Energy Transfer LP (ET) Q3 Earnings Expectations and Stock Performance Analysis

Energy Transfer LP is set to release its Q3 2023 earnings on November 1st. The company is expected to benefit from stable demand, fee-based contracts, and the expansion of its Midstream operations through acquisitions. Strong volumes in Midstream gathered volumes and Natural Gas Liquids (NGL) transportation are likely to contribute to the firm's quarterly performance. The acquisition of Lotus Midstream Operations LLC assets in the Permian Basin is also expected to boost earnings. However, the Zacks Consensus Estimate predicts a decline in earnings and revenues for the quarter.