Energy Transfer LP (ET.PI) stock
ET.PITXSENatural Gas TransmissionFiscal year ends December 31Also trades as ET
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/3043% below fair value
$10.66−0.22 (-2.02%)
Close on Oct 19, 2026Market cap $36.71BP/E –Yield –
Energy Transfer LP gross margin
Gross margin is gross profit as a percentage of revenue.
Energy Transfer LP's gross margin for the twelve months ending Jun 30, 2026 was 23.6%. For fiscal 2025 it was 25.8%, against 25.0% the year before. The highest annual figure on record is 42.4% in fiscal 2009.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 25.8% | +0.7 |
| FY2024 | Dec 31, 2024 | 25.0% | +2.1 |
| FY2023 | Dec 31, 2023 | 23.0% | +3.3 |
| FY2022 | Dec 31, 2022 | 19.6% | −5.6 |
| FY2021 | Dec 31, 2021 | 25.2% | −9.3 |
| FY2020 | Dec 31, 2020 | 34.6% | +8.0 |
| FY2019 | Dec 31, 2019 | 26.6% | +3.5 |
| FY2018 | Dec 31, 2018 | 23.1% | −0.5 |
| FY2017 | Dec 31, 2017 | 23.6% | −1.9 |
| FY2016 | Dec 31, 2016 | 25.5% | +4.9 |
| FY2015 | Dec 31, 2015 | 20.6% | +7.5 |
| FY2014 | Dec 31, 2014 | 13.1% | +1.2 |
| FY2013 | Dec 31, 2013 | 12.0% | −10.9 |
| FY2012 | Dec 31, 2012 | 22.8% | −14.0 |
| FY2011 | Dec 31, 2011 | 36.9% | −1.0 |
| FY2010 | Dec 31, 2010 | 37.9% | −4.4 |
| FY2009 | Dec 31, 2009 | 42.4% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 21.5% | −6.0 |
| Q1 FY2026 | Mar 31, 2026 | 23.8% | −2.1 |
| Q4 FY2025 | Dec 31, 2025 | 23.3% | −4.2 |
| Q3 FY2025 | Sep 30, 2025 | 27.0% | +2.2 |
| Q2 FY2025 | Jun 30, 2025 | 27.5% | +2.8 |
| Q1 FY2025 | Mar 31, 2025 | 25.9% | +2.7 |
| Q4 FY2024 | Dec 31, 2024 | 27.6% | +4.4 |
| Q3 FY2024 | Sep 30, 2024 | 24.8% | +2.3 |
| Q2 FY2024 | Jun 30, 2024 | 24.7% | +1.6 |
| Q1 FY2024 | Mar 31, 2024 | 23.3% | +0.2 |
| Q4 FY2023 | Dec 31, 2023 | 23.1% | +1.5 |
| Q3 FY2023 | Sep 30, 2023 | 22.6% | +3.3 |
| Q2 FY2023 | Jun 30, 2023 | 23.1% | +6.0 |
| Q1 FY2023 | Mar 31, 2023 | 23.1% | +1.8 |
| Q4 FY2022 | Dec 31, 2022 | 21.6% | +0.7 |
| Q3 FY2022 | Sep 30, 2022 | 19.3% | −1.6 |
| Q2 FY2022 | Jun 30, 2022 | 17.1% | −6.7 |
| Q1 FY2022 | Mar 31, 2022 | 21.2% | −14.3 |
| Q4 FY2021 | Dec 31, 2021 | 20.9% | −12.3 |
| Q3 FY2021 | Sep 30, 2021 | 20.9% | −15.1 |
| Q2 FY2021 | Jun 30, 2021 | 23.8% | −20.1 |
| Q1 FY2021 | Mar 31, 2021 | 35.6% | +6.9 |
| Q4 FY2020 | Dec 31, 2020 | 33.2% | +7.2 |
| Q3 FY2020 | Sep 30, 2020 | 36.0% | +9.0 |
| Q2 FY2020 | Jun 30, 2020 | 43.9% | +18.1 |
| Q1 FY2020 | Mar 31, 2020 | 28.7% | +245.8 |
| Q4 FY2019 | Dec 31, 2019 | 26.0% | −0.9 |
| Q3 FY2019 | Sep 30, 2019 | 26.9% | +3.3 |
| Q2 FY2019 | Jun 30, 2019 | 25.8% | +6.1 |
| Q1 FY2019 | Mar 31, 2019 | -217.1% | −239.3 |
| Q4 FY2018 | Dec 31, 2018 | 26.9% | +5.0 |
| Q3 FY2018 | Sep 30, 2018 | 23.6% | −2.9 |
| Q2 FY2018 | Jun 30, 2018 | 19.7% | −4.3 |
| Q1 FY2018 | Mar 31, 2018 | 22.2% | −0.1 |
| Q4 FY2017 | Dec 31, 2017 | 21.9% | −17.3 |
| Q3 FY2017 | Sep 30, 2017 | 26.5% | −33.7 |
| Q2 FY2017 | Jun 30, 2017 | 24.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 22.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 39.1% | – |
| Q3 FY2016 | Sep 30, 2016 | 60.2% | – |