Energy Transfer (ET) Change in Working Capital (2010 - 2026)
Energy Transfer (ET) posted Change in Working Capital of -$12 million for Q2 2026, compared with $175 million a year earlier.
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Analysis
Energy Transfer (ET) Change in Working Capital (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Change in Working Capital at Energy Transfer was $1.45 billion, up 58.9% year-over-year; for FY2025, it was $1.98 billion, up 908.2% from FY2024.
- In prior years, Energy Transfer's Change in Working Capital was $196 million in FY2024 (-56.5%), $451 million in FY2023 (-70.0%), $1.5 billion in FY2022 and -$515 million in FY2021.
- Quarterly Change in Working Capital has run from a low of -$873 million in Q1 2024 to a high of $1.63 billion in Q4 2023 over five years.
- On a year-over-year basis, Change in Working Capital increased in 1 of the last four quarters, with growth averaging 32.5%.
- According to Business Quant data, Change in Working Capital for the three prior quarters was -$216 million (Q1 2026), $1.49 billion (Q4 2025) and $186 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 892.09 Mn |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | -238.00 Mn |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | - |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | - |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 556.00 Mn |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | -324.31 Mn |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | - |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | - |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | - |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 556.00 Mn |
| Jun 30, 2026 | 12.00 Mn |
| Mar 31, 2026 | 216.00 Mn |
| Dec 31, 2025 | -1.49 Bn |
| Sep 30, 2025 | -186.00 Mn |
| Jun 30, 2025 | -175.00 Mn |
| Mar 31, 2025 | -122.00 Mn |
| Dec 31, 2024 | -386.00 Mn |
| Sep 30, 2024 | -230.00 Mn |
| Jun 30, 2024 | -453.00 Mn |
| Mar 31, 2024 | 873.00 Mn |
| Dec 31, 2023 | -1.63 Bn |
| Sep 30, 2023 | 295.00 Mn |
| Jun 30, 2023 | 86.00 Mn |
| Mar 31, 2023 | 801.00 Mn |
| Dec 31, 2022 | -1.29 Bn |
| Sep 30, 2022 | 519.00 Mn |
| Jun 30, 2022 | -411.00 Mn |
| Mar 31, 2022 | -320.00 Mn |
| Dec 31, 2021 | -455.00 Mn |
API Access
Energy Transfer Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "ET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();