Energy Transfer Partners LP's Growth Initiatives Paid Big Dividends in the Third Quarter
As expected, Energy Transfer Partners' (NYSE: ETP) turnaround continued in the third-quarter. The MLP reported a 25.5% spike in adjusted EBITDA to $1.74 billion, which fueled a 27.4% surge in distributable cash flow (DCF) to $1.05 billion. That rising cash flow enabled the company to cover its growing distribution to investors, though to do so, it still needed the help of parent Energy Transfer Equity (NYSE: ETE). Because of that, the company's monster 13% yield isn't on solid ground just yet.
Fueling Energy Transfer's strong showing was nearly across-the-board growth in its various business units:
Data source: Energy Transfer Partners. Chart by author. In millions of dollars.
Source: Fool.com
