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Energy Transfer Partners (ETP) Posts Q4 Loss, Revenues Beat
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Natural gas pipeline operator Energy Transfer Partners LP reported fourth-quarter 2016 loss of 7 cents per limited partner unit. The Zacks Consensus Estimate was of earnings of 20 cents per limited partner unit. The bottom line also e compared unfavorably with the year-ago quarter profit of 2 cents per limited partner unit.
Quarterly revenues increased to $6,526 million from $5,825 million a year ago. The top line also beat the Zacks Consensus Estimate of $5,713 million.
Quarterly Cash Distribution
Last month, Energy Transfer Partners announced fourth-quarter distribution of $1.055 per unit ($4.22 per unit annualized). This cash distribution remained unchanged on a sequential basis.
EBITDA & Operating Income
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter were $1,430 million compared with $1,357 million a year ago.
The partnership’s operating loss of $165 million compared unfavorably with an income of $187 million in fourth-quarter 2015.
Total Expense
Energy Transfer Partners reported total expense of $6,691 million in fourth-quarter 2016. It had recorded total expense of $5,638 million in the year-ago period.
Distributable Cash Flow
Distributable cash flow of $796 million was significantly lower than the prior-year quarter level of $879 million.
Capital Expenditure
ENERGY TRANSFER PARTNERS Price, Consensus and EPS Surprise
Maintenance capital expenditure totaled $134 million compared with $177 million in the fourth quarter of 2015.
Balance Sheet
As of Dec 31, 2016, Energy Transfer Partners had long-term debt (less current maturities) of $31,741 million. Debt-to-capitalization ratio was about 54.4%.
Zacks Rank & Stocks to Consider
Energy Transfer Partners currently carries a Zacks Rank #4 (Sell).
In the last four quarters, Sunrun posted an average positive earnings surprise of 134.7%.
In the second last quarter, Delek Logistics Partners posted a positive earnings surprise of 13.8%.
In the last four quarters, Ultra Petroleum posted a positive earnings surprise of 93.7%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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Energy Transfer Partners (ETP) Posts Q4 Loss, Revenues Beat
Natural gas pipeline operator Energy Transfer Partners LP reported fourth-quarter 2016 loss of 7 cents per limited partner unit. The Zacks Consensus Estimate was of earnings of 20 cents per limited partner unit. The bottom line also e compared unfavorably with the year-ago quarter profit of 2 cents per limited partner unit.
Quarterly revenues increased to $6,526 million from $5,825 million a year ago. The top line also beat the Zacks Consensus Estimate of $5,713 million.
Quarterly Cash Distribution
Last month, Energy Transfer Partners announced fourth-quarter distribution of $1.055 per unit ($4.22 per unit annualized). This cash distribution remained unchanged on a sequential basis.
EBITDA & Operating Income
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter were $1,430 million compared with $1,357 million a year ago.
The partnership’s operating loss of $165 million compared unfavorably with an income of $187 million in fourth-quarter 2015.
Total Expense
Energy Transfer Partners reported total expense of $6,691 million in fourth-quarter 2016. It had recorded total expense of $5,638 million in the year-ago period.
Distributable Cash Flow
Distributable cash flow of $796 million was significantly lower than the prior-year quarter level of $879 million.
Capital Expenditure
ENERGY TRANSFER PARTNERS Price, Consensus and EPS Surprise
ENERGY TRANSFER PARTNERS Price, Consensus and EPS Surprise | ENERGY TRANSFER PARTNERS Quote
Maintenance capital expenditure totaled $134 million compared with $177 million in the fourth quarter of 2015.
Balance Sheet
As of Dec 31, 2016, Energy Transfer Partners had long-term debt (less current maturities) of $31,741 million. Debt-to-capitalization ratio was about 54.4%.
Zacks Rank & Stocks to Consider
Energy Transfer Partners currently carries a Zacks Rank #4 (Sell).
Some better-ranked players from the broader energy sector include Sunrun Inc. (RUN - Free Report) , Delek Logistics Partners, L.P. (DKL - Free Report) and Ultra Petroleum Corp. . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
In the last four quarters, Sunrun posted an average positive earnings surprise of 134.7%.
In the second last quarter, Delek Logistics Partners posted a positive earnings surprise of 13.8%.
In the last four quarters, Ultra Petroleum posted a positive earnings surprise of 93.7%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>