Energy Transfer Equity (ETE) Misses Q4 EPS by 12c
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Energy Transfer Equity Reports Fourth Quarter Results
February 21, 2018 4:30 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, 2017.
ETEs net income attributable to partners was $251 million for the three months ended December 31, 2017 compared to $233 million for the three months ended December 31, 2016. Distributable Cash Flow, as adjusted, was $263 million for the three months ended December 31, 2017 compared to $299 million for the three months ended December 31, 2016. The decrease in Distributable Cash Flow, as adjusted, is primarily driven by a reduction in incentive distributions as previously agreed to between ETE... More
