Energy Transfer Announces Quarterly Cash Distribution
January 27 2020 - 5:00PM
Business Wire
Energy Transfer LP (NYSE: ET) today announced a quarterly
cash distribution of $0.305 per ET common unit ($1.22 on an
annualized basis) for the fourth quarter ended December 31, 2019.
This cash distribution is supported by the company’s underlying
long-term stable cash flows. Energy Transfer benefits from a
fully-integrated business with a diverse mix of earnings, generated
by providing midstream services from the well-head to the market.
The announced quarterly distribution is consistent with the
distribution for the third quarter of 2019 and will be paid on
February 19, 2020 to unitholders of record as of the close of
business on February 7, 2020.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major
domestic production basins. ET is a publicly traded limited
partnership with core operations that include 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. ET, through its ownership
of Energy Transfer Operating, L.P., formerly known as Energy
Transfer Partners, L.P., also owns Lake Charles LNG Company, as
well as the general partner interests, the incentive distribution
rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and
the general partner interests and 46.1 million common units of USA
Compression Partners, LP (NYSE: USAC). For more information, visit
the Energy Transfer 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 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 L.P.’s distributions to foreign
investors are subject to federal tax withholding at the highest
applicable effective tax rate. Nominees, and not Energy Transfer
L.P., 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.
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