Core Viewpoint - Energy Transfer LP (ET) is anticipated to show improvements in both revenue and earnings for the third quarter of 2024, with a report scheduled for November 6, after market close [1][3]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for ET's third-quarter revenues is $24.23 billion, reflecting a 16.81% increase from the previous year [3]. - The consensus estimate for earnings is 32 cents per unit, indicating a year-over-year growth of 3.3% [3]. Earnings Surprise History - Energy Transfer has beaten the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 5.15% [4]. Earnings Prediction Model - The model suggests a likely earnings beat for Energy Transfer, supported by a positive Earnings ESP of +7.29% [5]. Factors Influencing Q3 Earnings - Earnings are expected to benefit from organic expansion projects and strategic acquisitions, particularly the WTG acquisition, which enhanced ET's natural gas pipeline and processing network in the Permian Basin [7]. - The company's extensive pipeline network across major production basins in the U.S. is likely to contribute to diverse earnings sources [8]. - Strong export volumes of liquefied petroleum gas and the expansion of natural gas liquids (NGL) export facilities are anticipated to positively impact performance [9]. Price Performance and Valuation - ET's units have appreciated by 30.1% over the past year, outperforming the industry average of 27.4% [10]. - The current trailing 12-month EV/EBITDA ratio for ET is 10.58X, lower than the industry average of 11.98X, indicating relative affordability [12]. Investment Thesis - Energy Transfer's extensive pipeline network and ongoing expansion through organic growth and strategic acquisitions position the company favorably to serve domestic producers and enhance NGL exports [14]. - The company is increasing processing capacity in the Permian region to meet rising demand [14]. Summary - Energy Transfer is benefiting from rising demand and effective utilization of its assets across the U.S., with strategic acquisitions enhancing performance [16].

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Energy Transfer LP (NYSE: ET ) is one of the biggest energy transporter companies in the US and is predominantly involved in transporting and holding natural gas, crude oil, and refined fuels. The firm maintains a vastHe leads the investing group Bey ...

Investors interested in buying Energy Transfer might want to do it soon.It's important to take the long-term view when investing. You should think in terms of years and decades, not months and days. However, it's also wise to keep an eye on the calendar before investing to get ahead of a potential catalyst. Those interested in buying midstream giant Energy Transfer (ET -0.30%) should circle Nov. 6 on their calendar. It's an important date for the master limited partnership (MLP) because it precedes the comp ...

The latest trading session saw Energy Transfer LP (ET) ending at $16.40, denoting a -0.3% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.27%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.26%.The the stock of energy-related services provider has risen by 2.36% in the past month, leading the Oils-Energy sector's loss of 9.27% and the S&P 500's gain of 2%.Analysts and investors alike will be keeping a close eye on ...

Energy Transfer LP's (ET) units are somewhat inexpensive relative to its Zacks Oil and Gas Production Pipeline – MLB industry. ET's current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) is 10.54 compared with the industry average of 12.01. It indicates that the firm is presently undervalued compared to its industry. Another firm operating in this space, Plains All American Pipeline (PAA) , is also trading EV/EBITDA of 9.07, at a discount compared t ...

Investors in Energy Transfer LP (ET) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 20, 2024 $1 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Energy Transfer LP (ET) .Energy Transfer LP currently has an average broke ...

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a negative outlook for these companies based on recent earnings revisions [1] Company Summaries - **Energy Transfer (ET)**: This company owns and operates diversified portfolios of energy assets primarily in the United States. The Zacks Consensus Estimate for its current year earnings has been revised downward by 5.7% over the last 60 days [1] - **MGM Resorts International (MGM)**: A holding company that primarily owns and operates casino resorts through wholly owned subsidiaries. The Zacks Consensus Estimate for its current year earnings has been revised downward by 5.6% over the last 60 days [1] - **Kennametal (KMT)**: This company manufactures, markets, and distributes high-speed metal cutting tools, tooling systems, and wear-resistant parts. The Zacks Consensus Estimate for its current year earnings has been revised downward by almost 5.3% over the last 60 days [1]

Energy Transfer continues to work toward building Lake Charles LNG. Energy Transfer (ET -0.48%) has stomped on the growth accelerator this year. The midstream giant's distributable cash flow surged 32% in the second quarter. Acquisitions were the main fuel source, as it closed a couple of needle-moving deals in the past year. It also completed several more expansion projects The master limited partnership (MLP) is getting closer to locking down another major growth driver. It recently signed a preliminary d ...

The stock offers a solid yield and has strong price appreciation potential. With interest rates likely headed lower over the next few years as the Fed embarks on a rate-cutting cycle, income-oriented investors may be looking for places to invest that can offer higher yields and attractive returns. One such option is an investment in pipeline operator Energy Transfer (ET 0.09%). The company owns one of the largest integrated midstream systems in the U.S., where it transports hydrocarbons (natural gas, natura ...