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Energy Transfer Partners, L.P. Message Board

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  • birdluck1 birdluck1 Aug 14, 2009 12:13 AM Flag

    2nd [an final] attempt at a DCF calculation

    I just read the earings transcript for ETP on Seeking Alpha and here is the only quote regarding DCF and the coverage ratio you will notice a decimal placement error for the quarterly distribution:

    "A few comments regarding our distribution rate and as we stated in our press release on July 28, we continue to be cautious in this challenging economic environment and we have kept our distribution at a rate of $3.75 per common units on an annualized basis or $89.38 for common units per quarter.

    As we look to the future and expect to receive additional distributable cash flow from recently completed pipeline and from pipelines expected to be completed within the next years to 18 months. We intend to resume our distribution growth with the goal of maintaining a distribution coverage ratio of 1.15, which recruiting coverage ratio given our diversified asset base and percentage of revenue coming from long-term key based top line (ph)."

 
ETP
40.53+0.10(+0.25%)Jul 25 4:02 PMEDT