Energy Transfer LP annual free cash flow
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2025
Energy Transfer LP Free Cash Flow (FCF) History (ET)
Energy Transfer LP reported $3.85B in free cash flow for fiscal 2025, a decrease of 47.62% from the previous fiscal year, with a free cash flow margin of 4.50%.
View full Energy Transfer LP company overviewEnergy Transfer LP free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.85B | −$3.50B | −47.62% | +4.50% |
| 2024 | 2024-12-31 | $7.34B | $921.0M | +14.34% | +8.88% |
| 2023 | 2023-12-31 | $6.42B | $751.0M | +13.25% | +8.17% |
| 2022 | 2022-12-31 | $5.67B | −$2.67B | −32.01% | +6.31% |
| 2021 | 2021-12-31 | $8.34B | $6.11B | +273.82% | +12.37% |
| 2020 | 2020-12-31 | $2.23B | $135.0M | +6.44% | +5.73% |
| 2019 | 2019-12-31 | $2.10B | $2.00B | +2017.17% | +3.87% |
| 2018 | 2018-12-31 | $99.0M | $4.11B | — | +0.18% |
| 2017 | 2017-12-31 | −$4.01B | $434.0M | — | −9.91% |
| 2016 | 2016-12-31 | −$4.45B | $1.65B | — | −13.99% |
| 2015 | 2015-12-31 | −$6.09B | −$3.89B | — | −16.88% |
| 2014 | 2014-12-31 | −$2.21B | −$1.12B | — | −3.96% |
| 2013 | 2013-12-31 | −$1.09B | $1.11B | — | −2.25% |
| 2012 | 2012-12-31 | −$2.19B | −$1.76B | — | −12.93% |
| 2011 | 2011-12-31 | −$432.0M | −$10.0M | — | −5.27% |
| 2010 | 2010-12-31 | −$422.0M | −$396.8M | — | −6.44% |
| 2009 | 2009-12-31 | −$25.2M | $885.9M | — | −0.46% |
| 2008 | 2008-12-31 | −$911.1M | — | — | −9.80% |
Energy Transfer LP quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.71B | $1.60B | +145.42% | +7.88% |
| Q1 2026 | 2026-03-31 | $1.46B | −$231.0M | −13.64% | +5.26% |
| Q4 2025 | 2025-12-31 | −$225.0M | −$1.34B | — | −0.89% |
| Q3 2025 | 2025-09-30 | $1.27B | −$513.0M | −28.69% | +6.39% |
| Q2 2025 | 2025-06-30 | $1.10B | −$356.0M | −24.40% | +5.73% |
| Q1 2025 | 2025-03-31 | $1.69B | −$1.28B | −43.13% | +8.05% |
| Q4 2024 | 2024-12-31 | $1.12B | $526.0M | +88.85% | +5.72% |
| Q3 2024 | 2024-09-30 | $1.79B | $116.0M | +6.94% | +8.61% |
| Q2 2024 | 2024-06-30 | $1.46B | −$201.0M | −12.11% | +7.04% |
| Q1 2024 | 2024-03-31 | $2.98B | $480.0M | +19.22% | +13.76% |
| Q4 2023 | 2023-12-31 | $592.0M | $142.0M | +31.56% | +2.88% |
| Q3 2023 | 2023-09-30 | $1.67B | −$282.0M | −14.43% | +8.06% |
| Q2 2023 | 2023-06-30 | $1.66B | $12.0M | +0.73% | +9.06% |
| Q1 2023 | 2023-03-31 | $2.50B | $879.0M | +54.33% | +13.15% |
| Q4 2022 | 2022-12-31 | $450.0M | −$513.0M | −53.27% | +2.20% |
| Q3 2022 | 2022-09-30 | $1.95B | $308.0M | +18.71% | +8.52% |
| Q2 2022 | 2022-06-30 | $1.65B | $374.0M | +29.36% | +6.35% |
| Q1 2022 | 2022-03-31 | $1.62B | −$2.84B | −63.70% | +7.90% |
| Q4 2021 | 2021-12-31 | $963.0M | $157.0M | +19.48% | +5.16% |
| Q3 2021 | 2021-09-30 | $1.65B | $488.0M | +42.14% | +9.88% |
| Q2 2021 | 2021-06-30 | $1.27B | $1.21B | +2023.33% | +8.44% |
| Q1 2021 | 2021-03-31 | $4.46B | $4.25B | +2053.14% | +26.23% |
| Q4 2020 | 2020-12-31 | $806.0M | $495.0M | +159.16% | +8.03% |
| Q3 2020 | 2020-09-30 | $1.16B | $449.0M | +63.33% | +11.63% |
| Q2 2020 | 2020-06-30 | $60.0M | −$351.0M | −85.40% | +0.82% |
| Q1 2020 | 2020-03-31 | $207.0M | −$458.0M | −68.87% | +1.78% |
| Q4 2019 | 2019-12-31 | $311.0M | $332.0M | — | +2.27% |
| Q3 2019 | 2019-09-30 | $709.0M | $212.0M | +42.66% | +5.25% |
| Q2 2019 | 2019-06-30 | $411.0M | $1.19B | — | +2.96% |
| Q1 2019 | 2019-03-31 | $665.0M | $263.0M | +65.42% | +5.07% |
| Q4 2018 | 2018-12-31 | −$21.0M | $1.28B | — | −0.15% |
| Q3 2018 | 2018-09-30 | $497.0M | $1.80B | — | +3.42% |
| Q2 2018 | 2018-06-30 | −$779.0M | $0 | — | −5.52% |
| Q1 2018 | 2018-03-31 | $402.0M | $1.04B | — | +3.38% |
| Q4 2017 | 2017-12-31 | −$1.30B | −$506.0M | — | −11.34% |
| Q3 2017 | 2017-09-30 | −$1.30B | $13.0M | — | −13.02% |
| Q2 2017 | 2017-06-30 | −$779.0M | $601.0M | — | −8.26% |
| Q1 2017 | 2017-03-31 | −$637.0M | $326.0M | — | −6.59% |
| Q4 2016 | 2016-12-31 | −$793.0M | $759.0M | — | −8.83% |
| Q3 2016 | 2016-09-30 | −$1.31B | $161.0M | — | −17.04% |
| Q2 2016 | 2016-06-30 | −$1.38B | $105.0M | — | −18.61% |
| Q1 2016 | 2016-03-31 | −$963.0M | $620.0M | — | −12.51% |
| Q4 2015 | 2015-12-31 | −$1.55B | −$553.0M | — | −44.27% |
| Q3 2015 | 2015-09-30 | −$1.47B | −$509.0M | — | −13.88% |
| Q2 2015 | 2015-06-30 | −$1.49B | −$1.36B | — | −12.81% |
| Q1 2015 | 2015-03-31 | −$1.58B | −$1.47B | — | −15.25% |
| Q4 2014 | 2014-12-31 | −$999.0M | −$570.0M | — | −7.41% |
| Q3 2014 | 2014-09-30 | −$965.0M | −$685.0M | — | −6.44% |
| Q2 2014 | 2014-06-30 | −$129.0M | −$183.0M | — | −0.91% |
| Q1 2014 | 2014-03-31 | −$113.0M | $318.0M | — | −0.86% |
| Q4 2013 | 2013-12-31 | −$429.0M | $422.0M | — | −3.40% |
| Q3 2013 | 2013-09-30 | −$280.0M | $193.0M | — | −2.24% |
| Q2 2013 | 2013-06-30 | $54.0M | $407.0M | — | +0.45% |
| Q1 2013 | 2013-03-31 | −$431.0M | $85.0M | — | −3.86% |
| Q4 2012 | 2012-12-31 | −$851.0M | −$548.1M | — | −7.52% |
| Q3 2012 | 2012-09-30 | −$473.0M | −$439.7M | — | −22.48% |
| Q2 2012 | 2012-06-30 | −$353.0M | −$178.6M | — | −18.81% |
| Q1 2012 | 2012-03-31 | −$516.0M | −$594.6M | — | −30.90% |
| Q4 2011 | 2011-12-31 | −$302.9M | −$78.3M | — | −14.14% |
| Q3 2011 | 2011-09-30 | −$33.3M | $336.7M | — | −1.60% |
| Q2 2011 | 2011-06-30 | −$174.4M | $8.4M | — | −8.83% |
| Q1 2011 | 2011-03-31 | $78.6M | −$276.8M | −77.89% | +3.95% |
| Q4 2010 | 2010-12-31 | −$224.6M | −$101.6M | — | −12.95% |
| Q3 2010 | 2010-09-30 | −$370.0M | — | — | −23.30% |
| Q2 2010 | 2010-06-30 | −$182.8M | — | — | −13.41% |
| Q1 2010 | 2010-03-31 | $355.3M | — | — | +18.98% |
| Q3 2009 | 2009-09-30 | −$123.0M | — | — | −10.89% |
Energy Transfer LP free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.23B to $3.85B, a compound annual growth rate of 11.51%. Energy Transfer LP's latest reported quarter, Q2 2026, generated $2.71B in free cash flow, an increase of 145.42% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Energy Transfer LP filings at SEC.gov ↗