Energy Transfer (ET) FCF Margin (2010 - 2026)
Energy Transfer's (ET) quarterly FCF Margin came in at 7.88% in Q2 2026, up 215.0% on a YoY basis from 2.5% in Q2 2025, and up 49.76% quarter-over-quarter from 5.26% in Q1 2026.
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Energy Transfer (ET) FCF Margin (2010 - 2026) Analysis & Trends
Energy Transfer (ET) has reported FCF Margin for 17 consecutive years, with 7.88% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 215.0% year-over-year to 7.88%; the trailing twelve-month figure through Jun 2026 stood at 6.12% (down 95.0% YoY), and the FY2025 full-year result was 4.5%, down 438.0% from the prior year.
- FCF Margin improved to 7.88% in Q2 2026 per ET's latest filing, from 5.26% 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.
- Historically, FCF Margin has averaged 6.64% across 5 years, with a median of 7.46% in 2026.
- The sharpest annual moves came in 2022 and 2023: FCF Margin plunged 1833 bps in 2022, then surged 525 bps in 2023.
- Over 5 years, 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 jumped by 211 bps to 7.88% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 7.88%, 5.26%, and 7.1% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 21.84% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 11.07% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.88% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 92.82% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 9.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 26.48% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 11.95% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 3.87% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 51.81% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic 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% |