Energy Transfer Equity: 3Q Earnings Snapshot
DALLAS (AP) _ Energy Transfer Equity L.P. (ET) on Wednesday reported third-quarter earnings of $371 million.
The Dallas-based company said it had profit of 32 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The energy-related services provider posted revenue of $14.51 billion in the period.
Energy Transfer Equity shares have fallen 7.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.97, a decline of 15 percent in the last 12 months.