Energy Transfer L.P. (NYSE:ET) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ET is expected to report 3Q20 income of $ 0.24 per share from revenue of $ 10145.10 million.
For the full year, analysts anticipate top line of $ 43140.10 million, while looking forward to income of $ 0.52 per share bottom line.
Previous Quarter Performance
Energy Transfer L.P. posted income for the second quarter of $ 0.13 per share, from the revenue of $ 7,338.00 million. Wall street analysts are predicting, ET to report 2Q20 income of $ 0.28 per share from revenue of $ 11260.00 million. The bottom line results missed street analysts by $ 0.15 or 53.57 percent, at the same time, top line results fell short of analysts by $ 3 million or 34.83 percent.
Stock Performance
Shares of Energy Transfer L.P. traded up $ 0.33 or 6.38 percent on Tuesday, reaching $ 5.50 with volume of 27.77 million shares. Energy Transfer L.P. has traded high as $ 5.57 and has cracked $ 5.22 on the downward trend
According to the previous trading day, closing price of $ 5.50, representing a 37.87 % increase from the 52 week low of $ 3.75 and a 62.7 % decrease over the 52 week high of $ 13.86.
The company has a market capital of $ 14.83 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Neutral rating, with $ 6.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.305 per share on July 28, 2020. The dividend were payable on August 19, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Energy Transfer L.P. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.energytransfer.com
Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
