We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Energy Transfer LP (ET) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Analysts on Wall Street project that Energy Transfer LP (ET - Free Report) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing an increase of 17.2% year over year. Revenues are projected to reach $26.02 billion, increasing 33.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Energy Transfer LP metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Midstream - Gathered volumes' to come in at 21570 billion british thermal units per day. The estimate compares to the year-ago value of 20690 billion british thermal units per day.
The average prediction of analysts places 'Midstream - NGLs produced' at 1,160.76 thousands of barrels of oil per day. The estimate compares to the year-ago value of 1,134.00 thousands of barrels of oil per day.
Based on the collective assessment of analysts, 'Midstream - Equity NGLs' should arrive at 64.91 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 59.00 thousands of barrels of oil per day.
Analysts forecast 'NGL and Refined Products Transportation and Services - NGL and refined products terminal volumes' to reach 1,674.22 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 1,465.00 thousands of barrels of oil per day.
Analysts predict that the 'NGL and Refined Products Transportation and Services - NGL fractionation volumes' will reach 1,139.30 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,141.00 thousands of barrels of oil per day in the same quarter of the previous year.
The consensus estimate for 'NGL and Refined Products Transportation and Services - Refined products transportation volumes' stands at 593.50 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 570.00 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'NGL and Refined Products Transportation and Services - NGL transportation volumes' should come in at 2,361.50 thousands of barrels of oil per day. Compared to the current estimate, the company reported 2,262.00 thousands of barrels of oil per day in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted EBITDA- Intrastate transportation and storage' will reach $271.38 million. Compared to the present estimate, the company reported $263.00 million in the same quarter last year.
It is projected by analysts that the 'Adjusted EBITDA- Interstate transportation and storage' will reach $502.98 million. Compared to the current estimate, the company reported $493.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Crude oil transportation and services' will likely reach $746.73 million. Compared to the current estimate, the company reported $760.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Adjusted EBITDA- NGL and refined products transportation and services' reaching $1.10 billion. The estimate compares to the year-ago value of $1.11 billion.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Midstream' of $810.34 million. Compared to the current estimate, the company reported $705.00 million in the same quarter of the previous year.
Over the past month, Energy Transfer LP shares have recorded returns of +4.1% versus the Zacks S&P 500 composite's -0.3% change. Based on its Zacks Rank #3 (Hold), ET will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Energy Transfer LP (ET) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Analysts on Wall Street project that Energy Transfer LP (ET - Free Report) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing an increase of 17.2% year over year. Revenues are projected to reach $26.02 billion, increasing 33.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Energy Transfer LP metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Midstream - Gathered volumes' to come in at 21570 billion british thermal units per day. The estimate compares to the year-ago value of 20690 billion british thermal units per day.
The average prediction of analysts places 'Midstream - NGLs produced' at 1,160.76 thousands of barrels of oil per day. The estimate compares to the year-ago value of 1,134.00 thousands of barrels of oil per day.
Based on the collective assessment of analysts, 'Midstream - Equity NGLs' should arrive at 64.91 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 59.00 thousands of barrels of oil per day.
Analysts forecast 'NGL and Refined Products Transportation and Services - NGL and refined products terminal volumes' to reach 1,674.22 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 1,465.00 thousands of barrels of oil per day.
Analysts predict that the 'NGL and Refined Products Transportation and Services - NGL fractionation volumes' will reach 1,139.30 thousands of barrels of oil per day. Compared to the current estimate, the company reported 1,141.00 thousands of barrels of oil per day in the same quarter of the previous year.
The consensus estimate for 'NGL and Refined Products Transportation and Services - Refined products transportation volumes' stands at 593.50 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 570.00 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'NGL and Refined Products Transportation and Services - NGL transportation volumes' should come in at 2,361.50 thousands of barrels of oil per day. Compared to the current estimate, the company reported 2,262.00 thousands of barrels of oil per day in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted EBITDA- Intrastate transportation and storage' will reach $271.38 million. Compared to the present estimate, the company reported $263.00 million in the same quarter last year.
It is projected by analysts that the 'Adjusted EBITDA- Interstate transportation and storage' will reach $502.98 million. Compared to the current estimate, the company reported $493.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Crude oil transportation and services' will likely reach $746.73 million. Compared to the current estimate, the company reported $760.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Adjusted EBITDA- NGL and refined products transportation and services' reaching $1.10 billion. The estimate compares to the year-ago value of $1.11 billion.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Midstream' of $810.34 million. Compared to the current estimate, the company reported $705.00 million in the same quarter of the previous year.
View all Key Company Metrics for Energy Transfer LP here>>>Over the past month, Energy Transfer LP shares have recorded returns of +4.1% versus the Zacks S&P 500 composite's -0.3% change. Based on its Zacks Rank #3 (Hold), ET will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .