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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) Operating margin
Energy Transfer LP's operating margin over the twelve months to 30 September 2026 was 9.17%, down 1.4 percentage points from fiscal 2025 (10.6%). Over the past ten years it has ranged from 5.82% (fiscal 2016) to 13.3% (fiscal 2019); the current reading is higher than 64% of that period. That is below the Oil & Gas Midstream industry median of 34.7% and below the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 10.6% | (0.50) |
| FY2024 | 11.1% | 0.49 |
| FY2023 | 10.6% | 1.95 |
| FY2022 | 8.61% | (4.43) |
| FY2021 | 13.0% | 5.39 |
| FY2020 | 7.65% | (5.64) |
| FY2019 | 13.3% | 3.30 |
| FY2018 | 9.99% | 3.28 |
| FY2017 | 6.71% | 0.89 |
| FY2016 | 5.82% | (0.52) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 7.50% | (2.91) |
| Jun 2026 | 10.4% | (0.33) |
| Mar 2026 | 10.7% | 2.54 |
| Dec 2025 | 8.20% | (2.58) |
| 43 more quarters | Free account |
Against its own ten years
Low 5.82%
High 13.3%
Ten-year median
9.99%
Current reading's percentile
42
Operating margin against peers
| Company | Operating margin |
|---|---|
| TRP TC Energy Corporation compare | 53.9% |
| MPLX MPLX LP compare | 42.0% |
| WMB Williams Companies, Inc. (The) compare | 37.5% |
| KMI Kinder Morgan, Inc. compare | 29.0% |
| LNG Cheniere Energy, Inc. compare | 28.1% |
| TRGP Targa Resources, Inc. compare | 22.5% |
| OKE ONEOK, Inc. compare | 14.2% |
| EPD Enterprise Products Partners L.P. compare | 12.7% |
| ET Energy Transfer LP | 9.17% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on ET
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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