tldrdaily.news logo
Tag

Energy Transfer Lp

All articles tagged with #energy transfer lp

finance1 year ago

Energy Transfer LP (NYSE:ET) Reports Strong Q4 Earnings and Record EBITDA

Energy Transfer LP (NYSE:ET) reported a Q4 2023 EPS of $0.37, beating expectations of $0.29, and announced a quarterly cash distribution increase of 3.3%. The company generated adjusted EBITDA of $13.7 billion for the full year 2023, up 5% from 2022, and expects 2024 adjusted EBITDA to be between $14.5 billion and $14.8 billion. Energy Transfer also provided updates on various growth projects, including expansions to NGL export capacity, new pipeline acquisitions, and the Lake Charles LNG project, while addressing ongoing legal matters related to pipeline crossings in Louisiana.

via Yahoo Finance|
#earnings-call#energy-transfer-lp#finance
finance1 year ago

"Energy Transfer LP (ET) Q4 Earnings: Record EBITDA and Expansion Plans"

Energy Transfer LP (ET) reported $20.53 billion in revenue for Q4 2023, with an EPS of $0.37, surpassing estimates. Key metrics such as gathered volumes, transportation volumes, and adjusted EBITDA were compared to analyst estimates, providing insights into the company's financial health. Despite a +0.4% return over the past month, the stock holds a Zacks Rank #1 (Strong Buy), suggesting potential outperformance in the near term.

via Yahoo Finance|
#earnings#energy-transfer-lp#finance
finance1 year ago

"Energy Transfer LP's Q4 2023 Net Income and EBITDA Surge"

Energy Transfer LP reported increased net income of $1.33 billion and adjusted EBITDA of $3.60 billion for Q4 2023, reflecting the company's strong performance and strategic growth initiatives. The company's diverse asset portfolio and operational efficiency contributed to record NGL fractionation and transportation volumes, as well as increased interstate natural gas transportation volumes. With a positive outlook for 2024 and strategic moves such as a merger with Crestwood Equity Partners LP and a non-binding agreement with TotalEnergies, Energy Transfer LP is positioned for continued financial and operational strength in the energy sector.

via Yahoo Finance|
#ebitda#energy-transfer-lp#finance
finance2 years ago

"Energy Transfer LP (ET): A Promising Stock to Consider for Your Portfolio"

Energy Transfer LP (ET) is a trending stock that has returned -0.5% over the past month, compared to the Zacks S&P 500 composite's +5.4% change. The company's earnings estimate revisions indicate a year-over-year change of -17.7% for the current quarter and -26.2% for the current fiscal year. The consensus sales estimate for the current quarter points to a year-over-year change of +14.3%. Energy Transfer LP reported revenues of $20.74 billion in the last reported quarter, representing a year-over-year change of -9.6%. The company is graded A in terms of valuation, indicating that it is trading at a discount to its peers. Overall, the Zacks Rank #3 suggests that Energy Transfer LP may perform in line with the broader market in the near term.

via Yahoo Finance|
#earnings-estimate-revisions#energy-transfer-lp#finance
finance2 years ago

Investor Attention and Options Market Predictions for Energy Transfer (ET) Stock

Energy Transfer LP (ET) has been attracting investor attention as one of the most searched-for stocks on Zacks.com. The stock has returned -3.4% over the past month, underperforming the Zacks S&P 500 composite. Analysts' earnings estimates for the company have been revised downward for the current quarter and fiscal year, but upward for the next fiscal year. The consensus sales estimate for the current quarter indicates a year-over-year increase of +14.3%. Energy Transfer LP reported a surprise revenue decrease of -4.34% in the last reported quarter. The stock is currently trading at a discount to its peers, according to the Zacks Value Style Score. With a Zacks Rank #3 (Hold), the stock is expected to perform in line with the broader market in the near term.

via Yahoo Finance|
#earnings-estimates#energy-transfer-lp#finance