Energy Transfer (ET) Interest Expenses (2009 - 2026)
Energy Transfer (ET) reported Interest Expenses of $934 million for Q2 2026, up 8.0% from $865 million a year earlier but down 1.4% from the prior quarter.
Energy Transfer (ET) Interest Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Energy Transfer's Interest Expenses came in at $3.68 billion, up 11.2% year-over-year; for FY2025, it came in at $3.47 billion, up 11.2% from FY2024.
- Interest Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- By year, Interest Expenses came in at $3.13 billion in FY2024 (+21.2%), $2.58 billion in FY2023 (+11.8%), $2.31 billion in FY2022 (+1.7%) and $2.27 billion in FY2021 (-2.6%).
- Five-year quarterly Interest Expenses spans a low of $554 million in Q4 2021 and a high of $947 million in Q1 2026.
- Year over year, Interest Expenses has now increased in each of the last 17 quarters, with growth averaging 14.8% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q3 2024 (growth of 31.0%); the low point was Q1 2022 (a decline of 5.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $947 million (Q1 2026), $910 million (Q4 2025) and $890 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 1.01 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 384.00 Mn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 934.00 Mn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | - |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 620.99 Mn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | - |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 289.00 Mn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 287.00 Mn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 434.00 Mn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 489.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 934.00 Mn |
| Mar 31, 2026 | 947.00 Mn |
| Dec 31, 2025 | 910.00 Mn |
| Sep 30, 2025 | 890.00 Mn |
| Jun 30, 2025 | 865.00 Mn |
| Mar 31, 2025 | 809.00 Mn |
| Dec 31, 2024 | 807.00 Mn |
| Sep 30, 2024 | 828.00 Mn |
| Jun 30, 2024 | 762.00 Mn |
| Mar 31, 2024 | 728.00 Mn |
| Dec 31, 2023 | 686.00 Mn |
| Sep 30, 2023 | 632.00 Mn |
| Jun 30, 2023 | 641.00 Mn |
| Mar 31, 2023 | 619.00 Mn |
| Dec 31, 2022 | 592.00 Mn |
| Sep 30, 2022 | 577.00 Mn |
| Jun 30, 2022 | 578.00 Mn |
| Mar 31, 2022 | 559.00 Mn |
| Dec 31, 2021 | 554.00 Mn |
| Sep 30, 2021 | 558.00 Mn |
Energy Transfer Interest Expenses 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=interest-expenses&ticker=ET&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();