Energy Transfer (ET) FCF Margin (2010 - 2026)
Energy Transfer (ET) 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) FCF Margin (2010 - 2026) Analysis & Trends
Energy Transfer's FCF Margin history runs 17 years deep, the most recent figure standing at 5.26% for Q1 2026.
- Quarterly FCF Margin fell 279.0% year-over-year to 5.26% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.15% (down 223.0% YoY) and the FY2025 annual result came in at 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.
- Across five years, FCF Margin topped out at 13.76% in Q1 2024 and bottomed 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 jumped 525 bps.
- Energy Transfer's 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 slumped by 224 bps to 7.1% in 2025, then surged by 174 bps to 5.26% in 2026.
- Business Quant data shows ET's FCF Margin at 5.26% in Q1 2026, 7.1% in Q4 2025, and 6.39% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 53.09% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 15.79% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 21.84% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 3.38% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.53% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 5.26% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -3.91% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.73% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 32.87% |
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% |