Partnership’s Quarterly Distributable Cash Flow Continued to Increase
as Large Organic Growth Projects Placed In Service
Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Oct. 26, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced
a $0.015 increase in its quarterly cash distribution to $0.565 per ETP
common unit ($2.26 on an annualized basis) for the third quarter ended
September 30, 2017. This quarterly distribution will be paid on November
14, 2017 to unitholders of record as of the close of business on
November 7, 2017.
ETP’s quarterly distributable cash flow (DCF) continued to increase as
large organic growth projects have recently been placed in service. The
Bakken Pipeline was placed in service on June 1, 2017 and Phase 1A of
the Rover Pipeline was placed in service on August 31, 2017.
ETP plans to release earnings for the third quarter of 2017 on Tuesday,
November 7, 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 Wednesday, November 8, 2017 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 through energytransfer.com.
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: November 7, 2017
Ex-Date: November 3,
Payment Date: November 14, 2017
$0.565 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 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 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 energytransfer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171026006587/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Lyndsay Hannah, 214-981-0795