Energy Transfer (ET-PI) FCF Margin (2010 - 2026)
Energy Transfer (ET-PI) posted FCF Margin of 5.26% for Q1 2026, up 174.17% on a QoQ basis from 7.1% in Q4 2025, and down 279.0% year-over-year from 2.94% in Q1 2025.
Energy Transfer (ET-PI) FCF Margin (2010 - 2026) Analysis & Trends
Energy Transfer (ET-PI) has reported FCF Margin for 17 consecutive years, with 5.26% the latest figure, recorded in Q1 2026.
- FCF Margin for Q1 2026 came in at 5.26%, down 279.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.15% (down 223.0% YoY), and the FY2025 annual result was 4.5%, down 438.0% from the prior year.
- FCF Margin was 5.26% for Q1 2026 at Energy Transfer, up from 7.1% in the prior quarter.
- Over five years, FCF Margin peaked at 13.76% in Q1 2024 and troughed at 7.1% in Q4 2025.
- A 5-year average of 6.56% and a median of 7.04% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 1833 bps — and 2023, when it surged 525 bps.
- Year by year, FCF Margin stood at 2.2% in 2022, then soared by 31 bps to 2.88% in 2023, then jumped by 98 bps to 5.72% in 2024, then plunged by 224 bps to 7.1% in 2025, then surged by 174 bps to 5.26% in 2026.
- Per Business Quant, the three latest ET-PI FCF Margin figures stand at 5.26% (Q1 2026), 7.1% (Q4 2025), and 6.39% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -0.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 28.13% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 3.38% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 5.26% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -3.91% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.41% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.73% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 24.42% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -52.58% |
| 10 | Energy Transfer | - | - | 6.62 Bn | 5.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.26% |
| Dec 31, 2025 | -7.10% |
| Sep 30, 2025 | 6.39% |
| Jun 30, 2025 | 5.73% |
| Mar 31, 2025 | 8.05% |
| Dec 31, 2024 | 5.72% |
| Sep 30, 2024 | 8.61% |
| Jun 30, 2024 | 7.04% |
| Mar 31, 2024 | 13.76% |
| Dec 31, 2023 | 2.88% |
| Sep 30, 2023 | 8.06% |
| Jun 30, 2023 | 9.06% |
| Mar 31, 2023 | 13.15% |
| Dec 31, 2022 | 2.20% |
| Sep 30, 2022 | 8.52% |
| Jun 30, 2022 | 6.35% |
| Mar 31, 2022 | 7.90% |
| Dec 31, 2021 | 5.16% |
| Sep 30, 2021 | 9.88% |
| Jun 30, 2021 | 8.44% |