E490 - Energy Transfer's 68 Billion Debt Tightrope

🛢️ Energy Transfer's $68 Billion Debt Tightrope

Energy Transfer looks like a cash-flow machine. But how much weight can $68 billion of debt put on the saddle?

In this episode of Trail Boss Radio, we're taking Energy Transfer LP (ET) down the trail.

The headline numbers are enormous:

💰 $85.54B revenue
💵 $10.15B operating cash flow
📊 $9.03B operating income
💰 $4.43B net income
🏦 $68.31B long-term debt
💵 $1.27B cash on hand

Energy Transfer operates like a giant toll road for American energy. Its pipelines, NGL systems, crude oil operations, and export infrastructure generate large amounts of cash a...