Energy Transfer LP
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
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Energy Transfer LP (ET) Free cash flow
Energy Transfer LP's free cash flow for fiscal 2025 was $3.8B, down 53.8% from $8.3B in fiscal 2024. Over the twelve months to 30 September 2026 it was $13.6B. Over the past ten years it has ranged from −$6.1B (fiscal 2015) to $8.4B (fiscal 2021); the current reading is higher than 64% of that period. Energy Transfer LP ranks 1st of 56 Oil & Gas Midstream companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $3.8B | (53.82%) |
| FY2024 | $8.3B | 29.71% |
| FY2023 | $6.4B | 11.71% |
| FY2022 | $5.7B | (31.45%) |
| FY2021 | $8.4B | 275.84% |
| FY2020 | $2.2B | 6.44% |
| FY2019 | $2.1B | 2,017.17% |
| FY2018 | $99.0M | — |
| FY2017 | −$4.0B | — |
| FY2016 | −$4.4B | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $4.0B | 48.14% |
| Jun 2026 | $2.7B | 85.70% |
| Mar 2026 | $1.5B | — |
| Dec 2025 | −$225.0M | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ET Energy Transfer LP | $13.6B |
| EPD Enterprise Products Partners L.P. compare | $9.3B |
| MPLX MPLX LP compare | $4.1B |
| LNG Cheniere Energy, Inc. compare | $3.8B |
| TRP TC Energy Corporation compare | $2.9B |
| KMI Kinder Morgan, Inc. compare | $2.6B |
| OKE ONEOK, Inc. compare | $2.5B |
| TRGP Targa Resources, Inc. compare | $933.8M |
| WMB Williams Companies, Inc. (The) compare | −$1.3B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement