Energy Transfer LP (ET) closed at $20.20 in the latest trading session, marking a +1.46% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.51% for the day. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 1.47%.
Shares of the energy-related services provider witnessed a gain of 6.19% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.92%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Energy Transfer LP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 4, 2026. In that report, analysts expect Energy Transfer LP to post earnings of $0.37 per share. This would mark year-over-year growth of 15.63%. Simultaneously, our latest consensus estimate expects the revenue to be $30.75 billion, showing a 59.78% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.43 per share and revenue of $121.19 billion, which would represent changes of +18.18% and +41.69%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Transfer LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Energy Transfer LP currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 13.97 right now. This valuation marks a discount compared to its industry average Forward P/E of 14.38.
One should further note that ET currently holds a PEG ratio of 1.15. 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 1.32 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Energy Transfer LP (ET): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).