Energy Transfer LP (ET) — 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 balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Energy Transfer LP Capital Reinvestment Ratio (2004–2025)
This chart tracks Energy Transfer LP's Capital Reinvestment Ratio across 22 annual periods. Check Energy Transfer LP (ET) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Energy Transfer LP (2004–2025)
Year-by-year Capital Reinvestment Ratio for Energy Transfer LP from 2004 to 2025. For live market cap and broader valuation context, see Energy Transfer LP (ET) market capitalisation.
| 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 | — |