ETPRI Latest Report

Performance Review

Energy Transfer's Preferred I Stock (ETPRI) had a total operating revenue of $19.541 billion as of December 31, 2024, a year-on-year decrease of approximately 4.42% from $20.532 billion in 2023. This indicates that the company faces certain challenges in terms of revenue generation, possibly related to market conditions, cost increases, or other external factors.

Key Financial Data

1. Total sales revenue in 2024 was $19.541 billion, a 4.42% decrease from $20.532 billion in 2023.

2. Sales costs in 2024 were $14.157 billion, a decrease from $15.78 billion in 2023.

3. Operating expenses, special items increased to $1.443 billion, up from $1.144 billion in 2023.

4. Net income in 2024 was $1.08 billion, a significant decline from $1.33 billion in 2023.

5. Average oil transportation was 6.83 million barrels per day, a significant increase from 5.95 million barrels per day in the fourth quarter of 2023.

Industry Comparison

1. Overall industry analysis: The overall operating revenue is affected by global energy price fluctuations, policy adjustments, and changes in market demand. In the first three quarters of 2024, the profits of thermal and hydroelectric power generation increased significantly, while the profits of clean energy generation slightly decreased, reflecting the complexity and challenges of the energy industry.

2. Peer evaluation analysis: Energy Transfer's total operating revenue decreased by 4.42%, which needs to be compared with the changes of other companies in the industry. If the industry as a whole performs poorly, it indicates a common problem; if other companies perform well, it may suggest that Energy Transfer has problems in its operating strategy or market adaptability.

Summary

Energy Transfer's revenue decline in 2024 is mainly due to changes in market demand, increased competition, and external economic factors. Although sales costs have decreased, the overall revenue reduction may increase the company's future operating pressure. At the same time, the reduction in revenue and the increase in special expenses may also affect the company's net profit performance.

Opportunities

1. With a significant increase in oil transportation, Energy Transfer has the opportunity to enhance its market share by further expanding its collection system.

2. The company can improve its profitability by leveraging the growth of adjusted EBITDA and enhancing investor confidence.

3. With the promotion of clean energy policies, Energy Transfer can actively participate in market trading and seize the opportunities of renewable energy development.

Risks

1. Market saturation and competitive pressure may affect Energy Transfer's profit levels, especially in the pipeline and export sectors.

2. Global economic uncertainty and policy changes may lead to increased operating costs and affect the company's profitability.

3. The promotion of renewable energy generation projects to participate in market trading may lead to price fluctuations, increasing market competition and affecting electricity sales revenue.