Energy Transfer LP Cash Flow Reinvestment Rate
Energy Transfer LP 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 Energy Transfer LP leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of Energy Transfer LP (2004–2025)
Cash flow reinvestment rate of Energy Transfer LP from 2004 to 2025. Historical reinvestment intensity for Energy Transfer LP across 22 annual periods. Explore Energy Transfer LP debt service capacity to assess how comfortably operating cash covers total debt obligations.
Energy Transfer LP Cash Flow Reinvestment Rate by Year (2004–2025)
Energy Transfer LP cash flow reinvestment rate by year from 2004 to 2025. Year-by-year capital reinvestment analysis for Energy Transfer LP. For the full cash flow conversion analysis, see ET cash flow conversion.
| 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 | — |