Energy Transfer (ET-PI) Free Cash Flow (2010 - 2026)
Energy Transfer (ET-PI) posted Free Cash Flow of $1.5 billion for Q1 2026, up 749.78% on a QoQ basis from -$225.0 million in Q4 2025, and down 13.64% year-over-year from $1.7 billion in Q1 2025.
Energy Transfer (ET-PI) Free Cash Flow (2010 - 2026) Analysis & Trends
Energy Transfer (ET-PI) has reported Free Cash Flow for 17 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.
- Free Cash Flow for Q1 2026 came in at $1.5 billion, down 13.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.6 billion (down 40.33% YoY), and the FY2025 annual result was $3.8 billion, down 47.62% from the prior year.
- Free Cash Flow was $1.5 billion for Q1 2026 at Energy Transfer, up from -$225.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $3.0 billion in Q1 2024 and troughed at -$225.0 million in Q4 2025.
- A 5-year average of $1.5 billion and a median of $1.6 billion in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow surged 88.85% — and 2025, when it tumbled 120.13%.
- Year by year, Free Cash Flow stood at $450.0 million in 2022, then surged by 31.56% to $592.0 million in 2023, then soared by 88.85% to $1.1 billion in 2024, then sank by 120.13% to -$225.0 million in 2025, then jumped by 749.78% to $1.5 billion in 2026.
- Per Business Quant, the three latest ET-PI Free Cash Flow figures stand at $1.5 billion (Q1 2026), -$225.0 million (Q4 2025), and $1.3 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -70.73 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.36 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 486.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.46 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -160.00 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 772.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 70.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 879.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -2.42 Bn |
| 10 | Energy Transfer | - | - | 6.62 Bn | 1.46 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | -225.00 Mn |
| Dec 31, 2025 | -225.00 Mn |
| Sep 30, 2025 | 1.28 Bn |
| Sep 30, 2025 | 1.28 Bn |
| Jun 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 1.10 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 2.98 Bn |
| Mar 31, 2024 | 2.98 Bn |
| Dec 31, 2023 | 592.00 Mn |
| Dec 31, 2023 | 592.00 Mn |