Energy Transfer (ET) Debt Ratio (2009 - 2026)
Energy Transfer's Debt Ratio was 0.46 in Q2 2026, down 5.0% from 0.49 a year earlier and down 1.8% from the prior quarter.
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Analysis
Energy Transfer (ET) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Energy Transfer came in at 0.48, up 1.5% from FY2024.
- Debt Ratio has now increased for three consecutive years.
- In earlier years, Debt Ratio was 0.48 in FY2024 (+3.4%), 0.46 in FY2023 (+0.9%), 0.46 in FY2022 (-2.6%) and 0.47 in FY2021 (-13.2%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q4 2023.
- Compared with a year earlier, Debt Ratio was higher in six of the last eight quarters, with growth averaging 1.6%.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2024 (growth of 6.5%); the worst was Q4 2021 (a decline of 13.2%).
- Per Business Quant data, ET's Debt Ratio in the three quarters before Q2 2026 was 0.47 (Q1 2026), 0.48 (Q4 2025) and 0.49 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.82 Bn | 99.42 Bn | 4.84 Bn | 0.48 |
| 2 | Williams Companies | 82.27 Bn | 79.29 Bn | 2.59 Bn | 0.09 |
| 3 | Enterprise Products Partners | 79.55 Bn | 77.91 Bn | - | 0.40 |
| 4 | Kinder Morgan | 68.17 Bn | 67.03 Bn | 2.97 Bn | 0.44 |
| 5 | Energy Transfer | 65.82 Bn | 61.66 Bn | 6.57 Bn | 0.46 |
| 6 | Tc Energy | 65.66 Bn | 62.42 Bn | - | - |
| 7 | Cheniere Energy | 59.41 Bn | 53.55 Bn | 2.97 Bn | 0.49 |
| 8 | Targa Resources | 58.56 Bn | 58.02 Bn | 2.02 Bn | 0.67 |
| 9 | Mplx | 57.63 Bn | 51.65 Bn | 3.19 Bn | 0.61 |
| 10 | Oneok | 54.26 Bn | 53.66 Bn | 2.84 Bn | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.46 |
| Jun 30, 2026 | 0.46 |
| Mar 31, 2026 | 0.47 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.49 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.47 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | 0.47 |
| Mar 31, 2024 | 0.46 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | 0.45 |
| Dec 31, 2022 | 0.46 |
| Sep 30, 2022 | 0.45 |
| Jun 30, 2022 | 0.44 |
| Mar 31, 2022 | 0.45 |
| Dec 31, 2021 | 0.47 |
API Access
Energy Transfer Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();