ET

Energy Transfer LP

Halal Rating :
Uncomfortable
Last Price $19.9
Market Cap $68.24b
1D Change

-4.5 %

1 Year Change

32.6 %

Next Earnings Date

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

Pass

Energy 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

Pass

Based 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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