal 2025 (25.8%). Over the past ten years it has ranged from 19.6% (fiscal 2022) to 34.6% (fiscal 2020); the current reading is higher than 82% of that period. That is below the Oil & Gas Midstream industry median of 54.9% and below the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 25.8% | 0.74 |
| FY2024 | 25.0% | 2.07 |
| FY2023 | 23.0% | 3.33 |
| FY2022 | 19.6% | (5.62) |
| FY2021 | 25.3% | (9.32) |
| FY2020 | 34.6% | 7.99 |
| FY2019 | 26.6% | 3.50 |
| FY2018 | 23.1% | (0.50) |
| FY2017 | 23.6% | (1.89) |
| FY2016 | 25.5% | 4.89 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 17.7% | (3.84) |
| Jun 2026 | 21.6% | (2.30) |
| Mar 2026 | 23.9% | 0.53 |
| Dec 2025 | 23.3% | (3.70) |
| 43 more quarters | Free account |
Against its own ten years
Low 19.6%
High 34.6%
Ten-year median
25.0%
Current reading's percentile
12
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.1% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.4% |
| MPLX MPLX LP compare | 57.6% |
| TRGP Targa Resources, Inc. compare | 41.8% |
| LNG Cheniere Energy, Inc. compare | 36.4% |
| OKE ONEOK, Inc. compare | 25.2% |
| ET Energy Transfer LP | 21.3% |
| EPD Enterprise Products Partners L.P. compare | 12.5% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on ET
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement