JP Energy Partners Announces Second Quarter 2016 Distribution and Timing of Financial Results and Conference Call
July 25 2016 - 4:05PM
Business Wire
JP Energy Partners LP (“JP Energy” or “JPE”) (NYSE:JPEP)
announced today that the Board of Directors of its general partner
has declared a cash distribution for the second quarter of 2016 of
$0.325 per unit. This distribution corresponds to the minimum
quarterly distribution of $0.325 per unit, or $1.30 per unit on an
annualized basis. The distribution will be paid on August 12, 2016
to all unitholders of record on August 5, 2016.
JP Energy will release its second quarter 2016 results on
Monday, August 8, 2016 after the close of the New York Stock
Exchange. This release will be followed by a conference call for
investors at 9:00 a.m. Eastern Time on Tuesday, August 9, 2016, to
discuss JP Energy’s second quarter 2016 results. Hosting the call
will be J. Patrick Barley, President and Chief Executive Officer,
and Patrick Welch, Chief Financial Officer.
The call can be accessed live over the telephone by dialing
(877) 407-0784, or for international callers, (201) 689-8560. A
replay will be available shortly after the call and can be accessed
by dialing (877) 870-5176, or for international callers (858)
384-5517. The passcode for the replay is 13642197. The replay will
be available until August 23, 2016.
Interested parties may also listen to a simultaneous webcast of
the conference call by logging onto JP Energy’s website
at www.jpenergypartners.com in the Investors section. A
replay of the webcast will also be available for approximately 30
days following the call.
Tax Notice
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% of JPE's distributions to foreign investors
are attributable to income that is effectively connected with a
United States trade or business. Accordingly, all of JPE's
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not JPE, are treated
as withholding agents responsible for withholding distributions
received by them on behalf of foreign investors.
About JP Energy Partners LP
JP Energy Partners LP (JPEP) is a publicly traded,
growth-oriented limited partnership that owns, operates, develops
and acquires a diversified portfolio of midstream energy assets.
Our operations currently consist of: (i) crude oil pipelines and
storage; (ii) refined products terminals and storage; and (iii) NGL
distribution and sales, which together provide midstream
infrastructure solutions for the growing supply of crude oil,
refined products and NGLs in the United States. To learn more,
please visit our website at www.jpenergypartners.com.
Forward-looking statements
This press release includes forward-looking statements within
the meaning of the federal securities laws. Statements that do not
relate strictly to historical or current facts are forward-looking.
These statements contain words such as "possible," "if," "will" and
"expect" and involve risks and uncertainties including, among
others, that JPE's business plans may change as circumstances
warrant. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements in each of JPE’s documents and reports filed with the
Securities and Exchange Commission. Any forward-looking statement
applies only as of the date on which such statement is made and JPE
undertakes no obligation and does not intend to correct or update
these forward-looking statements to reflect events or circumstances
occurring after this press release except as required by law. You
are cautioned not to place undue reliance on these forward-looking
statements.
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JP Energy Partners LPInvestor Relations,
866-912-3714investorrelations@jpep.com
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