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Energy Transfer ET Gross margin

Gross margin at other companies

OGE Energy logo
OGE EnergyOGE
62%+0.4pp
Oneok logo
OneokOKE
29.6%-6.0pp
TRG
Targa ResourcesTRGP
41.8%+7.3pp
NGL Energy Partners logo
NGL Energy PartnersNGL
30.9%+3.1pp
Kinder Morgan logo
Kinder MorganKMI
66.6%-2.4pp
Kinetik Holdings logo
Kinetik HoldingsKNTK
56.6%+0.2pp

Other financials

Income statement

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Revenue$34.3B+78.4%
Gross profit$7.4B+39.7%
Operating income$3.6B+54.8%
Net income$2.1B+79.5%
EPS (diluted)$0.59+84.4%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$70.0B+13.7%
Total assets$148.17B+18.5%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$70.06B+14.8%
P/E13.3×+0.4×
P/S0.7×-0.1×

Profitability

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Operating margin10%-1.4pp
Net margin4.9%-1.0pp
FCF margin4.2%-3.2pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Calculated from Energy Transfer’s reported figures.

Based on trailing twelve months.

The source filing: Energy Transfer’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 7:43 AM EDT
Accession
0001276187-26-000033

FAQ

What is Energy Transfer's gross margin?
Energy Transfer (ET) reported gross margin of 23.6% in Q2 2026.
How has Energy Transfer's gross margin changed year-over-year?
Energy Transfer's gross margin decreased by 10.8% year-over-year, from 26.4% to 23.6%.
What is the long-term trend for Energy Transfer's gross margin?
Over 5 years (2020 to 2025), Energy Transfer's gross margin has grown at a -5.7% compound annual growth rate (CAGR), from 34.6% to 25.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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