Energy Transfer Equity Declares Distribution Increase
DALLAS--(BUSINESS WIRE)--Jul. 25, 2013--
Energy Transfer Partners, L.P. (NYSE:
ETP) and Energy Transfer Equity, L.P. (NYSE:
ETE) today announced that the Board of Directors of each
Partnership has approved quarterly distributions for the quarter ended
June 30, 2013.
ETP’s Board of Directors has approved a quarterly distribution of
$0.89375 per unit ($3.575 annualized) on ETP common units for the
quarter ended June 30, 2013. The cash distribution will be paid on
August 14, 2013 to unitholders of record as of the close of business on
August 5, 2013.
ETE’s Board of Directors has approved a quarterly distribution of $0.655
per unit ($2.62 annualized) on ETE common units for the quarter ended
June 30, 2013. The quarterly distribution of $0.655 represents an
increase of $0.04 per common unit on an annualized basis. This is the
third consecutive quarter that ETE has raised its distribution. The cash
distribution will be paid on August 19, 2013 to unitholders of record as
of the close of business on August 5, 2013.
Both partnerships expect to release earnings for the quarter ended June
30, 2013 on Wednesday, August 7, 2013, after the market closes. ETP and
ETE will conduct a joint conference call on Thursday, August 8, 2013 at
8:30 a.m. Central Time to discuss their quarterly results. The
conference call will be broadcast live via an internet web cast, which
can be accessed through www.energytransfer.com.
The call will also be available for replay on Energy Transfer’s web site
for a limited time.
Company: Energy Transfer Partners, L.P. (NYSE:
ETP)
Record Date: August 5, 2013
Ex-Date:
August 1, 2013
Payment Date: August 14, 2013
Amount
Paid: $0.89375 per Common Unit
Company: Energy Transfer Equity, L.P. (NYSE:
ETE)
Record Date: August 5, 2013
Ex-Date:
August 1, 2013
Payment Date: August 19, 2013
Amount
Paid: $0.655 per Common Unit
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership owning and operating one of the largest and most
diversified portfolios of energy assets in the United States. ETP
currently has natural gas operations that include approximately 47,000
miles of gathering and transportation pipelines, treating and processing
assets, and storage facilities. ETP owns 100% of ETP Holdco Corporation,
which owns Southern Union Company and Sunoco, Inc., and a 70% interest
in Lone Star NGL LLC, a joint venture that owns and operates natural gas
liquids storage, fractionation and transportation assets. ETP also owns
the general partner, 100% of the incentive distribution rights, and
approximately 33.5 million limited partner units in Sunoco Logistics
Partners L.P. (NYSE:SXL), which operates a geographically diverse
portfolio of crude oil and refined products pipelines, terminalling and
crude oil acquisition and marketing assets. ETP’s general partner is
owned by Energy Transfer Equity (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. web site 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 approximately 99.7 million ETP common units; and owns the
general partner and 100% of the IDRs of Regency Energy Partners LP
(NYSE:RGP) and approximately 26.3 million RGP limited partner units. The
ETE family of companies owns more than 71,000 miles of natural gas,
natural gas liquids, refined products, and crude pipelines. For more
information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com.
Regency Energy Partners LP (NYSE: RGP)
is a growth-oriented, midstream energy partnership engaged in the
gathering and processing, contract compression, treating and
transportation of natural gas and the transportation, fractionation and
storage of natural gas liquids. RGP also holds a 30% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation, and transportation assets in Texas, Louisiana
and Mississippi. Regency’s general partner is owned by Energy Transfer
Equity, L.P. (NYSE:ETE). For more information, visit the Regency Energy
Partners LP web site at www.regencyenergy.com.
Sunoco Logistics Partners L.P.(NYSE: SXL), headquartered
in Philadelphia, is a master limited partnership that owns and operates
a logistics business consisting of a geographically diverse portfolio of
complementary crude oil and refined product pipeline, terminalling, and
acquisition and marketing assets. SXL’s general partner is owned by
Energy Transfer Partners, L.P. (NYSE: ETP). For more information, visit
the Sunoco Logistics Partners, L.P. web site at www.sunocologistics.com.
Forward-Looking Statements
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 Partnerships’ Annual Reports on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnerships undertake 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 and Energy Transfer
Equity, 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 and
Energy Transfer Equity, 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
investors.
The information contained in this press release is available on our web
site at www.energytransfer.com.
Source: Energy Transfer
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)