DALLAS (AP) — Energy Transfer LP (ET) on Wednesday reported fourth-quarter earnings of $509 million.
On a per-share basis, the Dallas-based company said it had profit of 19 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The energy-related services provider posted revenue of $10.03 billion in the period.
For the year, the company reported a loss of $647 million, or 24 cents per share, swinging to a loss in the period. Revenue was reported as $38.95 billion.
Energy Transfer LP shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.89, a decline of 46% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ET at https://www.zacks.com/ap/ET
