Earnings Release and Earnings Call Dates Also Announced
Distribution is First for Combined Partnerships Following Merger with
DALLAS--(BUSINESS WIRE)--Apr. 28, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced
a quarterly cash distribution for the first quarter ended March 31, 2017
of $0.535 per common unit ($2.14 on an annualized basis). This cash
distribution will be paid on May 15, 2017 to unitholders of record as of
the close of business on May 10, 2017.
Earlier today, ETP completed its merger with a subsidiary of Sunoco
Logistics Partners L.P. (“SXL”), with ETP continuing as the surviving
entity and becoming a wholly owned subsidiary of SXL. At the same time,
SXL changed its name to Energy Transfer Partners, L.P. Upon closing of
the merger, all ETP unitholders received, for each ETP common unit held,
1.50 common units of SXL. On May 1, 2017, SXL common units will begin
trading on the New York Stock Exchange under the ticker symbol “ETP.”
Today’s distribution announcement is the first for the combined
partnerships following the merger.
ETP expects to release earnings for the first quarter of 2017 on
Wednesday, May 3, 2017, after the market closes. ETP and Energy Transfer
Equity, L.P. (NYSE: ETE), which owns the general partner of ETP, will
conduct a joint conference call on Thursday, May 4, 2017 at 8:00 a.m.
Central Time to discuss their quarterly results. The conference call
will be broadcast live via an internet webcast, which can be accessed
The call will also be available for replay on Energy Transfer’s website
for a limited time.
The following information applies to ETP’s quarterly distribution
Record Date: May 10, 2017
Ex-Date: May 8, 2017
Date: May 15, 2017
Amount Paid: $0.535 per common unit
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of 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. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE’s family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at www.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 Partners, 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 Partners, L.P.’s distributions to foreign investors are
subject to federal tax withholding at the highest applicable effective
tax rate. Nominees 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 www.energytransfer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170428005987/en/
Source: Energy Transfer Partners, L.P.
Helen Ryoo, 214-981-0795
Brent Ratliff, 214-981-0795
Vicki Granado, 214-981-0761