Sunoco (SUN) Misses Q3 EPS by 22c
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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
