Energy Transfer Q2 2024 GAAP EPS $0.35 Misses $0.38 Estimate, Sales $20.729B Miss $22.008B Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer (NYSE:ET) reported Q2 2024 earnings per share of $0.35, missing the analyst consensus estimate of $0.38 by 7.89%. The company also reported sales of $20.729 billion, which missed the estimate of $22.008 billion by 5.81%. Despite the misses, sales increased by 13.15% compared to the same period last year.
August 07, 2024 | 8:13 pm
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Energy Transfer reported Q2 2024 earnings per share of $0.35, missing the analyst consensus estimate of $0.38 by 7.89%. The company also reported sales of $20.729 billion, which missed the estimate of $22.008 billion by 5.81%. Despite the misses, sales increased by 13.15% compared to the same period last year.
The earnings and revenue misses are likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100