NEW YORK (TheStreet) -- Energy Transfer Equity (ETE) stock is declining by 11.72% to $6.33 in late-morning trading on Thursday, after the company reported its 2015 fourth quarter financial results. 

After the market close on Wednesday, the pipeline company posted earnings of 30 cents per unit, below analysts' expectations for earnings of 36 cents per unit. 

Revenue was $9.54 billion for the quarter, while Wall Street was looking for revenue of $13.04 billion.

Energy Transfer Equity is in the process of acquiring Williams Cos. (WMB) in a deal valued at $32.6 billion. 

Williams Cos. reiterated its commitment to the merger in its earnings release last week, even as investors worry that the deal might not close amid plunging energy prices and after Energy Transfer Equity CFO Jamie Welch announced he's leaving the company.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

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Energy Transfer Equity's strengths such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations are countered by weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

You can view the full analysis from the report here: ETE

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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