Energy Transfer (ET) Free Cash Flow (2010 - 2026)
Energy Transfer's (ET) quarterly Free Cash Flow came in at $1.5 billion in Q1 2026, down 13.64% YoY from $1.7 billion in Q1 2025, and up 749.78% on a QoQ basis from -$225.0 million in Q4 2025.
Energy Transfer (ET) Free Cash Flow (2010 - 2026) Analysis & Trends
Energy Transfer (ET) has 17 years of Free Cash Flow data on file, last reported at $1.5 billion in Q1 2026.
- Quarterly Free Cash Flow fell 13.64% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.6 billion (down 40.33% YoY) and the FY2025 annual result came in at $3.8 billion, down 47.62% from the prior year.
- Free Cash Flow improved to $1.5 billion in Q1 2026, from -$225.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $3.0 billion in Q1 2024 to a low of -$225.0 million in Q4 2025.
- A 5-year average of $1.5 billion and a median of $1.6 billion in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow jumped 88.85% — and 2025, when it plunged 120.13%.
- Tracing ET's Free Cash Flow over 5 years: stood at $450.0 million in 2022, then soared by 31.56% to $592.0 million in 2023, then jumped by 88.85% to $1.1 billion in 2024, then sank by 120.13% to -$225.0 million in 2025, then surged by 749.78% to $1.5 billion in 2026.
- The last three Free Cash Flow figures came in at $1.5 billion (Q1 2026), -$225.0 million (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 978.00 Mn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 821.24 Mn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 2.02 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 2.71 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 1.89 Bn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 877.00 Mn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 1.44 Bn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 431.20 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 398.00 Mn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | -1.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.71 Bn |
| Jun 30, 2026 | 2.71 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | -225.00 Mn |
| Dec 31, 2025 | -225.00 Mn |
| Sep 30, 2025 | 1.28 Bn |
| Sep 30, 2025 | 1.28 Bn |
| Jun 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 1.10 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 2.98 Bn |
| Mar 31, 2024 | 2.98 Bn |