ET Earnings Prediction
The chart below shows how ET performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ET sees a -0.88% change in stock price 10 days leading up to the earnings, and a +0.99% change 10 days following the report. On the earnings day itself, the stock moves by -0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
ET Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
20.77B
0.16%
0.21%
Gross Margin
18.47%
7.20%
-2.02%
Operating Margin
10.50%
-2.51%
-7.33%
Net Margin
6.90%
36.63%
-28.20%
EPS
0.32
113.33%
-8.57%
No Data Available
ET Earnings Analysis
Energy Transfer LP Common Units representing limited partner interests Corporation (ET.N) Earnings Conference Call
Positive
EBITDA Increase Q3 2024: For the third quarter of 2024, we generated adjusted EBITDA of $3.96 billion, compared to $3.54 billion for the third quarter of 2023.
Record Volume Achievements: We had record volumes through our crude oil midstream gathering and NGL pipelines as well as through our NGL fractionators.
Adjusted DCF Consistency: DCF attributable to the partners of Energy Transfer, as adjusted, was $1.99 billion, consistent with the third quarter of last year.
Midstream Segment EBITDA Increase: For the Midstream segment, adjusted EBITDA was $816 million compared to $631 million for the third quarter of 2023, primarily due to higher volumes in the Permian Basin and Eagle Ford.
2024 Capital Expenditures Outlook: We expect 2024 growth capital expenditures to be approximately $2.9 billion, which will be spent primarily in the NGL and Refined Products and Midstream segments.
Negative
EBITDA Increase Q3 2024: For the third quarter of 2024, we generated adjusted EBITDA of $3.96 billion, compared to $3.54 billion for the third quarter of 2023.
Adjusted EBITDA Comparison: Adjusted EBITDA was $1.01 billion compared to $1.08 billion for the third quarter of 2023, primarily due to growth across our Mariner East pipeline operations being offset by lower gains from the optimization of hedged NGL inventory recognized over $100 million in gains in the third quarter of last year compared to $30 million this year.
Midstream EBITDA Increase: For Midstream, adjusted EBITDA was $816 million compared to $631 million for the third quarter of 2023, with the increase primarily due to higher volumes in the Permian Basin and Eagle Ford as well as the addition of the Crestwood and WTG assets in November 2023 and July 2024, respectively.
Crude Oil Segment Performance: For the crude oil segment, adjusted EBITDA was $768 million compared to $706 million for the third quarter of 2023, with the increase primarily due to record crude oil transportation throughput, higher crude oil exports, which were up 49%, the recently formed Permian joint venture with SUN as well as the acquisition of the Crestwood and WTG assets.
Interstate Natural Gas EBITDA: For the interstate natural gas segment, adjusted EBITDA was $460 million compared to $491 million for the third quarter of 2023, with the increase primarily due to higher demand on Panhandle, Trunkline and Gulf Run, offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads.
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ET Earning Call Sentiment
Energy Transfer LP Common Units (ET) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ET.N
-5.89%Positive
The earnings call summary reveals strong financial performance, strategic partnerships, and optimistic guidance. Adjusted EBITDA increased by 12% year-over-year, and the guidance was raised, reflecting confidence in future growth. The Q&A section highlighted potential growth opportunities and a positive sentiment from analysts. Despite some higher operating expenses, the company's shareholder return plan and improved credit rating are favorable. The lack of clear timelines in some Q&A responses slightly tempers enthusiasm, but overall, the strategic initiatives and financial health suggest a positive stock price movement.