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Energy Transfer ET Operating margin

Operating margin at other companies

Williams Companies logo
Williams CompaniesWMB
34.3%-0.2pp
OGE Energy logo
OGE EnergyOGE
24.2%-1.1pp
Oneok logo
OneokOKE
16.9%-3.7pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
13.4%+0.1pp
TRG
Targa ResourcesTRGP
21.9%+6.1pp
NGL Energy Partners logo
NGL Energy PartnersNGL
12%

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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Gross margin23.6%-2.8pp
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 operating margin?
Energy Transfer (ET) reported operating margin of 10% in Q2 2026.
How has Energy Transfer's operating margin changed year-over-year?
Energy Transfer's operating margin decreased by 12.6% year-over-year, from 11.5% to 10%.
What is the long-term trend for Energy Transfer's operating margin?
Over 5 years (2020 to 2025), Energy Transfer's operating margin has grown at a 6.6% compound annual growth rate (CAGR), from 7.7% to 10.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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