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Energy Transfer ET Free cash flow margin

Free cash flow margin at other companies

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16%-13.4pp
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OneokOKE
6.4%-5.9pp
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6.3%-1.4pp
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4.8%-3.1pp
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NGL Energy PartnersNGL
4.6%+3.1pp
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Kinder MorganKMI
17.6%+0.5pp

Other financials

Income statement

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Revenue$34.3B+78.4%
Gross profit$7.4B+39.7%
Operating income$3.6B+54.8%
Net income$2.1B+79.5%
EPS (diluted)$0.59+84.4%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$70.0B+13.7%
Total assets$148.17B+18.5%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$70.06B+14.8%
P/E13.3×+0.4×
P/S0.7×-0.1×

Profitability

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Gross margin23.6%-2.8pp
Operating margin10%-1.4pp
Net margin4.9%-1.0pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Calculated from Energy Transfer’s reported figures.

Based on trailing twelve months.

The source filing: Energy Transfer’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 4:27 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001276187-26-000026

FAQ

What is Energy Transfer's free cash flow margin?
Energy Transfer (ET) reported free cash flow margin of 4.2% in Q1 2026.
How has Energy Transfer's free cash flow margin changed year-over-year?
Energy Transfer's free cash flow margin decreased by 43.6% year-over-year, from 7.4% to 4.2%.
What is the long-term trend for Energy Transfer's free cash flow margin?
Over 5 years (2020 to 2025), Energy Transfer's free cash flow margin has grown at a -3.6% compound annual growth rate (CAGR), from 5.7% to 4.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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