Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Oct. 29, 2018--
Energy Transfer LP (NYSE: ET), formerly Energy Transfer Equity,
L.P. (ETE), today announced a quarterly cash distribution of $0.305 per
ET common unit ($1.22 on an annualized basis) for the third quarter
ended September 30, 2018. This cash distribution is the same as the
distribution for the second quarter of 2018 and will be paid on November
19, 2018 to unitholders of record as of the close of business on
November 8, 2018.
As previously announced, ETE merged with Energy Transfer Partners, L.P.
(ETP), on October 19, 2018 and changed its name to Energy Transfer LP
and now trades on the New York Stock Exchange under the “ET” ticker
symbol. This ET distribution announcement is the first for the combined
partnerships following the merger.
ET plans to release earnings for the third quarter of 2018 on Wednesday,
November 7, 2018, after the market closes. ET will conduct a conference
call on Thursday, November 8 at 8:00 a.m. Central Time to discuss
quarterly results. The conference call will be broadcast live via an
internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com.
The call will also be available for replay on Energy Transfer’s website
for a limited time.
Energy Transfer LP (NYSE: ET) owns and operates one of the
largest and most diversified portfolios of energy assets in the United
States, with a strategic footprint in all of the major domestic
production basins. ET is a publicly traded limited partnership with core
operations that include complementary natural gas midstream, intrastate
and interstate transportation and storage assets; crude oil, natural gas
liquids (NGL) and refined product transportation and terminalling
assets; NGL fractionation; and various acquisition and marketing assets.
ET, through its ownership of Energy Transfer Operating, L.P., formerly
known as Energy Transfer Partners, L.P., also owns Lake Charles LNG
Company, as well as the general partner interests, the incentive
distribution rights and 28.5 million common units of Sunoco LP (NYSE:
SUN), and the general partner interests and 39.7 million common units of
USA Compression Partners, LP (NYSE: USAC). For more information, visit
the Energy Transfer website at energytransfer.com.
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in the Partnership’s Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnership undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.
This release serves as qualified notice to nominees as provided for
under Treasury Regulation section 1.1446-4(b)(4) and (d). Please note
that 100 percent of Energy Transfer L.P.’s distributions to foreign
investors are attributable to income that is effectively connected with
a United States trade or business. Accordingly, all of Energy Transfer
L.P.’s distributions to foreign investors are subject to federal tax
withholding at the highest applicable effective tax rate. Nominees, and
not Energy Transfer L.P., are treated as withholding agents responsible
for withholding distributions received by them on behalf of foreign
The information contained in this press release is available on our
website at energytransfer.com.
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Source: Energy Transfer LP
Energy Transfer LP
Bill Baerg, Lyndsay
Hannah, Brent Ratliff, 214-981-0795