Energy Transfer Partners (ETP) Reports In-Line Q2 EPS
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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
Sunoco Logistics Announces Results for Second Quarter 2016
August 3, 2016 6:15 PM EDTNEWTOWN SQUARE, Pa.--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced net income attributable to partners for the six months ended June 30, 2016 of $347 million ($0.52 per limited partner unit, diluted), compared to $312 million ($0.75 per limited partner unit, diluted) for the prior year period. Adjusted EBITDA for the six months ended June 30, 2016 was $594 million, compared to $547 million for the prior year period. Net income attributable to partners was $202 million for the three months ended June 30, 2016 ($0.34 per limited partner unit, diluted). Adjusted EBITDA was $245 million for the three months ended June 30, 2016. The second... More
