Energy Transfer LPET -1.46%84 ROE % is 14.58% as of Mar. 2026, which is 3% above its 10-year median of 14.10. 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 957 Oil & Gas companies, Energy Transfer LP ranks better than 70.74% on this metric.
The historical rank and industry rank for Energy Transfer LP's ROE % or its related term are showing as below:
ET'
s ROE % Range Over the Past 10 Years
Min: -3.2 Med: 14.1 Max: 21.96
Current: 12.57
During the past 13 years, Energy Transfer LP's highest ROE % was 21.96%. The lowest was -3.20%. And the median was 14.10%.
ET's ROE % is ranked better than 70.74% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs ET: 12.57
Energy Transfer LP (NYSE:ET) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Energy Transfer LP ROE % Related Terms
Energy Transfer LP ROE % Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's ROE % distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Energy Transfer LP (ET) has a ROE % of 14.58% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Energy Transfer LP and its competitors. This is near median its historical median of 14.10. According to the industry distribution chart, Energy Transfer LP ranks #280 out of 957 companies in the Oil & Gas industry, placing it in the top 29.3%.
Is Energy Transfer LP's ROE % too high?
Energy Transfer LP's current ROE % of 14.58% is near median its 10-year median of 14.10. The Oil & Gas industry median ROE % is 5.74. Energy Transfer LP's value of 14.58% is 154% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #280 out of 957 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 ROE % compare to KMI and MPLX?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #280 out of 957 companies for ROE %. This puts Energy Transfer LP in the upper half of its industry. The industry median ROE % is 5.74. Energy Transfer LP's value of 14.58% is 154% above this benchmark. While the company's 10-year median is 14.10 vs. the industry median of 5.74, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.74, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current ROE % of 14.58% is 154% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current ROE % is 14.58%, which is near median its own 10-year median of 14.10. 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 ROE % is 14.58%, which is near median its 10-year median of 14.10 and 154% above the Oil & Gas industry median of 5.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Energy Transfer LP (ET), the current ROE % is 14.58% 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:
ROE %: 14.58% (near median its 10-year median of 14.10)
GF Value™: $19.05 vs. price of $18.94 (0.6% below fair value)
Industry Position: 154% above the Oil & Gas median (#280 of 957)
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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