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

Energy Transfer (ET) 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) 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 Cheniere Energy 50.33 Bn 52.53 Bn 5.86 Bn 6.32

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