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). Explore Energy Transfer LP (ET) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see ET cash generation efficiency.
Annual Free Cash Flow Generation for Energy Transfer LP (2004–2025)
Year-by-year Free Cash Flow Generation Index for Energy Transfer LP. Check Energy Transfer LP (ET) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |