Represents Partnership’s Fourth Consecutive Distribution Increase
Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Jul. 24, 2014--
Energy Transfer Partners, L.P. (NYSE:
ETP) today announced that its Board of Directors has approved a
$0.02 increase in its quarterly distribution to $0.955 per ETP common
unit ($3.82 annualized) for the quarter ended June 30, 2014.
The quarterly distribution of $0.955 represents a distribution increase
of $0.245 per common unit on an annualized basis, or 6.9%, compared to
the second quarter of 2013 and represents an annualized distribution
increase of $0.08 per common unit compared to the first quarter of 2014.
This marks the fourth consecutive quarter that ETP has raised its
distribution. The cash distribution will be paid on August 14, 2014 to
unitholders of record as of the close of business on August 4, 2014.
ETP expects to release earnings for the second quarter of 2014 on
Wednesday, August 6, 2014, after the market closes. ETP and Energy
Transfer Equity (NYSE: ETE), which owns the general partner of ETP, will
conduct a joint conference call on Thursday, August 7, 2014 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.
The following information applies to ETP’s quarterly distribution
announcement:
Record Date:
|
|
August 4, 2014
|
Ex-Date:
|
|
July 31, 2014
|
Payment Date:
|
|
August 14, 2014
|
Amount Paid:
|
|
$0.955 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 owns and
operates approximately 35,000 miles of natural gas and natural gas
liquids pipelines. ETP owns 100% of Panhandle Eastern Pipe Line Company,
LP (the successor of 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 common 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 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 which owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.
(NYSE: ETP), approximately 30.8 million ETP common units, and
approximately 50.2 million ETP Class H Units, which track 50% of the
underlying economics of the general partner interest and IDRs of Sunoco
Logistics Partners L.P. (NYSE: SXL). ETE also owns the general partner
and 100% of the IDRs of Regency Energy Partners LP (NYSE: RGP) and
approximately 57.2 million RGP common units. On a consolidated basis,
ETE’s family of companies own and operate approximately 71,000 miles of
natural gas, natural gas liquids, refined products, and crude oil
pipelines. For more information, visit the Energy Transfer Equity, L.P.
web site at www.energytransfer.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 Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)