• Energy Transfer LP average return on tangible equity for 2023 was 11.2, a 7.82% increase from 2022.
• Energy Transfer LP average return on tangible equity for 2022 was 12.15, a 26.98% decline from 2021.
• Energy Transfer LP average return on tangible equity for 2021 was 16.64, a 520.9% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.