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Energy Transfer LP EBIT

: $5,195 Mil (TTM As of Mar. 2020)
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Energy Transfer LP's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2020 was $-334 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2020 was $5,195 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Energy Transfer LP's annualized ROC % for the quarter that ended in Mar. 2020 was 6.28%. Energy Transfer LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was -1.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Energy Transfer LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2020 was 6.79%.


Energy Transfer LP EBIT Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Energy Transfer LP Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,522.00 2,891.00 2,632.00 5,689.00 7,425.00

Energy Transfer LP Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,834.00 1,820.00 1,794.00 1,915.00 -334.00

Energy Transfer LP EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2020 was 1820 (Jun. 2019 ) + 1794 (Sep. 2019 ) + 1915 (Dec. 2019 ) + -334 (Mar. 2020 ) = $5,195 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Energy Transfer LP  (NYSE:ET) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Energy Transfer LP's annualized ROC % for the quarter that ended in Mar. 2020 is calculated as:

ROC % (Q: Mar. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Mar. 2020 ))/ count )
=5544 * ( 1 - -2.99% )/( (91369 + 90518)/ 2 )
=5709.7656/90943.5
=6.28 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

Energy Transfer LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2019  Q: Mar. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1336/( ( (75157 + max(-367, 0)) + (75619 + max(-1403, 0)) )/ 2 )
=-1336/( ( 75157 + 75619 )/ 2 )
=-1336/75388
=-1.77 %

where Working Capital is:

Working Capital(Q: Dec. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5038 + 1935 + 298) - (7368 + 123 + 147)
=-367

Working Capital(Q: Mar. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3371 + 1024 + 281) - (6070 + 0 + 9)
=-1403

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Energy Transfer LP's Earnings Yield (Joel Greenblatt) %for the quarter that ended in Mar. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2020 )
=5195/76487.32
=6.79 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Energy Transfer LP EBIT Related Terms


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