Energy Transfer LP (ET) — Cash Flow Reinvestment Rate
Energy Transfer LP (ET) has a Cash Flow Reinvestment Rate of 1.12x as of December 2025, reinvesting $2.12 Billion (capex $2.12 Billion ) from operating cash flow of $1.90 Billion. See ET cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Energy Transfer LP Cash Flow Reinvestment Rate (2004–2025)
Historical reinvestment intensity for Energy Transfer LP across 22 annual periods. For the full cash flow conversion analysis, see how efficiently does Energy Transfer LP generate cash.
Annual Cash Flow Reinvestment Rate for Energy Transfer LP (2004–2025)
Year-by-year capital reinvestment analysis for Energy Transfer LP. See financial agility of Energy Transfer LP to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.62x | $6.30 Billion | $10.15 Billion | $6.30 Billion | ▼ -29.0% |
| 2024 | 0.88x | $10.07 Billion | $11.51 Billion | $4.16 Billion | ▲ +12.4% |
| 2023 | 0.78x | $7.44 Billion | $9.55 Billion | $3.13 Billion | ▲ +88.2% |
| 2022 | 0.41x | $3.75 Billion | $9.05 Billion | $3.38 Billion | ▲ +54.7% |
| 2021 | 0.27x | $2.98 Billion | $11.16 Billion | $2.82 Billion | ▼ -62.7% |
| 2020 | 0.72x | $5.28 Billion | $7.36 Billion | $5.13 Billion | ▼ -10.1% |
| 2019 | 0.80x | $6.38 Billion | $8.00 Billion | $5.96 Billion | ▼ -19.4% |
| 2018 | 0.99x | $7.43 Billion | $7.51 Billion | $7.41 Billion | ▼ -49.7% |
| 2017 | 1.97x | $8.71 Billion | $4.43 Billion | $8.44 Billion | ▼ -19.9% |
| 2016 | 2.46x | $8.16 Billion | $3.32 Billion | $8.09 Billion | ▼ -22.4% |
| 2015 | 3.17x | $9.43 Billion | $2.98 Billion | $9.39 Billion | ▲ +71.5% |
| 2014 | 1.85x | $5.86 Billion | $3.17 Billion | $5.38 Billion | ▲ +16.0% |
| 2013 | 1.59x | $3.85 Billion | $2.42 Billion | $3.50 Billion | ▼ -63.3% |
| 2012 | 4.34x | $4.68 Billion | $1.08 Billion | $3.27 Billion | ▲ +230.3% |
| 2011 | 1.31x | $1.81 Billion | $1.38 Billion | $1.81 Billion | ▼ -5.3% |
| 2010 | 1.39x | $1.51 Billion | $1.09 Billion | $1.51 Billion | ▲ +34.1% |
| 2009 | 1.03x | $748.62 Million | $723.46 Million | $748.62 Million | ▼ -42.4% |
| 2008 | 1.80x | $2.05 Billion | $1.14 Billion | $2.05 Billion | ▲ +23.6% |
| 2007 | 1.45x | $1.10 Billion | $754.50 Million | $1.10 Billion | ▼ -33.6% |
| 2006 | 2.19x | $680.16 Million | $310.78 Million | $680.16 Million | ▼ -57.5% |
| 2005 | 5.15x | $196.46 Million | $38.13 Million | $196.46 Million | ▲ +473.5% |
| 2004 | 0.90x | $109.69 Million | $122.10 Million | $109.69 Million | — |