TTM
4.1%
YoY change
−4.23pp
Trough year (2015)
-15.0%
Peak year (2021)
12.4%
Latest annual
4.7%
FCF Margin history chart for Energy Transfer LP (ET) from 2004 to 2025
Latest: 4.7%
FCF Margin change chart for Energy Transfer LP (ET) from 2004 to 2025
Latest: −4.23pp
FCF Margin history table for Energy Transfer LP (ET) from 2004 to 2025
| 2025 | 4.7% | -4.23pp | ||
| 2024 | 8.9% | +0.71pp | ||
| 2023 | 8.2% | +1.86pp | ||
| 2022 | 6.3% | -6.06pp | ||
| 2021 | 12.4% | +6.64pp | ||
| 2020 | 5.7% | +1.68pp | ||
| 2019 | 4.0% | +3.86pp | ||
| 2018 | 0.2% | +10.09pp | ||
| 2017 | -9.9% | +2.56pp | ||
| 2016 | -12.5% | +2.53pp | ||
| 2015 | -15.0% | -11.04pp | ||
| 2014 | -4.0% | -1.71pp | ||
| 2013 | -2.2% | +10.68pp | ||
| 2012 | -12.9% | -7.67pp | ||
| 2011 | -5.3% | +1.15pp | ||
| 2010 | -6.4% | -5.95pp | ||
| 2009 | -0.5% | +12.78pp | ||
| 2008 | -13.2% | -8.21pp | ||
| 2007 | -5.0% | -0.34pp | ||
| 2006 | -4.7% | -2.43pp | ||
| 2005 | -2.3% | -2.80pp | ||
| 2004 | 0.5% | — |
- 20254.7%-4.23pp
- 20248.9%+0.71pp
- 20238.2%+1.86pp
- 20226.3%-6.06pp
- 202112.4%+6.64pp
- 20205.7%+1.68pp
- 20194.0%+3.86pp
- 20180.2%+10.09pp
- 2017-9.9%+2.56pp
- 2016-12.5%+2.53pp
- 2015-15.0%-11.04pp
- 2014-4.0%-1.71pp
- 2013-2.2%+10.68pp
- 2012-12.9%-7.67pp
- 2011-5.3%+1.15pp
- 2010-6.4%-5.95pp
- 2009-0.5%+12.78pp
- 2008-13.2%-8.21pp
- 2007-5.0%-0.34pp
- 2006-4.7%-2.43pp
- 2005-2.3%-2.80pp
- 20040.5%—
FCF Margin values are taken from Energy Transfer LP's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Energy Transfer LP (ET)
According to Energy Transfer LP's latest reported financial statements, the company's latest reported free cash flow margin is 4.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Energy Transfer LP (ET) reported free cash flow margin of 4.65% – contracted 4.2 percentage points year-over-year.
The record annual free cash flow margin stands at 12.37%, reached in 2021; the historical low of -15.00% was recorded in 2015.
Energy Transfer LP FCF Margin by Year
Energy Transfer LP FCF Margin 2025: 4.7%
Energy Transfer LP free cash flow margin in 2025 was 4.65%, contracted 4.2 percentage points from 2024.
Energy Transfer LP FCF Margin 2024: 8.9%
2024's free cash flow margin for Energy Transfer LP came in at 8.88%, expanded 0.7 percentage points from 2023.
Energy Transfer LP FCF Margin 2023: 8.2%
Energy Transfer LP posted free cash flow margin of 8.17% in 2023, expanded 1.9 percentage points from 2022.
Energy Transfer LP FCF Margin 2022: 6.3%
In 2022, Energy Transfer LP reported free cash flow margin of 6.31%, contracted 6.1 percentage points from 2021.
Energy Transfer LP FCF Margin 2021: 12.4%
Energy Transfer LP free cash flow margin in 2021 was 12.37%.
See more financial history for Energy Transfer LP (ET).
Sector peers by FCF Margin
Energy peers of Energy Transfer LP (ET), ranked by their latest free cash flow margin
Frequently asked questions
Energy Transfer LP (ET) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation