Energy Transfer Partners Q3 Earnings Fall 60%

(RTTNews) - Energy Transfer Partners (ETP) released a profit for third quarter that decreased from last year.

The company said its bottom line declined to $59 million, or $0.10 per share. This was lower than $148 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 55.8% to $6.60 billion. This was down from $14.93 billion last year.

Energy Transfer Partners earnings at a glance:

-Earnings (Q3): $59 Mln. vs. $148 Mln. last year. -Earnings Decline (Y-o-Y): -60.1% -EPS (Q3): $0.10 vs. $0.44 last year. -EPS Decline (Y-o-Y): -77.3% -Analysts Estimate: $0.20 -Revenue (Q3): $6.60 Bln vs. $14.93 Bln last year. -Revenue Change (Y-o-Y): -55.8%