Energy Transfer LP (ET)
TXSE: ET · Real-Time Price · USD
19.43
+0.34 (1.78%)
At close: Nov 10, 2026, 4:00 PM EST
19.35
-0.08 (-0.42%)
After-hours: Nov 10, 2026, 7:58 PM EST
Energy Transfer LP Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 5,472 | 4,429 | 4,810 | 3,932 | 4,752 | 6,687 |
Depreciation & Amortization | 6,248 | 5,682 | 5,165 | 4,385 | 4,164 | 3,817 |
Loss (Gain) From Sale of Assets | - | - | -586 | - | - | - |
Asset Writedown & Restructuring Costs | 279 | 285 | 52 | 12 | 386 | 21 |
Loss (Gain) on Equity Investments | -91 | -37 | -23 | -30 | -25 | -34 |
Stock-Based Compensation | 175 | 148 | 151 | 130 | 115 | 111 |
Other Operating Activities | 2,195 | 1,618 | 2,133 | 1,577 | 1,161 | 45 |
Change in Accounts Receivable | -6,390 | -46 | -760 | -176 | -840 | -3,318 |
Change in Inventory | -283 | -717 | -735 | 35 | -361 | -19 |
Change in Accounts Payable | 5,363 | -346 | 1,280 | -539 | 31 | 3,800 |
Change in Other Net Operating Assets | 601 | -867 | 19 | 229 | -332 | 52 |
Operating Cash Flow | 13,569 | 10,149 | 11,506 | 9,555 | 9,051 | 11,162 |
Operating Cash Flow Growth | 25.16% | -11.79% | 20.42% | 5.57% | -18.91% | 51.64% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -7,311 | -6,303 | -4,164 | -3,134 | -3,381 | -2,822 |
Sale of Property, Plant & Equipment | - | - | 987 | - | - | - |
Cash Acquisitions | -2,873 | -2,261 | -2,705 | -1,329 | -1,141 | -205 |
Divestitures | - | - | - | - | 302 | - |
Investment in Securities | 53 | 51 | -131 | 57 | 62 | 163 |
Other Investing Activities | 174 | 140 | 109 | 81 | 136 | 89 |
Investing Cash Flow | -9,957 | -8,373 | -5,904 | -4,325 | -4,022 | -2,775 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 32,870 | 34,150 | 32,130 | 28,838 | 21,267 |
Long-Term Debt Repaid | - | -28,052 | -30,158 | -31,416 | -29,681 | -27,318 |
Net Debt Issued (Repaid) | 1,641 | 4,818 | 3,992 | 714 | -843 | -6,051 |
Repurchase of Common Stock | - | - | - | - | - | -31 |
Preferred Dividends Paid | -251 | -252 | -378 | -468 | -422 | -280 |
Common Dividends Paid | -4,577 | -4,469 | -4,241 | -3,777 | -2,623 | -1,616 |
Dividends Paid | -4,828 | -4,721 | -4,619 | -4,245 | -3,045 | -1,896 |
Other Financing Activities | -2,173 | -1,886 | -1,358 | -1,795 | -1,220 | -1,329 |
Financing Cash Flow | -6,260 | -816 | -5,451 | -5,326 | -5,108 | -8,418 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -2,648 | 960 | 151 | -96 | -79 | -31 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 6,258 | 3,846 | 7,342 | 6,421 | 5,670 | 8,340 |
Free Cash Flow Growth | 24.83% | -47.62% | 14.34% | 13.25% | -32.01% | 273.82% |
Free Cash Flow Margin | 5.03% | 4.50% | 8.88% | 8.17% | 6.31% | 12.37% |
Free Cash Flow Per Share | 1.81 | 1.11 | 2.15 | 2.02 | 1.83 | 3.04 |
Levered Free Cash Flow | 3,030 | 2,209 | 5,693 | 4,407 | 3,308 | 5,243 |
Unlevered Free Cash Flow | 5,364 | 4,380 | 7,646 | 6,018 | 4,567 | 6,622 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 3,536 | 3,136 | 2,884 | 2,298 | 2,167 | 2,188 |
Cash Income Tax Paid | 103 | 103 | 206 | 103 | 54 | 41 |
Change in Working Capital | -709 | -1,976 | -196 | -451 | -1,502 | 515 |