We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Energy Transfer (ET) to Report Q1 Earnings: What's in Store?
Read MoreHide Full Article
Energy Transfer LP (ET - Free Report) is scheduled to release first-quarter 2021 results on May 6. In the last reported quarter, this oil and gas midstream firm delivered a negative earnings surprise of 26.9%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Energy Transfer has a diverse business model, and its assets are strategically located and spread across every major production basin. The firm is likely to have benefited from the transportation of more commodities through its assets, as hydrocarbon production is gradually increasing with improving economic conditions.
The firm’s first-quarter earnings are likely to have benefited predominantly from fee-based contracts with drillers. Energy Transfer’s first-quarter earnings are also expected to have gained from the completion of Marcus Hook and Nederland Terminal expansions, which brought total NGL export capacity of the firm to more than 1 million barrels per day.
Expectation
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 26 cents per unit and $10.66 billion, respectively. The revenue estimate indicates a decline of 8.3%, while the earnings estimate suggests an increase of 44.4% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model doesn’t 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. That is not the case here as you see below.
Here are a few companies worth considering from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.
Cimarex Energy Co. is slated to release first-quarter 2021 numbers on May 5. It has an Earnings ESP of +10.42% and a Zacks Rank #3.
Whiting Petroleum Corporation is slated to release first-quarter 2021 numbers on May 6. It has an Earnings ESP of +6.90% and sports a Zacks Rank #1.
EOG Resources (EOG - Free Report) is set to release first-quarter earnings on May 7. It has an Earnings ESP of +2.78% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Bigstock
Energy Transfer (ET) to Report Q1 Earnings: What's in Store?
Energy Transfer LP (ET - Free Report) is scheduled to release first-quarter 2021 results on May 6. In the last reported quarter, this oil and gas midstream firm delivered a negative earnings surprise of 26.9%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
Energy Transfer has a diverse business model, and its assets are strategically located and spread across every major production basin. The firm is likely to have benefited from the transportation of more commodities through its assets, as hydrocarbon production is gradually increasing with improving economic conditions.
The firm’s first-quarter earnings are likely to have benefited predominantly from fee-based contracts with drillers. Energy Transfer’s first-quarter earnings are also expected to have gained from the completion of Marcus Hook and Nederland Terminal expansions, which brought total NGL export capacity of the firm to more than 1 million barrels per day.
Expectation
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 26 cents per unit and $10.66 billion, respectively. The revenue estimate indicates a decline of 8.3%, while the earnings estimate suggests an increase of 44.4% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model doesn’t 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. That is not the case here as you see below.
Energy Transfer LP Price and EPS Surprise
Energy Transfer LP price-eps-surprise | Energy Transfer LP Quote
Earnings ESP: It has an Earnings ESP of +26.58%. 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 #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few companies worth considering from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.
Cimarex Energy Co. is slated to release first-quarter 2021 numbers on May 5. It has an Earnings ESP of +10.42% and a Zacks Rank #3.
Whiting Petroleum Corporation is slated to release first-quarter 2021 numbers on May 6. It has an Earnings ESP of +6.90% and sports a Zacks Rank #1.
EOG Resources (EOG - Free Report) is set to release first-quarter earnings on May 7. It has an Earnings ESP of +2.78% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>