Energy Transfer Partners Announces Quarterly Cash Distribution
April 28 2017 - 4:15PM
Business Wire
Earnings Release and Earnings Call Dates
Also Announced
Distribution is First for Combined
Partnerships Following Merger with Sunoco Logistics
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 through www.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 announcement:
Record Date: May 10, 2017Ex-Date: May 8,
2017Payment Date: May 15, 2017Amount 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.
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 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 investors.
The information contained in this press release is available on
our website at www.energytransfer.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170428005987/en/
Investor Relations:Energy TransferHelen Ryoo,
214-981-0795orLyndsay Hannah, 214-981-0795orBrent Ratliff,
214-981-0795orMedia Relations:Vicki Granado, 214-981-0761
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