Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 20.8B | 0.2% |
| Gross Profit | 4.86B | 2.6% |
| Cost of Revenue | 15.9B | 0.5% |
| Operating expense | 1.66B | 72.2% |
| Net Income | 1.18B | 10% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 124B | 2.5% |
| Total Liabilities | 78.9B | 4% |
| Total Equity | 42M | 12.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.87B | 26.6% |
| Cash from investing | -3.28B | 7397.8% |
| Cash from financing | 59M | 101.6% |
EPS
Financial Highlights for Energy Transfer in Q3 '24
Energy Transfer reported a revenue of 20.8B, which is a 0.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 4.86B, marking a 2.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 15.9B, a -0.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.66B, showing a 72.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.18B, showing a -10% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Energy Transfer faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
