Energy Transfer Equity (ETE) Misses Q2 EPS by 6c
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Sunoco LP Announces Second Quarter 2016 Financial and Operating Results
August 3, 2016 8:22 PM EDTDALLAS, Aug. 3, 2016 /PRNewswire/ --Â Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced financial and operating results for the three-month period ended June 30, 2016.Â
Revenue totaled $4.1 billion, a decrease of 19.6 percent, compared to $5.1 billion in the second quarter of 2015. The decline was the result of a 60.5 cent per gallon decrease in the average selling price of fuel partly offset by an increase in retail merchandise sales.
Total gross profit was $580.6 million, compared to $545.2 million in the second quarter of 2015. Key drivers of the increase were a higher total... More
Energy Transfer Equity Reports Second Quarter Results
August 3, 2016 6:22 PM EDTDALLAS--(BUSINESS WIRE)-- Energy Transfer Equity, L.P. (NYSE: ETE) (ETE or the Partnership) today reported financial results for the quarter ended June 30, 2016.
ETEs net income attributable to partners was $241 million for the three months ended June 30, 2016 compared to $298 million for the three months ended June 30, 2015. Distributable Cash Flow, as adjusted, for the three months ended June 30, 2016 was $276 million compared to $335 million for the three months ended June 30, 2015.
The Partnerships recent key accomplishments and other developments include the following:
In July 2016, ETE announced a $0.285 distribution per ETE... MoreEnergy Transfer Partners Reports Second Quarter Results
August 3, 2016 6:20 PM EDTDALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) (ETP or the Partnership) today reported its financial results for the quarter ended June 30, 2016. Net income for the three months ended June 30, 2016 was $472 million, a decrease of $367 million compared to the three months ended June 30, 2015, primarily due to a $208 million impact from interest rate derivatives, a $118 million decrease in Adjusted EBITDA, and a $50 million impact from income taxes. Adjusted EBITDA for ETP for the three months ended June 30, 2016 totaled $1.37 billion, a decrease of $118 million compared to the three months ended June 30, 2015, primarily due to... More
