Energy Transfer LPET -1.46%84 ROA % is 3.47% as of Mar. 2026, which is 0% above its 10-year median of 3.46. 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 1,025 Oil & Gas companies, Energy Transfer LP ranks better than 58.44% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Energy Transfer LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $5,016 Mil.
Energy Transfer LP's average Total Assets over the quarter that ended in Mar. 2026 was $144,384 Mil. Therefore, Energy Transfer LP's annualized ROA % for the quarter that ended in Mar. 2026 was 3.47%.
The historical rank and industry rank for Energy Transfer LP's ROA % or its related term are showing as below:
ET'
s ROA % Range Over the Past 10 Years
Min: -0.67 Med: 3.46 Max: 5.44
Current: 3.26
During the past 13 years, Energy Transfer LP's highest ROA % was 5.44%. The lowest was -0.67%. And the median was 3.46%.
ET's ROA % is ranked better than 58.44% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs ET: 3.26
Energy Transfer LP (NYSE:ET) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Energy Transfer LP ROA % Related Terms
Energy Transfer LP ROA % Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's ROA % distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Energy Transfer LP (ET) has a ROA % of 3.47% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Energy Transfer LP and its competitors. This is near median its historical median of 3.46. According to the industry distribution chart, Energy Transfer LP ranks #426 out of 1025 companies in the Oil & Gas industry, placing it in the top 41.6%.
Is Energy Transfer LP's ROA % too high?
Energy Transfer LP's current ROA % of 3.47% is near median its 10-year median of 3.46. The Oil & Gas industry median ROA % is 1.89. Energy Transfer LP's value of 3.47% is 83.6% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #426 out of 1025 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 ROA % compare to KMI and MPLX?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #426 out of 1025 companies for ROA %. This puts Energy Transfer LP in the upper half of its industry. The industry median ROA % is 1.89. Energy Transfer LP's value of 3.47% is 83.6% above this benchmark. While the company's 10-year median is 3.46 vs. the industry median of 1.89, 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current ROA % of 3.47% is 83.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current ROA % is 3.47%, which is near median its own 10-year median of 3.46. 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 ROA % is 3.47%, which is near median its 10-year median of 3.46 and 83.6% above the Oil & Gas industry median of 1.89. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Energy Transfer LP (ET), the current ROA % is 3.47% 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:
ROA %: 3.47% (near median its 10-year median of 3.46)
GF Value™: $19.05 vs. price of $18.94 (0.6% below fair value)
Industry Position: 83.6% above the Oil & Gas median (#426 of 1025)
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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