Energy Products and Services Stocks Q3 Results: Benchmarking FTAI Infrastructure (NASDAQ:FIP)

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at FTAI Infrastructure (NASDAQ:FIP) and the best and worst performers in the energy products and services industry.

Areas like the energy transition and emission reduction are thematic and front of mind today. This can be a double-edged sword for the energy products and services industry. Those who innovate and build new expertise can jolt demand while those who cling to legacy technologies or fall behind in the trending areas could see their market shares diminish. Bigger picture, energy products and services companies are still at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates.

The 4 energy products and services stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.1% since the latest earnings results.

Spun off from FTAI Aviation in 2021, FTAI Infrastructure (NASDAQ:FIP) invests in and operates infrastructure and related assets across the transportation and energy sectors.

FTAI Infrastructure reported revenues of $140.6 million, up 68.7% year on year. This print fell short of analysts’ expectations by 4%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ revenue and EPS estimates.

FTAI Infrastructure pulled off the fastest revenue growth but had the weakest performance against analyst estimates of the whole group. Still, the market seems discontent with the results. The stock is down 3% since reporting and currently trades at $4.17.

Is now the time to buy FTAI Infrastructure? Access our full analysis of the earnings results here, it’s free for active Edge members.

A construction engineering services company, Quanta (NYSE:PWR) provides infrastructure solutions to a variety of sectors, including energy and communications.

Quanta reported revenues of $7.63 billion, up 17.5% year on year, outperforming analysts’ expectations by 2.8%. The business had a very strong quarter with a solid beat of analysts’ backlog estimates and an impressive beat of analysts’ adjusted operating income estimates.

Quanta pulled off the highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 3% since reporting. It currently trades at $435.06.

Is now the time to buy Quanta? Access our full analysis of the earnings results here, it’s free for active Edge members.

Founded to provide electricity to towns in Minnesota, MDU Resources (NYSE:MDU) provides products and services in the utilities and construction materials industries.

MDU Resources reported revenues of $315 million, up 8.7% year on year, exceeding analysts’ expectations by 3.3%. Still, it was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations.

Interestingly, the stock is up 4.1% since the results and currently trades at $20.51.

Read our full analysis of MDU Resources’s results here.

Having played a role in upgrading the energy solutions of Alcatraz Island, Ameresco (NYSE:AMRC) provides energy and renewable energy solutions for various sectors.

Ameresco reported revenues of $526 million, up 5% year on year. This result topped analysts’ expectations by 1%. Overall, it was a strong quarter as it also put up an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Ameresco had the slowest revenue growth and weakest full-year guidance update among its peers. The stock is down 23% since reporting and currently trades at $30.79.

Read our full, actionable report on Ameresco here, it’s free for active Edge members.

In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.

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