Energy Transfer Partners (ETP) Posts Q3 Loss of 49c/Share
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Energy Transfer Partners Reports Third Quarter Results
November 9, 2016 4:33 PM ESTDALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) (ETP or the Partnership) today reported its financial results for the quarter ended September 30, 2016. Net income for the three months ended September 30, 2016 was $138 million, a decrease of $255 million compared to the three months ended September 30, 2015, primarily due to a $308 million non-cash impairment of the Partnerships investment in the Midcontinent Express Pipeline. Adjusted EBITDA for ETP for the three months ended September 30, 2016 totaled $1.39 billion, a decrease of $110 million compared to the three months ended September 30, 2015, primarily due to lower earnings from the Partnerships unconsolidated... More
Energy Transfer Equity Reports Third Quarter Results
November 9, 2016 4:33 PM ESTDALLAS--(BUSINESS WIRE)-- Energy Transfer Equity, L.P. (NYSE: ETE) (ETE or the Partnership) today reported financial results for the quarter ended September 30, 2016.
ETEs net income attributable to partners was $209 million for the three months ended September 30, 2016 compared to $293 million for the three months ended September 30, 2015. Distributable Cash Flow, as adjusted, for the three months ended September 30, 2016 was $281 million compared to $325 million for the three months ended September 30, 2015. The decreases in net income attributable to partners and Distributable Cash Flow, as adjusted, were primarily driven by an $85 million reduction in incentive distributions... More
Sunoco Logistics Announces Results for Third Quarter 2016
November 9, 2016 4:21 PM ESTNEWTOWN SQUARE, Pa.--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced net income attributable to partners for the nine months ended September 30, 2016 was $501 million ($0.68 per limited partner unit, diluted), compared to $368 million ($0.66 per limited partner unit, diluted) for the prior year period. Adjusted EBITDA for the nine months ended September 30, 2016 was $906 million, compared to $836 million for the prior year period. Net income attributable to partners for the three months ended September 30, 2016 was $154 million ($0.16 per limited partner unit, diluted), compared to $56 million (a loss of $0.07 per limited... More
