Energy Transfer LP Capital Reinvestment Ratio
Energy Transfer LP capital reinvestment ratio. Energy Transfer LP (ET) has a Capital Reinvestment Ratio of 1.12x as of December 2025, meaning it reinvests 1% of its operating cash flow ($1.90 Billion) in capital expenditures ($2.12 Billion). See Energy Transfer LP free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Energy Transfer LP (2004–2025)
Capital reinvestment ratio of Energy Transfer LP from 2004 to 2025. This chart tracks Energy Transfer LP's Capital Reinvestment Ratio across 22 annual periods. See ET financial flexibility score to measure the company's free cash flow as a share of total liabilities.
Energy Transfer LP Capital Reinvestment Ratio by Year (2004–2025)
Energy Transfer LP capital reinvestment ratio by year from 2004 to 2025. For the full cash flow conversion analysis, see cash efficiency ratio of Energy Transfer LP.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.62x | $10.15 Billion | $6.30 Billion | ▲ +71.6% |
| 2024 | 0.36x | $11.51 Billion | $4.16 Billion | ▲ +10.3% |
| 2023 | 0.33x | $9.55 Billion | $3.13 Billion | ▼ -12.2% |
| 2022 | 0.37x | $9.05 Billion | $3.38 Billion | ▲ +47.8% |
| 2021 | 0.25x | $11.16 Billion | $2.82 Billion | ▼ -63.7% |
| 2020 | 0.70x | $7.36 Billion | $5.13 Billion | ▼ -6.4% |
| 2019 | 0.74x | $8.00 Billion | $5.96 Billion | ▼ -24.5% |
| 2018 | 0.99x | $7.51 Billion | $7.41 Billion | ▼ -48.2% |
| 2017 | 1.91x | $4.43 Billion | $8.44 Billion | ▼ -21.7% |
| 2016 | 2.44x | $3.32 Billion | $8.09 Billion | ▼ -22.7% |
| 2015 | 3.15x | $2.98 Billion | $9.39 Billion | ▲ +85.9% |
| 2014 | 1.69x | $3.17 Billion | $5.38 Billion | ▲ +17.0% |
| 2013 | 1.45x | $2.42 Billion | $3.50 Billion | ▼ -52.2% |
| 2012 | 3.03x | $1.08 Billion | $3.27 Billion | ▲ +131.0% |
| 2011 | 1.31x | $1.38 Billion | $1.81 Billion | ▼ -5.3% |
| 2010 | 1.39x | $1.09 Billion | $1.51 Billion | ▲ +34.1% |
| 2009 | 1.03x | $723.46 Million | $748.62 Million | ▼ -42.4% |
| 2008 | 1.80x | $1.14 Billion | $2.05 Billion | ▲ +23.6% |
| 2007 | 1.45x | $754.50 Million | $1.10 Billion | ▼ -33.6% |
| 2006 | 2.19x | $310.78 Million | $680.16 Million | ▼ -57.5% |
| 2005 | 5.15x | $38.13 Million | $196.46 Million | ▲ +473.5% |
| 2004 | 0.90x | $122.10 Million | $109.69 Million | — |