Energy Transfer Partners Reveals 43% Retreat In Q2 Profit

(RTTNews) - Energy Transfer Partners (ETP) reported a profit for second quarter that declined compared to the same period last year.

The company said its earnings dropped to $370 million, or $0.10 per share. This was lower than $654 million, or $0.67 per share, in last year's second quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 54.2% to $5.29 billion. This was down from $11.54 billion last year.

Energy Transfer Partners earnings at a glance:

-Earnings (Q2): $370 Mln. vs. $654 Mln. last year. -Earnings Decline (Y-o-Y): -43.4% -EPS (Q2): $0.10 vs. $0.67 last year. -EPS Decline (Y-o-Y): -85.1% -Analysts Estimate: $0.10 -Revenue (Q2): $5.29 Bln vs. $11.54 Bln last year. -Revenue Change (Y-o-Y): -54.2%