ET (Energy Transfer LP) OCF Margin %: 12.16% (As of Mar. 2026) — Near Median


ET Energy Transfer LP ET
84 GF Score
Price $18.94
GF Value $19.05
Valuation Fairly Valued
! 10 Warning Signs
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What is Energy Transfer LP OCF Margin %?

Energy Transfer LP ET -1.46% 84 OCF Margin % is 12.16% as of Mar. 2026, which is 7% below its 10-year median of 13.02. 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 905 Oil & Gas companies, Energy Transfer LP ranks worse than 55.14% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Energy Transfer LP's Cash Flow from Operations for the three months ended in Mar. 2026 was $3,378 Mil. Energy Transfer LP's Revenue for the three months ended in Mar. 2026 was $27,771 Mil. Therefore, Energy Transfer LP's OCF Margin % for the quarter that ended in Mar. 2026 was 12.16%.

As of today, Energy Transfer LP's current OCF Yield % is 16.28%.

The historical rank and industry rank for Energy Transfer LP's OCF Margin % or its related term are showing as below:

ET' s OCF Margin % Range Over the Past 10 Years
Min: 10.07   Med: 13.02   Max: 18.9
Current: 11.5


During the past 13 years, the highest OCF Margin % of Energy Transfer LP was 18.90%. The lowest was 10.07%. And the median was 13.02%.

ET's OCF Margin % is ranked worse than
55.14% of 905 companies
in the Oil & Gas industry
Industry Median: 13.96 vs ET: 11.50


Energy Transfer LP OCF Margin % Related Terms


Energy Transfer LP OCF Margin % Historical Data

* Premium members only.

The historical data trend for Energy Transfer LP's OCF 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.

Energy Transfer LP OCF Margin % Chart

Energy Transfer LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.56 10.07 12.16 13.92 11.87

Energy Transfer LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.88 14.35 12.89 7.50 12.16

ET vs KMI, MPLX, TRGP: OCF Margin % Comparison

For the Oil & Gas Midstream subindustry, Energy Transfer LP's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer LP's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Energy Transfer LP's OCF Margin % falls into.


ET
84GF Score
Energy Transfer LP ET
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Energy Transfer LP OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Energy Transfer LP's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=10149/85536
=11.87 %

Energy Transfer LP's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3378/27771
=12.16 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 12.16% mean?
Energy Transfer LP (ET) has a OCF Margin % of 12.16% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Energy Transfer LP and its competitors. This is near median its historical median of 13.02. Over the past decade, Energy Transfer LP's OCF Margin % has ranged from 10.07 to 18.90. According to the industry distribution chart, Energy Transfer LP ranks #499 out of 905 companies in the Oil & Gas industry, placing it in the top 55.1%.
Is Energy Transfer LP's OCF Margin % too high?
Energy Transfer LP's current OCF Margin % of 12.16% is near median its 10-year median of 13.02. Over the past 10 years, this metric has ranged from a low of 10.07 to a high of 18.90. The Oil & Gas industry median OCF Margin % is 13.96. Energy Transfer LP's value of 12.16% is 12.9% below this industry median. Based on the distribution chart, Energy Transfer LP ranks #499 out of 905 companies in the Oil & Gas industry, which is below 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 OCF Margin % compare to KMI and MPLX?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #499 out of 905 companies for OCF Margin %. This places Energy Transfer LP in the lower half of its industry. The industry median OCF Margin % is 13.96. Energy Transfer LP's value of 12.16% is 12.9% below this benchmark. Historically, Energy Transfer LP's own OCF Margin % has ranged from 10.07 to 18.90 over the past decade. While the company's 10-year median is 13.02 vs. the industry median of 13.96, Energy Transfer LP has consistently been below 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 OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.96, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current OCF Margin % of 12.16% is 12.9% below 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current OCF Margin % is 12.16%, which is near median its own 10-year median of 13.02. 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 OCF Margin % is 12.16%, which is near median its 10-year median of 13.02 and 12.9% below the Oil & Gas industry median of 13.96. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Energy Transfer LP (ET), the current OCF Margin % is 12.16% 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:

  • OCF Margin %: 12.16% (near median its 10-year median of 13.02)
  • GF Value™: $19.05 vs. price of $18.94 (0.6% below fair value)
  • GF Score™: 84/100 with 10 warning signs
  • Industry Position: 12.9% below the Oil & Gas median (#499 of 905)

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 LP Business Description

Industry EnergyOil & Gas
Address 8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
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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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.94
Price
$19.05
GF Value