I suspect the earnings report has some moths on it. Insiders must be selling this down hard for price to drop this much before Ex-Divi date. Price action this close to ExD make me think the Divi might be cut.
We had been expecting Energy Transfer Partners ETP to resume distribution growth this quarter, but its dole was left flat at $0.89375 per unit. Its recent acquisition of a 70% stake in LDH Energy probably accounts for the pause remaining in place; LDH was more of a strategic deal than a financial one. multiples.)... we still think distribution growth will resume later this year.