News Column

Energy Transfer Partners Reports Second Quarter Results

August 22, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Energy Transfer Partners, L.P. (NYSE: ETP) reported its financial results for the quarter ended June 30, 2014. Adjusted EBITDA for Energy Transfer Partners, L.P. ("ETP" or the "Partnership") for the three months ended June 30, 2014 totaled $1.17 billion, an increase of $100 million over the same period last year. Distributable Cash Flow attributable to the partners of ETP for the three months ended June 30, 2014 totaled $538 million, an increase of $55 million over the same period last year. Income from continuing operations for the three months ended June 30, 2014 was $539 million, an increase of $135 million over the same period last year.

Adjusted EBITDA for ETP for the six months ended June 30, 2014 totaled $2.38 billion, an increase of $350 million over the same period last year. Distributable Cash Flow attributable to the partners of ETP for the six months ended June 30, 2014 totaled $1.25 billion, an increase of $379 million over the same period last year. Income from continuing operations for the six months ended June 30, 2014 was $1.01 billion, an increase of $200 million over the same period last year.

In July, ETP announced that its Board of Directors approved an increase in its quarterly distribution to $0.955 per unit ($3.82 annualized) on ETP Common Units for the quarter ended June 30, 2014, representing an increase of $0.08 per Common Unit on an annualized basis compared to the first quarter of 2014. For the quarter ended June 30, 2014, ETP's distribution coverage ratio was 1.10x.

Keywords for this news article include: Energy Companies, Energy Transfer Partners L.P.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Energy Weekly News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters