Regency Energy Partners has reported revenue of $325 million for the fourth quarter of 2007, a 46% increase, compared to $222 million for the fourth quarter of 2006.
The partnership’s adjusted EBITDA increased 49% to $38 million for the fourth quarter of 2007, compared to $25 million for the fourth quarter of 2006. Net income was $2 million, compared to $7 million.
Revenue for the year 2007 increased 30% to $1.2 billion, compared to $897 million in 2006. The partnership’s adjusted EBITDA increased 43% to $133 million in 2007, compared to $93 million in 2006. For the year ended December 31, 2007, the partnership recorded a net loss of $20 million, compared to a net loss of $7 million in 2006.
James Hunt, chairman, president and CEO of Regency, said: This past year was a monumental year for Regency, best defined by GE Energy Financial Services becoming the majority owner of our general partner. In addition, in 2007, Regency announced three acquisitions, totaling almost $897 million, with a fourth deal announced last week for $85 million.