Energy Transfer Reports Q3 Revenue Beat Amid GAAP EPS Miss
Energy Transfer (ET) reported third-quarter financial results characterized by a significant revenue surge and an earnings miss. The company posted revenue of $37.1 billion, representing an 86% increase year-over-year and exceeding analyst expectations by $4.67 billion. Despite the top-line strength, GAAP earnings per share (EPS) came in at $0.33, missing consensus estimates by $0.08. However, the company showed strong liquidity and cash generation metrics, reporting adjusted Distributable Cash Flow attributable to partners of $2.52 billion for the quarter, up from $1.90 billion in the prior year period.
Tickers: $ET