Energy Transfer LP (ET) — Financial Flexibility Index
Energy Transfer LP (ET) has a Financial Flexibility Index of 0.04x as of December 2025. Free cash flow of $4.02 Billion (operating CF $1.90 Billion minus capex $2.12 Billion) represents 0% of total liabilities ($92.48 Billion). Check Energy Transfer LP (ET) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Energy Transfer LP Financial Flexibility Index (2004–2025)
Historical Financial Flexibility Index trend for Energy Transfer LP across 22 annual periods. For the full cash flow conversion analysis, see ET cash generation efficiency.
Annual Financial Flexibility Index for Energy Transfer LP (2004–2025)
Year-by-year free cash flow to debt coverage for Energy Transfer LP. Explore ET operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.18x | $16.45 Billion | $10.15 Billion | $92.48 Billion | ▼ -10.4% |
| 2024 | 0.20x | $15.67 Billion | $11.51 Billion | $78.95 Billion | ▲ +7.9% |
| 2023 | 0.18x | $12.69 Billion | $9.55 Billion | $68.98 Billion | ▼ -4.6% |
| 2022 | 0.19x | $12.43 Billion | $9.05 Billion | $64.49 Billion | ▼ -9.2% |
| 2021 | 0.21x | $13.98 Billion | $11.16 Billion | $65.83 Billion | ▲ +7.1% |
| 2020 | 0.20x | $12.49 Billion | $7.36 Billion | $62.99 Billion | ▼ -8.7% |
| 2019 | 0.22x | $13.96 Billion | $8.00 Billion | $64.30 Billion | ▼ -17.1% |
| 2018 | 0.26x | $14.91 Billion | $7.51 Billion | $56.90 Billion | ▲ +14.5% |
| 2017 | 0.23x | $12.87 Billion | $4.43 Billion | $56.24 Billion | ▲ +13.3% |
| 2016 | 0.20x | $11.41 Billion | $3.32 Billion | $56.48 Billion | ▼ -22.2% |
| 2015 | 0.26x | $12.37 Billion | $2.98 Billion | $47.58 Billion | ▲ +28.0% |
| 2014 | 0.20x | $8.56 Billion | $3.17 Billion | $42.14 Billion | ▲ +16.6% |
| 2013 | 0.17x | $5.92 Billion | $2.42 Billion | $34.02 Billion | ▲ +30.3% |
| 2012 | 0.13x | $4.35 Billion | $1.08 Billion | $32.55 Billion | ▼ -43.4% |
| 2011 | 0.24x | $3.19 Billion | $1.38 Billion | $13.51 Billion | ▲ +1.1% |
| 2010 | 0.23x | $2.60 Billion | $1.09 Billion | $11.13 Billion | ▲ +41.7% |
| 2009 | 0.16x | $1.47 Billion | $723.46 Million | $8.94 Billion | ▼ -55.1% |
| 2008 | 0.37x | $3.20 Billion | $1.14 Billion | $8.73 Billion | ▲ +25.6% |
| 2007 | 0.29x | $1.85 Billion | $754.50 Million | $6.35 Billion | ▲ +30.6% |
| 2006 | 0.22x | $990.95 Million | $310.78 Million | $4.44 Billion | ▲ +260.9% |
| 2005 | 0.06x | $234.59 Million | $38.13 Million | $3.79 Billion | ▼ -54.8% |
| 2004 | 0.14x | $231.79 Million | $122.10 Million | $1.69 Billion | — |