Energy Transfer Partners has reported a net income of $151 million for the fourth quarter of 2008, compared to $180.2 million for the fourth quarter ended November 30, 2007.
The net income for the fourth quarter of 2008 reflects unrealized losses on certain interest rate derivatives of $50.7 million, compared to unrealized losses of $1.3 million for the three months ended November 30, 2007.
The company has reported a net income of $866 million for the year ended December 31, 2008, compared to $785.35 million for the year ended November 30, 2007. For the year 2008, Energy Transfer Partners has reported total revenues of $9.29 billion, compared to $7.03 billion for the year 2007.
For the fourth quarter of 2008, the company has reported total revenues of $1.79 billion, compared to $1.63 billion for the same period of 2007.
According to the company, EBITDA, as adjusted, for the year ended December 31, 2008 totaled $1.40 billion, an increase of $248.7 million or 21.5% over the twelve months ended November 30, 2007. Net income for the year ended December 31, 2008 totaled $866.0 million, an increase of $80.7 million over the twelve months ended November 30, 2007.
Energy Transfer Partners is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the intrastate pipeline system in Texas. The company’s natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas.
