Energy Transfer LP (ET) — Free Cash Flow Generation Index
Energy Transfer LP (ET) has a Free Cash Flow Generation Index of -0.12x as of December 2025. Free cash flow of $-225.00 Million represents 0% of operating cash flow ($1.90 Billion). See working capital to net assets of Energy Transfer LP to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Energy Transfer LP Free Cash Flow Generation Index (2004–2025)
Historical FCF Generation Index trend for Energy Transfer LP across 22 annual periods. Explore ET cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Energy Transfer LP (2004–2025)
Year-by-year Free Cash Flow Generation Index for Energy Transfer LP. For the full company profile including market capitalisation, see Energy Transfer LP (ET) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.38x | $3.85 Billion | $10.15 Billion | $6.30 Billion | ▼ -40.6% |
| 2024 | 0.64x | $7.34 Billion | $11.51 Billion | $4.16 Billion | ▼ -5.0% |
| 2023 | 0.67x | $6.42 Billion | $9.55 Billion | $3.13 Billion | ▲ +7.3% |
| 2022 | 0.63x | $5.67 Billion | $9.05 Billion | $3.38 Billion | ▼ -16.2% |
| 2021 | 0.75x | $8.34 Billion | $11.16 Billion | $2.82 Billion | ▲ +146.5% |
| 2020 | 0.30x | $2.23 Billion | $7.36 Billion | $5.13 Billion | ▲ +18.7% |
| 2019 | 0.26x | $2.04 Billion | $8.00 Billion | $5.96 Billion | ▲ +1835.5% |
| 2018 | 0.01x | $99.00 Million | $7.51 Billion | $7.41 Billion | ▲ +101.5% |
| 2017 | -0.91x | $-4.01 Billion | $4.43 Billion | $8.44 Billion | ▲ +35.6% |
| 2016 | -1.41x | $-4.67 Billion | $3.32 Billion | $8.09 Billion | ▲ +33.6% |
| 2015 | -2.12x | $-6.32 Billion | $2.98 Billion | $9.39 Billion | ▼ -205.2% |
| 2014 | -0.69x | $-2.21 Billion | $3.17 Billion | $5.38 Billion | ▼ -54.8% |
| 2013 | -0.45x | $-1.09 Billion | $2.42 Billion | $3.50 Billion | ▲ +77.9% |
| 2012 | -2.03x | $-2.19 Billion | $1.08 Billion | $3.27 Billion | ▼ -546.6% |
| 2011 | -0.31x | $-433.54 Million | $1.38 Billion | $1.81 Billion | ▲ +19.1% |
| 2010 | -0.39x | $-423.10 Million | $1.09 Billion | $1.51 Billion | ▼ -1018.2% |
| 2009 | -0.03x | $-25.16 Million | $723.46 Million | $748.62 Million | ▲ +96.8% |
| 2008 | -1.08x | $-1.23 Billion | $1.14 Billion | $2.05 Billion | ▼ -137.3% |
| 2007 | -0.45x | $-342.17 Million | $754.50 Million | $1.10 Billion | ▲ +61.8% |
| 2006 | -1.19x | $-369.38 Million | $310.78 Million | $680.16 Million | ▲ +67.6% |
| 2005 | -3.67x | $-140.01 Million | $38.13 Million | $196.46 Million | ▼ -3712.3% |
| 2004 | 0.10x | $12.41 Million | $122.10 Million | $109.69 Million | — |