BofA/Merrill Lynch Downgrades Energy Transfer Partners (ETP) to Neutral
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Energy Transfer Equity Reports Fourth Quarter and Full Year Results
February 24, 2016 5:22 PM ESTDALLAS--(BUSINESS WIRE)-- Energy Transfer Equity, L.P. (NYSE: ETE) (ETE or the Partnership) today reported financial results for the fourth quarter ended December 31, 2015.
Distributable Cash Flow, as adjusted, was $343 million for the three months ended December 31, 2015 as compared to $243 million for the same period last year, an increase of $100 million. Distributable Cash Flow, as adjusted, per unit was $0.32 for the three months ended December 31, 2015, an increase of 45% compared to the three months ended December 31, 2014. ETEs net income attributable to partners was $314 million for the three months ended December 31, 2015, as compared to net... More
