Energy Transfer LP (ET) — Capital Reinvestment Ratio
Latest as of December 2025:
1.12x
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 (ET) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.12x
Capex / Operating Cash Flow
Operating Cash Flow
$1.90 Billion
USD
Capital Expenditures
$2.12 Billion
USD
Data as of
Dec 2025
Most recent filing
Energy Transfer LP Capital Reinvestment Ratio (2004–2025)
This chart tracks Energy Transfer LP's Capital Reinvestment Ratio across 22 annual periods.
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 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow