Dernières nouvelles pour Energy Transfer (NYSE:ET) Stock

Energy Transfer

Energy Transfer owns one of the largest portfolios of crude oil, natural gas, and natural gas liquid assets in the US, primarily in Texas and the US midcontinent region. Its pipeline network totals 130,000 miles. It also owns gathering and processing facilities, one of the largest fractionation facilities in the US, fuel distribution assets, and the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

Energy Transfer LP

INTEGRATED ENERGY TRANSITION ACQUISITION CORP.

ETAO INTL CO LTD by Etao International Co., Ltd.

Etao International Co Ltd

ENTERTAINMENT ARTS INC by Entertainment Arts, Inc.

Entertainment Arts Inc

Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest

Eaton Vance Tax-Managed Buy-Write Income Fund

EASTGATE BIOTECH CORP by Eastgate Biotech Corp.

Eastgate Biotech Corp

EVOLVE CRYPTOCURRENCIES ETF

Ethereum Classic - United States Dollar

ENVIRONMENTAL TECTONICS by Environmental Tectonics Corp.

Environmental Tectonics Corp

GRAYSCALE ETHRM CLSSIC TR by Grayscale Ethereum Classic Trust (ETC)

ELECTRONIC TELE-COM A by Electronic Tele-Communications, Inc.

Electronic Tele-Communications Inc

EnerTeck Corp

EUTELSAT COMMUNS SA S/ADR by Eutelsat Communications

Eutelsat Communications

Ethereum Classic - TrueUSD

Ethan Allen Interiors Inc

iShares Breakthrough Environmental Solutions ETF

Eco-Tek Group Inc

ENTERRA CORPORATION by Enterra Corporation

Enterra Corp

JPM USD CORP BON ETF

EASTFIELD RES LTD by Eastfield Resources Ltd.

Eastfield Resources Ltd

Eaton Vance Tax-Advantaged Global Dividend Income Fund Common Shares of Beneficial Interest

Eaton Vance Tax Advgd Gbl Div Inc Fd

Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest

Ethereum - United States Dollar

iShares Ethereum Trust - iShares Ethereum Trust ETF

ETHBEAR - United States Dollar

ETHBULL - United States Dollar

ProShares Trust ProShares UltraShort Ether ETF

ETHDOWN - United States Dollar

Grayscale Ethereum Trust (ETH) Common units of fractional undivided beneficial interest

PURPOSE ETHR US NON CR HDGD UNT ETF

Amplify ETF Trust Amplify Etho Climate Leadership U.S. ETF

ETHPad

3IQ ETHER STAKING UNT ETF

EVOLVE ETHER UNT ETF

ProShares Trust ProShares Ultra Ether ETF

Ethereum - TrueUSD

Volatility Shares Trust 2x Ether ETF

ETHUP - United States Dollar

VanEck Ethereum ETF VanEck Ethereum ETF

Bitwise Ethereum ETF Common shares of beneficial interest

CI GALAXY ETHEREUM US UNHED UNT ETF

Stader ETHx - United States Dollar

The new partnership strengthens AtoB's Over-the-Road and Local offerings with access to 5,000+ Sunoco locations across over 40 states
AtoB, the fintech payments platform modernizing the trucking industry's financial systems, today announced a new partnership with Sunoco, bringing its 5,000 locations into its fuel card network. This collaboration significantly enhances AtoB's already extensive fuel card network, providing customers with access to Sunoco locations across over 40 states and exclusive discounts.
Starting today, AtoB customers will benefit from discounts at over 5,000 Sunoco locations across over 40 states. Trucking fleets will now enjoy discounts at over 100 truck diesel locations including premier discounts at twelve key Sunoco stations along the highly trafficked New Jersey Turnpike. These twelve Sunoco truck diesel locations are part of the AMBEST network, a nationwide member-owned network of high-quality truck stops and service stations. With Sunoco's extensive presence, this partnership is designed to offer substantial savings and enhance convenience for AtoB's users.

News

AtoB Partners With Sunoco To Expand Nationwide Network And Deliver Enhanced Fuel Discounts; New Partnership Strengthens AtoB's Over-The-Road And Local Offerings With Access To 5,000+ Sunoco Locations Across Over 40 States

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>)&nbsp;announced today that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles&nbsp;LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.
Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG's decision to issue a notice to proceed for the project.
The project would transform Energy Transfer's existing import facility into a world-class LNG export facility to meet the world's growing LNG and energy security demands. This conversion would include the delivery of three liquefaction trains and modifications to existing storage and dock facilities designed to enable the export of 16.45 metric tons per annum of LNG.

Contracts

KBR Announces KTJV, A KBR And Technip Energies Joint Venture, Has Been Selected By Lake Charles LNG Export Company, A Subsidiary Of Energy Transfer LP, For Its Lake Charles LNG Transformation Project

Energy Transfer On Pipeline Fire At La Porte, Texas, Says As Of 10:30 am On Thursday, Fire Continues To Safely Burn Itself Out As Flame Diminished Overnight; Installation Of Specialized Pipeline Isolation Equipment On Either Side Of Damaged Area Is In Process

On CNBC's <a href="https://www.cnbc.com/video/2024/09/18/final-trades-energy-transfer-trade-desk-alphabet-and-general-motors.html">&#8220;Halftime Report Final Trades,&#8221;</a> Jim Lebenthal said General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) benefits from rate cuts.
General Motors, last week, agreed to explore collaboration with Hyundai Motor and expand its partnership with EVgo by installing 400 fast-charging stalls at key locations in major U.S. metropolitan areas. Additionally, the company is reportedly in talks to buy Chinese batteries made in the U.S. through its <a href="https://www.benzinga.com/markets/penny-stocks/24/09/40905775/gm-and-hyundai-join-forces-to-boost-competitiveness-and-improve-efficiency">partnership with Japan's TDK</a>.
Bryn Talkington of Requisite Capital Management named Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>), an energy play, which is up 16% year-to-date. The company also has a dividend<a href="https://www.benzinga.com/quote/ET/analyst-ratings"> yield of 8%, she added</a>.
On Wednesday, UBS analyst Shneur Gershuni maintained Energy Transfer with a Buy rating and raised the price target from $22 to $23.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners said The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), is pushing back to its Nov. 2021 all-time high level.
On Sept. 13, Wedbush analyst Scott Devitt maintained Trade Desk with an Outperform rating and raised the price target from $110 to $115.
Stephen Weiss of Short Hills Capital Partners said Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is still undervalued.
Alphabet Google won its appeal against the European Commission&#8217;s €1.49 billion ($1.66 billion) antitrust fine for anticompetitive practices involving its online search advertising business. Luxembourg-based General Court delivered a reprieve to Google, nullifying the line about the $1.66 billion penalty in the European Commission&#8217;s five-year-old <a href="https://www.benzinga.com/24/09/40915828/google-wins-1-7b-eu-antitrust-fine-appeal-over-5-year-old-online-search-advertising-case">order against the search giant, reported Reuters.</a>
Price Action:
<ul>
<li>Energy Transfer gained 0.6% to close at $16.11 during Wednesday's session.</li>
<li>Trade Desk shares gained 2.1% to settle at $108.02 on Wednesday.</li>
<li>Alphabet shares gained 0.3% to close at $160.81 during Wednesday's session.</li>
<li>General Motors shares gained 2.4% to settle at $48.66 on Wednesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Shutterstock

Long Ideas

Markets

Media

Trading Ideas

GOOG

GOOGL

General Motors, Alphabet, Trade Desk And An Energy Stock On CNBC's 'Final Trades'

CNBC Final Trades: Trade Desk, Energy Transfer, Alphabet Class C, General Motors

UBS analyst Shneur Gershuni maintains Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) with a Buy and raises the price target from $22 to $23.

Price Target

Analyst Ratings

UBS Maintains Buy on Energy Transfer, Raises Price Target to $23

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)<a href="https://www.benzinga.com/news/24/09/40781082/whats-going-on-with-paypal-stock"> is a buy</a>, according to CNBC's Jim Cramer. 
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S. 
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest &#8220;Mad Money Lightning Round,&#8221; said Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has &#8220;got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon.&#8221;
The recent $5 billion deal between Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
&#8220;I think you're fine,&#8221; Cramer said when asked about The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). &#8220;Let's say it's a baby growth story.&#8221;
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>). &#8220;Let's just keep it on ice for the moment,&#8221; he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is &#8220;good,&#8221; Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), adding that it is a &#8220;cold stock.&#8221;
On Sept. 6, S&amp;P Dow Jones Indices announced that Palantir Technologies will be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
<ul>
<li>PayPal shares rose 0.7% to settle at $69.35 on Wednesday.</li>
<li>Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.</li>
<li>Palantir shares gained 0.3% to settle at $34.85.</li>
<li>Energy Transfer shares rose 0.3% to close at $15.87.</li>
<li>Southern shares fell 1% to close at $88.77 during Wednesday's session.</li>
<li>CVS fell 1.5% to settle at $56.11 during the session.</li>
<li>Home Depot shares fell 0.1% to close at $370.49 on Wednesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>
Image: Shutterstock

PLTR

PYPL

RIVN

SHOP

VWAGY

PayPal Is A Buy, Jim Cramer Says: As For Rivian? 'Let It Percolate'

Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-08-07. Here's what investors need to know before the announcement.
Analysts estimate that Energy Transfer will report an earnings per share (EPS) of $0.36. 
The announcement from Energy Transfer is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
Last quarter the company missed EPS by $0.08, which was followed by a 2.08% drop in the share price the next day.
Here's a look at Energy Transfer's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.40</td>
<td>0.35</td>
<td>0.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.32</td>
<td>0.37</td>
<td>0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1725979790_0.png" alt="eps graph" />
<h3>Market Performance of Energy Transfer's Stock</h3>
Shares of Energy Transfer were trading at $15.81 as of September 09. Over the last 52-week period, shares are up 16.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Energy Transfer</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Energy Transfer.
The consensus rating for Energy Transfer is Buy, based on 2 analyst ratings. With an average one-year price target of $20.0, there's a potential 26.5% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of ONEOK, Williams Companies and Kinder Morgan, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Outperform trajectory for ONEOK, with an average 1-year price target of $92.56, indicating a potential 485.45% upside.</li>
<li>Williams Companies received a Neutral consensus from analysts, with an average 1-year price target of $43.86, implying a potential 177.42% upside.</li>
<li>As per analysts' assessments, Kinder Morgan is favoring an Neutral trajectory, with an average 1-year price target of $22.5, suggesting a potential 42.31% upside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for ONEOK, Williams Companies and Kinder Morgan are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Energy Transfer</td>
<td>Buy</td>
<td>13.15%</td>
<td>$3.91B</td>
<td>3.37%</td>
</tr>
<tr>
<td>ONEOK</td>
<td>Outperform</td>
<td>31.14%</td>
<td>$1.74B</td>
<td>4.71%</td>
</tr>
<tr>
<td>Williams Companies</td>
<td>Neutral</td>
<td>-5.92%</td>
<td>$1.35B</td>
<td>3.25%</td>
</tr>
<tr>
<td>Kinder Morgan</td>
<td>Neutral</td>
<td>2.03%</td>
<td>$2.02B</td>
<td>1.88%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Energy Transfer ranks highest in revenue growth among its peers. It has the highest gross profit margin. However, it has the lowest return on equity.
<h3>Delving into Energy Transfer's Background</h3>
Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
<h3>Energy Transfer: A Financial Overview</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Energy Transfer's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.15%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.7%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Energy Transfer's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.37%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Energy Transfer's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.0%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.7.
<a href="https://www.benzinga.com/quote/ET/earnings">To track all earnings releases for Energy Transfer visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Energy Transfer's Earnings Outlook

Energy Transfer's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) short percent of float has fallen 8.85% since its last report. The company recently reported that it has 31.79 million shares sold short, which is 1.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Energy Transfer Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725638416_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Energy Transfer has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Energy Transfer's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Energy Transfer's peer group average for short interest as a percentage of float is 2.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Energy Transfer's Recent Short Interest

Units of Energy Transfer LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>) have rallied 21.8% year to date compared with its industry&#39;s growth of 20.8%. The oil and gas midstream firm owns a wide network of pipelines across the United States and is pursuing opportunities to serve growing power loads from new demand centers across its network.
The firm is also a top exporter of liquefied petroleum gas and is working to expand natural gas liquids export facilities to cater to the rising demand for NGL globally.
The ET stock has also outperformed its sector and the S&amp;P 500 in the year-to-date period.
<h2>Price Performance YTD</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7d/75798.jpg?v=1372600074" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>Factors Acting as Tailwinds for ET Stock</h2>
Energy Transfer owns more than 130,000 miles of pipelines across the United States and is expanding its operation through organic initiatives and strategic acquisitions. ET&#39;s operations are spread across 44 states. The firm has been making one large accretive acquisition each year since 2021. The WTG acquisition closed earlier this year expanded ET&#39;s natural gas pipeline and processing network in the Permian Basin.
Energy Transfer has a well-balanced asset mix that provides strong earnings support. ET&#39;s oil and gas pipelines, gathering and processing, and storage assets are spread in major U.S. basins and growing demand markets. The firm will invest $3-3.2 billion in 2024 to further expand and strengthen its asset base.
Energy Transfer has a NGL and Crude oil export capacity of more than 1.1 million barrels per day and 1.9 million barrels, respectively. The firm is working to increase its NGL export capabilities through the expansion of Marcus Hook and Nederland export terminals. The company&#39;s market share of worldwide NGL exports remains around 20%.
<h2>Management Ownership in ET Rises</h2>
ET&#39;s management and insiders own a sizeable chunk of its units. Management members and independent board members continue to purchase units of the firm. Energy Transfer insiders bought more than 44 million units worth $468 million since January 2021. The increasing ownership of insiders indicates bright prospects and sustainable growth amid the rising demand in the midstream space.
<h2>ET&#39;s Earnings Estimates Suggest Y/Y Rise</h2>
The Zacks Consensus Estimate for Energy Transfer&#39;s 2024 and 2025 earnings per unit indicates year-over-year growth of 28.4% and 12.6%, respectively.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/75799.jpg?v=623562437" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>ET&#39;s Units are Undervalued</h2>
Energy Transfer units are somewhat inexpensive on a relative basis, with its current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) being 10.32 compared with the industry average of 11.62.
Another firm operating in this space, Plains All American Pipeline (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), is also trading at a discount on an EV/EBITDA basis compared with its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d2/75800.jpg?v=1521552114" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>Summing Up</h2>
Entergy Transfer, with more than 130,000 miles of pipeline and related infrastructure in 44 states, is poised well to benefit from the improving oil, natural gas and NGL production volumes in the United States.
This can be a favorable entry point for investors, given the positive movement in earnings estimates and the firm trading at a discount. The increasing insider ownership in the firm also signals sustainable growth.
Those who already own this Zacks Rank #3 (Hold) stock would do well to retain it in their portfolios.
<a href="https://www.zacks.com/stock/news/2328506/energy-transfer-stock-price-increases-21-8-ytd-how-to-play-it-now?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2328506">To read this article on Zacks.com click here.</a>

Large Cap

Penny Stocks

Small Cap

Management

Energy Transfer Stock Price Increases 21.8% YTD: How to Play It Now?

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). &#8220;The stock has come down a great deal, and yet, at the same time, I think its business is actually <a href="https://www.benzinga.com/quote/ARM">accelerating,&#8221; he noted.</a>
On Aug. 8, Bernstein upgraded the stock from Underperform to Market Perform and raised its price target from $92 to $100.
When asked about Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>), he said, &#8220;I believe its dividend is indeed safe. I've been back and forth and back and forth on this, and I believe that they have the coverage, and it's an inexpensive stock, and I like the pipeline companies very, very much here.&#8221;
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
The &#8220;Mad Money&#8221; host recommended buying Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a 3% yield. &#8220;I would buy some here, and then wait for some analysts to knock it down, buy even more. The company's an excellent company,&#8221; he added.
On Aug. 20, JPMorgan analyst Tien-Tsin Huang maintained Paychex with an Underweight rating and raised the price target from $120 to $128.
Cramer said he likes defense stocks, and RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is his favorite.
On July 25, RTX reported second-quarter results and raised its 2024 outlook. RTX&#8217;s adjusted net sales increase 8% year-over-year to $19.791 billion, beating the consensus of $19.28 billion. Adjusted EPS grew 9% to $1.41, above the consensus of $1.30.
Price Action:
<ul>
<li>Arm shares gained 1.8% to settle at $131.20 on Tuesday.</li>
<li>Energy Transfer shares fell 1.2% to close at $15.91.</li>
<li>Paychex shares slipped 0.1% to close at $130.10.</li>
<li>RTX shares gained 0.7% to settle at $119.49 on Tuesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40576188/microsoft-synaptics-and-2-other-stocks-executives-are-selling">Microsoft, Synaptics And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Photo: Shutterstock

PAYX

Jim Cramer Says RTX Is His Favorite Defense Stock, Likes This Semiconductor Stock That 'Has Come Down A Great Deal'

WIIM

Energy Transfer shares are trading lower after the company announced a secondary public offering of 38,755,996 of its common units.

Energy Transfer Announces Secondary Public Offering Of Common Units: Commences Underwritten Secondary Public Offering Of An Aggregate Of 38,755,996 Of Its Common Units Representing Limited Partner Interests

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock&#39;s price, do they really matter?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Energy Transfer LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Energy Transfer LP currently has an average brokerage recommendation&nbsp;of 1.20, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.20 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, 13 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 86.7% and 6.7% of all recommendations.
<h2>Brokerage Recommendation Trends for ET</h2>
<img alt="Broker Rating Breakdown Chart for ET" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/ET_08082024.png" style="width:100%" title="" /> 
The ABR suggests buying Energy Transfer LP, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every &quot;Strong Sell&quot; recommendation, brokerage firms assign five &quot;Strong Buy&quot; recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock&#39;s future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>ABR Should Not Be Confused With Zacks Rank</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers&#39; vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
<h2>Should You Invest in ET?</h2>
Looking at the earnings estimate revisions for Energy Transfer LP, the Zacks Consensus Estimate for the current year has increased 2.5% over the past month to $1.49.
Analysts&#39; growing optimism over the company&#39;s earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Energy Transfer LP.
Therefore, the Buy-equivalent ABR for Energy Transfer LP may serve as a useful guide for investors.
<a href="https://www.zacks.com/stock/news/2319108/energy-transfer-lp-et-is-considered-a-good-investment-by-brokers-is-that-true?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2319108">To read this article on Zacks.com click here.</a>

Energy Transfer LP Is Considered a Good Investment by Brokers: Is That True?

Energy Transfer shares are trading higher. The company reported Q2 financial results.

Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.38 by 7.89 percent. The company reported quarterly sales of $20.729 billion which missed the analyst consensus estimate of $22.008 billion by 5.81 percent. This is a 13.15 percent increase over sales of $18.320 billion the same period last year.

Earnings Misses

Energy Transfer Q2 2024 GAAP EPS $0.35 Misses $0.38 Estimate, Sales $20.729B Miss $22.008B Estimate

MPLX LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>) reported second-quarter 2024 earnings of $1.15 per unit, which topped the Zacks Consensus Estimate of 98 cents. The bottom line also increased from the year-ago quarter&#39;s figure of 91 cents.
Total quarterly revenues of $3.05 billion beat the Zacks Consensus Estimate of $2.92 billion. The top line also increased from the prior-year quarter&#39;s level of $2.69 billion.
Strong quarterly results were primarily driven by higher gathered and processed throughput volumes. An increase in total pipeline throughputs also contributed to the same.
<div class="chart_embed">
<h3>MPLX LP Price, Consensus and EPS Surprise</h3>
<img alt="MPLX LP Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/4c/1723036553.png" style="height:265px; width:577px" title="" />
MPLX LP price-consensus-eps-surprise-chart | MPLX LP Quote
</div>
<h3>Segmental Highlights</h3>
MPLX&#39;s adjusted EBITDA from the&nbsp;Logistics and Storage&nbsp;segment increased to $1.13 billion from $1.02 billion a year ago. The strong performance was driven by increased rates, including growth from equity affiliates. Further, total pipeline throughputs in the second quarter were 6 million barrels per day, up 1% from the year-ago quarter&#39;s level.
Adjusted EBITDA from the&nbsp;Gathering and Processing&nbsp;segment totaled $524 million, up from $509 million in the prior-year quarter. The segment was aided by an increase in volumes, including contributions from the recently acquired assets. However, higher operating expenses offset the positives to some extent.
Gathering throughput volumes averaged 6.6 billion cubic feet per day (Bcf/d), implying a 7% increase from the year-ago period&#39;s level. Natural gas processed volumes came in at 9.6 Bcf/d, indicating a 7% increase from the prior-year quarter&#39;s level.
<h3>Costs and Expenses</h3>
MPLX&#39;s total costs and expenses were $1.63 billion, up from the year-ago quarter&#39;s reported figure of $1.52 billion. The increase can be attributed to higher operating expenses (including purchased product costs) and increased general and administrative expenses.
<h3>Cash Flow</h3>
Distributable cash flow in the quarter totaled $1.4 billion, providing 1.6X distribution coverage. The figure increased from $1.32 billion in the year-ago quarter.
Adjusted free cash flow increased to $1.45 billion from $1.16 billion in the corresponding period of 2023.
<h3>Balance Sheet</h3>
As of Jun 30, 2024, the partnership&#39;s cash and cash equivalents were $2.5 billion, and its total debt amounted to $22.1 billion.
<h3>Outlook</h3>
MPLX has reiterated its projection for 2024 capital spending to $1.1 billion.
<h3>Zacks Rank and Key Picks</h3>
Currently, MPLX carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;SM Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>), VAALCO Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egy#NYSE">EGY</a>) and&nbsp;Energy Transfer LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>). SM Energy presently sports a Zacks Rank #1 (Strong Buy), while VAALCO and Energy Transfer carry a Zacks Rank #2 (Buy) each.
SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.
VAALCO Energyis an independent energy company involved in upstream operation business with a diversified presence in Africa and Canada. Having a large inventory of drilling locations in premium Canadian Acreage, the company&#39;s production outlook seems bright.
Energy Transfer is a midstream player that owns and operates one of the most diversified portfolios of energy assets in the United States. Boasting a pipeline network extending more than 125,000 miles, its network spans over 44 states. With a presence in all the major U.S. production basins, the company&#39;s outlook seems positive.
<a href="https://www.zacks.com/stock/news/2318206/mplx-q2-earnings-top-on-higher-throughput-volumes?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318206">To read this article on Zacks.com click here.</a>

Earnings Beats

MPLX

MPLX Q2 Earnings Top on Higher Throughput Volumes

Sunoco LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>) shares are trading higher after it reported&nbsp;second-quarter&nbsp;FY24 revenues&nbsp;of&nbsp;$6.17 billion, which&nbsp;exceeded <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40215377/sunoco-lp-reports-record-second-quarter-2024-financial-and-operating-results" rel="noreferrer noopener">the consensus of&nbsp;$5.82 billion</a>.
The partnership sold over 2.2 billion gallons of fuel (+5%&nbsp;Y/Y), with the fuel margin for all gallons sold at 11.8 cents per gallon (vs 11.9 cents per gallon in the prior year quarter).
Adjusted distributable cash flow of&nbsp;$295 million&nbsp;was higher than&nbsp;$175 million&nbsp;a year ago.
Adjusted EBITDA increased to&nbsp;$320 million&nbsp;from&nbsp;$250 million&nbsp;a year ago. EPS of&nbsp;$3.85&nbsp;surpassed&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.30</a>.
Total capital expenditures were&nbsp;$78 million, including&nbsp;$52 million for growth capital and&nbsp;$26 million for maintenance capital.
Distribution:&nbsp;On July 25, 2024, Sunoco&nbsp;declared a distribution of&nbsp;$0.8756 per unit, payable on August 19, to unitholders of record as of August 9.
As of June 30, 2024, the company had long-term debt of about $7.3 billion and approximately $1.4 billion in liquidity remaining on its $1.5 billion revolving credit facility.
Outlook: Sunoco reaffirmed FY24&nbsp;guidance&nbsp;for adjusted EBITDA of&nbsp;$1.46 billion to&nbsp;$1.52 billion, excluding <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">synergies and transaction-related expenses</a>.
The company expects NuStar&nbsp;deal to realize expense synergies of $200 million (vs. at least&nbsp;$150 million prior) and <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">financial synergies of $60 million</a>.
In July, Sunoco and Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) formed a joint venture to merge their crude oil and produced water-gathering assets in the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39793150/energy-transfer-and-sunoco-announce-strategic-permian-basin-crude-oil-joint-venture" rel="noreferrer noopener">Permian Basin, effective July 1, 2024</a>.
Investors can gain exposure to the stock via&nbsp;InfraCap MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMZA#NYSE">AMZA</a>) and&nbsp;Global X MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLPA#NYSE">MLPA</a>).
Price Action: Sunoco shares are up 1.42% at $54.36 at the last check Wednesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39231671/sunoco-looks-attractive-analyst-cites-pullback-upcoming-guidance-as-catalysts" target="_blank" rel="noreferrer noopener">Sunoco Looks Attractive: Analyst Cites Pullback, Upcoming Guidance As Catalysts</a></li>
</ul>

Equities

Guidance

AMZA

MLPA

Sunoco's Increased Fuel Sale Boosts Q2 Results: Details

AROC

CEIX

CRGY

CTRA

DWSN

EQNR

EZFL

FANG

LBRT

LODE

MTDR

PTEN

RCON

REPX

SDRL

SHEL

TOPS

TRGP

WFRD

Shares of oil and gas companies are trading lower. The sector might be moving amid overall market weakness due to economic slowdown concerns following recent US data, which could negatively impact demand.

RPC Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/res#NYSE">RES</a>) reported second-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line declined from the year-ago quarter&#39;s figure of 30 cents.
Total quarterly revenues were $364.2 million, down from the year-ago quarter&#39;s $415.9 million. The top line also missed the Zacks Consensus Estimate of $386 million.
The better-than-expected quarterly earnings were driven by margin improvement across various key service lines and lower cost of revenues. However, the positives were partially offset by lower activity levels in pressure pumping.
<div class="chart_embed">
<h3>RPC, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="RPC, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f5/1721997296.png" style="height:265px; width:570px" title="" />
RPC, Inc. price-consensus-eps-surprise-chart | RPC, Inc. Quote
</div>
<h3>Segmental Performance</h3>
Operating profit in the Technical Services segment totaled $30.2 million, lower than the year-ago quarter&#39;s $77 million. The results were primarily influenced by decreased activity levels in pressure pumping, leading to negative impacts on fixed costs, especially labor, due to reduced leverage.
Operating profit in the Support Services segment amounted to $4.4 million, lower than the year-ago quarter&#39;s $7.9 million. The results were driven by higher activity within rental tools, partially offset high fixed-cost structure inherent in these service lines.
Total operating profit in the quarter was $35.5 million, down from $82.4 million reported in the year-ago quarter. The average domestic rig count was 603, marking a 16.1% decline from the year-ago quarter&#39;s level.
The average oil price in the quarter was $81.78 per barrel, up 11.2% year over year. The average price of natural gas was $2.07 per thousand cubic feet, down 4.2% from the figure recorded in the corresponding period of 2023.
<h3>Costs &amp; Expenses</h3>
In the second quarter, the cost of revenues decreased to $262.3 million from $265.8 million in the prior-year period. Selling, general and administrative expenses amounted to $37.4 million, lower than the year-ago quarter&#39;s $43.6 million.
<h3>Financials</h3>
RPC&#39;s total capital expenditure was $75 million.
As of Jun 30, the company had cash and cash equivalents of $261.5 million, andmanaged to maintain a debt-free balance sheet.
<h3>Outlook</h3>
The company reiterated its capex guidance for 2024 between $200 million ad $250 million.
<h3>Zacks Rank and Key Picks</h3>
Currently, RES carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;SM Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>), VAALCO Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egy#NYSE">EGY</a>) and&nbsp;Energy Transfer LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>). SM Energy presently sports a Zacks Rank #1 (Strong Buy), while VAALCO and Energy Transfer carry a Zacks Rank #2 (Buy) each.
SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.
VAALCO Energy is an independent energy company involved in upstream operation business with a diversified presence in Africa and Canada. Having a large inventory of drilling locations in premium Canadian Acreage, the company&#39;s production outlook seems bright.
Energy Transfer is a midstream player that owns and operates one of the most diversified portfolios of energy assets in the United States. Boasting a pipeline network extending more than 125,000 miles, its network spans over 44 states. With a presence in all the major U.S. production basins, the company&#39;s outlook seems positive.
<a href="https://www.zacks.com/stock/news/2310088/rpc-res-q2-earnings-outpace-estimates-revenues-lag?cid=CS-BENZ-FT-analyst_blog|earnings_article-2310088">To read this article on Zacks.com click here.</a>

RPC Q2 Earnings Outpace Estimates, Revenues Lag

Energy Transfer Vs. MPLX: One Is Superior Income Pick

Energy Transfer: A Catalyst-Rich Opportunity Yielding 8%

Western Midstream: My Top 2 MLP Income Pick

Top-ranked U.S. oil companies by quant metrics

Two 8% Dividend Yields Looking Way Too Cheap

As oil prices surge amid rising tensions in the Middle East, energy stocks are gaining momentum. Fundamentally sound companies like Enterprise Products Partners (EPD), Energy Transfer (ET), and Suncor Energy (SU) are well-positioned to capitalize on the favorable pricing environment, making them attractive options for those looking to navigate the volatility in oil markets. Read more… The recent surge in oil prices has sparked renewed interest in energy stocks, particularly those thriving despite the ongoing volatility in the market. Investors looking to capitalize on this trend, could take a look at these three fundamentally sound companies like, Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), and Suncor Energy Inc. (<a href="https://stocknews.com/stock/SU/">SU</a>).
As tensions escalate in the Middle East, with Israeli troops moving into Lebanon and Iran launching missile attacks, concerns about oil supply disruptions are pushing prices higher. Recently, Brent crude prices <a href="https://www.msn.com/en-us/money/markets/oil-prices-extend-gains-on-fears-of-wider-middle-east-conflict/ar-AA1rPz7F">rose close to $80 per barrel</a> with U.S. West Texas Intermediate (WTI) following suit. Brent crude futures gained $1.09 to hit $79.14 a barrel, while WTI rose $1.15 to reach $75.53 per barrel.
Moreover, Iran's strategic control over key shipping routes, such as the Strait of Hormuz, and its significant oil output, adds further uncertainty to global supply. Analysts warn that any escalation in the region could drive prices even <a href="https://www.theguardian.com/business/2024/oct/01/financial-markets-oil-price-risk-middle-east-crisis">closer to $100 per barrel</a>, providing a significant tailwind for energy stocks.
Meanwhile, the International Energy Agency (IEA) also expects global gas demand to rise by more than <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">2.5% in 2024</a>, with similar growth projected in 2025. Further, with Brent crude expected to average $82.80 per barrel in 2024 due to ongoing OPEC+ production cuts and supply concerns, the energy sector remains a promising area for investment.
With that in mind, let's analyze the fundamental aspects of the featured stocks in detail:
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines &amp; Services; Crude Oil Pipelines &amp; Services; Natural Gas Pipelines &amp; Services; and Petrochemical &amp; Refined Products Services. 
On October 2, the company declared a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $0.525 per unit, payable to common unitholders on November 14, 2024. With 25 years of consecutive dividend growth, EPD pays an annual dividend of $2.10, which translates to a yield of 7.07% at the current share price. Its four-year average dividend yield is 7.60%. Moreover, its dividend payouts have increased at a CAGR of 4.6% over the past three years.
On August 21, EPD announced the acquisition of Piñon Midstream, LLC, a  Black Bay Energy Capital portfolio company, in a debt-free transaction valued at $950 million in cash. Management views this acquisition as a strategic move to expand its natural gas processing footprint in the eastern flank of the Delaware Basin. Moreover, the deal is expected to add $0.03 per unit to distributable cash flow in 2025, excluding potential synergies.
For the second quarter of 2024, which ended on June 30, EPD's total revenues increased 26.6% year-over-year to $13.48 billion. The company's operating income stood at $1.77 billion, up 11.8% year-over-year, while its attributable net income to common unitholders amounted to $1.41 billion, representing an increase of 12.1% from the last year. Also, its earnings per common unit for the quarter increased 12.3% year-over-year to $0.64.
The consensus revenue estimate of $14.04 billion for the fiscal third quarter (ended September 2024) represents a 17% increase year-over-year. The consensus EPS estimate of $0.67 for the to-be-reported quarter indicates a 9.9% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue estimates in three of the trailing four quarters.
Over the past nine months, the stock has surged 10.9%, closing the last trading session at $29.70.
EPD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
EPD has a B grade for Value, Momentum, and Stability. It is ranked #10 out of 23 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry. <a href="https://stocknews.com/stock/EPD/">Click here</a> to see the additional ratings for EPD (Growth, Sentiment, and Quality).
Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. It owns and operates a natural gas transportation pipeline, natural gas storage facilities, and nearly 20,090 miles of interstate natural gas pipeline. The company also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
On August 9, ET paid its unitholders a dividend of $0.32 per common unit for the second quarter, reflecting an increase of 3.2% year-over-year. The company pays an annual distribution of $1.28 per unit, which translates to a yield of 7.85% on the current share price. Its four-year average dividend yield is 8.63%.
In July, the company acquired WTG Midstream Holdings LLC for $2.28 billion in cash and 50.8 million newly issued ET common units. The acquisition expands ET's Midland Basin network with 6,000 miles of gas-gathering pipelines, eight gas processing plants with a capacity of 1.3 Bcf/d, and two additional plants under construction.
Moreover, the deal is expected to boost NGL and natural gas volumes, generating additional revenue from gathering, processing, and transportation fees. ET anticipates that the WTG assets will increase Distributable Cash Flow by $0.04 per unit in 2025, rising to $0.07 by 2027.
ET's revenues increased 13.1% year-over-year to $20.73 billion during the second quarter that ended June 30, 2024. Its operating income grew 25.2% from the year-ago value to $2.29 billion. Net income attributable to partners came in at $1.31 billion and $0.35 per common unit, up 44.2% and 40% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 20.4% year-over-year to $3.76 billion. And its adjusted distributable cash flow rose 31.2% from the year-ago value to $2.04 billion.
Analysts expect ET's revenue for the third quarter (ended September 2024) to increase 5.4% year-over-year to $21.87 billion. Its EPS for the same quarter is expected to improve 130.5% from the prior year to $0.35. For the fiscal year 2024, the company's revenue and EPS are expected to register a year-over-year growth of 11.7% and 30.9%, respectively.
Shares of ET have surged 22.2% over the past year to close the last trading session at $16.30.
ET's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Stability. ET is ranked #2 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry. To see additional POWR Ratings of ET for Sentiment and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Suncor Energy Inc. (<a href="https://stocknews.com/stock/SU/">SU</a>)
Headquartered in Calgary, Canada, SU operates as an integrated energy company through segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. It primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands and crude oil production for Canadian and international markets.
On September 25, the company paid its shareholders a quarterly dividend of $0.545 per share. SU's four-year average dividend yield is 4.12%, and its current annual dividend of $1.61 translates to a 4.02% yield. Its dividend payout has grown at an impressive CAGR of 33.9% over the past three years.
SU's adjusted operating earnings in the second quarter ended June 30, 2024, increased 29.8% year-over-year to $1.63 billion, while its net earnings amounted to $1.57 billion or $1.22 per share. Its free fund flows grew 29.6% from the year-ago value to $1.35 billion. Also, its adjusted funds from operations stood at $3.40 billion, up 27.9% from the prior-year period.
Street expects SU's EPS for the fiscal year ending December 2024 to increase 2% year-over-year to $3.85. Its revenue for the current year is projected to grow marginally by 1.6% from the year-ago value to $38.18 billion. In addition, it topped the EPS estimates in each of the trailing four quarters, which is impressive.
SU's shares have gained 18.6% over the past nine months and 24.8% year-to-date to close the last trading session at $39.97.
It's no surprise that SU has an overall rating of B, which equates to Buy in our proprietary rating system. It has an A grade for Quality and a B for Momentum and Stability. Out of 78 stocks in the Energy - Oil &amp; Gas industry, it is ranked #11.
In addition to the POWR Ratings we've stated above, we also have SU's ratings for Growth, Value, and Sentiment. Get all SU ratings <a href="https://stocknews.com/stock/SU/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
EPD shares were trading at $29.59 per share on Monday afternoon, down $0.11 (-0.37%). Year-to-date, EPD has gained 18.61%, versus a 20.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/epd-et-su-3-energy-stocks-thriving-amid-oil-price-fluctuations/>3 Energy Stocks Thriving Amid Oil Price Fluctuations</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks Thriving Amid Oil Price Fluctuations

Energy Transfer: Value Hiding In Plain Sight

Which Energy Subsector Is Up Over 20% YTD?

What I Wish I Knew Before Buying Big Dividend Infrastructure Stocks

Energy Transfer: Playing The Dividend Game

AGQPF

AMJB

AMLP

AMNA

AMND

AMTR

AMUB

AQNB

ATMP

BEPC

BIPC

BRENF

BRIPF

EINC

EMLP

ENFR

ESOA

GEVO

GPOR

INSW

KNTK

MLPB

MLPX

TPYP

USAI

Press Releases

Letter To Stockholders Issued By Diamondback Energy, Inc.

Trace Midstream Enters the Northern Delaware Basin With the Acquisition of LM Energy's Natural Gas Gathering and Transportation Infrastructure

Commodities

Sunoco LP Reports Record Second Quarter 2024 Financial and Operating Results

Energy Transfer Reports Second Quarter 2024 Results

Energy Transfer Announces Secondary Public Offering of Common Units

Energy Transfer Announces Pricing of Secondary Public Offering of Common Units

AtoB Partners with Sunoco to Expand Nationwide Network and Deliver Enhanced Fuel Discounts

Eric Long, Chief Executive Officer and Co-Founder of USA Compression Partners to Retire; Clint Green, Senior Vice President, Energy Transfer Appointed as His Successor

Energy Transfer Announces Third Quarter 2024 Earnings Release and Earnings Call Timing

Comments

Energy Transfer

Actualités

Dernières nouvelles pour Energy Transfer (NYSE:ET) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL