Energy Transfer (ET) EV to FCF (2018 - 2026)
Energy Transfer's EV to FCF was 12.47 in Q2 2026, up 14.1% from 10.93 a year earlier but down 31.4% from the prior quarter.
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Analysis
Energy Transfer (ET) EV to FCF (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Energy Transfer's EV to FCF was 11.36 through Jun 30, 2026, up 5.7% year-over-year; for FY2025, it was 14.48, up 36.7% from FY2024.
- EV to FCF has now increased for four consecutive years.
- In earlier years, EV to FCF was 10.60 in FY2024 (+27.0%), 8.34 in FY2023 (+7.2%), 7.78 in FY2022 (+96.1%) and 3.97 in FY2021 (-69.7%).
- Quarterly EV to FCF has moved between 3.23 (Q3 2021) and 18.18 (Q1 2026) over five years.
- Compared with a year earlier, EV to FCF has increased for 13 straight quarters, with growth averaging 34.3% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q4 2022 (growth of 96.1%); the worst was Q4 2021 (a decline of 69.7%).
- Per Business Quant data, ET's EV to FCF in the three quarters before Q2 2026 was 18.18 (Q1 2026), 14.48 (Q4 2025) and 11.01 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.47 |
| Mar 31, 2026 | 18.18 |
| Dec 31, 2025 | 14.48 |
| Sep 30, 2025 | 11.01 |
| Jun 30, 2025 | 10.93 |
| Mar 31, 2025 | 10.53 |
| Dec 31, 2024 | 10.60 |
| Sep 30, 2024 | 8.08 |
| Jun 30, 2024 | 8.25 |
| Mar 31, 2024 | 7.50 |
| Dec 31, 2023 | 8.34 |
| Sep 30, 2023 | 7.02 |
| Jun 30, 2023 | 6.11 |
| Mar 31, 2023 | 5.92 |
| Dec 31, 2022 | 7.78 |
| Sep 30, 2022 | 5.54 |
| Jun 30, 2022 | 5.27 |
| Mar 31, 2022 | 6.16 |
| Dec 31, 2021 | 3.97 |
| Sep 30, 2021 | 3.23 |
API Access
Energy Transfer EV to FCF 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=ev-to-fcf&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();