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SEC Filings
10-Q
ENERGY TRANSFER, LP filed this Form 10-Q on 11/08/2017
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Revenues from our intrastate transportation and storage segment are primarily reflected in natural gas sales and gathering, transportation and other fees. Revenues from our interstate transportation and storage segment are primarily reflected in gathering, transportation and other fees. Revenues from our midstream segment are primarily reflected in natural gas sales, NGL sales and gathering, transportation and other fees. Revenues from our liquids transportation and services segment are primarily reflected in NGL sales and gathering, transportation and other fees. Revenues from our investment in ETP segment are primarily reflected in crude sales. Revenues from our all other segment are primarily reflected in other.
We report Segment Adjusted EBITDA as a measure of segment performance. We define Segment Adjusted EBITDA as earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Unrealized gains and losses on commodity risk management activities include unrealized gains and losses on commodity derivatives and inventory fair value adjustments (excluding lower of cost or market adjustments). Segment Adjusted EBITDA reflects amounts for unconsolidated affiliates based on the Partnership’s proportionate ownership.
The following tables present financial information by segment:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
Intrastate transportation and storage:
 
 
 
 
 
 
 
Revenues from external customers
$
729

 
$
583

 
$
2,196

 
$
1,457

Intersegment revenues
44

 
175

 
146

 
400

 
773

 
758

 
2,342

 
1,857

Interstate transportation and storage:
 
 
 
 
 
 
 
Revenues from external customers
220

 
231

 
652

 
714

Intersegment revenues
4

 
5

 
14

 
15

 
224

 
236

 
666

 
729

Midstream:
 
 
 
 
 
 
 
Revenues from external customers
639

 
582

 
1,873

 
1,799

Intersegment revenues
1,128

 
761

 
3,144

 
1,966

 
1,767

 
1,343

 
5,017

 
3,765

Liquids transportation and services:
 
 
 
 
 
 
 
Revenues from external customers
1,790

 
1,099

 
4,664

 
3,027

Intersegment revenues
22

 
113

 
203

 
214

 
1,812

 
1,212

 
4,867

 
3,241

Investment in ETP:
 
 
 
 
 
 
 
Revenues from external customers
22

 
2,154

 
4,216

 
6,133

Intersegment revenues

 
35

 
44

 
101

 
22

 
2,189

 
4,260

 
6,234

All other:
 
 
 
 
 
 
 
Revenues from external customers
699

 
882

 
2,147

 
2,171

Intersegment revenues
19

 
74

 
138

 
350

 
718

 
956

 
2,285

 
2,521

Eliminations
(1,217
)
 
(1,163
)
 
(3,689
)
 
(3,046
)
Total revenues
$
4,099

 
$
5,531

 
$
15,748

 
$
15,301



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