The ecosystem receives high-quality free energy and releases increasingly dispersed energy, principally as heat.

Therefore the corrected ecological principle is:

Matter cycles; usable free energy flows and dissipates.

Energy flow is directional through ecosystems, while biological elements are repeatedly recycled through biogeochemical systems. (OpenStax)

Operational definition

Governing ecosystem principle.

The one-way progression by which relatively concentrated, usable free-energy inputs enter living systems, undergo successive transformations and transfers, and become increasingly dispersed in lower-capacity forms, principally environmental heat.

This does not mean energy is destroyed. It means:

total energy is conserved

while:

capacity to perform useful work declines

Thus the authoritative ecological formulation is:

matter cycles; usable free energy flows and dissipates

Gross production, respiration, net production, trophic transfer, and ecosystem respiration quantify successive parts of this system-level flow. (OpenStax)