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It repaid debt, which steadily drove down its leverage ratio. Today, Energy Transfer has a strong investment-grade balance sheet with a leverage ratio in the lower half of its 4.0-to-4.5x That improving leverage ratio has provided Energy Transfer with increased financial flexibility. times target range. billion.
This was done because management had to choose between paying the dividend or putting money to work in capitalinvestment projects that would grow the company. KMI Financial Debt to EBITDA (TTM) data by YCharts That said, a part of the problem was Kinder Morgan's more aggressive use of leverage than its peers'.
Investors are no longer quite as positive about funding capitalinvestments in the midstream sector despite the still vital nature of the services it provides to the global economy. The end goal was for Enterprise to replace its use of issuing equity with internal cash flow to fund more of its own capitalinvestment projects.
Avoiding the need to tap the capital markets The most prominent benefit for miners from working with Wheaton, or peers like Royal Gold (NASDAQ: RGLD) and Franco-Nevada (NYSE: FNV) , is that they don't have to sell stock or issue debt. The payment it made covered around 78% of the capitalinvestment Vale was making in the Salobo mine.
These deals are expected to be completed by the end of the year and will increase the Enbridge's exposure to natural gas utilities from 12% of earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) to 22%. That's because the company is buying three regulated natural gas utilities from Dominion Energy.
Kinder Morgan has done a good job of balancing investments and financial discipline. It has continued to reduce its leverage and now plans to finish the year with a net debt-to-adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) ratio of just 3.9.
In fact, the company's debt-to-EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) is actually lower today than it was at the start of 2023. What's interesting is that Enbridge's leverage is right in line with some of the largest utilities, and its business has a notable utility component to it.
It also anticipates that its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) will grow by 3% or more each year during that period, supported in part by the expectation that it will capture more than $3 billion in annual cost savings by 2027. The telecom company's strategy is working.
We are pleased with our overall results for the quarter, with 8% growth in resort reported EBITDA [earningsbeforeinterest, taxes, depreciation, and amortization] compared to the prior year. Management noted strong overall results despite visitation shifts and changing destination guest patterns.
Enterprise has low leverage relative to peers You can find other companies offering high yields in the midstream space. But Enterprise actually stands out from its closest peers because its debt-to-EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) ratio is roughly 3.1 times in 2023.
Then the pandemic hit, and low oil prices coupled with a heavily leveraged balance sheet forced Occidental to make a dividend cut. It's investing heavily to build out direct air capture (DAC) projects that would suck carbon dioxide from the air for permanent sequestration underground. That's a 25% increase from last year's level.
Aurora delivered record adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) of 10.1 The company's strategy centers on building consumer brands and leveraging distribution networks across multiple market segments. Recent financial results validate this approach. million Canadian dollars ($7.04
AT&T also delivered on its earnings growth expectations. Its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) was up 3.1% (compared to its guidance in the 3% range), while its adjusted earnings were $2.26 per share (exceeding the high end of its $2.20-$2.25 forecast range).
EBITDA = Earningsbeforeinterest, taxes, depreciation, and amortization. Recently, the company has focused on expanding its domestic production capabilities and leveraging government incentives to enhance competitive positioning. EBITDA ($49.7 million) N/A ($18.3 million) (172%) Adj. gross profit margin 12.5%
Leveraging its existing relationships, the company can now offer these events to both its betting and media partners, adding even more value to their partnership. In addition to these figures, Sportradar's cash return on investedcapital (ROIC) has also been rising lately.
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