DALLAS (AP) _ Energy Transfer LP (ET) on Wednesday reported second-quarter net income of $353 million.

The Dallas-based company said it had profit of 13 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The energy-related services provider posted revenue of $7.34 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $11.6 billion.

Energy Transfer LP shares have decreased 44% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.15, a decline of 46% in the last 12 months.

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

Automated Insights, source Associated Press News