Energy Transfer Operating LP (Energy Transfer Operating LP) Debt-to-Equity : 2.10 (As of Dec. 2020)

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What is Energy Transfer Operating LP Debt-to-Equity?

Energy Transfer Operating LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $74.00 Mil. Energy Transfer Operating LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $52,182.00 Mil. Energy Transfer Operating LP's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $24,854.00 Mil. Energy Transfer Operating LP's debt to equity for the quarter that ended in Dec. 2020 was 2.10.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Energy Transfer Operating LP's Debt-to-Equity or its related term are showing as below:

ETPpE.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.95 Med: 1.64 Max: 11.42
Current: 2.1

During the past 13 years, the highest Debt-to-Equity Ratio of Energy Transfer Operating LP was 11.42. The lowest was -16.95. And the median was 1.64.

ETPpE.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs ETPpE.PFD: 2.10

Energy Transfer Operating LP Debt-to-Equity Historical Data

The historical data trend for Energy Transfer Operating LP's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Energy Transfer Operating LP Debt-to-Equity Chart

Energy Transfer Operating LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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1.78

1.32

1.41

1.90

2.10

Energy Transfer Operating LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															1.90	1.85	1.91	2.05	2.10

Competitive Comparison of Energy Transfer Operating LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Energy Transfer Operating LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Energy Transfer Operating LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer Operating LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Energy Transfer Operating LP's Debt-to-Equity falls into.

Energy Transfer Operating LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Energy Transfer Operating LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(74	+	52182)	/	24854
	=	2.10

Energy Transfer Operating LP's Debt to Equity Ratio for the quarter that ended in Dec. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(74	+	52182)	/	24854
	=	2.10

Energy Transfer Operating LP (NYSE:ETPpE.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Energy Transfer Operating LP Debt-to-Equity Related Terms

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Energy Transfer Operating LP (Energy Transfer Operating LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy Transfer Operating LP (NYSE:ETPpE.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website

http://www.energytransfer.com

Energy Transfer Operating LP is a diversified midstream energy company in the country with more than 86,000 miles of pipelines traversing approximately 38 states transporting the oil and gas products. Its core operations include transportation, storage and terminalling for natural gas, crude oil, NGLs, refined products and liquid natural gas. The operating business segments of the company are intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USAC, and Other. The crude oil transportation and services segment generates maximum revenue for the company.

Executives

Bradford D. Whitehurst	officer: CFO	100 CONGRESS AVENUE, SUITE 450, AUSTIN TX 78701
William Presley Williams	director	2126 CLEAR LAKE ROAD, WEATHERFORD TX 76087
W Brett Smith	director	508 W WALL AVE., SUITE 500, MIDLAND TX 79701
Ray C Davis	director	5950 SHERRY LANE, SUITE 550, DALLAS TX 75225
David K Skidmore	director	400 N. SAINT PAUL ST., STE. 800, DALLAS TX 75201
Troy Sturrock	officer: SVP & Controller	1039 NORTH OAK CLIFF BOULEVARD, DALLAS TX 75208
Michael K Grimm	director	3141 HOOD STREET, SUITE 350, DALLAS TX 75219
Kelcy L Warren	director, officer: Chief Executive Officer
Matthew S. Ramsey	director, officer: President & COO	6002 DEERWOOD, HOUSTON TX 77057
Ted Jr Collins	director	508 W. WALL AVE., SUITE 1200, MIDLAND TX 79701-5076
Thomas E Long	officer: Chief Financial Officer	370 17TH STREET, SUITE 2775, DENVER CO 80202
James M. Wright	officer: General Counsel & Asst. Sec	1300 MAIN STREET, HOUSTON TX 77002
James Richard Perry	director	1108 LAVACA, SUITE 110 #143, AUSTIN TX 78701
Peter J Gvazdauskas	officer: CFO and Treasurer	1818 MARKET STREET, STE 1500, PHILADELPHIA PA 19103
Jamie Welch	director	3738 OAK LAWN AVE., DALLAS TX 75219