Energy Transfer Partners (ETP) Misses Q1 EPS Views
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Energy Transfer Partners Reports First Quarter Results
May 4, 2016 5:25 PM EDTDALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) (ETP or the Partnership) today reported its financial results for the quarter ended March 31, 2016. Adjusted EBITDA for ETP for the three months ended March 31, 2016 totaled $1.41 billion, an increase of $46 million compared to the same period last year. Distributable Cash Flow attributable to the partners of ETP, as adjusted, for the three months ended March 31, 2016 totaled $793 million, a decrease of $51 million compared to the same period last year. Net income for the three months ended March 31, 2016 was $376 million, an increase of $108 million compared to the same period... More
Energy Transfer Equity Reports First Quarter Results
May 4, 2016 5:24 PM EDTDALLAS--(BUSINESS WIRE)-- Energy Transfer Equity, L.P. (NYSE: ETE) (ETE or the Partnership) today reported financial results for the quarter ended March 31, 2016.
Distributable Cash Flow, as adjusted, for the three months ended March 31, 2016 was $349 million compared to $321 million for the three months ended March 31, 2015, an increase of $28 million. Distributable Cash Flow, as adjusted, per unit was $0.33 for the three months ended March 31, 2016, an increase of 10% compared to the three months ended March 31, 2015. ETEs net income attributable to partners was $312 million for the three months ended March 31, 2016 compared to $284 million for the three months... More
Sunoco Logistics Announces Continued Growth in Earnings, Distributable Cash Flow and Distribution for First Quarter 2016
May 4, 2016 5:14 PM EDTNEWTOWN SQUARE, Pa.--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE: SXL) (the "Partnership") today announced results for the first quarter 2016. Adjusted EBITDA for the three months ended March 31, 2016 was $349 million, a $128 million increase compared to the first quarter 2015. The first quarter 2016 included approximately $52 million related to favorable LIFO inventory accounting. Net income attributable to partners for the first quarter 2016 was $145 million ($0.18 per limited partner unit, diluted), compared to net income attributable to partners of $36 million ($0.10 loss per limited partner unit, diluted) for the first quarter 2015. Both periods included inventory adjustments resulting from... More
