Energy Transfer Q3 earnings on deck: What to expect

Energy Transfer (NYSE:ET) is scheduled to announce Q3 earnings results on Wednesday, November 6th, after market close, with analysts expecting an EPS estimate of $0.22, on revenue of $21.59B (+4.1% Y/Y).
The company has recently signed a preliminary contract with a consortium led by KBR (KBR) and Technip Energies (OTCPK:THNPY) for the construction of its proposed Lake Charles LNG plant in Louisiana.
ET’s Q2 results showed strong adjusted EBITDA growth, driven by record pipeline volumes and strategic asset optimization.
And despite risks like integration challenges and market volatility, ET’s strategic initiatives and undervaluation make it an attractive investment for growth and stability, Seeking Alpha analyst Danil Sereda wrote.
The strong performance, strategic acquisitions, and a healthy balance sheet, makes it a “Buy” ahead of Q3 earnings, a quantitative research analyst who goes by the name Oakoff Investments wrote.
Over the last 1 year, ET has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 3 upward revisions and 3 downward.
Seeking Alpha’s Quant rating system has given Energy Transfer a “Buy” rating with a score of 4.04 out of 5.
The Dallas, Texas-based company has been graded A for profitability and B+ for momentum, while its growth and valuation prospects have been graded C+.

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