Print Page | Close Window
SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 11/08/2017
Entire Document
 << Previous Page | Next Page >>

The following table details our outstanding commodity-related derivatives:
 
September 30, 2017
 
December 31, 2016
 
Notional Volume
 
Maturity
 
Notional Volume
 
Maturity
Mark-to-Market Derivatives
 
 
 
 
 
 
 
(Trading)
 
 
 
 
 
 
 
Natural Gas (MMBtu):
 
 
 
 
 
 
 
Fixed Swaps/Futures
1,297,500

 
2017-2018
 
(682,500
)
 
2017
Basis Swaps IFERC/NYMEX(1)
(15,810,000
)
 
2017-2019
 
2,242,500

 
2017
Options – Puts
13,000,000

 
2018
 

 
Power (Megawatt):
 
 
 
 
 
 
 
Forwards
665,040

 
2017-2018
 
391,880

 
2017-2018
Futures
(213,840
)
 
2017-2018
 
109,564

 
2017-2018
Options – Puts
(280,800
)
 
2017-2018
 
(50,400
)
 
2017
Options – Calls
545,600

 
2017-2018
 
186,400

 
2017
Crude (Bbls) – Futures
(160,000
)
 
2017
 
(617,000
)
 
2017
(Non-Trading)
 
 
 
 
 
 
 
Natural Gas (MMBtu):
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
67,500

 
2017-2020
 
10,750,000

 
2017-2018
Swing Swaps IFERC
91,897,500

 
2017-2019
 
(5,662,500
)
 
2017
Fixed Swaps/Futures
(20,220,000
)
 
2017-2019
 
(52,652,500
)
 
2017-2019
Forward Physical Contracts
(140,937,993
)
 
2017-2018
 
(22,492,489
)
 
2017
Natural Gas Liquid (Bbls) – Forwards/Swaps
(4,647,000
)
 
2017-2019
 
(5,786,627
)
 
2017
Refined Products (Bbls) – Futures

 
 
(2,240,000
)
 
2017
Fair Value Hedging Derivatives
 
 
 
 
 
 
 
(Non-Trading)
 
 
 
 
 
 
 
Natural Gas (MMBtu):
 
 
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(41,102,500
)
 
2017
 
(36,370,000
)
 
2017
Fixed Swaps/Futures
(41,102,500
)
 
2017
 
(36,370,000
)
 
2017
Hedged Item – Inventory
41,102,500

 
2017
 
36,370,000

 
2017
(1) 
Includes aggregate amounts for open positions related to Houston Ship Channel, Waha Hub, NGPL TexOk, West Louisiana Zone and Henry Hub locations.
Interest Rate Risk
We are exposed to market risk for changes in interest rates. To maintain a cost effective capital structure, we borrow funds using a mix of fixed rate debt and variable rate debt. We also manage our interest rate exposure by utilizing interest rate swaps to achieve a desired mix of fixed and variable rate debt. We also utilize forward starting interest rate swaps to lock in the rate on a portion of our anticipated debt issuances.


23

 << Previous Page | Next Page >>