Energy Transfer Stock Outperforms Broader Market as Q4 Earnings Approach
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Energy Transfer LP (ET) stock rose 0.57% while broader markets declined, with S&P down 0.72% and Dow down 1%.
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ET stock is up 5.3% over the past month, overperforming S&P 500's 2.16% gain but lagging sector's 6.92% rise.
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ET expected to post Q4 EPS of $0.31, down 3.13% year-over-year, on revenue of $23.44B, up 23.4%.
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For full year, EPS consensus at $1.44, up 32.11% and revenue at $94.24B, up 19.91%.
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ET currently trades at Forward P/E ratio of 10.93, presenting a discount vs sector average P/E of 12.98.