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 >>

ENERGY TRANSFER, LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
REVENUES:
 
 
 
 
 
 
 
Natural gas sales
$
1,098

 
$
1,069

 
$
3,132

 
$
2,602

NGL sales
1,737

 
1,249

 
4,762

 
3,339

Crude sales
3

 
1,649

 
3,074

 
4,572

Gathering, transportation and other fees
1,032

 
986

 
3,038

 
2,991

Refined product sales

 
177

 
626

 
656

Other
229

 
401

 
1,116

 
1,141

Total revenues
4,099

 
5,531

 
15,748

 
15,301

COSTS AND EXPENSES:
 
 
 
 
 
 
 
Cost of products sold
2,568

 
3,844

 
10,739

 
10,280

Operating expenses
382

 
475

 
1,290

 
1,359

Depreciation, depletion and amortization
472

 
503

 
1,507

 
1,469

Selling, general and administrative
87

 
71

 
284

 
226

Total costs and expenses
3,509

 
4,893

 
13,820

 
13,334

OPERATING INCOME
590

 
638

 
1,928

 
1,967

OTHER INCOME (EXPENSE):
 
 
 
 
 
 
 
Interest expense, net
(334
)
 
(345
)
 
(993
)
 
(981
)
Equity in earnings of unconsolidated affiliates
206

 
65

 
302

 
260

Impairment of investment in an unconsolidated affiliate

 
(308
)
 

 
(308
)
Losses on interest rate derivatives
(8
)
 
(28
)
 
(28
)
 
(179
)
Other, net
69

 
52

 
161

 
96

INCOME BEFORE INCOME TAX EXPENSE (BENEFIT)
523

 
74

 
1,370

 
855

Income tax expense (benefit)
(120
)
 
(64
)
 
9

 
(131
)
NET INCOME
643

 
138

 
1,361

 
986

Less: Net income attributable to noncontrolling interest
106

 
64

 
235

 
231

NET INCOME ATTRIBUTABLE TO PARTNERS
$
537

 
$
74

 
$
1,126

 
$
755


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

 << Previous Page | Next Page >>