• Energy Transfer LP average operating margin for 2023 was 9.79%, a 11.25% increase from 2022.
• Energy Transfer LP average operating margin for 2022 was 8.8%, a 38.33% increase from 2021.
• Energy Transfer LP average operating margin for 2021 was 14.27%, a 57.33% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.