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Energy Transfer ET Debt-to-assets

Debt-to-assets at other companies

Williams Companies logo
Williams CompaniesWMB
0.5×0.0×
Oneok logo
OneokOKE
0.5×0.0×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
0.4×0.0×
Enbridge logo
EnbridgeENB
-0.4×
EQT Corporation logo
EQT CorporationEQT
0.1×-0.1×
Cheniere Energy Partners logo
Cheniere Energy PartnersCQP
0.8×0.0×

Other financials

Income statement

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Revenue$27.8B+32.1%
Gross profit$6.6B+21.5%
Operating income$3.0B+19.8%
Net income$1.3B-5.2%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$71.1B+17.3%
Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$64.52B+4.1%
Enterprise value$134.68B+10.2%
P/E14.8×+2.1×
P/S0.7×-0.1×

Profitability

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Gross margin25.2%-0.6pp
Operating margin10.3%-1.0pp
Net margin4.7%-1.2pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Calculated from Energy Transfer’s reported figures.

Based on the most recent quarter.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's debt-to-assets?
Energy Transfer (ET) reported debt-to-assets of 0.5× in Q1 2026.
How has Energy Transfer's debt-to-assets changed year-over-year?
Energy Transfer's debt-to-assets increased by 0.6% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for Energy Transfer's debt-to-assets?
Over 4 years (2021 to 2025), Energy Transfer's debt-to-assets has grown at a 0.2% compound annual growth rate (CAGR), from 2× to 2×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.