Energy Transfer Partners LP Finally Turns the Corner
Energy Transfer Partners (NYSE: ETP) has endured its share of trials over the past year as the downturn in the oil market, as well as some operational missteps and unforeseen delays, have weighed on its earnings and cash flow. However, as hoped, the company was able to start turning things around in the second quarter. Its financial results evidence that, as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped 16.7% versus the year-ago period to $1.6 billion while distributable cash flow surged 21.5% to $990 million.
Here's a look at what fueled those results and what the pipeline and processing company still needs to do in the coming quarters to convince investors that it's heading in the right direction.
With the consolidation transaction between the legacy Energy Transfer Partners and Sunoco Logistics Partners closing in April, the company has revised its reportable segments to reflect its consolidated results and streamlined focus. Here's a closer look at how they performed versus the year-ago period:
Source: Fool.com
Plains All American Pipeline LP Stock
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