Energy Transfer (ET) Misses Q4 EPS by 8c
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Energy Transfer Reports Fourth Quarter 2018 Results with Record Performance and Continued Growth
February 20, 2019 4:05 PM ESTNet income attributable to partners of $617 million, reflecting an increase over previous periods primarily due to the impact of the Merger. Record Adjusted EBITDA of $2.67 billion, up 29 percent from the fourth quarter of 2017. Record Distributable Cash Flow attributable to partners of $1.52 billion, up 29 percent from the fourth quarter of 2017. Distribution coverage ratio of 1.90x, yielding excess coverage of $716 million of Distributable Cash Flow attributable to partners in excess of distributions. Reaffirms 2019 outlook for Adjusted EBITDA of $10.6 billion to $10.8 billion and capital expenditures of... More
