Energy Transfer Partners Announces Quarterly Cash Distribution
July 27 2017 - 4:40PM
Business Wire
Earnings Release and Earnings Call Dates
Also Announced
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced a $0.015 increase in its quarterly cash distribution to
$0.55 per ETP common unit ($2.20 on an annualized basis) for the
second quarter ended June 30, 2017. This quarterly distribution
will be paid on August 14, 2017 to unitholders of record as of the
close of business on August 7, 2017.
ETP plans to release earnings for the second quarter of 2017 on
Tuesday, August 8, 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, August
9, 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 announcement:
Record Date: August 7, 2017Ex-Date: August 3,
2017Payment Date: August 14, 2017Amount Paid: $0.55
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.
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 energytransfer.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170727006580/en/
Energy Transfer Partners, L.P.Investor Relations:Helen Ryoo,
214-981-0795orLyndsay Hannah, 214-981-0795orBrent Ratliff,
214-981-0795orMedia Relations:Vicki Granado, 214-840-5820
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