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Energy Transfer ET Free cash flow

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Other financials

Income statement

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Revenue$27.8B+32.1%
Gross profit$6.6B+21.5%
Operating income$3.0B+19.8%
Net income$1.3B-5.2%
EPS (diluted)$0.35-2.8%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$71.1B+17.3%
Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%

Valuation

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Market cap$66B+7.7%
Enterprise value$136.16B+12.1%
P/E15.1×+2.6×
P/S0.7×0.0×

Profitability

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Gross margin25.2%-0.6pp
Operating margin10.3%-1.0pp
Net margin4.7%-1.2pp
FCF margin4.2%-3.2pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Calculated from Energy Transfer’s reported figures.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's free cash flow?
Energy Transfer (ET) reported free cash flow of $1.46B in Q1 2026.
How has Energy Transfer's free cash flow changed year-over-year?
Energy Transfer's free cash flow decreased by 13.6% year-over-year, from $1.69B to $1.46B.
What is the long-term trend for Energy Transfer's free cash flow?
Over 4 years (2021 to 2025), Energy Transfer's free cash flow has grown at a -16.4% compound annual growth rate (CAGR), from $8.34B to $4.07B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.