DTM - Energy Transfer Q1: Earnings Per Share Hold Steady
2024-05-09 07:00:00 ET
Summary
- Energy Transfer announces improvement in business, but earnings per share remain steady.
- Legal disputes with Williams Companies and DT Midstream are ongoing, with uncertain outcomes.
- The Dakota Access Pipeline dispute is probably on hold until after the election. An unfavorable outcome could prove to be significant.
- Return on Capital and Return on Assets are among the lowest figures of any company I follow.
- The lack of per share earnings improvement calls into question the downside risk in any cyclical downturn even with the take-or-pay provisions.
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Energy Transfer Q1: Earnings Per Share Hold Steady