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Energy Transfer ET Redemption of preferred stock

Redemption of preferred stock at other companies

Oneok logo
OneokOKE
$0-100%
NGL Energy Partners logo
NGL Energy PartnersNGL
$295.35M
Genesis Energy logo
Genesis EnergyGEL
$84.39M

Other financials

Income statement

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Revenue$34.3B+78.4%
Gross profit$7.4B+39.7%
Operating income$3.6B+54.8%
Net income$2.1B+79.5%
EPS (diluted)$0.59+84.4%

Balance sheet

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Cash & equivalents$1.0B+321%
Total debt$70.2B+14.1%
Total assets$148.17B+18.5%

Cash flow

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Operating cash flow$4.3B+54.6%
CapEx$1.6B-5.7%
Free cash flow$2.7B+145%

Valuation

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Market cap$71.17B+16.1%
Enterprise value$140.39B+14.5%
P/E13.5×+0.5×
P/S0.7×-0.1×

Profitability

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Gross margin23.6%-2.8pp
Operating margin10%-1.4pp
Net margin4.9%-1.0pp
FCF margin5.1%-2.0pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The source filing: Energy Transfer’s 10-K, filed February 14, 2025.

Filed
Feb 14, 2025
Fiscal year
FY2024
Accession
0001276187-25-000018
Line itemYears Ended December 31, 2024Years Ended December 31, 2023Years Ended December 31, 2022
Proceeds from borrowings34,15032,13028,838
Repayments of debt(29,409)(31,416)(29,681)
USAC investments in government securities in connection with the legal defeasance of senior notes(749)
Redemption of Series A, Series C, Series D and Series E Preferred Units(2,645)
Sunoco LP redemption of NuStar preferred units(784)
Redemption of Crestwood Niobrara LLC preferred units(37)
Capital contributions from noncontrolling interests6383405
Capital contributions from redeemable noncontrolling interests2

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Energy Transfer's redemption of preferred stock?
Energy Transfer (ET) reported redemption of preferred stock of $0 in Q4 2023.
What does redemption of preferred stock mean?
Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

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