Energy Transfer (ET) Free Cash Flow (2010 - 2026)
Energy Transfer's (ET) quarterly Free Cash Flow came in at $2.7 billion in Q2 2026, up 145.42% on a YoY basis from $1.1 billion in Q2 2025, and up 85.16% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
Energy Transfer (ET) Free Cash Flow (2010 - 2026) Analysis & Trends
Energy Transfer (ET) has reported Free Cash Flow for 17 consecutive years, with $2.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 145.42% year-over-year to $2.7 billion; the trailing twelve-month figure through Jun 2026 stood at $5.2 billion (down 8.47% YoY), and the FY2025 full-year result was $3.8 billion, down 47.62% from the prior year.
- Free Cash Flow rose to $2.7 billion in Q2 2026 per ET's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $3.0 billion in Q1 2024 and bottomed at -$225.0 million in Q4 2025.
- Historically, Free Cash Flow has averaged $1.5 billion across 5 years, with a median of $1.6 billion in 2022.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow sank 120.13% in 2025, then surged 145.42% in 2026.
- Over 5 years, Free Cash Flow stood at $450.0 million in 2022, then surged by 31.56% to $592.0 million in 2023, then soared by 88.85% to $1.1 billion in 2024, then tumbled by 120.13% to -$225.0 million in 2025, then soared by 1303.11% to $2.7 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $2.7 billion, $1.5 billion, and -$225.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 2.02 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 2.71 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 2.66 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 431.20 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 877.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 1.44 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 821.24 Mn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.12 Bn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.71 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | -225.00 Mn |
| Sep 30, 2025 | 1.28 Bn |
| Jun 30, 2025 | 1.10 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 2.98 Bn |
| Dec 31, 2023 | 592.00 Mn |
| Sep 30, 2023 | 1.67 Bn |
| Jun 30, 2023 | 1.66 Bn |
| Mar 31, 2023 | 2.50 Bn |
| Dec 31, 2022 | 450.00 Mn |
| Sep 30, 2022 | 1.95 Bn |
| Jun 30, 2022 | 1.65 Bn |
| Mar 31, 2022 | 1.62 Bn |
| Dec 31, 2021 | 963.00 Mn |
| Sep 30, 2021 | 1.65 Bn |