Energy Transfer LP annual debt-to-equity ratio
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2025
Energy Transfer LP Debt-to-Equity Ratio Growth & History (ET)
Energy Transfer LP's debt-to-equity ratio was 1.43 for fiscal 2025.
View full Energy Transfer LP company overviewEnergy Transfer LP annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.43 | 0.12 | +8.74% |
| 2024 | 2024-12-31 | 1.32 | 0.11 | +8.69% |
| 2023 | 2023-12-31 | 1.21 | 0.00 | +0.32% |
| 2022 | 2022-12-31 | 1.21 | −0.08 | −6.00% |
| 2021 | 2021-12-31 | 1.29 | −0.38 | −22.93% |
| 2020 | 2020-12-31 | 1.67 | 0.13 | +8.72% |
| 2019 | 2019-12-31 | 1.53 | 0.02 | +1.15% |
| 2018 | 2018-12-31 | 1.52 | 0.05 | +3.23% |
| 2017 | 2017-12-31 | 1.47 | −0.49 | −24.99% |
| 2016 | 2016-12-31 | 1.96 | 0.38 | +24.32% |
| 2015 | 2015-12-31 | 1.57 | 0.21 | +15.21% |
| 2014 | 2014-12-31 | 1.37 | −0.06 | −4.08% |
| 2013 | 2013-12-31 | 1.43 | 0.08 | +5.66% |
| 2012 | 2012-12-31 | 1.35 | −0.19 | −12.36% |
| 2011 | 2011-12-31 | 1.54 | 0.04 | +2.49% |
| 2010 | 2010-12-31 | 1.50 | −0.92 | −37.94% |
| 2009 | 2009-12-31 | 2.42 | — | — |
Energy Transfer LP quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | 1.43 | 0.12 | +8.89% |
| Q4 2025 | 2025-12-31 | 1.43 | 0.12 | +8.74% |
| Q3 2025 | 2025-09-30 | 1.41 | 0.11 | +8.47% |
| Q2 2025 | 2025-06-30 | 1.35 | 0.07 | +5.24% |
| Q1 2025 | 2025-03-31 | 1.31 | 0.07 | +6.03% |
| Q4 2024 | 2024-12-31 | 1.32 | 0.11 | +8.69% |
| Q3 2024 | 2024-09-30 | 1.30 | 0.10 | +7.88% |
| Q2 2024 | 2024-06-30 | 1.29 | 0.09 | +7.51% |
| Q1 2024 | 2024-03-31 | 1.24 | 0.06 | +4.77% |
| Q4 2023 | 2023-12-31 | 1.21 | 0.00 | +0.32% |
| Q3 2023 | 2023-09-30 | 1.21 | 0.02 | +1.36% |
| Q2 2023 | 2023-06-30 | 1.20 | −0.01 | −0.46% |
| Q1 2023 | 2023-03-31 | 1.18 | −0.07 | −5.29% |
| Q4 2022 | 2022-12-31 | 1.21 | −0.08 | −6.00% |
| Q3 2022 | 2022-09-30 | 1.19 | −0.12 | −9.22% |
| Q2 2022 | 2022-06-30 | 1.20 | −0.14 | −10.16% |
| Q1 2022 | 2022-03-31 | 1.25 | −0.17 | −12.05% |
| Q4 2021 | 2021-12-31 | 1.29 | −0.38 | −22.93% |
| Q3 2021 | 2021-09-30 | 1.31 | −0.36 | −21.76% |
| Q2 2021 | 2021-06-30 | 1.34 | −0.25 | −15.85% |
| Q1 2021 | 2021-03-31 | 1.42 | −0.16 | −9.85% |
| Q4 2020 | 2020-12-31 | 1.67 | 0.13 | +8.72% |
| Q3 2020 | 2020-09-30 | 1.67 | 0.19 | +12.80% |
| Q2 2020 | 2020-06-30 | 1.59 | 0.11 | +7.69% |
| Q1 2020 | 2020-03-31 | 1.57 | 0.05 | +3.45% |
| Q4 2019 | 2019-12-31 | 1.53 | 0.02 | +1.15% |
| Q3 2019 | 2019-09-30 | 1.48 | 0.04 | +2.90% |
| Q2 2019 | 2019-06-30 | 1.47 | 0.01 | +0.40% |
| Q1 2019 | 2019-03-31 | 1.52 | 0.09 | +6.33% |
| Q4 2018 | 2018-12-31 | 1.52 | 0.05 | +3.23% |
| Q3 2018 | 2018-09-30 | 1.44 | −0.25 | −14.99% |
| Q2 2018 | 2018-06-30 | 1.47 | −0.30 | −16.76% |
| Q1 2018 | 2018-03-31 | 1.43 | −0.24 | −14.28% |
| Q4 2017 | 2017-12-31 | 1.47 | −0.49 | −24.99% |
| Q3 2017 | 2017-09-30 | 1.70 | −0.08 | −4.57% |
| Q2 2017 | 2017-06-30 | 1.76 | 0.05 | +2.71% |
| Q1 2017 | 2017-03-31 | 1.67 | 0.01 | +0.34% |
| Q4 2016 | 2016-12-31 | 1.96 | 0.38 | +24.32% |
| Q3 2016 | 2016-09-30 | 1.78 | 0.20 | +12.77% |
| Q2 2016 | 2016-06-30 | 1.72 | 0.24 | +16.23% |
| Q1 2016 | 2016-03-31 | 1.66 | 0.20 | +13.44% |
| Q4 2015 | 2015-12-31 | 1.57 | 0.21 | +15.21% |
| Q3 2015 | 2015-09-30 | 1.58 | 0.24 | +17.76% |
| Q2 2015 | 2015-06-30 | 1.48 | 0.10 | +6.91% |
| Q1 2015 | 2015-03-31 | 1.47 | 0.15 | +11.33% |
| Q4 2014 | 2014-12-31 | 1.37 | −0.06 | −4.08% |
| Q3 2014 | 2014-09-30 | 1.34 | 0.04 | +3.27% |
| Q2 2014 | 2014-06-30 | 1.38 | 0.05 | +3.90% |
| Q1 2014 | 2014-03-31 | 1.32 | −0.08 | −5.98% |
| Q4 2013 | 2013-12-31 | 1.43 | 0.08 | +5.66% |
| Q3 2013 | 2013-09-30 | 1.30 | −0.40 | −23.57% |
| Q2 2013 | 2013-06-30 | 1.33 | −0.40 | −23.18% |
| Q1 2013 | 2013-03-31 | 1.40 | −0.22 | −13.81% |
| Q4 2012 | 2012-12-31 | 1.35 | −0.19 | −12.36% |
| Q3 2012 | 2012-09-30 | 1.70 | −0.05 | −2.89% |
| Q2 2012 | 2012-06-30 | 1.73 | 0.08 | +5.13% |
| Q1 2012 | 2012-03-31 | 1.63 | 0.07 | +4.77% |
| Q4 2011 | 2011-12-31 | 1.54 | 0.04 | +2.49% |
| Q3 2011 | 2011-09-30 | 1.75 | 0.36 | +25.57% |
| Q2 2011 | 2011-06-30 | 1.65 | 0.06 | +3.66% |
| Q1 2011 | 2011-03-31 | 1.55 | — | — |
| Q4 2010 | 2010-12-31 | 1.50 | −0.92 | −37.94% |
| Q3 2010 | 2010-09-30 | 1.39 | — | — |
| Q2 2010 | 2010-06-30 | 1.59 | — | — |
| Q4 2009 | 2009-12-31 | 2.42 | — | — |
Energy Transfer LP debt-to-equity ratio trends
Over the last five fiscal years, Energy Transfer LP's debt-to-equity ratio decreased from 1.67 to 1.43, a change of −0.24. The latest reported quarter, Q1 2026, shows 1.43.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Energy Transfer LP source filings ↗