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What's in the Offing for Energy Transfer's (ET) Q1 Earnings?
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Energy Transfer LP (ET - Free Report) is scheduled to release first-quarter 2020 results on May 11. This oil and gas midstream firm came up with a positive earnings surprise of 11.8%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
The firm’s first-quarter earnings are expected to have benefited from the acquisition of SemGroup Corporation, which was completed in fourth-quarter 2019.
The firm has placed several projects in service including the J.C. Nolan Diesel Pipeline, the Permian Express four pipeline, two processing plants in West Texas and the sixth fractionator at Mont Belvieu. All these projects are expected to have contributed to first-quarter earnings.
Q1 Expectation
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 32 cents per unit and $14.02 billion, respectively. The revenue projection indicates a 6.86% increase, while the bottom-line estimate indicates a decline of 13.51% from the year-ago reported figure.
Our proven model does not conclusively predict an earnings beat for Energy Transfer this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: It has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some stocks worth considering from the same sector that have the perfect mix of elements to beat on earnings in the upcoming releases:
Sunoco LP (SUN - Free Report) is likely to release first-quarter results soon. It has an Earnings ESP of +14.75% and a Zacks Rank #3.
Golar LNG Partners LP is expected to release first-quarter results soon. It has an Earnings ESP of +6.25% and a Zacks Rank #3.
NGL Energy Partners LP (NGL - Free Report) is set to release fourth-quarter fiscal 2020 results on Jun 4, 2020. It has an Earnings ESP of +58.83% and a Zacks Rank #3.
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What's in the Offing for Energy Transfer's (ET) Q1 Earnings?
Energy Transfer LP (ET - Free Report) is scheduled to release first-quarter 2020 results on May 11. This oil and gas midstream firm came up with a positive earnings surprise of 11.8%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
The firm’s first-quarter earnings are expected to have benefited from the acquisition of SemGroup Corporation, which was completed in fourth-quarter 2019.
The firm has placed several projects in service including the J.C. Nolan Diesel Pipeline, the Permian Express four pipeline, two processing plants in West Texas and the sixth fractionator at Mont Belvieu. All these projects are expected to have contributed to first-quarter earnings.
Q1 Expectation
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 32 cents per unit and $14.02 billion, respectively. The revenue projection indicates a 6.86% increase, while the bottom-line estimate indicates a decline of 13.51% from the year-ago reported figure.
Energy Transfer LP Price and EPS Surprise
Energy Transfer LP price-eps-surprise | Energy Transfer LP Quote
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Energy Transfer this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: It has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Energy Transfer carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some stocks worth considering from the same sector that have the perfect mix of elements to beat on earnings in the upcoming releases:
Sunoco LP (SUN - Free Report) is likely to release first-quarter results soon. It has an Earnings ESP of +14.75% and a Zacks Rank #3.
Golar LNG Partners LP is expected to release first-quarter results soon. It has an Earnings ESP of +6.25% and a Zacks Rank #3.
NGL Energy Partners LP (NGL - Free Report) is set to release fourth-quarter fiscal 2020 results on Jun 4, 2020. It has an Earnings ESP of +58.83% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>