Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units
October 21 2021 - 4:10PM
Business Wire
Energy Transfer LP (“ET”) today announced the quarterly
cash distribution of $0.4609375 per Series C Preferred Unit (NYSE:
ETprC), the quarterly cash distribution of $0.4765625 per Series D
Preferred Unit (NYSE: ETprD), and the quarterly cash distribution
of $0.4750000 per Series E Preferred Unit (NYSE: ETprE). These cash
distributions will be paid on November 15, 2021 to Series C, Series
D and Series E unitholders of record as of the close of business on
November 1, 2021.
The Series C, Series D and Series E preferred units were
originally issued by Energy Transfer Operating, L.P. (“ETO”). On
April 1, 2021, ETO merged into ET with ET surviving the merger. At
the effective time of the merger, each issued and outstanding ETO
preferred unit was converted into the right to receive one newly
created ET preferred unit.
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 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. In addition to the risks and
uncertainties previously disclosed, the Partnership has also been,
or may in the future be, impacted by new or heightened risks
related to the COVID-19 pandemic, and we cannot predict the length
and ultimate impact of those risks. 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 LP’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 LP’s distributions to foreign investors are
subject to federal tax withholding at the highest applicable
effective tax rate. Nominees, and not Energy Transfer LP, 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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