Energy Transfer Q3 2025 earnings preview: Analyst sentiment mostly negative

Energy Transfer (ET) is scheduled to announce Q3 earnings results on Wednesday, November 5th, after market close.

Wall Street, on average, expects the energy company to post a quarterly EPS of $0.28 on revenue of $21.81B (+5.0% Y/Y).

In the second quarter, Energy Transfer delivered a results miss.

Recently, Jefferies initiated ET coverage with a Hold rating, driven by a lack of absolute growth related to the partnership’s natural gas angle and headwinds facing the natural gas liquids business amid a weaker oil macro and increasing Permian NGL competition.

“ET’s aggressive investment in growth projects, particularly in natural gas and LNG, positions ET to benefit from AI-driven demand and geopolitical shifts,” pointed out a recent Seeking Alpha analysis.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 1 upward revision and 5 downward.

Since the start of the year, ET shares have fallen nearly 15%, compared to the 16.5% rise in the broader S&P 500 index (SP500).

Seeking Alpha’s Quant recommended the stock as a Hold, while the Wall Street analysts see the company as a Strong Buy.

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