Energy Transfer (ET-PI) Debt to Equity (2009 - 2026)

Energy Transfer (ET-PI) posted Debt to Equity of $2.01 for Q1 2026, up 44.3% on a QoQ basis from $1.39 in Q4 2025, and up 55.31% year-over-year from $1.3 in Q1 2025.

Energy Transfer (ET-PI) Debt to Equity (2009 - 2026) Analysis & Trends

Energy Transfer (ET-PI) has reported Debt to Equity for 18 consecutive years, with $2.01 the latest figure, recorded in Q1 2026.

  • Debt to Equity for Q1 2026 came in at $2.01, up 55.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.01 (up 55.31% YoY), and the FY2025 annual result was $1.39, up 7.36% from the prior year.
  • Debt to Equity was $2.01 for Q1 2026 at Energy Transfer, up from $1.39 in the prior quarter.
  • Over five years, Debt to Equity peaked at $2.01 in Q1 2026 and troughed at $1.09 in Q2 2023.
  • A 5-year average of $1.29 and a median of $1.21 in 2022 frame the typical range for Debt to Equity.
  • Annual changes were most pronounced in 2022 — Debt to Equity plunged 84.36% — and 2026, when it soared 55.31%.
  • Year by year, Debt to Equity stood at $1.19 in 2022, then rose by 0.45% to $1.19 in 2023, then climbed by 8.92% to $1.3 in 2024, then advanced by 7.36% to $1.39 in 2025, then soared by 44.3% to $2.01 in 2026.
  • Per Business Quant, the three latest ET-PI Debt to Equity figures stand at $2.01 (Q1 2026), $1.39 (Q4 2025), and $1.39 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 1.66
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.02
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.12
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.01
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 5.85
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.79
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 182.28
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.41
10 Energy Transfer - - 6.62 Bn 2.01

Historic Data

Download Data
DateValue
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