|Bid||14.580 x 1800|
|Ask||14.590 x 3100|
|Day's Range||14.470 - 15.250|
|52 Week Range||12.800 - 19.340|
|Beta (3Y Monthly)||2.44|
|PE Ratio (TTM)||13.98|
|Forward Dividend & Yield||1.22 (7.79%)|
|1y Target Est||22.33|
Energy Transfer’s (ET) leverage position has improved over the last few quarters despite an increase in total debt. At the end of September 30, it had net debt of $44.4 billion—a 1.4% increase compared to its net debt at the end of 2017.
Energy Transfer (ET) reported higher earnings in the third quarter from all of its segments. Its biggest segment—Crude Oil Transportation—reported adjusted EBITDA of $682 million, compared to $420 million in the third quarter last year, an increase of 62% YoY (year-over-year). In the first and second quarters, the segment reported EBITDA growth of 148% and 140%, respectively. The segment’s earnings increased in the third quarter mainly due to higher throughput volumes, driven by higher production in West Texas. The segment accounts for more than 30% of Energy Transfer’s total earnings.
NEW YORK, Nov. 14, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
DALLAS , Nov. 12, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today that it has extended the expiration date for its previously announced exchange offers relating to its outstanding ...
Cheniere Energy (LNG), the leading liquified natural gas producer, reported its third-quarter earnings on November 8. The higher earnings were mainly driven by a higher number of liquefied natural gas cargoes exported from the Sabine Pass Liquefaction project. After delivering a strong performance in the third quarter, Cheniere Energy’s management raised its adjusted EBITDA guidance to $2.45 billion–$2.55 billion for 2018, which implies an increase of 44% year-over-year.
Energy Transfer (ET) released its third-quarter earnings on November 7. The company reported an adjusted EBITDA of $2.58 billion for the quarter ending on September 30—an increase of more than 30% compared to the same quarter last year. In the second quarter, Energy Transfer reported an adjusted EBITDA of $1.82 billion.
Conference Call Scheduled for 9:30 a.m. CT (10:30 a.m. ET) on Thursday, November 8 DALLAS , Nov. 7, 2018 /PRNewswire/ -- Current quarter cash coverage of 1.73 times and trailing twelve months coverage ...
The Dallas-based company said it had profit of 32 cents per share. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for ...
Energy Transfer LP (NYSE: ET) today announced that its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a seventh natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator VII is scheduled to be operational in the first quarter of 2020.
Energy Transfer LP , formerly named Energy Transfer Equity, L.P. and also referred to herein as “ETE,” today reported financial results for the quarter ended September 30, 2018.
TransCanada (TRP) reported its third-quarter results on November 1. On November 2, CIBC raised its target price for TransCanada from 73 Canadian dollars to 74 Canadian dollars. Among the 18 analysts surveyed by Reuters covering TransCanada, four analysts rated it as a “strong buy,” eight analysts rated it as a “buy,” and six analysts rated it as a “hold.” The median target price for TransCanada is 65 Canadian dollars.
TransCanada’s (TRP) quarterly adjusted EBIT (earnings before interest and taxes) grew at an average rate of 16% YoY (year-over-year) over the last seven quarters. The YoY growth rate was 29% in the third quarter. As we discussed in the previous part, the U.S. Natural Gas Pipelines and Liquids Pipelines segments contributed to TransCanada’s third-quarter earnings growth.
Wall Street analysts expect significant upside potential in Cheniere Energy (LNG) stock. It has a median price target of $77.63, compared to its current market price of $60.27, indicating an estimated upside of more than 28% over the next 12 months.
Cheniere Energy (LNG) stock was weak recently, but it’s still up more than 10% so far this year. The MLP and Energy Infrastructure ETF (MLPX) has fallen more than 11% year-to-date. Cheniere Energy accounts for ~8.3% of MLPX.
Wall Street expects Cheniere Energy (LNG) to report adjusted EBITDA of $531 million for the quarter that ended on September 30—an increase of more than 36% year-over-year. Cheniere Energy has already seen a 68% increase in adjusted EBITDA during the first six months of 2018. Cheniere Energy’s earnings growth mainly depends on LNG (liquefied natural gas) exports and liquefaction capacity.
MLP rollups drove the largest deals of the quarter, and three of the top five deals had deep roots in Houston.
Crude oil prices fell 6.6% last week. Despite the fall, most of the top midstream stocks managed to be in the green for the week. Williams Companies (WMB), which reported strong third-quarter results on October 31, rose 5.2% for the week. Kinder Morgan (KMI), Enterprise Products Partners (EPD), and Energy Transfer (ET) rose 1.6%, 1.0%, and 1.3%, respectively. Enterprise Products Partners reported strong Q3 performance on October 31.
According to Wall Street analysts’ estimates, Energy Transfer (ET) stock has a median price target of $22.15 compared to its current market price of $15.83, which implies an upside potential of 40% for it over the next 12 months. Raymond James raised ET’s price target from $19.0 to $20.0 on October 30. Energy Transfer stock is currently followed by 14 analysts. Enterprise Products Partners (EPD) has a target price of $33.95, which indicates a potential upside of ~26% from its current price of $27.01.
Energy Transfer (ET) stock is currently trading at $15.83, ~8% and 6% below its 50-day and 200-day moving averages, respectively. Energy Transfer stock is trading 18.0% lower than the 52-week high of $19.34 it saw in January. Currently, ET is trading at an RSI (relative strength index) of 47.
Energy Transfer (ET) stock is currently trading at a forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 12x based on its expected 2019 earnings. Its five-year historical average valuation is over 16x. The peer average forward EV-to-EBITDA multiple is close to 10x.
Let’s take a look at Energy Transfer’s (ET) earnings by segment. The Crude Oil Transportation and Services segment has been Energy Transfer‘s top-performing segment for the last few quarters. The segment posted 148% and 140% YoY (year-over-year) EBITDA growth in the first and second quarters, respectively.
Energy Transfer (ET) is scheduled to release its third-quarter earnings results on November 8. The company is expected to report adjusted EBITDA of $2.33 billion for the quarter, implying EBITDA growth of ~44% YoY (year-over-year).
MPLX (MPLX) reported its third-quarter results on November 1. The company reported a DCF (distributable cash flow) attributable to its general partner and limited partner unitholders of $747 million for the quarter, which represents 75% YoY (year-over-year) growth. The growth in MPLX’s DCF was driven by strong earnings growth across both of its segments. Earnings from drop-down assets and strong volumes contributed to MPLX’s third-quarter earnings growth.