Looking Into Energy Transfer's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Energy Transfer (NYSE:ET) reported Q1 earnings of $1.45 billion, a 0.7% increase from Q4, while sales dropped 7.35% to $19 billion. The company posted a return on capital employed (ROCE) of 0.04%, indicating effective capital allocation. However, Q1 earnings per share of $0.32 missed analyst predictions of $0.38.
June 22, 2023 | 2:45 pm
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Energy Transfer's Q1 earnings increased 0.7% to $1.45 billion, but sales dropped 7.35% to $19 billion. The company's ROCE of 0.04% indicates effective capital allocation, but its EPS of $0.32 missed analyst predictions.
Energy Transfer's Q1 earnings showed a slight increase, but sales dropped. The company's ROCE indicates effective capital allocation, which is a positive sign for long-term success. However, the missed EPS prediction may offset the positive impact of the ROCE, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100