Stifel Upgrades Energy Transfer Partners (ETP) to Buy

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Go back to Stifel Upgrades Energy Transfer Partners (ETP) to Buy

Energy Transfer Equity Reports Second Quarter Results

August 3, 2016 6:22 PM EDT

DALLAS--(BUSINESS WIRE)-- Energy Transfer Equity, L.P. (NYSE: ETE) (ETE or the Partnership) today reported financial results for the quarter ended June 30, 2016.

ETEs net income attributable to partners was $241 million for the three months ended June 30, 2016 compared to $298 million for the three months ended June 30, 2015. Distributable Cash Flow, as adjusted, for the three months ended June 30, 2016 was $276 million compared to $335 million for the three months ended June 30, 2015.

The Partnerships recent key accomplishments and other developments include the following:

In July 2016, ETE announced a $0.285 distribution per ETE... More