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MarketBeat
MarketBeat
Chris Markoch

Is Energy Transfer Undervalued or a Value Trap?

[content-module:CompanyOverview|NYSE:ET]

Energy Transfer LP (NYSE: ET) delivered an as-expected earnings report on May 6. The midstream energy company delivered earnings per share of 36 cents on revenue of $21.02 billion.

The bottom line number came in three cents above analysts’ forecasts and was 12.5% higher year-over-year (YOY). On the top line, however, the number was lighter than the $22.28 billion expected and was 2.8% lower YOY.

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