Energy Transfer Partners L.P. Earnings: Here’s Why Investors Like These Results
Energy Transfer Partners L.P. (NYSE:ETP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.78%.
Energy Transfer Partners L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 86.21% to $0.6 in the quarter versus EPS of $4.35 in the year-earlier quarter.
Revenue: Rose 731.18% to $10.85 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Energy Transfer Partners L.P. reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.48. It beat the average revenue estimate of $7.92 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…