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). Read ET total debt and obligations for a breakdown of total debt and financial obligations.
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 Energy Transfer LP capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 ET stock 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 | — |