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Energy Transfer LP (ET) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $19.90, marking a -1.73% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.33% for the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The energy-related services provider's stock has climbed by 0% in the past month, falling short of the Oils-Energy sector's gain of 5.67% and the S&P 500's gain of 1.41%.
Investors will be eagerly watching for the performance of Energy Transfer LP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is expected to report EPS of $0.41, up 46.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $35.6 billion, up 78.41% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $122.42 billion, indicating changes of +42.98% and +43.13%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Energy Transfer LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.52% fall in the Zacks Consensus EPS estimate. Energy Transfer LP is currently sporting a Zacks Rank of #3 (Hold).
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Energy Transfer LP (ET) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $19.90, marking a -1.73% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.33% for the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The energy-related services provider's stock has climbed by 0% in the past month, falling short of the Oils-Energy sector's gain of 5.67% and the S&P 500's gain of 1.41%.
Investors will be eagerly watching for the performance of Energy Transfer LP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is expected to report EPS of $0.41, up 46.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $35.6 billion, up 78.41% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $122.42 billion, indicating changes of +42.98% and +43.13%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Energy Transfer LP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.52% fall in the Zacks Consensus EPS estimate. Energy Transfer LP is currently sporting a Zacks Rank of #3 (Hold).
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.