Energy Transfer (NYSE:ET) is scheduled to announce Q2 earnings results on Wednesday, August 6th, after market close.
Wall Street, on average, expects the oil and gas storage and transportation company to post a quarterly EPS of $0.27 on revenue of $22.53B (+8.7% Y/Y).
In the first quarter, Energy Transfer reported mixed performance as its earnings came in-line with estimates while the revenue missed analyst expectations.
“Strategic growth projects, especially in NGL exports, position ET to benefit from the ongoing U.S. shale boom and global energy transition trends,” pointed out a recent Seeking Alpha analysis.
Most recently, Energy Transfer announced that it will supply Chevron (CVX) with an additional 1M metric tons/year of liquefied natural gas from its Lake Charles LNG export facility.
Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 2 upward revisions and 3 downward.
Since the start of the year, ET shares have fallen 9.2%, compared to the 7.6% rise in the broader S&P 500 index (SP500).
Seeking Alpha’s Quant recommended the stock as a Buy, while the Wall Street analysts see the company as a Strong Buy.
ET shares were down nearly 1% on Tuesday.
More on Energy Transfer
- Energy Transfer: Unmatched Mix Of Yield And Stability
- Energy Transfer: Accumulate The High Yields While The Market Worries
- Energy Transfer: The Distribution Looks Safe For Now – But Here’s What Worries Me
- Earnings week ahead: AMD, PLTR, PFE, DIS, O, ET, SHOP, GILD, MCD, CAT, VTRS, BP, UBER, CGC, and more
- Energy Transfer dividend ticks higher by 0.8% to $0.33