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SEC Filings
8-K
ENERGY TRANSFER, LP filed this Form 8-K on 05/03/2017
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Liquids Transportation and Services
 
Three Months Ended
March 31,
 
2017
 
2016
Liquids transportation volumes (Bbls/d)
739,982

 
537,251

NGL fractionation volumes (Bbls/d)
433,473

 
362,906

Revenues
$
1,622

 
$
919

Segment Adjusted EBITDA
$
259

 
$
227

NGL transportation volumes increased in most major producing regions, including the Permian, North Texas, Louisiana and the Eagle Ford. Additionally, our Bayou Bridge crude pipeline, originating in Nederland and delivering into Lake Charles, began transporting volumes in April 2016.
Average daily fractionated volumes increased for the three months ended March 31, 2017 compared to the same period last year primarily due to the commissioning of our fourth fractionator at Mont Belvieu, Texas, in October 2016, which has a capacity of 120,000 Bbls/d, as well as increased producer volumes as mentioned above.
For the three months ended March 31, 2017 compared to the same period last year, Segment Adjusted EBITDA related to our liquids transportation and services segment increased due to net impact of the following:
an increase of $37 million in transportation fees due to higher NGL and crude transport volumes;
an increase of $17 million in processing and fractionation margin (excluding changes in unrealized gains of $4 million) primarily due to higher NGL volumes from most major producing regions, as noted above; and
an increase of $8 million in storage margin primarily due to increased volumes from our Mont Belvieu fractionators; partially offset by
a decrease of $8 million in other margin (excluding changes in unrealized gains of $31 million) primarily due to the timing of the recognition of margin from optimization activities;
an increase of $19 million in operating expenses primarily due to increased costs associated with our fourth fractionator at Mont Belvieu and new pipelines placed in service; and
an increase of $2 million in general and administrative expenses due to lower capitalized overhead as a result of reduced capital spending.

Interstate Transportation and Storage
 
Three Months Ended
March 31,
 
2017
 
2016
Natural gas transported (MMBtu/d)
5,655,558

 
5,835,046

Natural gas sold (MMBtu/d)
16,905

 
17,177

Revenues
$
235

 
$
259

Segment Adjusted EBITDA
$
265

 
$
292

 
 
 
 
Distributions from unconsolidated affiliates
$
114

 
$
73

Transported volumes decreased primarily due to mild weather; in particular, volumes on the Transwestern pipeline decreased by 64,827 MMBtu/d. In addition, volumes on the Sea Robin pipeline decreased 37,075 MMBtu/d due to producer maintenance and production declines.

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