Could Energy Transfer Partners’ Leverage Situation Improve?
Energy Transfer Partners’ outstanding debt
Energy Transfer Partners (ETP) ended 1Q17 with a total outstanding debt of $32.0 billion—2.7% lower than outstanding debt at the end of 2016.
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Energy Transfer Partners’ pro forma leverage was 5.7x by the end of 1Q17—above industry standards. MLPs generally target a ratio between 4.0x and 4.5x. However, the partnership expects its leverage to come down significantly due to expected EBITDA growth and distribution savings. The partnership is targeting a leverage ratio of 4.5x by the end of 2017.