Energy Transfer (ET) FCF Margin (2010 - 2026)
Energy Transfer (ET) reported FCF Margin of 5.26% for Q1 2026, down 279.0% on a YoY basis from 2.94% in Q1 2025, and up 174.17% quarter-over-quarter from 7.1% in Q4 2025.
Energy Transfer (ET) FCF Margin (2010 - 2026) Analysis & Trends
Energy Transfer has reported FCF Margin for 17 years, with the latest figure at 5.26% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 279.0% year-over-year to 5.26%; the trailing twelve-month figure through Mar 2026 stood at 5.15% (down 223.0% YoY), and the FY2025 full-year result was 4.5%, down 438.0% from the prior year.
- FCF Margin for Q1 2026 stood at 5.26%, up from 7.1% in the prior quarter.
- The five-year high for FCF Margin was 13.76% in Q1 2024, with the low at 7.1% in Q4 2025.
- Historically, FCF Margin has averaged 6.56% across 5 years, with a median of 7.04% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin tumbled 1833 bps — and 2023, when it jumped 525 bps.
- Energy Transfer's FCF Margin 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 5.86% |
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% |