Energy Transfer LP
-4.5 %
32.6 %
Yet to be announced
Company Overview
Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
Revenue Sources
PassEnergy Transfer's revenue primarily comes from midstream energy operations, including transportation, storage, and processing of natural gas, crude oil, and NGLs. These are permissible business activities as they involve the handling of real commodities and provide essential services in the energy supply chain. The company's revenue is derived from legitimate business operations involving actual asset exchanges and value creation, not from prohibited activities.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $20.77b | $19.42b | - | $828.0m | 0.00% | 4.26% |
June 30, 2024 | $20.73b | $18.6b | - | $768.0m | 0.00% | 4.13% |
March 31, 2024 | $21.63b | $19.98b | - | $733.0m | 0.00% | 3.67% |
Dec. 31, 2023 | $20.53b | $20.14b | - | $1.15b | 0.00% | 5.69% |
Based on the financial data from the last four quarters, Energy Transfer's interest expense ratios were consistently material, ranging from approximately 3.7% to 5.7% of total expenses. This level of interest expense indicates that interest-bearing debt plays a significant role in the company's capital structure and operations.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in North America, and there are no documented material ties to Israel or the Chinese Communist Party.
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