Energy Transfer (ET) Misses Q3 EPS by 53c

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Go back to Energy Transfer (ET) Misses Q3 EPS by 53c

Energy Transfer Reports Solid Third Quarter 2020 Results

November 4, 2020 4:15 PM EST

DALLAS--(BUSINESS WIRE)-- Energy Transfer LP (NYSE: ET) (ET or the Partnership) today reported financial results for the quarter ended September 30, 2020.

ET reported an earnings net loss attributable to partners for the three months ended September 30, 2020 of $782 million, which included non-cash impairments of goodwill and joint venture investments totaling $1.6 billion.

Adjusted EBITDA for the three months ended September 30, 2020 was $2.87 billion compared with $2.81 billion for the three months ended September 30, 2019. Results included record operating performance in the Partnerships NGL and refined products segment.

Distributable Cash Flow attributable to partners, as adjusted, for the... More