A month has gone by since the last earnings report for ENERGY TRANSFER PARTNERS . Shares have lost about 6.9% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Fourth-Quarter 2016 Earnings
Energy Transfer Partners reported fourth-quarter 2016 loss of $0.07 per limited partner unit. The Zacks Consensus Estimate was of earnings of $0.20 per limited partner unit. The bottom line also compared unfavorably with the year-ago quarter profit of $0.02 per limited partner unit.
Quarterly revenues increased to $6,526 million from $5,825 million a year ago. The top line also beat the Zacks Consensus Estimate of $5,713 million.
EBITDA & Operating Income
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter were $1,430 million compared with $1,357 million a year ago.
The partnership’s operating loss of $165 million compared unfavorably with an income of $187 million in fourth-quarter 2015.
Total Expense
Energy Transfer Partners reported total expense of $6,691 million in fourth-quarter 2016. It had recorded total expense of $5,638 million in the year-ago period.
Distributable Cash Flow
Distributable cash flow of $796 million was significantly lower than the prior-year quarter level of $879 million.
Capital Expenditure
Maintenance capital expenditure totaled $134 million compared with $177 million in the fourth quarter of 2015.
Balance Sheet
As of Dec 31, 2016, Energy Transfer Partners had long-term debt (less current maturities) of $31,741 million. Debt-to-capitalization ratio was about 54.4%.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed an upward trend for fresh estimates. There have been two revisions higher for the current quarter In the past month, the consensus estimate has shifted by 65.7% due to these changes.
VGM Scores
At this time, ENERGY TRANSFER PARTNERS ' stock has a poor Growth Score of 'F', however its Momentum is doing a lot better with an 'A'. Charting a somewhat similar path, the stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'C'. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for momentum investors than value investors.
Outlook
Estimates have been trending upward for the stock. The magnitude of these revisions also looks promising. Notably, the stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock in the next few months.
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Why Is ENERGY TRANSFER PARTNERS (ETP) Down 6.9% Since the Last Earnings Report?
A month has gone by since the last earnings report for ENERGY TRANSFER PARTNERS . Shares have lost about 6.9% in that time frame, underperforming the market.
Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Fourth-Quarter 2016 Earnings
Energy Transfer Partners reported fourth-quarter 2016 loss of $0.07 per limited partner unit. The Zacks Consensus Estimate was of earnings of $0.20 per limited partner unit. The bottom line also compared unfavorably with the year-ago quarter profit of $0.02 per limited partner unit.
Quarterly revenues increased to $6,526 million from $5,825 million a year ago. The top line also beat the Zacks Consensus Estimate of $5,713 million.
EBITDA & Operating Income
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter were $1,430 million compared with $1,357 million a year ago.
The partnership’s operating loss of $165 million compared unfavorably with an income of $187 million in fourth-quarter 2015.
Total Expense
Energy Transfer Partners reported total expense of $6,691 million in fourth-quarter 2016. It had recorded total expense of $5,638 million in the year-ago period.
Distributable Cash Flow
Distributable cash flow of $796 million was significantly lower than the prior-year quarter level of $879 million.
Capital Expenditure
Maintenance capital expenditure totaled $134 million compared with $177 million in the fourth quarter of 2015.
Balance Sheet
As of Dec 31, 2016, Energy Transfer Partners had long-term debt (less current maturities) of $31,741 million. Debt-to-capitalization ratio was about 54.4%.
How Have Estimates Been Moving Since Then?
Following the release, investors have witnessed an upward trend for fresh estimates. There have been two revisions higher for the current quarter In the past month, the consensus estimate has shifted by 65.7% due to these changes.
ENERGY TRANSFER PARTNERS Price and Consensus
ENERGY TRANSFER PARTNERS Price and Consensus | ENERGY TRANSFER PARTNERS Quote
VGM Scores
At this time, ENERGY TRANSFER PARTNERS ' stock has a poor Growth Score of 'F', however its Momentum is doing a lot better with an 'A'. Charting a somewhat similar path, the stock was allocated a grade of 'B' on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of 'C'. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for momentum investors than value investors.
Outlook
Estimates have been trending upward for the stock. The magnitude of these revisions also looks promising. Notably, the stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock in the next few months.