Energy Transfer Q2 EPS $0.25 Misses $0.33 Estimate, Sales $18.32B Miss $20.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (NYSE:ET) reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.33 by 24.24%. This is a 35.9% decrease from the same period last year. The company also reported quarterly sales of $18.32 billion, missing the analyst consensus estimate of $20.35 billion by 9.98%. This is a 29.39% decrease from the same period last year.
August 04, 2023 | 12:14 pm
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Energy Transfer's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
Energy Transfer's earnings and sales for Q2 significantly missed analyst estimates, and also marked a substantial decrease from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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