Energy Transfer LPET -1.46%84 Net Margin % is 4.52% as of Mar. 2026, which is 11% below its 10-year median of 5.10. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $19.05 (Fairly Valued). The stock has 10 warning signs investors should review. Among 916 Oil & Gas companies, Energy Transfer LP ranks better than 54.37% on this metric.
The historical rank and industry rank for Energy Transfer LP's Net Margin % or its related term are showing as below:
ET'
s Net Margin % Range Over the Past 10 Years
Min: -1.66 Med: 5.1 Max: 8.11
Current: 4.73
ET's Net Margin % is ranked better than 54.37% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs ET: 4.73
Energy Transfer LP (NYSE:ET) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Energy Transfer LP Net Margin % Related Terms
Energy Transfer LP Net Margin % Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Energy Transfer LP's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Energy Transfer LP Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's Net Margin % distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Energy Transfer LP (ET) has a Net Margin % of 4.52% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Energy Transfer LP and its competitors. This is 11% below median its historical median of 5.10. According to the industry distribution chart, Energy Transfer LP ranks #418 out of 916 companies in the Oil & Gas industry, placing it in the top 45.6%.
Is Energy Transfer LP's Net Margin % too high?
Energy Transfer LP's current Net Margin % of 4.52% is 11% below median its 10-year median of 5.10. The Oil & Gas industry median Net Margin % is 3.44. Energy Transfer LP's value of 4.52% is 31.6% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #418 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's Net Margin % compare to KMI and MPLX?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #418 out of 916 companies for Net Margin %. This puts Energy Transfer LP in the upper half of its industry. The industry median Net Margin % is 3.44. Energy Transfer LP's value of 4.52% is 31.6% above this benchmark. While the company's 10-year median is 5.10 vs. the industry median of 3.44, Energy Transfer LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current Net Margin % of 4.52% is 31.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current Net Margin % is 4.52%, which is 11% below median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Transfer LP stock overvalued right now?
Based on GuruFocus' analysis, Energy Transfer LP (ET) is currently considered Fairly Valued. The stock's GF Value™ is $19.05, compared to a current price of $18.94 — trading 0.6% below its estimated fair value. The current Net Margin % is 4.52%, which is 11% below median its 10-year median of 5.10 and 31.6% above the Oil & Gas industry median of 3.44. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Net Margin % is 4.52% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Energy Transfer LP (ET) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Transfer LP stock appears to be undervalued.
The current stock price of $18.94 is trading 0.6% below its estimated GF Value™ of $19.05.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
Net Margin %: 4.52% (11% below median its 10-year median of 5.10)
GF Value™: $19.05 vs. price of $18.94 (0.6% below fair value)
Industry Position: 31.6% above the Oil & Gas median (#418 of 916)
No single metric tells the full story. See the ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.
84GF Score
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