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Energy Transfer (ET) Financials

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$17.11 +0.13 (+0.77%)
Closing price 04/23/2025 03:59 PM Eastern
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$17.16 +0.05 (+0.26%)
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Annual Income Statements for Energy Transfer

Annual Income Statements for Energy Transfer

This table shows Energy Transfer's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
1,189 995 954 1,749 3,518 -648 5,179 4,334 3,472 4,398
Consolidated Net Income / (Loss)
1,061 0.00 2,366 3,420 4,825 140 6,687 5,868 5,294 6,565
Net Income / (Loss) Continuing Operations
1,023 462 2,543 3,685 59,038 140 6,402 5,868 5,294 6,565
Total Pre-Tax Income
900 204 710 3,689 59,233 377 6,871 6,072 5,597 7,106
Total Operating Income
2,287 1,851 2,721 5,403 7,203 2,980 8,792 7,738 8,295 9,138
Total Gross Profit
7,428 8,099 9,557 12,484 68,625 13,467 17,022 17,644 18,045 20,696
Total Revenue
36,096 31,792 40,523 54,087 108,426 38,954 67,417 89,876 78,586 82,671
Operating Revenue
31,505 31,792 40,523 54,087 108,426 38,954 67,417 89,876 78,586 82,671
Total Cost of Revenue
28,668 23,693 30,966 41,603 39,801 25,487 50,395 72,232 60,541 61,975
Operating Cost of Revenue
28,668 23,693 30,966 41,603 39,801 25,487 50,395 72,232 60,541 61,975
Total Operating Expenses
5,141 6,248 6,836 7,081 7,209 10,487 8,230 9,906 10,377 10,972
Selling, General & Admin Expense
2,851 2,992 3,243 3,791 3,988 3,929 4,392 5,356 5,353 6,341
Depreciation Expense
1,951 2,216 2,554 2,859 3,147 3,678 3,817 4,164 4,385 5,165
Impairment Charge
339 1,040 1,039 431 74 2,880 21 386 12 52
Other Special Charges / (Income)
- - - - - - 0.00 0.00 627 -586
Total Other Income / (Expense), net
-1,387 -1,647 -2,011 -1,714 -2,183 -2,603 -2,206 -1,666 -2,071 -2,618
Interest Expense
1,665 1,804 2,011 2,167 2,349 2,402 2,590 2,306 2,576 3,137
Interest & Investment Income
276 -38 -169 344 302 -10 246 257 383 379
Other Income / (Expense), net
2.00 195 169 109 -136 -191 138 383 122 140
Income Tax Expense
-123 -258 -1,833 4.00 195 237 184 204 303 541
Preferred Stock Dividends Declared
- - - - 0.00 - - 0.00 0.00 54
Net Income / (Loss) Attributable to Noncontrolling Interest
-128 -995 1,412 1,671 1,307 788 1,217 1,112 1,359 1,751
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
- - - - - - - 422 463 362
Basic Earnings per Share
$1.11 $0.94 $0.85 $1.20 - - $1.89 $1.40 $1.10 $1.29
Weighted Average Basic Shares Outstanding
1.06B 1.08B 1.15B 1.21 2.69B 2.70B 3.08B 3.09B 3.37B 3.43B
Diluted Earnings per Share
$1.11 $0.92 $0.83 $2.39 - - $1.89 $1.40 $1.09 $1.28
Weighted Average Diluted Shares Outstanding
1.06B 1.08B 1.15B 1.46B 2.69B 2.70B 3.08B 3.09B 3.37B 3.43B
Weighted Average Basic & Diluted Shares Outstanding
1.06B 1.08B 1.15B 1.46B 2.69B 2.70B 3.08B 3.09B 3.37B 3.43B
Cash Dividends to Common per Share
- $1.14 $1.17 $1.22 $1.22 $0.92 $0.63 $1.00 $1.25 $1.29

Quarterly Income Statements for Energy Transfer

This table shows Energy Transfer's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
1,006 4,907 1,005 797 466 1,204 1,091 1,182 1,115 1,010
Consolidated Net Income / (Loss)
1,322 1,437 1,447 1,233 1,047 1,567 1,692 1,992 1,434 1,447
Net Income / (Loss) Continuing Operations
1,322 5,625 1,447 1,233 1,047 1,567 1,692 1,992 1,434 1,447
Total Pre-Tax Income
1,404 5,670 1,518 1,341 1,124 1,614 1,781 2,219 1,523 1,583
Total Operating Income
1,973 1,806 2,062 1,835 2,233 2,165 2,380 2,298 2,181 2,279
Total Gross Profit
4,423 8,791 4,385 4,228 4,680 4,752 5,032 5,120 5,160 5,384
Total Revenue
22,939 40,992 18,995 18,320 20,739 20,532 21,629 20,729 20,772 19,541
Operating Revenue
22,939 - 18,995 18,320 20,739 20,532 21,629 20,729 20,772 19,541
Total Cost of Revenue
18,516 32,201 14,610 14,092 16,059 15,780 16,597 15,609 15,612 14,157
Operating Cost of Revenue
18,516 - 14,610 14,092 16,059 15,780 16,597 15,609 15,612 14,157
Total Operating Expenses
2,450 2,932 2,323 2,393 3,072 2,589 2,652 2,224 2,979 3,117
Selling, General & Admin Expense
1,334 1,572 1,263 1,322 1,339 1,429 1,398 1,559 1,655 1,729
Depreciation Expense
1,030 1,060 1,059 1,061 1,107 1,158 1,254 1,213 1,324 1,374
Impairment Charge
86 - 1.00 10 1.00 - 0.00 50 0.00 2.00
Total Other Income / (Expense), net
-569 -189 -544 -494 -484 -549 -599 -677 -658 -684
Interest Expense
577 592 619 641 632 684 733 768 828 808
Interest & Investment Income
68 71 88 95 103 97 98 85 102 94
Other Income / (Expense), net
-60 - -13 52 45 38 36 6.00 68 30
Income Tax Expense
82 45 71 108 77 47 89 227 89 136
Preferred Stock Dividends Declared
- - 109 0.00 0.00 -109 150 33 0.00 -129
Net Income / (Loss) Attributable to Noncontrolling Interest
316 295 334 322 463 240 452 678 251 370
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
- - -1.00 114 118 232 -1.00 99 68 196
Basic Earnings per Share
$0.29 $0.33 $0.32 $0.25 $0.15 $0.38 $0.32 $0.35 $0.33 $0.29
Weighted Average Basic Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B
Diluted Earnings per Share
$0.29 $0.35 $0.32 $0.25 $0.15 $0.37 $0.32 $0.35 $0.32 $0.29
Weighted Average Diluted Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B
Weighted Average Basic & Diluted Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B

Annual Cash Flow Statements for Energy Transfer

This table details how cash moves in and out of Energy Transfer's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-254 -118 -131 83 -128 76 -31 -79 -96 151
Net Cash From Operating Activities
2,979 3,322 4,429 7,506 8,056 7,361 11,162 9,051 9,555 11,506
Net Cash From Continuing Operating Activities
2,979 3,322 4,429 7,506 8,056 7,361 11,162 9,051 9,555 11,506
Net Income / (Loss) Continuing Operations
1,023 462 2,543 3,685 4,825 140 6,687 5,868 5,294 6,565
Consolidated Net Income / (Loss)
1,061 0.00 2,366 3,420 4,825 140 6,687 5,868 5,294 6,565
Depreciation Expense
1,951 2,216 2,554 2,859 3,147 3,678 3,817 4,164 4,385 5,165
Non-Cash Adjustments To Reconcile Net Income
659 1,000 1,395 735 258 3,286 2.00 334 124 -304
Changes in Operating Assets and Liabilities, net
-633 -356 -2,063 227 -174 257 656 -1,315 -248 80
Net Cash From Investing Activities
-9,735 -8,982 -5,046 -7,075 -6,934 -4,898 -2,775 -4,022 -4,325 -5,904
Net Cash From Continuing Investing Activities
-9,735 -6,846 -5,606 -7,075 -6,934 -4,898 -2,775 -4,022 -4,325 -5,904
Purchase of Property, Plant & Equipment
-9,073 -7,771 -8,444 -7,407 -5,960 -5,130 -2,822 -3,381 -3,134 -4,164
Acquisitions
-906 -1,398 -583 -429 -794 0.00 -205 -1,141 -1,329 -2,732
Purchase of Investments
- - - - - -38 -4.00 0.00 -6.00 -206
Divestitures
14 35 3,526 548 54 19 45 380 38 1,038
Sale and/or Maturity of Investments
- 135 135 69 -425 187 167 62 63 75
Other Investing Activities, net
230 17 -240 144 191 64 44 58 43 85
Net Cash From Financing Activities
6,785 5,927 953 -3,082 -1,250 -2,387 -8,418 -5,108 -5,326 -5,451
Net Cash From Continuing Financing Activities
6,785 5,927 953 -3,082 -1,250 -2,387 -8,418 -5,108 -5,326 -5,451
Repayment of Debt
-19,911 -19,131 -31,654 -29,285 -20,232 -24,192 -27,332 -29,708 -31,461 -30,305
Repurchase of Preferred Equity
- 0.00 -53 - - - - 0.00 0.00 -3,466
Payment of Dividends
-2,584 -3,552 -2,757 -4,176 -4,356 -4,280 -3,208 -4,643 -5,998 -6,468
Issuance of Debt
26,455 26,051 31,614 29,001 22,583 24,505 21,264 28,838 32,130 34,150
Issuance of Common Equity
0.00 0.00 568 - - - - 405 3.00 638

Quarterly Cash Flow Statements for Energy Transfer

This table details how cash moves in and out of Energy Transfer's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-27 -69 73 - 184 -353 1,785 -1,296 -351 13
Net Cash From Operating Activities
2,989 1,338 3,350 2,536 2,373 1,296 3,772 2,270 2,874 2,590
Net Cash From Continuing Operating Activities
2,989 1,338 3,350 2,536 2,373 1,296 3,772 2,270 2,874 2,590
Net Income / (Loss) Continuing Operations
1,322 1,437 1,447 1,233 1,047 1,567 1,692 1,992 1,434 1,447
Consolidated Net Income / (Loss)
1,322 1,437 1,447 1,233 1,047 1,567 1,692 1,992 1,434 1,447
Depreciation Expense
1,030 1,060 1,059 1,061 1,107 1,158 1,254 1,213 1,324 1,374
Non-Cash Adjustments To Reconcile Net Income
67 102 -10 75 -129 188 -114 -470 236 44
Changes in Operating Assets and Liabilities, net
570 -1,261 854 167 348 -1,617 940 -465 -120 -275
Net Cash From Investing Activities
-1,123 -945 -803 -1,888 -670 -964 -1,196 45 -3,284 -1,469
Net Cash From Continuing Investing Activities
-1,123 -945 -803 -1,888 -670 -964 -1,196 45 -3,284 -1,469
Purchase of Property, Plant & Equipment
-1,035 -888 -853 -876 -701 -704 -795 -811 -1,086 -1,472
Acquisitions
-473 -79 0.00 -1,041 - -288 -449 -39 -2,198 -46
Divestitures
- 78 - - - 38 - - - 21
Sale and/or Maturity of Investments
20 -4.00 30 -3.00 18 18 23 55 -18 15
Other Investing Activities, net
15 8.00 16 13 5.00 9.00 23 -178 13 227
Net Cash From Financing Activities
-1,893 -462 -2,474 -648 -1,519 -685 -791 -3,611 59 -1,108
Net Cash From Continuing Financing Activities
-1,893 -462 -2,474 -648 -1,519 -685 -791 -3,611 59 -1,108
Repayment of Debt
-8,290 -8,590 -8,605 -6,951 -7,549 -8,356 -7,066 -11,406 -4,764 -7,069
Payment of Dividends
-1,212 -1,311 -1,454 -1,527 -1,470 -1,547 -1,571 -1,715 -1,575 -1,607
Issuance of Debt
7,602 9,438 7,582 7,830 7,500 9,218 8,141 12,044 6,398 7,567
Issuance of Common Equity
7.00 1.00 3.00 - - - 637 - - 1.00

Annual Balance Sheets for Energy Transfer

This table presents Energy Transfer's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
71,189 78,925 86,246 88,246 98,973 95,144 105,963 105,643 113,698 125,380
Total Current Assets
5,410 6,899 10,683 6,750 7,464 6,317 10,537 12,081 12,433 14,202
Cash & Equivalents
606 467 336 419 291 367 336 257 161 312
Short-Term Investments
46 21 24 111 23 9.00 10 10 66 9.00
Accounts Receivable
2,519 3,604 4,557 4,120 5,197 3,954 7,708 8,559 9,148 10,278
Inventories, net
1,636 2,055 2,022 1,677 1,532 1,739 2,014 2,461 2,478 3,070
Current Deferred & Refundable Income Taxes
- 128 136 73 146 35 32 68 67 56
Other Current Assets
603 447 295 350 275 213 437 726 513 477
Plant, Property, & Equipment, net
48,683 53,578 61,088 66,963 74,193 75,107 81,607 80,311 85,351 95,212
Plant, Property & Equipment, gross
54,979 61,562 71,177 79,776 89,790 94,115 103,991 105,996 114,932 129,242
Accumulated Depreciation
6,296 7,984 10,089 12,813 15,597 19,008 22,384 25,685 29,581 34,030
Total Noncurrent Assets
17,096 18,448 14,475 14,533 17,316 13,720 13,819 13,251 15,914 15,966
Long-Term Investments
3,462 3,040 2,705 2,642 3,460 3,060 2,947 2,893 3,097 3,266
Goodwill
7,473 5,670 4,768 4,885 5,167 2,391 2,533 2,566 4,019 3,903
Intangible Assets
5,431 5,512 6,116 6,000 6,154 5,746 5,856 5,415 6,239 5,971
Other Noncurrent Operating Assets
730 815 886 1,006 2,535 2,523 2,483 2,377 2,559 2,826
Total Liabilities & Shareholders' Equity
71,189 78,925 86,246 88,246 98,973 95,144 105,963 105,643 113,698 125,380
Total Liabilities
47,558 56,461 56,266 56,897 65,035 62,994 65,835 64,491 68,981 78,946
Total Current Liabilities
4,910 7,277 7,897 9,310 7,724 5,923 10,835 10,368 11,277 12,656
Short-Term Debt
131 1,194 413 2,655 26 21 680 2.00 1,008 8.00
Accounts Payable
2,302 3,544 4,716 3,552 4,149 2,836 6,834 6,952 6,684 8,325
Other Current Liabilities
2,477 2,539 2,693 3,103 3,549 3,066 3,321 3,397 3,585 4,323
Total Noncurrent Liabilities
42,648 49,184 48,369 47,587 57,311 57,071 55,000 54,123 57,704 66,290
Long-Term Debt
36,837 42,858 43,671 43,373 51,028 51,417 49,022 48,260 51,380 59,752
Noncurrent Deferred & Payable Income Tax Liabilities
4,590 5,112 3,315 2,926 3,208 3,428 3,648 3,701 3,931 4,190
Other Noncurrent Operating Liabilities
1,221 1,166 1,383 1,288 3,075 2,226 2,330 2,162 2,393 2,348
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
33 33 - 499 - 762 783 493 778 417
Total Equity & Noncontrolling Interests
23,598 22,431 29,980 30,850 33,938 31,388 39,345 40,659 43,939 46,017
Total Preferred & Common Equity
-932 -1,694 -1,196 20,559 21,920 18,529 31,300 33,025 36,682 35,118
Total Common Equity
-932 -1,694 -1,196 20,559 21,920 18,529 31,300 33,025 36,682 35,118
Common Stock
-932 -1,694 -1,196 20,601 21,931 18,523 31,277 33,009 36,654 35,045
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 -42 -11 6.00 23 16 28 73
Noncontrolling Interest
24,530 24,125 31,176 10,291 12,018 12,859 8,045 7,634 7,257 10,899

Quarterly Balance Sheets for Energy Transfer

This table presents Energy Transfer's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
105,735 104,521 105,132 107,571 115,789 121,339 124,429
Total Current Assets
12,159 11,370 10,598 13,423 15,018 13,406 13,336
Cash & Equivalents
326 330 330 514 1,946 650 299
Accounts Receivable
8,679 8,377 7,383 9,713 9,762 9,647 9,976
Inventories, net
2,490 2,047 2,271 2,590 2,267 2,624 2,502
Current Deferred & Refundable Income Taxes
65 64 82 84 58 33 58
Other Current Assets
599 552 532 522 474 452 501
Plant, Property, & Equipment, net
80,261 80,004 81,149 80,873 85,172 91,888 95,012
Plant, Property & Equipment, gross
105,040 106,643 108,718 109,411 115,631 123,481 127,804
Accumulated Depreciation
24,779 26,639 27,569 28,538 30,459 31,593 32,792
Total Noncurrent Assets
13,315 13,147 13,385 13,275 15,599 16,045 16,081
Long-Term Investments
2,869 2,861 3,007 2,993 3,093 3,236 3,268
Goodwill
2,553 2,566 2,564 2,564 3,887 3,910 3,910
Intangible Assets
5,505 5,322 5,301 5,204 6,111 6,202 6,102
Other Noncurrent Operating Assets
2,388 2,398 2,513 2,514 2,508 2,697 2,801
Total Liabilities & Shareholders' Equity
105,735 104,521 105,132 107,571 115,789 121,339 124,429
Total Liabilities
64,674 63,358 63,675 66,512 71,323 75,450 77,831
Total Current Liabilities
11,243 10,162 13,013 12,755 12,719 11,709 12,371
Short-Term Debt
2.00 2.00 3,459 1,006 1,181 257 263
Accounts Payable
7,523 6,943 6,179 7,997 7,535 7,467 7,327
Other Current Liabilities
3,718 3,217 3,375 3,745 3,844 3,974 4,726
Total Noncurrent Liabilities
53,431 53,196 50,662 53,757 58,604 63,741 65,460
Long-Term Debt
47,413 47,229 44,672 47,075 52,295 57,359 58,995
Noncurrent Deferred & Payable Income Tax Liabilities
3,661 3,759 3,839 3,891 4,009 4,001 4,110
Other Noncurrent Operating Liabilities
2,357 2,208 2,151 2,791 2,300 2,381 2,355
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
493 494 495 498 673 417 418
Total Equity & Noncontrolling Interests
40,568 40,669 40,962 40,561 43,793 45,472 46,180
Total Preferred & Common Equity
32,831 33,148 33,551 33,124 35,933 34,312 35,240
Total Common Equity
32,831 33,148 33,551 33,124 35,933 34,312 35,240
Common Stock
32,799 33,135 33,527 33,095 35,892 34,264 35,198
Accumulated Other Comprehensive Income / (Loss)
32 13 24 29 41 48 42
Noncontrolling Interest
7,737 7,521 7,411 7,437 7,860 11,160 10,940

Annual Metrics and Ratios for Energy Transfer

This table displays calculated financial ratios and metrics derived from Energy Transfer's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-35.19% -11.92% 27.46% 33.47% 100.47% -64.07% 73.07% 33.31% -12.56% 5.20%
EBITDA Growth
6.14% 1.02% 27.73% 53.77% 22.02% -36.68% 97.11% -3.62% 4.21% 12.82%
EBIT Growth
-0.56% -10.62% 41.25% 90.73% 28.21% -60.53% 220.19% -9.06% 3.64% 10.23%
NOPAT Growth
40.69% 61.26% 132.49% -44.62% 33.02% -84.59% 673.21% -12.60% 4.92% 7.60%
Net Income Growth
-5.61% -100.00% 0.00% 44.55% 41.08% -97.10% 4,676.43% -12.25% -9.78% 24.01%
EPS Growth
94.74% -17.12% -9.78% 187.95% 0.00% 0.00% 0.00% -25.93% -22.14% 17.43%
Operating Cash Flow Growth
-6.17% 11.51% 33.32% 69.47% 7.33% -8.63% 51.64% -18.91% 5.57% 20.42%
Free Cash Flow Firm Growth
51.08% 121.79% 16.58% -173.06% 115.88% 1,206.55% -0.05% 256.61% -95.66% -214.22%
Invested Capital Growth
17.08% 5.25% 13.98% 9.51% 9.45% -1.31% 7.97% -0.31% 8.71% 9.41%
Revenue Q/Q Growth
-21.65% 20.79% 6.50% 4.08% 100.54% -59.78% 14.67% 33.07% -20.66% -1.18%
EBITDA Q/Q Growth
-1.63% 2.18% 8.68% 14.94% 4.96% -3.29% 2.48% 4.96% 4.74% 2.28%
EBIT Q/Q Growth
-0.99% -5.06% 15.05% 22.57% 6.46% -11.96% 3.37% 6.56% 6.06% 1.16%
NOPAT Q/Q Growth
21.06% -2.70% 275.25% -28.66% 7.25% -66.41% 6.24% 5.38% 2.05% -0.12%
Net Income Q/Q Growth
13.23% -100.00% 495.97% -7.09% 9.14% -77.35% 6.33% 3.64% 2.52% -1.80%
EPS Q/Q Growth
16.84% -8.91% -5.68% 106.03% 0.00% 0.00% 0.00% 0.00% 1.87% -5.88%
Operating Cash Flow Q/Q Growth
5.86% 8.78% -1.82% 18.88% -1.48% -2.44% -1.47% -4.24% -0.44% 12.67%
Free Cash Flow Firm Q/Q Growth
-8.98% 165.66% 355.46% 3.30% -94.88% 2,234.94% -78.06% 1,318.08% -95.42% 95.35%
Invested Capital Q/Q Growth
3.15% -2.45% 5.72% 2.01% 6.60% 0.96% 11.59% 1.16% 9.51% 0.26%
Profitability Metrics
- - - - - - - - - -
Gross Margin
20.58% 25.48% 23.58% 23.08% 63.29% 34.57% 25.25% 19.63% 22.96% 25.03%
EBITDA Margin
11.69% 13.41% 13.43% 15.48% 9.42% 16.60% 18.91% 13.67% 16.29% 17.47%
Operating Margin
6.34% 5.82% 6.71% 9.99% 6.64% 7.65% 13.04% 8.61% 10.56% 11.05%
EBIT Margin
6.34% 6.44% 7.13% 10.19% 6.52% 7.16% 13.25% 9.04% 10.71% 11.22%
Profit (Net Income) Margin
2.94% 0.00% 5.84% 6.32% 4.45% 0.36% 9.92% 6.53% 6.74% 7.94%
Tax Burden Percent
117.89% 0.00% 333.24% 92.71% 8.15% 37.14% 97.32% 96.64% 94.59% 92.39%
Interest Burden Percent
39.32% 9.97% 24.57% 66.93% 838.16% 13.52% 76.94% 74.77% 66.50% 76.59%
Effective Tax Rate
-13.67% -126.47% -258.17% 0.11% 0.33% 62.86% 2.68% 3.36% 5.41% 7.61%
Return on Invested Capital (ROIC)
4.96% 7.23% 15.32% 7.60% 9.24% 1.37% 10.27% 8.65% 8.72% 8.60%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.27% -4.77% -4.42% 2.70% 4.01% -0.66% 6.31% 5.14% 3.30% 5.03%
Return on Net Nonoperating Assets (RNNOA)
-0.35% -7.23% -6.30% 3.55% 5.54% -0.95% 8.24% 5.78% 3.62% 5.81%
Return on Equity (ROE)
4.62% 0.00% 9.02% 11.15% 14.78% 0.42% 18.50% 14.44% 12.33% 14.40%
Cash Return on Invested Capital (CROIC)
-10.77% 2.12% 2.25% -1.47% 0.21% 2.69% 2.61% 8.96% 0.37% -0.39%
Operating Return on Assets (OROA)
3.38% 2.73% 3.50% 6.32% 7.55% 2.87% 8.88% 7.68% 7.67% 7.76%
Return on Assets (ROA)
1.57% 0.00% 2.86% 3.92% 5.15% 0.14% 6.65% 5.55% 4.83% 5.49%
Return on Common Equity (ROCE)
-0.03% 0.00% -0.50% 3.52% 9.62% 0.26% 12.76% 11.43% 10.01% 11.35%
Return on Equity Simple (ROE_SIMPLE)
-113.84% 0.00% -197.83% 16.64% 22.01% 0.76% 21.36% 17.77% 14.43% 18.69%
Net Operating Profit after Tax (NOPAT)
2,600 4,192 9,746 5,397 7,179 1,107 8,557 7,478 7,846 8,442
NOPAT Margin
7.20% 13.19% 24.05% 9.98% 6.62% 2.84% 12.69% 8.32% 9.98% 10.21%
Net Nonoperating Expense Percent (NNEP)
5.24% 12.00% 19.74% 4.90% 5.22% 2.03% 3.96% 3.52% 5.42% 3.57%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 8.41% 8.15% 7.98%
Cost of Revenue to Revenue
79.42% 74.53% 76.42% 76.92% 36.71% 65.43% 74.75% 80.37% 77.04% 74.97%
SG&A Expenses to Revenue
7.90% 9.41% 8.00% 7.01% 3.68% 10.09% 6.51% 5.96% 6.81% 7.67%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
14.24% 19.65% 16.87% 13.09% 6.65% 26.92% 12.21% 11.02% 13.20% 13.27%
Earnings before Interest and Taxes (EBIT)
2,289 2,046 2,890 5,512 7,067 2,789 8,930 8,121 8,417 9,278
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
4,219 4,262 5,444 8,371 10,214 6,467 12,747 12,285 12,802 14,443
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.58 1.06 0.69 0.67 0.92 1.15 1.88
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 1.23 2.18 1.23 0.91 1.21 1.60 2.62
Price to Revenue (P/Rev)
0.20 0.35 0.28 0.22 0.21 0.33 0.31 0.34 0.54 0.80
Price to Earnings (P/E)
5.99 11.23 11.92 6.79 6.58 0.00 4.03 7.00 12.15 15.04
Dividend Yield
11.74% 11.00% 11.64% 15.01% 14.18% 22.52% 9.00% 8.88% 9.86% 6.61%
Earnings Yield
16.70% 8.90% 8.39% 14.72% 15.20% 0.00% 24.79% 14.29% 8.23% 6.65%
Enterprise Value to Invested Capital (EV/IC)
1.14 1.28 1.23 0.88 1.02 0.93 0.88 0.97 1.06 1.30
Enterprise Value to Revenue (EV/Rev)
1.79 2.39 2.06 1.21 0.76 1.91 1.13 0.93 1.26 1.62
Enterprise Value to EBITDA (EV/EBITDA)
15.30 17.80 15.35 7.83 8.07 11.51 5.97 6.80 7.76 9.25
Enterprise Value to EBIT (EV/EBIT)
28.19 37.08 28.92 11.89 11.67 26.69 8.53 10.29 11.80 14.40
Enterprise Value to NOPAT (EV/NOPAT)
24.83 18.10 8.57 12.14 11.48 67.26 8.90 11.17 12.66 15.83
Enterprise Value to Operating Cash Flow (EV/OCF)
21.66 22.84 18.87 8.73 10.23 10.11 6.82 9.23 10.39 11.61
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 61.73 58.32 0.00 495.82 34.26 35.06 10.79 295.56 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.56 1.96 1.47 1.47 1.50 1.60 1.24 1.17 1.17 1.29
Long-Term Debt to Equity
1.56 1.91 1.46 1.38 1.50 1.60 1.22 1.17 1.15 1.29
Financial Leverage
1.28 1.52 1.43 1.31 1.38 1.44 1.31 1.13 1.10 1.15
Leverage Ratio
2.95 3.26 3.15 2.85 2.87 2.94 2.78 2.60 2.55 2.62
Compound Leverage Factor
1.16 0.32 0.77 1.90 24.04 0.40 2.14 1.95 1.70 2.01
Debt to Total Capital
61.00% 66.23% 59.52% 59.49% 60.07% 61.54% 55.33% 53.98% 53.95% 56.27%
Short-Term Debt to Total Capital
0.22% 1.80% 0.56% 3.43% 0.03% 0.03% 0.76% 0.00% 1.04% 0.01%
Long-Term Debt to Total Capital
60.79% 64.43% 58.96% 56.05% 60.04% 61.51% 54.57% 53.97% 52.91% 56.27%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
40.53% 36.32% 42.09% 13.94% 14.14% 16.30% 9.83% 9.09% 8.27% 10.66%
Common Equity to Total Capital
-1.54% -2.55% -1.61% 26.57% 25.79% 22.17% 34.84% 36.93% 37.78% 33.07%
Debt to EBITDA
8.76 10.34 8.10 5.50 5.00 7.95 3.90 3.93 4.09 4.14
Net Debt to EBITDA
7.79 9.51 7.53 5.12 4.63 7.42 3.64 3.67 3.83 3.89
Long-Term Debt to EBITDA
8.73 10.06 8.02 5.18 5.00 7.95 3.85 3.93 4.01 4.14
Debt to NOPAT
14.22 10.51 4.52 8.53 7.11 46.48 5.81 6.45 6.68 7.08
Net Debt to NOPAT
12.64 9.67 4.21 7.94 6.59 43.38 5.42 6.03 6.25 6.65
Long-Term Debt to NOPAT
14.17 10.22 4.48 8.04 7.11 46.46 5.73 6.45 6.55 7.08
Altman Z-Score
0.71 0.60 0.74 0.91 1.54 0.63 1.10 1.41 1.31 1.42
Noncontrolling Interest Sharing Ratio
100.58% 105.70% 105.51% 68.43% 34.94% 38.80% 31.06% 20.86% 18.82% 21.23%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.10 0.95 1.35 0.73 0.97 1.07 0.97 1.17 1.10 1.12
Quick Ratio
0.65 0.56 0.62 0.50 0.71 0.73 0.74 0.85 0.83 0.84
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-5,640 1,229 1,433 -1,047 166 2,173 2,172 7,744 336 -384
Operating Cash Flow to CapEx
32.83% 42.75% 52.45% 101.34% 135.17% 143.49% 395.54% 267.70% 304.88% 276.32%
Free Cash Flow to Firm to Interest Expense
-3.39 0.68 0.71 -0.48 0.07 0.90 0.84 3.36 0.13 -0.12
Operating Cash Flow to Interest Expense
1.79 1.84 2.20 3.46 3.43 3.06 4.31 3.93 3.71 3.67
Operating Cash Flow Less CapEx to Interest Expense
-3.66 -2.47 -2.00 0.05 0.89 0.93 3.22 2.46 2.49 2.34
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.53 0.42 0.49 0.62 1.16 0.40 0.67 0.85 0.72 0.69
Accounts Receivable Turnover
12.17 10.38 9.93 12.47 23.27 8.51 11.56 11.05 8.88 8.51
Inventory Turnover
18.48 12.84 15.19 22.49 24.81 15.58 26.86 32.28 24.52 22.34
Fixed Asset Turnover
0.81 0.62 0.71 0.84 1.54 0.52 0.86 1.11 0.95 0.92
Accounts Payable Turnover
10.11 8.11 7.50 10.06 10.34 7.30 10.42 10.48 8.88 8.26
Days Sales Outstanding (DSO)
29.99 35.15 36.75 29.28 15.68 42.87 31.57 33.03 41.12 42.88
Days Inventory Outstanding (DIO)
19.75 28.43 24.03 16.23 14.71 23.42 13.59 11.31 14.89 16.34
Days Payable Outstanding (DPO)
36.10 45.03 48.68 36.27 35.31 50.02 35.02 34.83 41.11 44.20
Cash Conversion Cycle (CCC)
13.65 18.55 12.10 9.24 -4.92 16.28 10.14 9.51 14.90 15.02
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
56,485 59,448 67,761 74,205 81,218 80,152 86,537 86,271 93,781 102,607
Invested Capital Turnover
0.69 0.55 0.64 0.76 1.40 0.48 0.81 1.04 0.87 0.84
Increase / (Decrease) in Invested Capital
8,240 2,963 8,313 6,444 7,013 -1,066 6,385 -266 7,510 8,826
Enterprise Value (EV)
64,536 75,861 83,567 65,525 82,448 74,433 76,128 83,548 99,291 133,634
Market Capitalization
7,119 11,179 11,372 11,879 23,150 12,810 20,891 30,319 42,192 66,145
Book Value per Share
($0.89) ($1.62) ($1.11) $7.86 $8.34 $6.87 $11.57 $10.69 $11.66 $10.26
Tangible Book Value per Share
($13.24) ($12.30) ($11.19) $3.70 $4.03 $3.85 $8.47 $8.11 $8.40 $7.37
Total Capital
60,599 66,516 74,064 77,377 84,992 83,588 89,830 89,414 97,105 106,194
Total Debt
36,968 44,052 44,084 46,028 51,054 51,438 49,702 48,262 52,388 59,760
Total Long-Term Debt
36,837 42,858 43,671 43,373 51,028 51,417 49,022 48,260 51,380 59,752
Net Debt
32,854 40,524 41,019 42,856 47,280 48,002 46,409 45,102 49,064 56,173
Capital Expenditures (CapEx)
9,073 7,771 8,444 7,407 5,960 5,130 2,822 3,381 3,134 4,164
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-21 328 2,839 -435 -548 39 36 1,448 1,937 1,233
Debt-free Net Working Capital (DFNWC)
631 816 3,199 95 -234 415 382 1,715 2,164 1,554
Net Working Capital (NWC)
500 -378 2,786 -2,560 -260 394 -298 1,713 1,156 1,546
Net Nonoperating Expense (NNE)
1,539 4,192 7,380 1,977 2,354 967 1,870 1,610 2,552 1,877
Net Nonoperating Obligations (NNO)
32,854 36,984 37,781 42,856 47,280 48,002 46,409 45,119 49,064 56,173
Total Depreciation and Amortization (D&A)
1,930 2,216 2,554 2,859 3,147 3,678 3,817 4,164 4,385 5,165
Debt-free, Cash-free Net Working Capital to Revenue
-0.06% 1.03% 7.01% -0.80% -0.51% 0.10% 0.05% 1.61% 2.46% 1.49%
Debt-free Net Working Capital to Revenue
1.75% 2.57% 7.89% 0.18% -0.22% 1.07% 0.57% 1.91% 2.75% 1.88%
Net Working Capital to Revenue
1.39% -1.19% 6.88% -4.73% -0.24% 1.01% -0.44% 1.91% 1.47% 1.87%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.11 $0.94 $0.85 $1.16 $1.37 ($0.24) $0.00 $0.00 $1.10 $1.29
Adjusted Weighted Average Basic Shares Outstanding
1.04B 1.08B 1.08B 2.62B 2.69B 0.00 3.08B 3.09B 3.37B 3.43B
Adjusted Diluted Earnings per Share
$1.11 $0.92 $0.83 $1.15 $1.36 ($0.48) $0.00 $0.00 $1.09 $1.28
Adjusted Weighted Average Diluted Shares Outstanding
1.04B 1.08B 1.08B 2.62B 2.69B 2.70B 3.08B 3.09B 3.37B 3.43B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.04B 1.08B 1.08B 2.62B 2.69B 2.70B 3.08B 3.09B 3.37B 3.43B
Normalized Net Operating Profit after Tax (NOPAT)
1,838 2,024 2,632 5,828 7,253 4,102 8,577 7,851 8,450 7,949
Normalized NOPAT Margin
5.09% 6.37% 6.50% 10.77% 6.69% 10.53% 12.72% 8.74% 10.75% 9.62%
Pre Tax Income Margin
2.49% 0.64% 1.75% 6.82% 54.63% 0.97% 10.19% 6.76% 7.12% 8.60%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.37 1.13 1.44 2.54 3.01 1.16 3.45 3.52 3.27 2.96
NOPAT to Interest Expense
1.56 2.32 4.85 2.49 3.06 0.46 3.30 3.24 3.05 2.69
EBIT Less CapEx to Interest Expense
-4.07 -3.17 -2.76 -0.87 0.47 -0.97 2.36 2.06 2.05 1.63
NOPAT Less CapEx to Interest Expense
-3.89 -1.98 0.65 -0.93 0.52 -1.68 2.21 1.78 1.83 1.36
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
243.54% 0.00% 116.53% 122.11% 90.28% 3,057.14% 47.97% 79.12% 113.30% 98.52%
Augmented Payout Ratio
343.83% 0.00% 116.53% 122.81% 90.80% 3,057.14% 48.44% 79.12% 113.30% 98.52%

Quarterly Metrics and Ratios for Energy Transfer

This table displays calculated financial ratios and metrics derived from Energy Transfer's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
37.66% 119.71% 0.00% -29.39% -9.59% -49.91% 13.87% 13.15% 0.16% -4.83%
EBITDA Growth
21.91% 6.54% 8.14% -9.85% 15.02% 17.27% 18.08% 19.30% 5.55% 9.58%
EBIT Growth
30.05% 5.61% 11.00% -15.15% 19.08% 21.98% 17.91% 22.10% -1.27% 4.81%
NOPAT Growth
40.26% 1.77% 52.11% -15.92% 11.96% 17.32% 15.03% 22.27% -1.27% -0.89%
Net Income Growth
45.76% 16.73% -2.69% -23.98% -20.80% 9.05% 16.93% 61.56% 36.96% -7.66%
EPS Growth
45.00% 25.00% -13.51% -35.90% -48.28% 5.71% 0.00% 40.00% 113.33% -21.62%
Operating Cash Flow Growth
32.08% -23.06% 41.35% 7.73% -20.61% -3.14% 12.60% -10.49% 21.11% 99.85%
Free Cash Flow Firm Growth
-285.39% 144.50% 141.77% 117.32% 129.30% -362.82% -313.60% -1,355.65% -951.26% -24.68%
Invested Capital Growth
9.97% -0.31% -0.49% 0.92% 0.42% 8.71% 8.62% 15.51% 19.50% 9.41%
Revenue Q/Q Growth
-11.59% 78.70% -53.66% -3.55% 13.20% -1.00% 5.34% -4.16% 0.21% -5.93%
EBITDA Q/Q Growth
-10.00% -2.62% 8.44% -5.15% 14.82% -0.71% -8.82% -4.17% 1.59% 3.08%
EBIT Q/Q Growth
-13.98% -5.59% 13.46% -7.91% 20.72% -3.29% -15.73% -4.64% -2.39% 2.67%
NOPAT Q/Q Growth
-7.42% -3.56% 9.71% -14.16% 23.28% 1.05% 7.51% -8.76% -0.45% 1.44%
Net Income Q/Q Growth
-18.50% 8.70% 0.70% -14.79% -15.09% 49.67% 7.98% 17.73% -28.01% 0.91%
EPS Q/Q Growth
-25.64% 20.69% -8.57% -21.88% -40.00% 146.67% -13.51% 9.38% -8.57% -9.38%
Operating Cash Flow Q/Q Growth
26.98% -55.24% 150.37% -24.30% -6.43% -45.39% 191.05% -39.82% 26.61% -9.88%
Free Cash Flow Firm Q/Q Growth
-12.87% 135.03% 15.74% -62.16% 90.97% -414.23% 6.28% -122.45% -29.47% 53.98%
Invested Capital Q/Q Growth
-0.22% 1.16% -1.24% 1.23% -0.71% 9.51% -1.33% 7.65% 2.72% 0.26%
Profitability Metrics
- - - - - - - - - -
Gross Margin
19.28% 21.45% 23.09% 23.08% 22.57% 23.14% 23.27% 24.70% 24.84% 27.55%
EBITDA Margin
12.83% 6.99% 16.36% 16.09% 16.32% 16.37% 16.97% 16.97% 17.20% 18.85%
Operating Margin
8.60% 4.41% 10.86% 10.02% 10.77% 10.54% 11.00% 11.09% 10.50% 11.66%
EBIT Margin
8.34% 4.41% 10.79% 10.30% 10.98% 10.73% 11.17% 11.11% 10.83% 11.82%
Profit (Net Income) Margin
5.76% 3.51% 7.62% 6.73% 5.05% 7.63% 7.82% 9.61% 6.90% 7.40%
Tax Burden Percent
94.16% 25.34% 95.32% 91.95% 93.15% 97.09% 95.00% 89.77% 94.16% 91.41%
Interest Burden Percent
73.39% 313.95% 74.08% 71.07% 49.34% 73.26% 73.72% 96.31% 67.72% 68.56%
Effective Tax Rate
5.84% 0.79% 4.68% 8.05% 6.85% 2.91% 5.00% 10.23% 5.84% 8.59%
Return on Invested Capital (ROIC)
6.72% 4.55% 13.19% 10.86% 11.62% 8.94% 9.55% 8.95% 8.80% 8.98%
ROIC Less NNEP Spread (ROIC-NNEP)
5.48% 3.77% 12.02% 9.84% 9.30% 7.80% 8.32% 8.81% 7.56% 7.77%
Return on Net Nonoperating Assets (RNNOA)
6.20% 4.25% 13.03% 10.59% 10.05% 8.56% 8.95% 9.94% 8.66% 8.97%
Return on Equity (ROE)
12.92% 8.79% 26.22% 21.45% 21.68% 17.49% 18.50% 18.89% 17.46% 17.94%
Cash Return on Invested Capital (CROIC)
-0.78% 8.96% 9.54% 7.75% 8.58% 0.37% 0.89% -5.27% -8.78% -0.39%
Operating Return on Assets (OROA)
5.56% 3.74% 10.99% 9.75% 10.20% 7.69% 8.24% 8.21% 7.81% 8.17%
Return on Assets (ROA)
3.85% 2.98% 7.76% 6.37% 4.69% 5.47% 5.77% 7.10% 4.98% 5.12%
Return on Common Equity (ROCE)
10.18% 6.96% 20.83% 17.15% 17.41% 14.20% 14.93% 14.68% 13.62% 14.13%
Return on Equity Simple (ROE_SIMPLE)
17.25% 0.00% 17.58% 16.21% 15.59% 0.00% 15.41% 18.36% 18.97% 0.00%
Net Operating Profit after Tax (NOPAT)
1,858 1,792 1,966 1,687 2,080 2,102 2,261 2,063 2,054 2,083
NOPAT Margin
8.10% 4.37% 10.35% 9.21% 10.03% 10.24% 10.45% 9.95% 9.89% 10.66%
Net Nonoperating Expense Percent (NNEP)
1.24% 0.78% 1.17% 1.02% 2.33% 1.14% 1.24% 0.14% 1.24% 1.21%
Return On Investment Capital (ROIC_SIMPLE)
- 2.01% - - - 2.18% - - - 1.97%
Cost of Revenue to Revenue
80.72% 78.55% 76.92% 76.92% 77.43% 76.86% 76.73% 75.30% 75.16% 72.45%
SG&A Expenses to Revenue
5.82% 3.83% 6.65% 7.22% 6.46% 6.96% 6.46% 7.52% 7.97% 8.85%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
10.68% 7.15% 12.23% 13.06% 14.81% 12.61% 12.26% 10.73% 14.34% 15.95%
Earnings before Interest and Taxes (EBIT)
1,913 1,806 2,049 1,887 2,278 2,203 2,416 2,304 2,249 2,309
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,943 2,866 3,108 2,948 3,385 3,361 3,670 3,517 3,573 3,683
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.90 0.92 1.06 1.09 1.22 1.15 1.48 1.62 1.56 1.88
Price to Tangible Book Value (P/TBV)
1.20 1.21 1.39 1.42 1.60 1.60 2.04 2.29 2.18 2.62
Price to Revenue (P/Rev)
0.44 0.34 0.32 0.36 0.41 0.54 0.65 0.66 0.66 0.80
Price to Earnings (P/E)
84.45 7.00 4.27 4.73 5.65 12.15 14.91 14.09 11.98 15.04
Dividend Yield
7.89% 8.88% 8.81% 9.54% 9.22% 9.86% 7.91% 7.74% 7.88% 6.61%
Earnings Yield
1.18% 14.29% 23.45% 21.12% 17.70% 8.23% 6.71% 7.10% 8.35% 6.65%
Enterprise Value to Invested Capital (EV/IC)
0.96 0.97 1.02 1.03 1.09 1.06 1.19 1.21 1.19 1.30
Enterprise Value to Revenue (EV/Rev)
1.22 0.93 0.80 0.88 0.94 1.26 1.35 1.44 1.46 1.62
Enterprise Value to EBITDA (EV/EBITDA)
7.01 6.80 7.18 7.51 7.61 7.76 8.23 8.67 8.64 9.25
Enterprise Value to EBIT (EV/EBIT)
10.77 10.29 10.96 11.62 11.72 11.80 12.52 13.13 13.30 14.40
Enterprise Value to NOPAT (EV/NOPAT)
11.57 11.17 11.27 11.99 12.10 12.66 13.51 14.24 14.43 15.83
Enterprise Value to Operating Cash Flow (EV/OCF)
8.69 9.23 8.69 8.73 9.69 10.39 11.02 12.44 11.95 11.61
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 10.79 10.70 13.41 12.69 295.56 138.65 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.15 1.17 1.15 1.16 1.17 1.17 1.20 1.26 1.27 1.29
Long-Term Debt to Equity
1.15 1.17 1.15 1.08 1.15 1.15 1.18 1.25 1.27 1.29
Financial Leverage
1.13 1.13 1.08 1.08 1.08 1.10 1.08 1.13 1.14 1.15
Leverage Ratio
2.65 2.60 2.61 2.59 2.60 2.55 2.57 2.59 2.65 2.62
Compound Leverage Factor
1.94 8.17 1.93 1.84 1.28 1.87 1.90 2.50 1.79 1.80
Debt to Total Capital
53.59% 53.98% 53.43% 53.72% 53.94% 53.95% 54.60% 55.66% 55.98% 56.27%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 3.86% 1.13% 1.04% 1.21% 0.25% 0.25% 0.01%
Long-Term Debt to Total Capital
53.59% 53.97% 53.43% 49.86% 52.81% 52.91% 53.39% 55.42% 55.73% 56.27%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
9.30% 9.09% 9.07% 8.82% 8.90% 8.27% 8.71% 11.19% 10.73% 10.66%
Common Equity to Total Capital
37.11% 36.93% 37.50% 37.45% 37.16% 37.78% 36.69% 33.15% 33.29% 33.07%
Debt to EBITDA
4.05 3.93 3.89 4.05 3.93 4.09 4.00 4.14 4.20 4.14
Net Debt to EBITDA
3.78 3.67 3.63 3.77 3.65 3.83 3.62 3.86 3.94 3.89
Long-Term Debt to EBITDA
4.05 3.93 3.89 3.76 3.85 4.01 3.91 4.12 4.18 4.14
Debt to NOPAT
6.68 6.45 6.11 6.47 6.25 6.68 6.57 6.79 7.01 7.08
Net Debt to NOPAT
6.23 6.03 5.69 6.02 5.80 6.25 5.95 6.33 6.59 6.65
Long-Term Debt to NOPAT
6.68 6.45 6.11 6.00 6.12 6.55 6.42 6.76 6.98 7.08
Altman Z-Score
0.98 1.21 1.45 1.34 1.36 1.13 1.24 1.21 1.17 1.24
Noncontrolling Interest Sharing Ratio
21.16% 20.86% 20.54% 20.04% 19.68% 18.82% 19.33% 22.31% 22.01% 21.23%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.08 1.17 1.12 0.81 1.05 1.10 1.18 1.14 1.08 1.12
Quick Ratio
0.80 0.85 0.86 0.59 0.80 0.83 0.92 0.88 0.83 0.84
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-5,874 2,058 2,382 901 1,721 -5,408 -5,087 -11,316 -14,650 -6,743
Operating Cash Flow to CapEx
302.84% 150.68% 394.58% 295.92% 342.42% 184.09% 475.66% 280.25% 265.86% 175.95%
Free Cash Flow to Firm to Interest Expense
-10.18 3.48 3.85 1.41 2.72 -7.91 -6.94 -14.73 -17.69 -8.35
Operating Cash Flow to Interest Expense
5.18 2.26 5.41 3.96 3.75 1.89 5.15 2.96 3.47 3.21
Operating Cash Flow Less CapEx to Interest Expense
3.47 0.76 4.04 2.62 2.66 0.87 4.06 1.90 2.17 1.38
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.67 0.85 1.02 0.95 0.93 0.72 0.74 0.74 0.72 0.69
Accounts Receivable Turnover
8.90 11.05 11.83 11.46 10.77 8.88 8.96 9.82 8.50 8.51
Inventory Turnover
25.48 32.28 43.12 35.40 30.30 24.52 28.99 26.17 24.98 22.34
Fixed Asset Turnover
0.87 1.11 1.36 1.26 1.23 0.95 0.98 0.97 0.95 0.92
Accounts Payable Turnover
8.28 10.48 11.14 10.52 9.92 8.88 8.64 9.39 8.30 8.26
Days Sales Outstanding (DSO)
41.01 33.03 30.86 31.85 33.89 41.12 40.76 37.16 42.95 42.88
Days Inventory Outstanding (DIO)
14.33 11.31 8.46 10.31 12.05 14.89 12.59 13.95 14.61 16.34
Days Payable Outstanding (DPO)
44.07 34.83 32.78 34.68 36.80 41.11 42.26 38.89 43.97 44.20
Cash Conversion Cycle (CCC)
11.27 9.51 6.55 7.48 9.13 14.90 11.09 12.23 13.59 15.02
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
85,281 86,271 85,203 86,251 85,640 93,781 92,551 99,630 102,344 102,607
Invested Capital Turnover
0.83 1.04 1.27 1.18 1.16 0.87 0.91 0.90 0.89 0.84
Increase / (Decrease) in Invested Capital
7,732 -266 -416 786 359 7,510 7,348 13,379 16,704 8,826
Enterprise Value (EV)
82,090 83,548 87,198 89,208 93,030 99,291 109,980 120,816 122,003 133,634
Market Capitalization
29,640 30,319 35,143 36,508 40,521 42,192 53,010 55,509 54,954 66,145
Book Value per Share
$10.64 $10.69 $10.71 $10.83 $10.54 $11.66 $10.66 $10.18 $10.30 $10.26
Tangible Book Value per Share
$8.03 $8.11 $8.16 $8.29 $8.07 $8.40 $7.70 $7.18 $7.37 $7.37
Total Capital
88,476 89,414 88,394 89,588 89,140 97,105 97,942 103,505 105,856 106,194
Total Debt
47,415 48,262 47,231 48,131 48,081 52,388 53,476 57,616 59,258 59,760
Total Long-Term Debt
47,413 48,260 47,229 44,672 47,075 51,380 52,295 57,359 58,995 59,752
Net Debt
44,220 45,102 44,040 44,794 44,574 49,064 48,437 53,730 55,691 56,173
Capital Expenditures (CapEx)
987 888 849 857 693 704 793 810 1,081 1,472
Debt-free, Cash-free Net Working Capital (DFCFNWC)
592 1,448 880 714 1,160 1,937 1,534 1,304 929 1,233
Debt-free Net Working Capital (DFNWC)
918 1,715 1,210 1,044 1,674 2,164 3,480 1,954 1,228 1,554
Net Working Capital (NWC)
916 1,713 1,208 -2,415 668 1,156 2,299 1,697 965 1,546
Net Nonoperating Expense (NNE)
536 355 519 454 1,033 535 569 71 620 636
Net Nonoperating Obligations (NNO)
44,220 45,119 44,040 44,794 44,581 49,064 48,085 53,741 55,746 56,173
Total Depreciation and Amortization (D&A)
1,030 1,060 1,059 1,061 1,107 1,158 1,254 1,213 1,324 1,374
Debt-free, Cash-free Net Working Capital to Revenue
0.88% 1.61% 0.81% 0.71% 1.17% 2.46% 1.89% 1.56% 1.11% 1.49%
Debt-free Net Working Capital to Revenue
1.36% 1.91% 1.11% 1.03% 1.69% 2.75% 4.28% 2.34% 1.47% 1.88%
Net Working Capital to Revenue
1.36% 1.91% 1.11% -2.39% 0.67% 1.47% 2.83% 2.03% 1.15% 1.87%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.29 $0.33 $0.32 $0.25 $0.15 $0.38 $0.32 $0.35 $0.33 $0.29
Adjusted Weighted Average Basic Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B
Adjusted Diluted Earnings per Share
$0.29 $0.35 $0.32 $0.25 $0.15 $0.37 $0.32 $0.35 $0.32 $0.29
Adjusted Weighted Average Diluted Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
3.09B 3.09B 3.10B 3.14B 3.15B 3.37B 3.37B 3.42B 3.42B 3.43B
Normalized Net Operating Profit after Tax (NOPAT)
1,939 1,792 1,967 1,696 2,663 2,102 2,261 1,571 2,054 2,085
Normalized NOPAT Margin
8.45% 4.37% 10.35% 9.26% 12.84% 10.24% 10.45% 7.58% 9.89% 10.67%
Pre Tax Income Margin
6.12% 13.83% 7.99% 7.32% 5.42% 7.86% 8.23% 10.70% 7.33% 8.10%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.32 3.05 3.31 2.94 3.60 3.22 3.30 3.00 2.72 2.86
NOPAT to Interest Expense
3.22 3.03 3.18 2.63 3.29 3.07 3.08 2.69 2.48 2.58
EBIT Less CapEx to Interest Expense
1.60 1.55 1.94 1.61 2.51 2.19 2.21 1.95 1.41 1.04
NOPAT Less CapEx to Interest Expense
1.51 1.53 1.80 1.30 2.19 2.04 2.00 1.63 1.17 0.76
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
70.13% 79.12% 81.76% 93.75% 103.74% 113.30% 110.34% 100.03% 95.81% 98.52%
Augmented Payout Ratio
70.13% 79.12% 81.76% 93.75% 103.74% 113.30% 110.34% 100.03% 95.81% 98.52%

Frequently Asked Questions About Energy Transfer's Financials

When does Energy Transfer's fiscal year end?

According to the most recent income statement we have on file, Energy Transfer's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Energy Transfer's net income changed over the last 9 years?

Energy Transfer's net income appears to be on an upward trend, with a most recent value of $6.57 billion in 2024, rising from $1.06 billion in 2015. The previous period was $5.29 billion in 2023.

What is Energy Transfer's operating income?
Energy Transfer's total operating income in 2024 was $9.14 billion, based on the following breakdown:
  • Total Gross Profit: $20.70 billion
  • Total Operating Expenses: $10.97 billion
How has Energy Transfer revenue changed over the last 9 years?

Over the last 9 years, Energy Transfer's total revenue changed from $36.10 billion in 2015 to $82.67 billion in 2024, a change of 129.0%.

How much debt does Energy Transfer have?

Energy Transfer's total liabilities were at $78.95 billion at the end of 2024, a 14.4% increase from 2023, and a 66.0% increase since 2015.

How much cash does Energy Transfer have?

In the past 9 years, Energy Transfer's cash and equivalents has ranged from $161 million in 2023 to $606 million in 2015, and is currently $312 million as of their latest financial filing in 2024.

How has Energy Transfer's book value per share changed over the last 9 years?

Over the last 9 years, Energy Transfer's book value per share changed from -0.89 in 2015 to 10.26 in 2024, a change of -1,249.7%.



This page (NYSE:ET) was last updated on 4/24/2025 by MarketBeat.com Staff
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