Energy Transfer (ET) Tops Q4 EPS by 2c
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Energy Transfer Reports Solid Fourth Quarter 2019 Results
February 19, 2020 4:10 PM ESTNet income attributable to partners of $1.01 billion, reflecting an increase over the prior period primarily due to higher operating income. Adjusted EBITDA of $2.81 billion, up 5 percent from the fourth quarter of 2018. Distributable Cash Flow attributable to partners of $1.55 billion, up 2 percent from the fourth quarter of 2018. Distribution coverage ratio of 1.88x, yielding excess coverage of $725 million of Distributable Cash Flow attributable to partners in excess of distributions. Provides 2020 outlook for Adjusted EBITDA of $11.0 billion to $11.4 billion. 2020 growth capital expenditures outlook, updated to include $300 million of capital expenditures related to the acquisition of... More
