Similar to the intrastate segment, ETP’s interstate segment experienced a fall in throughput volume during 2014.
Since 2Q13 and through 4Q14, ETP’s distributions have grown by ~11.3%.
Energy Transfer Partners (ETP) has achieved enormous growth in recent years through mergers and acquisitions (or M&A) and organic projects.
Energy Transfer Partners’ outstanding debt has more than doubled if we compare the pre-merger and post-merger periods.
While the acquisitions of Sunoco Logistics (SXL) and Southern Union have contributed to absolute dollar profits, ETP’s profit margins have actually come down.
In 2014, ETP’s revenue increased by 10.4% over the prior year.
ETP’s retail marketing and wholesale distribution segment consists of the retail sale of motor fuels and merchandise through company-operated or dealer-operated outlets.
As of December 31, 2014, ETP controlled Sunoco Logistics through 1.9% GP (or general partner) interest.
The segment’s liquids transportation volumes increased by 109,000 Bpd (or barrels per day) during 2014.
For the period ended December 31, 2014, the Midstream segment’s revenue and gross profit both saw an upward trend with revenue increasing by $674 million and gross profit by $79 million.
Energy Transfer Partners’ (ETP) Intrastate Transportation and Storage segment generates revenue through fixed fees and by directly selling natural gas.
ETP operates primarily through its six business segments by leveraging its huge asset base.
Considering the rock solid performance of ETP during the slump in energy prices, it is clear that ETP has more fee-based contracts.
Currently, ETP has an enterprise value of $47.5 billion, behind midstream industry behemoth, Enterprise Product Partners (EPD).
About 57% of analysts rate Energy Transfer Partners as “buy,” and ~43% rate it as “hold.”
Energy Transfer Partners (ETP) is one of the largest publicly traded master limited partnerships in the US in terms of equity market capitalization.
The Guggenheim Solar ETF (TAN) gained 0.9% on April 21. American solar stocks account for 47% of the fund’s holdings, and Chinese solar stocks account for another 44%.
Walter Energy (WLT) is a pure-play metallurgical coal producer. Met coal is used in steelmaking. WLT has been the biggest loser among coal stocks since the start of 2014.
On Tuesday, April 21, 38 out of 41 utility stocks that Market Realist tracks dropped. Utility stocks are highly sensitive to interest rate moves as a result of their capital intensive nature.
Natural gas prices increased yesterday—led by the consensus of cold weather. This could push demand higher. Gas prices could increase more in the short term.