Energy Transfer Q4 EPS $0.37 Beats $0.35 Estimate, Sales $20.53B Miss $21.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (NYSE:ET) reported Q4 earnings of $0.37 per share, surpassing the $0.35 estimate, marking an 8.82% increase from last year. However, their sales of $20.53B fell short of the $21.46B estimate, a slight 0.15% increase from the previous year.
February 14, 2024 | 9:13 pm
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Energy Transfer reported higher than expected Q4 earnings per share but missed on sales estimates, showing mixed financial performance.
The beat on earnings per share (EPS) estimates is positive, indicating operational efficiency and potentially higher profitability. However, the miss on sales estimates could signal underlying issues in revenue generation or market demand. The mixed results may lead to neutral short-term stock price movement as investors weigh the positive EPS against the negative sales performance.
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