Energy Transfer Partners LP (ETP)

[benfrankledger]

At the start of this year, the MLP’s adjusted EBITDA (ttm basis) was $5.6 billion which translated into a long-term debt to adjusted EBITDA ratio of 5.7x.

Since then, Energy Transfer Partners has improved its earnings by 10.4% which led to a drop in leverage ratio to 5.4x.