Energy Transfer (ET) FCF Margin (2010 - 2026)
Energy Transfer's (ET) quarterly FCF Margin came in at 5.26% in Q1 2026, down 279.0% YoY from 2.94% in Q1 2025, and up 174.17% on a QoQ basis from 7.1% in Q4 2025.
Energy Transfer (ET) FCF Margin (2010 - 2026) Analysis & Trends
Energy Transfer (ET) has 17 years of FCF Margin data on file, last reported at 5.26% in 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 rose to 5.26% in Q1 2026, from 7.1% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 13.76% in Q1 2024 to a low of 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 tumbled 1833 bps — and 2023, when it jumped 525 bps.
- Tracing ET's FCF Margin over 5 years: stood at 2.2% in 2022, then jumped by 31 bps to 2.88% in 2023, then surged by 98 bps to 5.72% in 2024, then plunged by 224 bps to 7.1% in 2025, then soared by 174 bps to 5.26% in 2026.
- The last three FCF Margin figures came in at 5.26% (Q1 2026), 7.1% (Q4 2025), and 6.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 21.84% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 3.87% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 11.07% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 7.88% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 146.27% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 11.95% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 9.71% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 6.94% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | -35.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.88% |
| 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% |