Energy Transfer's Earnings Improve With Market Conditions
Energy Transfer's (NYSE: ET) third-quarter results rebounded from a brutal second quarter as volumes bounced back thanks to improving market conditions. Because of that, the energy company expected to achieve the high end of its revised earnings guidance range. However, market conditions remain challenging, which led the MLP to slash its distribution by 50% during the quarter to reduce debt quicker.
Metric
Q3 2020
Source Fool.com
