Energy Transfer LP: 2Q Earnings Snapshot
DALLAS (AP) _ Energy Transfer LP (ET) on Wednesday reported second-quarter profit of $878 million.
The Dallas-based company said it had profit of 33 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The energy-related services provider posted revenue of $13.88 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $14.32 billion.
Energy Transfer LP shares have risen 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.36, a fall of 28% in the last 12 months.