Energy Transfer Equity L.p. Earnings Preview: Get Ahead of the Analysts

Energy Transfer Equity L.p. (NYSE:ETE) will report earnings after markets close on Wednesday, May 8th. Energy Transfer Equity, L.P. owns equity interests in Energy Transfer Partners, a limited partnership involved in the natural gas midstream, transportation, and storage business, as well as a retail propane business.

Here is your Cheat Sheet to Energy Transfer Equity L.p. Earnings:

Earnings Expectations: Analysts expect earnings of $0.48 per share on revenues of $9.95 billion. Currently, the company’s P/E ratio stands at 81.69.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.54 and has not changed. For the current year, the average estimate is a profit of $2.09, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Energy Transfer Equity L.p. has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 9,293 5,417 6,556 8,190 16,960
Diluted EPS ($) 1.68 1.98 0.86 1.38 1.13

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 2,165 1,689 1,976 2,171 11,150
Diluted EPS ($) 2.752 0.73 0.19 0.13 4.719

Past Performance:
Energy Transfer Equity L.p. has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)