Energy Transfer LP (ET) FCF Payout Ratio: 133.35%
Is Energy Transfer LP’s FCF payout ratio high or low?
Energy Transfer LP's FCF payout ratio of 133.35% is 76% above its 5-year average of 75.68%, near the high end of its 5-year range (22.76%–133.35%).
43.52% above its 12-month average of 92.91%.
ET FCF Payout Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
ET Average FCF Payout Ratio Chart
ET Current vs Average FCF Payout Ratio Chart
ET FCF Payout Ratio Metrics
FCF PAYOUT RATIO
133.35%
FCF PAYOUT RATIO AVG TTM
92.91%
FCF PAYOUT RATIO AVG 3Y
76.43%
FCF PAYOUT RATIO AVG 5Y
75.68%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+43.52%
CURRENT VS 3Y AVG
+74.47%
CURRENT VS 5Y AVG
+76.21%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Payout Ratio Comparison
FCF Payout Ratio
133.3%
Earnings Payout Ratio
98.2%
Dividend Yield
6.95%
FCF Yield
5.50%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.85B | $4.72B | 122.9% |
| 2024 | $7.34B | $4.62B | 63.0% |
| 2023 | $6.42B | $4.25B | 66.2% |
| 2022 | $5.67B | $3.05B | 53.7% |
| 2021 | $8.34B | $1.90B | 22.8% |
| 2020 | $2.23B | $2.80B | 125.6% |
| 2019 | $2.19B | $3.05B | 139.2% |
| 2018 | $99.00M | $1.68B | n/m |
| 2017 | ($4.01B) | $1.01B | N/A (Loss) |
| 2016 | ($4.67B) | $1.02B | N/A (Loss) |
| 2015 | ($6.32B) | $1.09B | N/A (Loss) |
| 2014 | ($2.21B) | $819.00M | N/A (Loss) |
| 2013 | ($1.09B) | $731.00M | N/A (Loss) |
| 2012 | ($2.19B) | $666.00M | N/A (Loss) |
| 2011 | ($433.54M) | $1.30B | N/A (Loss) |
| 2010 | ($423.10M) | $1.05B | N/A (Loss) |
| 2009 | ($25.16M) | $852.13M | N/A (Loss) |
| 2008 | ($1.23B) | $435.87M | N/A (Loss) |
| 2007 | ($342.17M) | $277.00M | N/A (Loss) |
| 2006 | ($369.38M) | $101.26M | N/A (Loss) |
| 2005 | ($140.01M) | $0 | N/A (Loss) |
| 2004 | $12.41M | $266.28M | n/m |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Energy Transfer LP FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Energy Transfer LP FCF Payout Ratio FAQ
- What is the FCF payout ratio for Energy Transfer LP (ET)?
- The FCF payout ratio for ET stock is 133.35%.
- Is Energy Transfer LP's FCF payout ratio high or low?
- Energy Transfer LP's FCF payout ratio of 133.35% is 76% above its 5-year average of 75.68%, near the high end of its 5-year range (22.76%–133.35%).
- What is the TTM average FCF payout ratio for Energy Transfer LP (ET)?
- The TTM average FCF payout ratio for ET stock is 92.91%.
- What is the 3Y average FCF payout ratio for Energy Transfer LP (ET)?
- The 3Y average FCF payout ratio for ET stock is 76.43%.
- What is the 5Y average FCF payout ratio for Energy Transfer LP (ET)?
- The 5Y average FCF payout ratio for ET stock is 75.68%.
Energy Transfer LP FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 122.85% |
| 2024-12-31 | 62.97% |
| 2023-12-31 | 66.16% |
| 2022-12-31 | 53.74% |
| 2021-12-31 | 22.76% |
| 2020-12-31 | 125.59% |
| 2019-12-31 | 139.20% |
About Energy Transfer LP
Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natural gas producers in Pennsylvania. In the NGL sector, Energy Transfer possesses approximately 5,215 miles of NGL pipelines, along with facilities for NGL and propane fractionation. Its NGL storage solutions include facilities with a working capacity of around 50 million barrels (MMBbls), supplemented by additional storage assets and terminals totaling about 17 MMBbls. The company is actively involved in the transportation, terminalling, acquisition, and marketing of crude oil, as well as the distribution of refined petroleum products like gasoline, middle distillates, and motor fuels. Complementing these primary operations, Energy Transfer offers specialized services such as natural gas compression, removal of carbon dioxide and hydrogen sulfide, natural gas cooling, dehydration, and British thermal unit (BTU) management. Furthermore, its operations extend to managing coal and other natural resource properties, selling standing timber, leasing coal-related infrastructure, collecting oil and gas royalties, and generating electrical power. Established in 1996 and headquartered in Dallas, Texas, the company officially adopted its current name, Energy Transfer LP, in October 2018, having previously been known as Energy Transfer Equity, L.P.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Marshall S. McCrea