Lucid Group: Q2 Earnings Snapshot
The Newark, California-based company said it had a loss of 28 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The an electric vehicle automaker posted revenue of $259.4 million in the period.
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My Honest Opinion of Energy Transfer Stock
Key Points Energy Transfer operates in the midstream sector, using a largely fee-based model. The master limited partnership has a lofty 7.4% distribution yield. There are lower-yielding midstream companies that I prefer over Energy Transfer. 10 stocks we like better than Energy Transfer › I recognize that there are good reasons for investors to buy Energy Transfer (NYSE: ET) today. I can even appreciate that the master limited partnership (MLP) has taken important steps to strengthen its business in ways that should appease the concerns I have about the investment. Yet, I still think alternatives like Enterprise Products Partners (NYSE: EPD) and Enbridge (NYSE: ENB) are better. Here's my honest opinion of why Energy Transfer isn't the best option in the midstream space. What does Energy Transfer do? Energy Transfer helps to move oil and natural gas around the world. It owns a collection of energy infrastructure assets, like pipelines, that generate reliable fee-based income. Without the assets Energy Transfer owns, producers wouldn't be able to get their oil and natural gas to processors and refiners, or the end consumer. From this perspective, Energy Transfer's core business is pretty similar to that of fellow MLP Enterprise Products Partners and Canadian midstream giant Enbridge. But Energy Transfer's distribution yield is 7.4%, versus a yield of 7% for Enterprise and dividend yield of 6% for Enbridge. The yield difference here matters. You are taking a higher risk with Energy Transfer For starters, Energy Transfer is, in some ways, a much more complicated business than Enterprise or Enbridge. They all own a host of assets, but Energy Transfer is also the general partner for two other publicly traded MLPs. That's not the biggest part of its business, but it makes things a bit more difficult to track. 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