Energy Transfer (ET-PI) Debt to Equity (2009 - 2026)
Energy Transfer (ET-PI) reported Debt to Equity of $2.01 for Q1 2026, up 55.31% on a YoY basis from $1.3 in Q1 2025, and up 44.3% quarter-over-quarter from $1.39 in Q4 2025.
Energy Transfer (ET-PI) Debt to Equity (2009 - 2026) Analysis & Trends
Energy Transfer has reported Debt to Equity for 18 years, with the latest figure at $2.01 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 55.31% year-over-year to $2.01; the trailing twelve-month figure through Mar 2026 stood at $2.01 (up 55.31% YoY), and the FY2025 full-year result was $1.39, up 7.36% from the prior year.
- Debt to Equity for Q1 2026 stood at $2.01, up from $1.39 in the prior quarter.
- The five-year high for Debt to Equity was $2.01 in Q1 2026, with the low at $1.09 in Q2 2023.
- Historically, Debt to Equity has averaged $1.29 across 5 years, with a median of $1.21 in 2022.
- Annual changes were most pronounced in 2022 — Debt to Equity sank 84.36% — and 2026, when it surged 55.31%.
- Energy Transfer's Debt to Equity stood at $1.19 in 2022, then grew by 0.45% to $1.19 in 2023, then gained by 8.92% to $1.3 in 2024, then rose by 7.36% to $1.39 in 2025, then jumped by 44.3% to $2.01 in 2026.
- The last three Debt to Equity figures came in at $2.01 (Q1 2026), $1.39 (Q4 2025), and $1.39 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 1.66 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.12 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 1.02 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 2.01 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.79 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 5.85 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 1.43 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 1.71 |
| 10 | Energy Transfer | - | - | 6.62 Bn | 2.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.01 |
| Dec 31, 2025 | 1.39 |
| Sep 30, 2025 | 1.39 |
| Jun 30, 2025 | 1.33 |
| Mar 31, 2025 | 1.30 |
| Dec 31, 2024 | 1.30 |
| Sep 30, 2024 | 1.28 |
| Jun 30, 2024 | 1.26 |
| Mar 31, 2024 | 1.19 |
| Dec 31, 2023 | 1.19 |
| Sep 30, 2023 | 1.19 |
| Jun 30, 2023 | 1.09 |
| Mar 31, 2023 | 1.16 |
| Dec 31, 2022 | 1.19 |
| Sep 30, 2022 | 1.17 |
| Jun 30, 2022 | 1.18 |
| Mar 31, 2022 | 1.21 |
| Dec 31, 2021 | 1.26 |
| Sep 30, 2021 | 7.48 |
| Jun 30, 2021 | 1.29 |