Energy Transfer (ET-PI) Free Cash Flow (2010 - 2026)

Energy Transfer (ET-PI) reported Free Cash Flow of $1.5 billion for Q1 2026, down 13.64% on a YoY basis from $1.7 billion in Q1 2025, and up 749.78% quarter-over-quarter from -$225.0 million in Q4 2025.

Energy Transfer (ET-PI) Free Cash Flow (2010 - 2026) Analysis & Trends

Energy Transfer has reported Free Cash Flow for 17 years, with the latest figure at $1.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 13.64% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $3.6 billion (down 40.33% YoY), and the FY2025 full-year result was $3.8 billion, down 47.62% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $1.5 billion, up from -$225.0 million in the prior quarter.
  • The five-year high for Free Cash Flow was $3.0 billion in Q1 2024, with the low at -$225.0 million in Q4 2025.
  • Historically, Free Cash Flow has averaged $1.5 billion across 5 years, with a median of $1.6 billion in 2022.
  • Annual changes were most pronounced in 2024 — Free Cash Flow jumped 88.85% — and 2025, when it plunged 120.13%.
  • Energy Transfer's Free Cash Flow stood at $450.0 million in 2022, then soared by 31.56% to $592.0 million in 2023, then jumped by 88.85% to $1.1 billion in 2024, then sank by 120.13% to -$225.0 million in 2025, then surged by 749.78% to $1.5 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.5 billion (Q1 2026), -$225.0 million (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn -70.73 Mn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 486.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.36 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.46 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 772.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn -160.00 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 70.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 392.96 Mn
10 Energy Transfer - - 6.62 Bn 1.46 Bn

Historic Data

Download Data
DateValue
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