Sunoco Logistics Reports Earnings for the Third Quarter 2013 and Fourth Consecutive 5 Percent Quarterly Distribution Increase

Autor: Sunoco Logistics Partners L.P.
Zdroj: Business Wire (English). 11/05/2013.
Abstrakt: Sunoco Logistics Partners L.P. (NYSE: SXL) (the “Partnership”) today announced its results for the third quarter ended September 30, 2013. Adjusted EBITDA for the three months ended September 30, 2013 decreased $23 million to $181 million compared to the third quarter 2012. Net income attributable to partners for the third quarter 2013 was $78 million ($0.45 per limited partner unit diluted), compared with $134 million ($1.09 per limited partner unit diluted) for the third quarter 2012. Additional highlights include: Distributable cash flow of $121 million for the third quarter 2013 Twenty-two percent distribution increase to $2.52 (annualized), compared to the third quarter 2012 of $2.07 (annualized) Ended the quarter with a Debt to Adjusted EBITDA ratio of 2.5x Completed a successful open season for Granite Wash Extension crude oil pipeline project Commenced an open season for the Permian Express 2 crude oil pipeline project [ABSTRACT FROM PUBLISHER]
Databáze: Regional Business News
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