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Compared to Estimates, Energy Transfer LP (ET) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Energy Transfer LP (ET - Free Report) reported revenue of $37.1 billion, up 85.9% over the same period last year. EPS came in at $0.33, compared to $0.28 in the year-ago quarter.

The reported revenue represents a surprise of +4.22% over the Zacks Consensus Estimate of $35.6 billion. With the consensus EPS estimate being $0.41, the EPS surprise was -19.51%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Energy Transfer LP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Midstream - Gathered volumes: 22,941.00 BBtu/D compared to the 22,407.58 BBtu/D average estimate based on two analysts.
  • Midstream - NGLs produced: 1269 millions of barrels of oil compared to the 1221.78 millions of barrels of oil average estimate based on two analysts.
  • Midstream - Equity NGLs: 74 millions of barrels of oil versus 69.14 millions of barrels of oil estimated by two analysts on average.
  • NGL and Refined Products Transportation and Services - NGL transportation volumes: 2630 millions of barrels of oil versus 2592.64 millions of barrels of oil estimated by two analysts on average.
  • Crude Oil Transportation and Services - Crude oil transportation volumes: 7107 millions of barrels of oil versus the two-analyst average estimate of 7440.59 millions of barrels of oil.
  • NGL and Refined Products Transportation and Services - Refined products transportation volumes: 539 millions of barrels of oil versus 582.63 millions of barrels of oil estimated by two analysts on average.
  • NGL and Refined Products Transportation and Services - NGL and refined products terminal volumes: 1805 millions of barrels of oil compared to the 1874.57 millions of barrels of oil average estimate based on two analysts.
  • Intrastate Transportation and Storage - Natural gas transported: 15,759.00 BBtu/D versus the two-analyst average estimate of 14,010.17 BBtu/D.
  • NGL and Refined Products Transportation and Services - NGL fractionation volumes: 1184 millions of barrels of oil versus the two-analyst average estimate of 1186.82 millions of barrels of oil.
  • Adjusted EBITDA- Investment in USAC: $198 million versus the three-analyst average estimate of $197.38 million.
  • Adjusted EBITDA- Intrastate transportation and storage: $346 million versus $309.08 million estimated by three analysts on average.
  • Adjusted EBITDA- Interstate transportation and storage: $500 million compared to the $468.77 million average estimate based on three analysts.

View all Key Company Metrics for Energy Transfer LP here>>>

Shares of Energy Transfer LP have returned +0.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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