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ETPPE.PFD (Energy Transfer Operating LP) Degree of Operating Leverage : 0.00 (As of Dec. 2020)


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What is Energy Transfer Operating LP Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Energy Transfer Operating LP's Degree of Operating Leverage for the quarter that ended in Dec. 2020 was 0.00. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Energy Transfer Operating LP's Degree of Operating Leverage or its related term are showing as below:

ETPpE.PFD's Degree of Operating Leverage is not ranked *
in the Oil & Gas industry.
Industry Median: 0.99
* Ranked among companies with meaningful Degree of Operating Leverage only.

Energy Transfer Operating LP Degree of Operating Leverage Historical Data

The historical data trend for Energy Transfer Operating LP's Degree of Operating Leverage 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 Degree of Operating Leverage Chart

Energy Transfer Operating LP Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Degree of Operating Leverage
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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
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Competitive Comparison of Energy Transfer Operating LP's Degree of Operating Leverage

For the Oil & Gas Midstream subindustry, Energy Transfer Operating LP's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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 Degree of Operating Leverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer Operating LP's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Energy Transfer Operating LP's Degree of Operating Leverage falls into.


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Energy Transfer Operating LP Degree of Operating Leverage Calculation

Energy Transfer Operating LP's Degree of Operating Leverage for the quarter that ended in Dec. 2020 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 2873 (Dec. 2020) / 7576 (Dec. 2019) - 1 )/( 38954 (Dec. 2020) / 54213 (Dec. 2019) - 1 )
=-0.6208/-0.2815
=2.21***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Energy Transfer Operating LP  (NYSE:ETPpE.PFD) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Energy Transfer Operating LP Degree of Operating Leverage Related Terms

Thank you for viewing the detailed overview of Energy Transfer Operating LP's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Energy Transfer Operating LP Business Description

Traded in Other Exchanges
N/A
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
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