Energy Transfer Q3 earnings on deck: What to expect
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
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- 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.
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Seeking Alpha’s Quant rating system has given Energy Transfer a “Buy” rating with a score of 4.04 out of 5.
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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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