Energy Transfer Partners Q1 Financial Results

May 10, 2018

 

Energy Transfer Partners Q1 financial results:

For the three months ended March 31, 2018, net income was $879 million and Adjusted EBITDA was $1.88 billion.

Adjusted EBITDA increased $436 million compared to the three months ended March 31, 2017, reflecting an increase of $277 million in Adjusted EBITDA from the crude oil transportation and services segment, as well as higher results from several of the other segments.

Net income increased $486 million compared to the three months ended March 31, 2017, primarily due to increased operating income in addition to a $172 million pre-tax gain on Sunoco LP units that were repurchased by Sunoco LP from ETP in February 2018.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2018 totaled $1.22 billion, an increase of $278 million compared to the three months ended March 31, 2017, primarily due to the increase in Adjusted EBITDA.