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.