The Generation Essentials Group (NYSE:TGE) Releases Earnings Results

The Generation Essentials Group (NYSE:TGE) announced its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, FiscalAI reports. The business had revenue of $32.93 million during the quarter.

The Generation Essentials Group Trading Up 42.5%

TGE stock opened at $1.18 on Wednesday. The firm’s fifty day moving average is $0.90 and its 200 day moving average is $1.02. The Generation Essentials Group has a one year low of $0.78 and a one year high of $3.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.67 and a current ratio of 1.67.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of The Generation Essentials Group in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, The Generation Essentials Group has a consensus rating of “Sell”.

About The Generation Essentials Group

Tallgrass Energy, LP, through its subsidiaries, provides crude oil transportation services to customers in Wyoming, Colorado, Kansas, and the surrounding regions of the United States. The company operates through three segments: Natural Gas Transportation; Crude Oil Transportation; and Gathering, Processing & Terminalling. It also provides natural gas transportation and storage services for customers in the Rocky Mountain, Midwest, and Appalachian regions; natural gas and crude oil gathering and processing services for customers in Wyoming; and natural gas liquids (NGLs) transportation services in Northeast Colorado and Wyoming.