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SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 08/09/2017
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ENERGY TRANSFER, LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
REVENUES:
 
 
 
 
 
 
 
Natural gas sales
$
1,022

 
$
695

 
$
2,034

 
$
1,533

NGL sales
1,478

 
1,150

 
3,025

 
2,090

Crude sales
724

 
1,713

 
3,071

 
2,923

Gathering, transportation and other fees
982

 
1,045

 
2,006

 
2,005

Refined product sales
155

 
234

 
626

 
479

Other
377

 
452

 
871

 
740

Total revenues
4,738

 
5,289

 
11,633

 
9,770

COSTS AND EXPENSES:
 
 
 
 
 
 
 
Cost of products sold
3,130

 
3,630

 
8,322

 
6,598

Operating expenses
373

 
374

 
752

 
722

Depreciation, depletion and amortization
473

 
496

 
1,033

 
966

Selling, general and administrative
86

 
74

 
196

 
155

Total costs and expenses
4,062

 
4,574

 
10,303

 
8,441

OPERATING INCOME
676

 
715

 
1,330

 
1,329

OTHER INCOME (EXPENSE):
 
 
 
 
 
 
 
Interest expense, net
(320
)
 
(317
)
 
(659
)
 
(636
)
Equity in earnings of unconsolidated affiliates
23

 
119

 
96

 
195

Losses on interest rate derivatives
(25
)
 
(81
)
 
(20
)
 
(151
)
Other, net
67

 
27

 
93

 
44

INCOME BEFORE INCOME TAX EXPENSE (BENEFIT)
421

 
463

 
840

 
781

Income tax expense (benefit)
71

 
(9
)
 
126

 
(67
)
NET INCOME
350

 
472

 
714

 
848

Less: Net income attributable to noncontrolling interest
89

 
102

 
129

 
167

NET INCOME ATTRIBUTABLE TO PARTNERS
$
261

 
$
370

 
$
585

 
$
681


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