Energy Transfer Partners +4% after big Q4 beat; Rover pipeline gets boost [Seeking Alpha]
ENERGY TRANSFER PARTNERS LP (ETP)
Last energy transfer partners lp earnings: 8/8 04:30 pm
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US:NYSE Investor Relations:
ir.energytransfer.com
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Source: Seeking Alpha
Energy Transfer Partners +4% after big Q4 beat; Rover pipeline gets boostEnergy Transfer Partners (NYSE:ETP)+4.2% after-hours asQ4 earnings crush analyst expectations and revenues rise by nearly a third from the year-ago quarter to $8.6B, also easily beating estimates.ETP says adjusted EBITDA for the quarter totaled $1.94B, up 30% Y/Y, reflecting significantly higher results from the midstream and crude oil transportation and services segments; distributable cash flow of $1.2B rose from $960M compared to the same period last year.Distribution coverage ratio of 1.3x; without IDRs, distribution coverage of ~1.1x.Separately, the Federal Energy Regulatory Commission todayauthorized the start-up of the Rover pipeline's Mainline Compressor Station 2 in Ohio, raising total project capacity to ~2B cf/day as the designed 3.25B cf/day project readies for full service later this year.See all stocks on the move »Now read:What Retirees Need To Consider Now That Market Volatility Is Back »
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