What Energy Transfer's Latest Debt Raise Could Mean For 2023

Dec. 08, 2022 12:00 PM ETEnergy Transfer LP (ET)ET.PC, ET.PD, ET.PE180 Comments


  • ET has prioritized debt reduction over the past two years and has made greater progress towards cleaning up its balance sheet.
  • Management had indicated that it would continue paying down debt as it matures in the coming years, but recently raised ~$2.5 billion in new long-term debt.
  • We look at what this could mean for 2023.
  • Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More »

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Makhbubakhon Ismatova

Energy Transfer (NYSE:ET) has prioritized debt reduction over the past two years and has made greater progress towards cleaning up its balance sheet, reducing net debt by billions of dollars and bringing the leverage ratio to within


Upcoming Debt Maturities (ET 2021 10-K)

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This article was written by

Samuel Smith profile picture
Become a “High Yield Investor” with our 8% Yielding Portfolio.

Samuel Smith is Vice President at Leonberg Capital and manages the High Yield Investor Seeking Alpha Marketplace Service.

Samuel is a Professional Engineer and Project Management Professional by training and holds a B.S. in Civil Engineering and Mathematics from the United States Military Academy at West Point. He is a former Army officer, land development project engineer, and lead investment analyst at Sure Dividend.

Disclosure: I/we have a beneficial long position in the shares of ET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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