On Friday, Shares of Energy Transfer Partners (NYSE: ETP) showed the bullish trend with a higher momentum of 1.11% and ended its trading session at $19.20. The company traded total volume of 3,795,402 shares as contrast to its average volume of 6.91M shares. The company has a market value of $22.10B and about 1.15B shares outstanding.
Energy Transfer Partners, L.P. (ETP) recently stated its financial results for the quarter ended March 31, 2018.
For the three months ended March 31, 2018, net income was $879.0M and Adjusted EBITDA was $1.88B. Adjusted EBITDA increased $436.0M contrast to the three months ended March 31, 2017, reflecting a boost of $277.0M in Adjusted EBITDA from the crude oil transportation and services segment, as well as higher results from several of the other segments, as discussed in the segment results analysis below. Net income increased $486.0M contrast to the three months ended March 31, 2017, mainly because of increased operating income in addition to a $172.0M pre-tax gain on Sunoco LP units that were repurchased by Sunoco LP from ETP in February 2018. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2018 totaled $1.220B, a boost of $278.0M contrast to the three months ended March 31, 2017, mainly because of the increase in Adjusted EBITDA.
The Company offered net profit margin of 4.10% while its gross profit margin was 28.30%. ROE was recorded as 4.70% while beta factor was 0.99. The stock, as of recent close, has shown the weekly upbeat performance of 3.90% which was maintained at 7.14% in this year.
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