Energy Transfer (ET) EV to EBITDA (2010 - 2026)
Energy Transfer's EV to EBITDA came in at 3.86 for Q2 2026, down 9.0% from 4.24 a year earlier and down 9.5% from the prior quarter.
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Analysis
Energy Transfer (ET) EV to EBITDA (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Energy Transfer reported EV to EBITDA of 3.51, down 15.6% year-over-year; for FY2025, it was 3.79, down 30.4% from FY2024.
- Going back by year, EV to EBITDA was 5.44 in FY2024 (+28.8%), 4.22 in FY2023 (+14.0%), 3.71 in FY2022 (+41.3%) and 2.62 in FY2021 (-40.2%).
- The five-year range for quarterly EV to EBITDA is 2.16 (Q3 2021) to 5.44 (Q4 2024).
- Year-over-year, EV to EBITDA has declined for four consecutive quarters, with growth averaging 1.4% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q1 2022 (growth of 64.6%), and the weakest in Q4 2021 (a decline of 40.2%).
- Business Quant data shows ET's EV to EBITDA at 4.26 (Q1 2026), 3.79 (Q4 2025) and 3.86 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.86 |
| Mar 31, 2026 | 4.26 |
| Dec 31, 2025 | 3.79 |
| Sep 30, 2025 | 3.86 |
| Jun 30, 2025 | 4.24 |
| Mar 31, 2025 | 4.39 |
| Dec 31, 2024 | 5.44 |
| Sep 30, 2024 | 3.94 |
| Jun 30, 2024 | 4.00 |
| Mar 31, 2024 | 3.92 |
| Dec 31, 2023 | 4.22 |
| Sep 30, 2023 | 3.61 |
| Jun 30, 2023 | 3.37 |
| Mar 31, 2023 | 3.19 |
| Dec 31, 2022 | 3.71 |
| Sep 30, 2022 | 2.92 |
| Jun 30, 2022 | 2.79 |
| Mar 31, 2022 | 3.24 |
| Dec 31, 2021 | 2.62 |
| Sep 30, 2021 | 2.16 |
API Access
Energy Transfer EV to EBITDA 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=ev-to-ebitda&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();