Energy Transfer LP (ET) closed the most recent trading day at $20.45, moving +2.05% from the previous trading session. This change outpaced the S&P 500's 0.52% loss on the day. On the other hand, the Dow registered a loss of 1.24%, and the technology-centric Nasdaq decreased by 0.21%.
Heading into today, shares of the energy-related services provider had lost 1.43% over the past month, lagging the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. The company plans to announce its earnings on November 3, 2026. On that day, Energy Transfer LP is projected to report earnings of $0.41 per share, which would represent year-over-year growth of 46.43%. Meanwhile, our latest consensus estimate is calling for revenue of $35.6 billion, up 78.41% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.73 per share and a revenue of $122.42 billion, signifying shifts of +42.98% and +43.13%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 11.57 right now. This represents a discount compared to its industry average Forward P/E of 14.7.
Meanwhile, ET's PEG ratio is currently 0.7. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 1.59 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 27, positioning it in the top 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).