Energy Transfer Partners LP's Growth Initiatives Paid Big Dividends in the Third Quarter

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.

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Source: Fool.com