Energy Transfer Expected to Report Strong Second Quarter Results

Key Points

• WEB Shares of Energy Transfer ET are up about 23% year-to-date outperforming the SP 500s SPX.
• WEB August 7 2024 at 410 PM EDT.
• WEB Energy Transfer LP ET is expected to report an improvement in its top and bottom lines when it reports second.

Overview

Energy Transfer LP (NYSE: ET) is expected to report its second-quarter financial results on August 7, 2024, after the market closes. The company is expected to report strong results, driven by higher commodity prices and increased demand for its services.

Analysts expect Energy Transfer to report revenue of $12.5 billion, up from $11.2 billion in the second quarter of 2023. Earnings per share are expected to be $0.90, up from $0.75 in the second quarter of 2023.

The company's strong performance is expected to be driven by higher prices for natural gas and crude oil. Energy Transfer is a major transporter of both commodities, and higher prices will boost its revenue and profits.

In addition, Energy Transfer is expected to benefit from increased demand for its services. The company is a major provider of midstream infrastructure, which is used to transport, store, and process natural gas and crude oil. As demand for these commodities increases, Energy Transfer is expected to benefit.

Overall, Energy Transfer is expected to report strong second-quarter results. The company is benefiting from higher commodity prices and increased demand for its services. This is expected to drive revenue and earnings growth in the quarters ahead.

Risks

There are a number of risks that could impact Energy Transfer's financial results, including:

• A decline in commodity prices could hurt the company's revenue and profits.
• A decrease in demand for the company's services could also hurt its revenue and profits.
• The company's operations are subject to a number of regulatory risks, which could impact its ability to operate its business.

Conclusion

Energy Transfer is expected to report strong second-quarter results, driven by higher commodity prices and increased demand for its services. However, there are a number of risks that could impact the company's financial results. Investors should be aware of these risks before investing in Energy Transfer.