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Energy Transfer Partners Q1 adjusted EBITDA beats analyst estimates

Energy Transfer Partners LP on May 9 posted first-quarter 2018 adjusted EBITDA of $1.88 billion, an increase from $1.45 billion in the prior-year period.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $1.87 billion.

The partnership's distributable cash flow in the quarter was $1.22 billion, an increase from $945 million in the year-earlier period. Energy Transfer Partners reported net income of $879 million, an increase from the $393 million reported a year earlier.

Energy Transfer Equity LP reported net income of $363 million in the first quarter of 2018, up from the $239 million reported in the year-ago quarter.

Distributable cash flow, as adjusted, was $395 million compared to $215 million in the first quarter of 2017.

The partnership reported revenues for the quarter amounting to $11.88 billion, compared to $9.66 billion in the 2017 quarter.