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 | — | −5.84% |
| Q3 2016 | 2016-09-30 | −$1.31B | $161.0M | — | −9.05% |
| Q2 2016 | 2016-06-30 | −$1.38B | $105.0M | — | −9.77% |
| Q1 2016 | 2016-03-31 | −$963.0M | $620.0M | — | −8.10% |
| Q4 2015 | 2015-12-31 | −$1.55B | −$553.0M | — | −13.55% |
| Q3 2015 | 2015-09-30 | −$1.47B | −$509.0M | — | −14.76% |
| Q2 2015 | 2015-06-30 | −$1.49B | −$1.36B | — | −15.75% |
| Q1 2015 | 2015-03-31 | −$1.58B | −$1.47B | — | −16.39% |
| 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 | — | — | −12.65% |
| Q3 2010 | 2010-09-30 | −$370.0M | −$247.0M | — | −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 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 source filings ↗