Print Page | Close Window
SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 05/04/2017
Entire Document
 << Previous Page | Next Page >>

ENERGY TRANSFER, LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per unit data)
(unaudited)
 
Three Months Ended
March 31,
 
2017
 
2016
REVENUES:
 
 
 
Natural gas sales
$
1,012

 
$
838

NGL sales
1,547

 
940

Crude sales
2,347

 
1,210

Gathering, transportation and other fees
1,024

 
960

Refined product sales
471

 
245

Other
494

 
288

Total revenues
6,895

 
4,481

COSTS AND EXPENSES:
 
 
 
Cost of products sold
5,192

 
2,968

Operating expenses
379

 
348

Depreciation, depletion and amortization
560

 
470

Selling, general and administrative
110

 
81

Total costs and expenses
6,241

 
3,867

OPERATING INCOME
654

 
614

OTHER INCOME (EXPENSE):
 
 
 
Interest expense, net
(339
)
 
(319
)
Equity in earnings of unconsolidated affiliates
73

 
76

Gains (losses) on interest rate derivatives
5

 
(70
)
Other, net
26

 
17

INCOME BEFORE INCOME TAX EXPENSE (BENEFIT)
419

 
318

Income tax expense (benefit)
55

 
(58
)
NET INCOME
364

 
376

Less: Net income attributable to noncontrolling interest
40

 
65

NET INCOME ATTRIBUTABLE TO PARTNERS
324

 
311

General Partner’s interest in net income
206

 
297

Class H Unitholder’s interest in net income
98

 
79

Class I Unitholder’s interest in net income

 
2

Common Unitholders’ interest in net income (loss)
$
20

 
$
(67
)
NET INCOME (LOSS) PER COMMON UNIT:
 
 
 
Basic
$
0.02

 
$
(0.15
)
Diluted
$
0.02

 
$
(0.15
)

The accompanying notes are an integral part of these consolidated financial statements.
3

 << Previous Page | Next Page >>