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Ahead of Energy Transfer LP (ET) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Energy Transfer LP (ET - Free Report) is expected to reveal quarterly earnings of $0.33 per share, indicating an increase of 3.1% compared to the year-ago period. Analysts forecast revenues of $22.91 billion, representing an increase of 10.3% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Energy Transfer LP metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Midstream - Gathered volumes' will reach 21481 billion british thermal units per day. Compared to the current estimate, the company reported 21027 billion british thermal units per day in the same quarter of the previous year.
Analysts predict that the 'Midstream - NGLs produced' will reach 1,152.73 thousands of barrels of oil per day. The estimate compares to the year-ago value of 1,094.00 thousands of barrels of oil per day.
Analysts forecast 'Midstream - Equity NGLs' to reach 64.62 thousands of barrels of oil per day. Compared to the present estimate, the company reported 65.00 thousands of barrels of oil per day in the same quarter last year.
The combined assessment of analysts suggests that 'NGL and Refined Products Transportation and Services - NGL and refined products terminal volumes' will likely reach 1,543.19 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,505.00 thousands of barrels of oil per day in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'NGL and Refined Products Transportation and Services - NGL fractionation volumes' of 1,158.20 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,152.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'NGL and Refined Products Transportation and Services - Refined products transportation volumes' will reach 589.13 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 574.00 thousands of barrels of oil per day.
The average prediction of analysts places 'NGL and Refined Products Transportation and Services - NGL transportation volumes' at 2,307.15 thousands of barrels of oil per day. The estimate compares to the year-ago value of 2,237.00 thousands of barrels of oil per day.
The consensus estimate for 'Adjusted EBITDA- Intrastate transportation and storage' stands at $259.92 million. Compared to the current estimate, the company reported $329.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Interstate transportation and storage' should arrive at $479.40 million. Compared to the present estimate, the company reported $460.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Crude oil transportation and services' should come in at $755.57 million. The estimate is in contrast to the year-ago figure of $768.00 million.
Analysts expect 'Adjusted EBITDA- NGL and refined products transportation and services' to come in at $1.06 billion. The estimate compares to the year-ago value of $1.01 billion.
Analysts' assessment points toward 'Adjusted EBITDA- Midstream' reaching $836.62 million. The estimate compares to the year-ago value of $816.00 million.
Energy Transfer LP shares have witnessed a change of +0.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #4 (Sell), ET is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Energy Transfer LP (ET) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Energy Transfer LP (ET - Free Report) is expected to reveal quarterly earnings of $0.33 per share, indicating an increase of 3.1% compared to the year-ago period. Analysts forecast revenues of $22.91 billion, representing an increase of 10.3% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Energy Transfer LP metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Midstream - Gathered volumes' will reach 21481 billion british thermal units per day. Compared to the current estimate, the company reported 21027 billion british thermal units per day in the same quarter of the previous year.
Analysts predict that the 'Midstream - NGLs produced' will reach 1,152.73 thousands of barrels of oil per day. The estimate compares to the year-ago value of 1,094.00 thousands of barrels of oil per day.
Analysts forecast 'Midstream - Equity NGLs' to reach 64.62 thousands of barrels of oil per day. Compared to the present estimate, the company reported 65.00 thousands of barrels of oil per day in the same quarter last year.
The combined assessment of analysts suggests that 'NGL and Refined Products Transportation and Services - NGL and refined products terminal volumes' will likely reach 1,543.19 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,505.00 thousands of barrels of oil per day in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'NGL and Refined Products Transportation and Services - NGL fractionation volumes' of 1,158.20 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,152.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'NGL and Refined Products Transportation and Services - Refined products transportation volumes' will reach 589.13 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 574.00 thousands of barrels of oil per day.
The average prediction of analysts places 'NGL and Refined Products Transportation and Services - NGL transportation volumes' at 2,307.15 thousands of barrels of oil per day. The estimate compares to the year-ago value of 2,237.00 thousands of barrels of oil per day.
The consensus estimate for 'Adjusted EBITDA- Intrastate transportation and storage' stands at $259.92 million. Compared to the current estimate, the company reported $329.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Interstate transportation and storage' should arrive at $479.40 million. Compared to the present estimate, the company reported $460.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Crude oil transportation and services' should come in at $755.57 million. The estimate is in contrast to the year-ago figure of $768.00 million.
Analysts expect 'Adjusted EBITDA- NGL and refined products transportation and services' to come in at $1.06 billion. The estimate compares to the year-ago value of $1.01 billion.
Analysts' assessment points toward 'Adjusted EBITDA- Midstream' reaching $836.62 million. The estimate compares to the year-ago value of $816.00 million.
View all Key Company Metrics for Energy Transfer LP here>>>Energy Transfer LP shares have witnessed a change of +0.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #4 (Sell), ET is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .