Energy Retained Earnings vs Net Working Capital Analysis

ET Stock

USD 16.04 0.08 0.50%

Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Retained Earnings and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Transfer LP Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between Energy Transfer's Retained Earnings and Net Working Capital is 0.38. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Energy Transfer LP are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., Energy Transfer's Retained Earnings and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Working Capital

Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At this time, Energy Transfer's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.42 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	13.2B	13.5B	13.7B	14.3B
Total Revenue	67.4B	89.9B	78.6B	82.5B

Gross Profit Total Revenue

Energy Transfer fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab
Total Assets		0.99	0.95	0.91	0.34	0.99	0.43	0.99	0.73	0.11	1.0	-0.62	0.1	0.72	0.16	0.65	0.3	0.99	0.9	-0.16	0.17	0.99	0.8	0.76	0.17	0.79
Short Long Term Debt Total	0.99		0.95	0.84	0.27	0.98	0.36	1.0	0.66	0.11	0.99	-0.62	0.1	0.65	0.16	0.62	0.24	1.0	0.87	-0.1	0.08	0.99	0.77	0.71	0.14	0.82
Other Current Liab	0.95	0.95		0.87	0.2	0.92	0.22	0.95	0.63	0.28	0.96	-0.44	0.28	0.59	0.38	0.49	0.19	0.96	0.88	-0.06	-0.01	0.97	0.67	0.67	0.23	0.71
Total Current Liabilities	0.91	0.84	0.87		0.43	0.88	0.49	0.84	0.83	0.14	0.9	-0.48	0.14	0.76	0.21	0.56	0.34	0.85	0.9	-0.19	0.32	0.89	0.76	0.81	0.36	0.63
Total Stockholder Equity	0.34	0.27	0.2	0.43		0.36	0.89	0.27	0.67	-0.31	0.33	-0.56	-0.31	0.78	-0.21	0.7	0.49	0.25	0.32	-0.46	0.91	0.28	0.72	0.68	0.3	0.42
Property Plant And Equipment Net	0.99	0.98	0.92	0.88	0.36		0.46	0.98	0.72	0.0	0.99	-0.69	0.0	0.72	0.04	0.7	0.31	0.97	0.85	-0.19	0.17	0.98	0.82	0.74	0.14	0.79
Current Deferred Revenue	0.43	0.36	0.22	0.49	0.89	0.46		0.36	0.8	-0.32	0.41	-0.76	-0.32	0.89	-0.32	0.86	0.43	0.33	0.37	-0.45	0.86	0.36	0.84	0.76	0.08	0.49
Net Debt	0.99	1.0	0.95	0.84	0.27	0.98	0.36		0.66	0.09	0.99	-0.62	0.09	0.66	0.15	0.63	0.24	1.0	0.87	-0.1	0.08	0.99	0.78	0.71	0.13	0.82
Accounts Payable	0.73	0.66	0.63	0.83	0.67	0.72	0.8	0.66		-0.02	0.71	-0.66	-0.02	0.97	0.02	0.78	0.4	0.66	0.75	-0.25	0.64	0.7	0.91	0.97	0.19	0.66
Cash	0.11	0.11	0.28	0.14	-0.31	0.0	-0.32	0.09	-0.02		0.11	0.45	1.0	-0.12	0.82	-0.34	-0.15	0.17	0.26	0.11	-0.25	0.16	-0.14	-0.01	0.23	0.02
Non Current Assets Total	1.0	0.99	0.96	0.9	0.33	0.99	0.41	0.99	0.71	0.11		-0.62	0.11	0.7	0.17	0.65	0.28	0.99	0.89	-0.15	0.14	0.99	0.8	0.74	0.17	0.79
Non Currrent Assets Other	-0.62	-0.62	-0.44	-0.48	-0.56	-0.69	-0.76	-0.62	-0.66	0.45	-0.62		0.45	-0.76	0.49	-0.95	-0.34	-0.58	-0.39	0.34	-0.39	-0.57	-0.84	-0.64	0.15	-0.61
Cash And Short Term Investments	0.1	0.1	0.28	0.14	-0.31	0.0	-0.32	0.09	-0.02	1.0	0.11	0.45		-0.12	0.82	-0.34	-0.15	0.16	0.26	0.11	-0.25	0.16	-0.14	-0.01	0.23	0.02
Net Receivables	0.72	0.65	0.59	0.76	0.78	0.72	0.89	0.66	0.97	-0.12	0.7	-0.76	-0.12		-0.06	0.88	0.39	0.64	0.68	-0.3	0.7	0.68	0.96	0.96	0.17	0.7
Good Will	0.16	0.16	0.38	0.21	-0.21	0.04	-0.32	0.15	0.02	0.82	0.17	0.49	0.82	-0.06		-0.36	-0.22	0.23	0.39	0.22	-0.16	0.23	-0.11	0.08	0.28	0.15
Common Stock Shares Outstanding	0.65	0.62	0.49	0.56	0.7	0.7	0.86	0.63	0.78	-0.34	0.65	-0.95	-0.34	0.88	-0.36		0.37	0.59	0.48	-0.39	0.52	0.6	0.91	0.75	-0.05	0.61
Short Term Investments	0.3	0.24	0.19	0.34	0.49	0.31	0.43	0.24	0.4	-0.15	0.28	-0.34	-0.15	0.39	-0.22	0.37		0.23	0.34	-0.86	0.48	0.25	0.34	0.36	-0.22	0.17
Non Current Liabilities Total	0.99	1.0	0.96	0.85	0.25	0.97	0.33	1.0	0.66	0.17	0.99	-0.58	0.16	0.64	0.23	0.59	0.23		0.89	-0.1	0.07	1.0	0.76	0.71	0.14	0.82
Inventory	0.9	0.87	0.88	0.9	0.32	0.85	0.37	0.87	0.75	0.26	0.89	-0.39	0.26	0.68	0.39	0.48	0.34	0.89		-0.17	0.25	0.91	0.69	0.78	0.17	0.73
Other Current Assets	-0.16	-0.1	-0.06	-0.19	-0.46	-0.19	-0.45	-0.1	-0.25	0.11	-0.15	0.34	0.11	-0.3	0.22	-0.39	-0.86	-0.1	-0.17		-0.42	-0.12	-0.26	-0.14	0.18	-0.06
Other Stockholder Equity	0.17	0.08	-0.01	0.32	0.91	0.17	0.86	0.08	0.64	-0.25	0.14	-0.39	-0.25	0.7	-0.16	0.52	0.48	0.07	0.25	-0.42		0.11	0.58	0.63	0.18	0.33
Total Liab	0.99	0.99	0.97	0.89	0.28	0.98	0.36	0.99	0.7	0.16	0.99	-0.57	0.16	0.68	0.23	0.6	0.25	1.0	0.91	-0.12	0.11		0.77	0.74	0.18	0.81
Property Plant And Equipment Gross	0.8	0.77	0.67	0.76	0.72	0.82	0.84	0.78	0.91	-0.14	0.8	-0.84	-0.14	0.96	-0.11	0.91	0.34	0.76	0.69	-0.26	0.58	0.77		0.92	0.18	0.82
Total Current Assets	0.76	0.71	0.67	0.81	0.68	0.74	0.76	0.71	0.97	-0.01	0.74	-0.64	-0.01	0.96	0.08	0.75	0.36	0.71	0.78	-0.14	0.63	0.74	0.92		0.18	0.74
Short Term Debt	0.17	0.14	0.23	0.36	0.3	0.14	0.08	0.13	0.19	0.23	0.17	0.15	0.23	0.17	0.28	-0.05	-0.22	0.14	0.17	0.18	0.18	0.18	0.18	0.18		0.16
Other Liab	0.79	0.82	0.71	0.63	0.42	0.79	0.49	0.82	0.66	0.02	0.79	-0.61	0.02	0.7	0.15	0.61	0.17	0.82	0.73	-0.06	0.33	0.81	0.82	0.74	0.16

Click cells to compare fundamentals

Energy Transfer Account Relationship Matchups

Energy Transfer fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	98.9B	95.1B	106.0B	105.6B	113.7B	60.0B
Short Long Term Debt Total	51.9B	52.3B	49.8B	49.1B	53.2B	30.0B
Other Current Liab	3.0B	3.4B	2.9B	2.9B	3.0B	1.9B
Total Current Liabilities	7.7B	5.9B	10.8B	10.4B	11.3B	5.7B
Total Stockholder Equity	(11M)	6M	23M	40.7B	43.9B	46.1B
Property Plant And Equipment Net	75.2B	76.0B	82.4B	81.1B	86.2B	43.5B
Current Deferred Revenue	123M	161M	346M	490M	552M	579.6M
Net Debt	51.6B	51.9B	49.5B	48.8B	53.1B	29.7B
Accounts Payable	4.1B	2.8B	6.8B	7.0B	6.7B	7.0B
Cash	419M	291M	367M	257M	161M	311.2M
Non Current Assets Total	91.0B	88.8B	95.4B	93.6B	101.3B	54.1B
Non Currrent Assets Other	(2.1B)	(1.8B)	(2.0B)	(2.1B)	(2.2B)	(2.1B)
Cash And Short Term Investments	419M	291M	367M	257M	161M	312.7M
Net Receivables	5.3B	4.0B	7.7B	8.6B	9.2B	9.7B
Good Will	5.2B	2.4B	2.5B	2.6B	4.0B	3.7B
Common Stock Shares Outstanding	2.6B	2.7B	2.7B	3.1B	3.2B	3.3B
Short Term Investments	23M	9M	10M	2.9B	66M	62.7M
Liabilities And Stockholders Equity	77.1B	76.6B	74.7B	72.6B	69.0B	50.6B
Non Current Liabilities Total	56.6B	57.1B	55B	54.1B	57.7B	33.4B
Inventory	1.9B	1.7B	2.0B	2.5B	2.5B	1.4B
Other Current Assets	298M	222M	447M	(11.3B)	308M	323.4M
Other Stockholder Equity	(21.9B)	(18.5B)	(23M)	40.6B	43.9B	46.1B
Total Liab	64.3B	63.0B	65.8B	64.5B	69.0B	39.1B
Property Plant And Equipment Gross	75.2B	76.5B	104.0B	106.0B	115.8B	121.5B
Total Current Assets	7.9B	6.3B	10.5B	12.1B	12.4B	13.1B
Accumulated Other Comprehensive Income	(11M)	6M	23M	16M	28M	29.4M
Short Term Debt	86M	74M	727M	47M	1.1B	1.1B
Other Liab	4.6B	4.8B	5.2B	5.1B	5.8B	6.1B
Other Assets	1.1B	4.7B	10.1B	10.7B	12.4B	13.0B
Long Term Debt	51.0B	51.4B	49.0B	48.3B	51.4B	31.1B
Intangible Assets	6.2B	5.7B	5.9B	5.4B	6.2B	3.9B
Common Stock	21.9B	18.5B	25.2B	27.0B	30.2B	31.7B
Property Plant Equipment	74.2B	75.1B	82.4B	80.3B	92.4B	97.0B
Net Tangible Assets	23.5B	20.1B	16.9B	26.3B	30.3B	31.8B
Noncontrolling Interest In Consolidated Entity	12.0B	12.9B	8.0B	7.6B	6.9B	12.0B
Long Term Debt Total	51.0B	51.4B	49.0B	48.3B	55.5B	38.9B
Deferred Long Term Liab	3.5B	3.7B	3.8B	3.7B	4.3B	3.7B
Long Term Investments	3.5B	3.1B	2.9B	2.9B	3.1B	3.4B
Non Current Liabilities Other	1.2B	1.2B	1.3B	1.3B	1.6B	1.2B

Pair Trading with Energy Transfer

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Energy Transfer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Energy Transfer will appreciate offsetting losses from the drop in the long position's value.

Moving together with Energy Stock

0.94	AM	Antero Midstream Partners	Pair Corr
0.85	EE	Excelerate Energy	Pair Corr

The ability to find closely correlated positions to Energy Transfer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Transfer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Energy Transfer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Energy Transfer LP to buy it.

The correlation of Energy Transfer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Energy Transfer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Transfer LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Energy Transfer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Energy Transfer LP is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Energy Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Energy Transfer Lp Stock. Highlighted below are key reports to facilitate an investment decision about Energy Transfer Lp Stock:

How To Invest In Energy

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Is Energy Stock a good investment?

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What is Energy Transfer's Net Worth?

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Largest Oil & Gas Midstream Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Energy Stock analysis

When running Energy Transfer's price analysis, check to measure Energy Transfer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.

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Is Energy Transfer's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Energy Transfer. If investors know Energy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Energy Transfer listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.003

Dividend Share

1.255

Earnings Share

1.09

Revenue Per Share

25.146

Quarterly Revenue Growth

0.139

The market value of Energy Transfer LP is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Transfer's value that differs from its market value or its book value, called intrinsic value, which is Energy Transfer's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Energy Transfer's market value can be influenced by many factors that don't directly affect Energy Transfer's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Energy Retained Earnings vs Net Working Capital Analysis

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Working Capital

Energy Transfer fundamental ratios Correlations

Energy Transfer Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Energy Transfer fundamental ratios Accounts

Pair Trading with Energy Transfer

Moving together with Energy Stock

Complementary Tools for Energy Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock Shares Outstanding	- 0.95	Non Currrent Assets Other
Other Current Assets	- 0.86	Short Term Investments
Property Plant And Equipment Gross	- 0.84	Non Currrent Assets Other
Net Receivables	- 0.76	Non Currrent Assets Other
Non Currrent Assets Other	- 0.76	Current Deferred Revenue
Non Currrent Assets Other	- 0.69	Property Plant And Equipment Net