Energy Transfer LP (ET) — Cash Flow Quality Index
Energy Transfer LP (ET) has a Cash Flow Quality Index of 1.53x as of December 2025. Operating cash flow of $1.90 Billion exceeds net income of $1.24 Billion, indicating high earnings quality where cash backs reported profits. Explore how well can Energy Transfer LP service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Energy Transfer LP Cash Flow Quality Index (2004–2025)
Historical Cash Flow Quality Index for Energy Transfer LP across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Energy Transfer LP cash flow conversion.
Annual Cash Flow Quality Index for Energy Transfer LP (2004–2025)
Year-by-year earnings quality comparison for Energy Transfer LP.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.78x | $10.15 Billion | $5.71 Billion | ▲ +1.4% |
| 2024 | 1.75x | $11.51 Billion | $6.57 Billion | ▼ -2.9% |
| 2023 | 1.80x | $9.55 Billion | $5.29 Billion | ▲ +17.0% |
| 2022 | 1.54x | $9.05 Billion | $5.87 Billion | ▼ -7.6% |
| 2021 | 1.67x | $11.16 Billion | $6.69 Billion | ▼ -96.8% |
| 2020 | 52.58x | $7.36 Billion | $140.00 Million | ▲ +3118.6% |
| 2019 | 1.63x | $8.00 Billion | $4.90 Billion | ▼ -25.6% |
| 2018 | 2.19x | $7.51 Billion | $3.42 Billion | ▲ +17.2% |
| 2017 | 1.87x | $4.43 Billion | $2.37 Billion | ▼ -97.7% |
| 2016 | 81.02x | $3.32 Billion | $41.00 Million | ▲ +2785.8% |
| 2015 | 2.81x | $2.98 Billion | $1.06 Billion | ▼ -0.6% |
| 2014 | 2.82x | $3.17 Billion | $1.12 Billion | ▼ -63.2% |
| 2013 | 7.68x | $2.42 Billion | $315.00 Million | ▲ +807.6% |
| 2012 | 0.85x | $1.08 Billion | $1.27 Billion | ▼ -67.6% |
| 2011 | 2.61x | $1.38 Billion | $528.00 Million | ▼ -19.2% |
| 2010 | 3.23x | $1.09 Billion | $337.00 Million | ▲ +211.4% |
| 2009 | 1.04x | $723.46 Million | $697.87 Million | ▼ -38.4% |
| 2008 | 1.68x | $1.14 Billion | $679.75 Million | ▼ -28.8% |
| 2007 | 2.36x | $754.50 Million | $319.36 Million | ▼ -18.6% |
| 2006 | 2.90x | $310.78 Million | $107.14 Million | ▲ +1016.3% |
| 2005 | 0.26x | $38.13 Million | $146.75 Million | ▼ -4.2% |
| 2004 | 0.27x | $122.10 Million | $450.22 Million | — |