Energy Transfer (NYSE:ET – Get Free Report) released its earnings results on Wednesday. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04), Briefing.com reports. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business had revenue of $21.63 billion during the quarter, compared to analysts’ expectations of $20.91 billion. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year.
Energy Transfer Stock Up 0.1 %
ET traded up $0.02 on Thursday, hitting $16.27. 10,986,967 shares of the company were exchanged, compared to its average volume of 12,208,490. The firm has a 50-day moving average price of $15.52 and a two-hundred day moving average price of $14.43. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. Energy Transfer has a twelve month low of $12.21 and a twelve month high of $16.40. The company has a market cap of $54.82 billion, a price-to-earnings ratio of 14.98 and a beta of 1.63.
Energy Transfer Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.317 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend is Friday, May 10th. Energy Transfer’s dividend payout ratio (DPR) is presently 116.51%.
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About Energy Transfer
Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
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