Energy Transfer LP annual gross margin
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2025
Energy Transfer LP Gross Margin Growth & History (ET)
Energy Transfer LP's gross margin was 25.77% for fiscal 2025.
View full Energy Transfer LP company overviewEnergy Transfer LP annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 25.77% | +0.73 pp |
| 2024 | 2024-12-31 | 25.03% | +2.07 pp |
| 2023 | 2023-12-31 | 22.96% | +3.33 pp |
| 2022 | 2022-12-31 | 19.63% | −5.62 pp |
| 2021 | 2021-12-31 | 25.25% | −9.32 pp |
| 2020 | 2020-12-31 | 34.57% | +7.99 pp |
| 2019 | 2019-12-31 | 26.58% | +3.50 pp |
| 2018 | 2018-12-31 | 23.08% | −0.50 pp |
| 2017 | 2017-12-31 | 23.58% | −1.89 pp |
| 2016 | 2016-12-31 | 25.47% | +4.90 pp |
| 2015 | 2015-12-31 | 20.58% | +7.47 pp |
| 2014 | 2014-12-31 | 13.11% | +1.15 pp |
| 2013 | 2013-12-31 | 11.96% | −10.89 pp |
| 2012 | 2012-12-31 | 22.85% | −14.04 pp |
| 2011 | 2011-12-31 | 36.89% | −1.05 pp |
| 2010 | 2010-12-31 | 37.93% | −4.44 pp |
| 2009 | 2009-12-31 | 42.37% | — |
Energy Transfer LP quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 21.55% | −5.98 pp |
| Q1 2026 | 2026-03-31 | 23.85% | −2.08 pp |
| Q4 2025 | 2025-12-31 | 23.32% | −4.23 pp |
| Q3 2025 | 2025-09-30 | 27.02% | +2.18 pp |
| Q2 2025 | 2025-06-30 | 27.52% | +2.82 pp |
| Q1 2025 | 2025-03-31 | 25.92% | +2.66 pp |
| Q4 2024 | 2024-12-31 | 27.55% | +4.41 pp |
| Q3 2024 | 2024-09-30 | 24.84% | +2.27 pp |
| Q2 2024 | 2024-06-30 | 24.70% | +1.62 pp |
| Q1 2024 | 2024-03-31 | 23.27% | +0.18 pp |
| Q4 2023 | 2023-12-31 | 23.14% | +1.50 pp |
| Q3 2023 | 2023-09-30 | 22.57% | +3.28 pp |
| Q2 2023 | 2023-06-30 | 23.08% | +6.00 pp |
| Q1 2023 | 2023-03-31 | 23.09% | +1.84 pp |
| Q4 2022 | 2022-12-31 | 21.65% | +0.73 pp |
| Q3 2022 | 2022-09-30 | 19.28% | −1.58 pp |
| Q2 2022 | 2022-06-30 | 17.07% | −6.74 pp |
| Q1 2022 | 2022-03-31 | 21.24% | −14.34 pp |
| Q4 2021 | 2021-12-31 | 20.92% | −12.28 pp |
| Q3 2021 | 2021-09-30 | 20.86% | −15.09 pp |
| Q2 2021 | 2021-06-30 | 23.81% | −20.08 pp |
| Q1 2021 | 2021-03-31 | 35.58% | +6.89 pp |
| Q4 2020 | 2020-12-31 | 33.20% | −226.91 pp |
| Q3 2020 | 2020-09-30 | 35.95% | +9.05 pp |
| Q2 2020 | 2020-06-30 | 43.89% | +18.13 pp |
| Q1 2020 | 2020-03-31 | 28.69% | +245.76 pp |
| Q4 2019 | 2019-12-31 | 260.11% | +233.21 pp |
| Q3 2019 | 2019-09-30 | 26.91% | +3.34 pp |
| Q2 2019 | 2019-06-30 | 25.77% | +6.11 pp |
| Q1 2019 | 2019-03-31 | −217.07% | −239.27 pp |
| Q4 2018 | 2018-12-31 | 26.90% | +5.04 pp |
| Q3 2018 | 2018-09-30 | 23.57% | −2.90 pp |
| Q2 2018 | 2018-06-30 | 19.66% | −4.32 pp |
| Q1 2018 | 2018-03-31 | 22.19% | −0.07 pp |
| Q4 2017 | 2017-12-31 | 21.86% | +136.33 pp |
| Q3 2017 | 2017-09-30 | 26.47% | −33.73 pp |
| Q2 2017 | 2017-06-30 | 23.97% | −37.22 pp |
| Q1 2017 | 2017-03-31 | 22.26% | −30.41 pp |
| Q4 2016 | 2016-12-31 | −114.47% | −156.06 pp |
| Q3 2016 | 2016-09-30 | 60.20% | +46.15 pp |
| Q2 2016 | 2016-06-30 | 61.19% | +60.25 pp |
| Q1 2016 | 2016-03-31 | 52.68% | +40.52 pp |
| Q4 2015 | 2015-12-31 | 41.59% | +27.49 pp |
| Q3 2015 | 2015-09-30 | 14.05% | +0.89 pp |
| Q2 2015 | 2015-06-30 | 0.94% | −11.73 pp |
| Q1 2015 | 2015-03-31 | 12.15% | −0.37 pp |
| Q4 2014 | 2014-12-31 | 14.09% | +2.28 pp |
| Q3 2014 | 2014-09-30 | 13.16% | +1.77 pp |
| Q2 2014 | 2014-06-30 | 12.67% | +0.25 pp |
| Q1 2014 | 2014-03-31 | 12.52% | +0.25 pp |
| Q4 2013 | 2013-12-31 | 11.81% | −0.83 pp |
| Q3 2013 | 2013-09-30 | 11.39% | −30.25 pp |
| Q2 2013 | 2013-06-30 | 12.42% | −36.33 pp |
| Q1 2013 | 2013-03-31 | 12.27% | −26.95 pp |
| Q4 2012 | 2012-12-31 | 12.64% | −24.06 pp |
| Q3 2012 | 2012-09-30 | 41.63% | +6.30 pp |
| Q2 2012 | 2012-06-30 | 48.75% | +12.76 pp |
| Q1 2012 | 2012-03-31 | 39.22% | −0.38 pp |
| Q4 2011 | 2011-12-31 | 36.70% | −4.12 pp |
| Q3 2011 | 2011-09-30 | 35.34% | −1.99 pp |
| Q2 2011 | 2011-06-30 | 35.99% | −2.33 pp |
| Q1 2011 | 2011-03-31 | 39.60% | +5.03 pp |
| Q4 2010 | 2010-12-31 | 40.82% | — |
| Q3 2010 | 2010-09-30 | 37.33% | — |
| Q2 2010 | 2010-06-30 | 38.32% | — |
| Q1 2010 | 2010-03-31 | 34.57% | — |
Energy Transfer LP gross margin trends
Over the last five fiscal years, Energy Transfer LP's gross margin decreased from 34.57% to 25.77%, a change of −8.80 percentage points. The latest reported quarter, Q2 2026, shows 21.55%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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