3 Things to Watch When Energy Transfer Reports Its Fourth-Quarter Results
Energy Transfer (NYSE: ET) has invested billions of dollars over the past few years to expand its energy infrastructure empire. That spending has been fueling fast-paced earnings growth, which it expects will continue during the fourth quarter. That's one of several things investors should keep an eye on when the high-yielding pipeline company reports its results later this week. Here are three more.
Heading into 2019, Energy Transfer anticipated that it would generate between $10.6 billion and $10.8 billion of adjusted EBITDA, which would be about 12.5% ahead of 2018's level at the midpoint. However, after producing stronger-than-expected results throughout the year, the company steadily boosted its guidance range. Its most recent update projected adjusted EBITDA between $11 billion and $11.1 billion, or about 16% above 2018's result.
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Source Fool.com
