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Friday 6 November 2026 Export ET’s income statement to Excel — free account

Energy Transfer LP

ET Energy Oil & Gas Midstream

Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024.

Revenue
+85.9%
EPS
+17.9%
Free cash flow
+215.5%
Total debt
+9.11%

Quarter to September 2026, against a year earlier

18.95 0.10 +0.53%
Market cap
$66.1B
P/E
12.6×
Fwd P/E
12.0×
Dividend yield
8.78%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Energy Transfer LP (ET) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Energy Transfer LP (ET) trades at a EV/FCF of 20.1×. Over the past ten years it has ranged from −55.5× (October 2018) to 685× (February 2019); the current reading is higher than 70% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 32.2× 112.63%
FY2024 15.1× 1.03%
FY2023 15.0× 2.58%
FY2022 14.6× 70.24%
FY2021 8.6× (71.77%)
FY2020 30.4× (24.68%)
FY2019 40.3× (93.81%)
FY2018 651× —
FY2017 −15.7× —
FY2016 −17.4× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 20.4× (20.07%)
Jun 2026 25.5× (31.66%)
Mar 2026 37.3× 15.96%
Dec 2025 32.2× 40.79%
43 more quarters

Against its own ten years

Low −55.5× High 685×
Ten-year median 13.9×
Current reading's percentile 54

EV/FCF against peers

Company EV/FCF
WMB Williams Companies, Inc. (The) compare −87.7×
ET Energy Transfer LP 20.1×
MPLX MPLX LP compare 20.2×
LNG Cheniere Energy, Inc. compare 21.0×
EPD Enterprise Products Partners L.P. compare 24.6×
OKE ONEOK, Inc. compare 32.8×
TRP TC Energy Corporation compare 37.3×
KMI Kinder Morgan, Inc. compare 37.6×
TRGP Targa Resources, Inc. compare 83.8×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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