Energy Transfer Operating LP (Energy Transfer Operating LP) Interest Expense : $-2,318 Mil (TTM As of Dec. 2020)

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What is Energy Transfer Operating LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Energy Transfer Operating LP's interest expense for the three months ended in Dec. 2020 was $ -576 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-2,318 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Energy Transfer Operating LP's Operating Income for the three months ended in Dec. 2020 was $ 1,421 Mil. Energy Transfer Operating LP's Interest Expense for the three months ended in Dec. 2020 was $ -576 Mil. Energy Transfer Operating LP's Interest Coverage for the quarter that ended in Dec. 2020 was 2.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Energy Transfer Operating LP Interest Expense Historical Data

The historical data trend for Energy Transfer Operating LP's Interest Expense 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.

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Energy Transfer Operating LP Interest Expense Chart

Energy Transfer Operating LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-1,478.00

-1,575.00

-1,709.00

-2,262.00

-2,323.00

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
Interest Expense	Get a 7-Day Free Trial															-582.00	-595.00	-578.00	-569.00	-576.00

Energy Transfer Operating LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,318 Mil.

Energy Transfer Operating LP (NYSE:ETP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Energy Transfer Operating LP's Interest Expense for the three months ended in Dec. 2020 was $-576 Mil. Its Operating Income for the three months ended in Dec. 2020 was $1,421 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $52,182 Mil.

Energy Transfer Operating LP's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2020 )	/	Interest Expense (Q: Dec. 2020 )
	=	-1	*	1421	/	-576
	=	2.47

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Energy Transfer Operating LP interest coverage is 2.53, which is low.

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

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy Transfer Operating LP (NYSE:ETP) » Definitions » Interest Expense

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

Easter William H Iii

director

370 17TH ST, STE 2500, DENVER CO 80202