Energy Transfer LP (ET - Free Report) delivered fourth-quarter 2018 earnings of 26 cents per unit, which lagged the Zacks Consensus Estimate of 33 cents by 21.21%. However, earnings improved from the year-ago quarter’s tally of 22 cents by 18.2%.
In 2018, Energy Transfer reported earnings of $1.15 per unit, up from 83 cents in 2017.
Total Revenues
In the quarter under review, Energy Transfer’s total revenues amounted to $13,573 million, which lagged the Zacks Consensus Estimate of $14,845 million by 8.5%. However, total revenues were up 18.5% from the year-ago quarter’s figure of $11,451 million.
In 2018, the partnership generated revenues of $54,087 million, up from $40,523 million in 2017.
Operational highlights
Total costs and expenses amounted to $12,154 million, up 8.8% from $11,161 million in the year-ago quarter. The increase can be primarily attributed to higher cost of products sold.
Operating income came in at $1,419 million in the fourth quarter, up 389.3% from the year-ago quarter’s figure of $290 million.
Total interest expenses increased 12.8% to $544 million from $482 million in the year-ago quarter.
Financial Condition
As of Dec 31, 2018, Energy Transfer had current assets of $6,750 million, down from the 2017-end level of $10,683 million.
On Dec 31, 2018, the company had long-term debt (excluding current maturities) of $43,373 million, down from $43,671 million at the end of 2017.
Other Releases
Murphy Oil Corporation (MUR - Free Report) delivered fourth-quarter 2018 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 26 cents by 19.2%.
CNX Resources Corporation (CNX - Free Report) delivered adjusted earnings of 67 cents per share in fourth-quarter 2018, which surpassed the Zacks Consensus Estimate of 28 cents by 139.3%.
Anadarko Petroleum Corporation’s fourth-quarter 2018 adjusted earnings of 38 cents per share missed the Zacks Consensus Estimate of 57 cents by 33.33%.
Zacks Rank
Energy Transfer currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Energy Transfer LP (ET - Free Report) delivered fourth-quarter 2018 earnings of 26 cents per unit, which lagged the Zacks Consensus Estimate of 33 cents by 21.21%. However, earnings improved from the year-ago quarter’s tally of 22 cents by 18.2%.
In 2018, Energy Transfer reported earnings of $1.15 per unit, up from 83 cents in 2017.
Total Revenues
In the quarter under review, Energy Transfer’s total revenues amounted to $13,573 million, which lagged the Zacks Consensus Estimate of $14,845 million by 8.5%. However, total revenues were up 18.5% from the year-ago quarter’s figure of $11,451 million.
In 2018, the partnership generated revenues of $54,087 million, up from $40,523 million in 2017.
Operational highlights
Total costs and expenses amounted to $12,154 million, up 8.8% from $11,161 million in the year-ago quarter. The increase can be primarily attributed to higher cost of products sold.
Operating income came in at $1,419 million in the fourth quarter, up 389.3% from the year-ago quarter’s figure of $290 million.
Total interest expenses increased 12.8% to $544 million from $482 million in the year-ago quarter.
Financial Condition
As of Dec 31, 2018, Energy Transfer had current assets of $6,750 million, down from the 2017-end level of $10,683 million.
On Dec 31, 2018, the company had long-term debt (excluding current maturities) of $43,373 million, down from $43,671 million at the end of 2017.
Other Releases
Murphy Oil Corporation (MUR - Free Report) delivered fourth-quarter 2018 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 26 cents by 19.2%.
CNX Resources Corporation (CNX - Free Report) delivered adjusted earnings of 67 cents per share in fourth-quarter 2018, which surpassed the Zacks Consensus Estimate of 28 cents by 139.3%.
Anadarko Petroleum Corporation’s fourth-quarter 2018 adjusted earnings of 38 cents per share missed the Zacks Consensus Estimate of 57 cents by 33.33%.
Zacks Rank
Energy Transfer currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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