Energy Transfer Partners LP on Feb. 21 posted fourth-quarter 2017 adjusted EBITDA of $1.94 billion, an increase from $1.49 billion in the prior-year period. The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $1.76 billion.
The partnership's distributable cash flow in the quarter was $1.20 billion, an increase from $955 million in the year-earlier period. Energy Transfer Partners reported net income of $1.10 billion, compared with a loss of $336 million a year earlier.
For the full year, the partnership reported adjusted EBITDA of $6.71 billion, an increase from $5.73 billion a year prior. The S&P Global Market Intelligence consensus estimate for full-year adjusted EBITDA was $6.47 billion.
Distributable cash flow for the year was $4.19 billion, an increase from $3.62 billion in the previous year. Net income came to $2.50 billion, compared to $583 million in the previous year.