What is the current annual gross margin of ET?

As of today, ET annual gross margin is 12.27%

What is 1-year change in ET annual gross margin?

ET annual gross margin is down -1.60% year-over-year

What is 3-year change in ET annual gross margin?

ET annual gross margin is up +22.33% over the past 3 years

How far is ET annual gross margin from its all-time high?

ET annual gross margin is currently -49.71% below its historical high of 24.40% set on December 1, 2007

How does ET annual gross margin rank versus sector peers?

ET annual gross margin is higher than 27.87% of companies in Energy sector

When is ET next annual earnings release?

As of today, the next annual earnings release for ET has not been scheduled

What is the current quarterly gross margin of ET?

As of today, ET quarterly gross margin is 10.93%

What is ET quarterly gross margin most recent change?

ET quarterly gross margin was up +2.82% on June 30, 2026

What is 1-year change in ET quarterly gross margin?

ET quarterly gross margin is down -21.65% year-over-year

How far is ET quarterly gross margin from its all-time high?

ET quarterly gross margin is currently -56.92% below its historical high of 25.37% set on March 31, 2021

How does ET quarterly gross margin rank versus sector peers?

ET quarterly gross margin is higher than 20.43% of companies in Energy sector

When is ET next earnings release?

The next earnings release for ET is on November 4, 2026

ET Gross Margin History & Chart Since 2003

Annual Gross Margin

12.27%0.20%-1.60%

December 31, 2025

Summary

Current Value: As of today, ET annual gross margin is 12.27%, down -1.60% on December 31, 2025
Historical Performance: ET annual gross margin is up +22.33% over the past 3 years, down -26.96% over the past 5 years
All-Time High Comparison: ET annual gross margin is currently -49.71% below its historical high of 24.40% set on December 1, 2007
3-Year Low Comparison: ET annual gross margin is +22.33% above its 3-year low of 10.03% reached on an earlier date
Sector Comparison: ET annual gross margin is higher than 27.87% of companies in Energy sector

Gross Margin Chart

beforeafter

Performance

ET Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	12.27%	-1.6%	+22.3%	-27.0%	-33.3%
Quarterly Gross Margin	Jun 30, 26	10.93%	-21.6%	-3.1%	-12.6%	-36.0%
Price	Sep 4, 26	$21.50	+25.4%	+56.3%	+127.8%	+123.7%
PE Ratio	Sep 4, 26	14.73	+11.3%	+28.8%	+104.3%	-62.8%
Annual Revenue	Dec 31, 25	$85.54B	+3.5%	-4.8%	+119.6%	+1196.4%
Annual Gross Profit	Dec 31, 25	$10.49B	+1.8%	+16.4%	+60.3%	+764.4%
Annual Operating Margin	Dec 31, 25	10.89%	-1.4%	+22.4%	-27.3%	-26.6%
Annual Net Margin	Dec 31, 25	6.67%	-16.0%	+2.1%	+1752.8%	+30.3%

Gross Margin Highs

ET Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	12.47%	Dec 31, 24	-1.6%
5Y	16.80%	N/A	-27.0%
All	24.40%	Dec 1, 07	-49.7%

Gross Margin Lows

ET Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	10.03%	N/A	+22.3%
5Y	10.03%	Dec 31, 22	+22.3%
All	5.86%	Dec 31, 14	+109.4%

Gross Margin History

Year	Value	Change
2025	12.27%	-1.6%
2024	12.47%	+6.0%
2023	11.76%	+17.2%
2022	10.03%	-28.7%
2021	14.07%	-16.3%
2020	16.80%	+15.4%
2019	14.56%	+20.1%
2018	12.12%	+14.3%
2017	10.60%	-10.7%
2016	11.87%	+49.1%
2015	7.96%	+35.8%
2014	5.86%	-0.5%

Year	Value	Change
2013	5.89%	-46.1%
2012	10.92%	-39.8%
2011	18.14%	-1.4%
2010	18.40%	-10.7%
2009	20.61%	+50.0%
2008	13.74%	-43.7%
2007	24.40%	+65.2%
2006	14.77%	+52.7%
2005	9.67%	-26.6%
2004	13.18%	+30.9%
2003	10.07%	-

FAQ

What is the current annual gross margin of ET?: As of today, ET annual gross margin is 12.27%
What is 1-year change in ET annual gross margin?: ET annual gross margin is down -1.60% year-over-year
What is 3-year change in ET annual gross margin?: ET annual gross margin is up +22.33% over the past 3 years
How far is ET annual gross margin from its all-time high?: ET annual gross margin is currently -49.71% below its historical high of 24.40% set on December 1, 2007
How does ET annual gross margin rank versus sector peers?: ET annual gross margin is higher than 27.87% of companies in Energy sector
When is ET next annual earnings release?: As of today, the next annual earnings release for ET has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

10.93%0.30%+2.82%

June 30, 2026

Summary

Current Value: As of today, ET quarterly gross margin is 10.93%, up +2.82% on June 30, 2026
Historical Performance: ET quarterly gross margin is down -21.65% year-over-year, down -3.10% over the past 3 years
All-Time High Comparison: ET quarterly gross margin is currently -56.92% below its historical high of 25.37% set on March 31, 2021
3-Year Low Comparison: ET quarterly gross margin is +6.22% above its 3-year low of 10.29% reached on December 31, 2025
Sector Comparison: ET quarterly gross margin is higher than 20.43% of companies in Energy sector

Performance

ET Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 26	10.93%	+2.8%	-21.6%	-3.1%	-12.6%
Annual Gross Margin	Dec 31, 25	12.27%	–	-1.6%	+22.3%	-27.0%
Price	Sep 4, 26	$21.50	+11.2%	+25.4%	+56.3%	+127.8%
PE Ratio	Sep 4, 26	14.73	-9.3%	+11.3%	+28.8%	+104.3%
Quarterly Revenue	Jun 30, 26	$34.33B	+23.6%	+78.4%	+87.4%	+127.4%
Quarterly Gross Profit	Jun 30, 26	$0.00	-100.0%	-100.0%	-100.0%	-100.0%
Quarterly Operating Margin	Jun 30, 26	9.71%	+4.1%	-23.1%	-3.3%	-13.9%
Quarterly Net Margin	Jun 30, 26	7.37%	+3.5%	-2.8%	+9.5%	+22.6%

Quarterly Gross Margin Highs

ET Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	13.95%	N/A	-21.6%
3Y	13.95%	Jun 30, 25	-21.6%
5Y	13.95%	Jun 30, 25	-21.6%
All	25.37%	Mar 31, 21	-56.9%

Quarterly Gross Margin Lows

ET Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	10.29%	Dec 31, 25	+6.2%
3Y	10.29%	Dec 31, 25	+6.2%
5Y	8.54%	Dec 31, 21	+28.0%
All	-6.11%	Aug 31, 05	+278.9%

Quarterly Gross Margin History

Month	Value	Change
Jun 2026	10.93%	+2.8%
Mar 2026	10.63%	+3.3%
Dec 2025	10.29%	-15.5%
Sep 2025	12.18%	-12.7%
Jun 2025	13.95%	+5.8%
Mar 2025	13.18%	+8.9%
Dec 2024	12.10%	-4.8%
Sep 2024	12.71%	-0.8%
Jun 2024	12.81%	+5.6%
Mar 2024	12.13%	+8.7%
Dec 2023	11.16%	-6.1%
Sep 2023	11.88%	+5.3%
Jun 2023	11.28%	-4.6%
Mar 2023	11.82%	+24.8%
Dec 2022	9.47%	-1.8%
Sep 2022	9.64%	+0.5%
Jun 2022	9.59%	-17.3%
Mar 2022	11.60%	+35.8%
Dec 2021	8.54%	-15.9%
Sep 2021	10.15%	-18.8%
Jun 2021	12.50%	-50.7%
Mar 2021	25.37%	+60.7%
Dec 2020	15.79%	-18.7%
Sep 2020	19.43%	-11.8%
Jun 2020	22.02%	+73.8%
Mar 2020	12.67%	-0.8%
Dec 2019	12.77%	-14.6%
Sep 2019	14.95%	+1.3%
Jun 2019	14.76%	-6.4%
Mar 2019	15.77%	+18.2%
Dec 2018	13.34%	+3.9%
Sep 2018	12.84%	+14.5%
Jun 2018	11.21%	+2.6%
Mar 2018	10.93%	-4.2%
Dec 2017	11.41%	+2.5%
Sep 2017	11.13%	+8.5%
Jun 2017	10.26%	+8.6%
Mar 2017	9.45%	-2.1%
Dec 2016	9.65%	-16.2%
Sep 2016	11.51%	-14.2%
Jun 2016	13.41%	+18.0%

Month	Value	Change
Mar 2016	11.36%	+56.3%
Dec 2015	7.27%	+1.5%
Sep 2015	7.16%	-25.5%
Jun 2015	9.61%	+27.1%
Mar 2015	7.56%	+96.4%
Dec 2014	3.85%	-39.7%
Sep 2014	6.39%	-7.3%
Jun 2014	6.89%	+3.9%
Mar 2014	6.63%	+34.8%
Dec 2013	4.92%	-15.8%
Sep 2013	5.84%	-8.2%
Jun 2013	6.36%	-2.6%
Mar 2013	6.53%	+35.2%
Dec 2012	4.83%	-78.8%
Sep 2012	22.78%	+0.9%
Jun 2012	22.57%	+8.6%
Mar 2012	20.79%	+10.4%
Dec 2011	18.84%	+13.8%
Sep 2011	16.56%	-3.0%
Jun 2011	17.07%	-15.0%
Mar 2011	20.09%	+2.5%
Dec 2010	19.60%	+27.9%
Sep 2010	15.33%	-17.4%
Jun 2010	18.56%	-5.8%
Mar 2010	19.71%	-0.2%
Dec 2009	19.75%	+3.9%
Sep 2009	19.01%	-13.0%
Jun 2009	21.86%	+1.0%
Mar 2009	21.65%	+39.7%
Dec 2008	15.50%	+36.6%
Sep 2008	11.35%	-1.9%
Jun 2008	11.57%	-30.9%
Mar 2008	16.74%	-12.0%
Nov 2006	19.03%	+39.5%
Aug 2006	13.64%	-19.9%
May 2006	17.02%	+2.0%
Feb 2006	16.69%	+36.2%
Nov 2005	12.25%	+300.5%
Aug 2005	-6.11%	-157.8%
May 2005	10.57%	-33.4%
Feb 2005	15.88%	-

FAQ

What is the current quarterly gross margin of ET?: As of today, ET quarterly gross margin is 10.93%
What is ET quarterly gross margin most recent change?: ET quarterly gross margin was up +2.82% on June 30, 2026
What is 1-year change in ET quarterly gross margin?: ET quarterly gross margin is down -21.65% year-over-year
How far is ET quarterly gross margin from its all-time high?: ET quarterly gross margin is currently -56.92% below its historical high of 25.37% set on March 31, 2021
How does ET quarterly gross margin rank versus sector peers?: ET quarterly gross margin is higher than 20.43% of companies in Energy sector
When is ET next earnings release?: The next earnings release for ET is on November 4, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

ET Official Website energytransfer.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1276187/000127618726000013/0001276187-26-000013-index.htm
ET Profile on Yahoo Finance finance.yahoo.com/quote/ET
ET Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/et