ENERGY TRANSFER LP (ET) FY2026 Q1 Statement of Cash Flows
2026-01-01 to 2026-03-31
Statement of Cash Flows
2026-01-01 to 2026-03-31
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Chart details
ENERGY TRANSFER LP cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026
Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 1,272,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 3,378,000,000 US dollars. Net cash provided.
- Equity in earnings of unconsolidated affiliates
- negative 110,000,000 US dollars
- Distributions on unvested awards
- negative 13,000,000 US dollars
- Non-cash compensation expense
- 42,000,000 US dollars
- Distributions from unconsolidated affiliates
- 39,000,000 US dollars
- Losses on extinguishments of debt
- 7,000,000 US dollars
- Net income
- 1,976,000,000 US dollars
- Impairment loss
- 0 US dollars
- Deferred income tax expense (benefit)
- 93,000,000 US dollars
- Net change in operating assets and liabilities, net of effects of acquisitions
- 216,000,000 US dollars
- Depreciation, depletion and amortization
- 1,583,000,000 US dollars
- Inventory valuation adjustments
- negative 444,000,000 US dollars
- Other non-cash
- negative 11,000,000 US dollars
- Investing activities
- negative 2,534,000,000 US dollars. Net cash used.
- Cash paid for acquisition, net of cash received - JW Power
- negative 445,000,000 US dollars
- Cash paid for acquisition, net of cash received - Other acquisitions
- negative 50,000,000 US dollars
- Cash paid for acquisition, net of cash received - TanQuid
- negative 194,000,000 US dollars
- Capital expenditures, excluding allowance for equity funds used during construction
- negative 1,916,000,000 US dollars
- Contributions in aid of construction costs
- 19,000,000 US dollars
- Contributions to unconsolidated affiliates
- negative 22,000,000 US dollars
- Distributions from unconsolidated affiliates in excess of cumulative earnings
- 39,000,000 US dollars
- Other, net
- 35,000,000 US dollars
- Financing activities
- negative 1,165,000,000 US dollars. Net cash used.
- Repayments of debt
- negative 11,616,000,000 US dollars
- Distributions to redeemable noncontrolling interests
- negative 7,000,000 US dollars
- Debt issuance costs
- negative 48,000,000 US dollars
- Capital contributions from noncontrolling interests
- 1,000,000 US dollars
- Distributions to partners
- negative 1,168,000,000 US dollars
- Proceeds from borrowings
- 12,216,000,000 US dollars
- Distributions to noncontrolling interests
- negative 545,000,000 US dollars
- Capital contributions from redeemable noncontrolling interests
- 2,000,000 US dollars
- Operating adjustment reconciliation
- 1,980,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 13,384,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 2,627,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Mar 31, 2026
- 951,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 4,650,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 321,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.71×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 3,378,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- cash spent on productive assets
- 1,916,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 1,462,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.40B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 3,378,000,000 US dollars minus 1,916,000,000 US dollars equals 1,462,000,000 US dollars.
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