Energy Transfer Partners Announces Sixth Consecutive Quarterly Cash Distribution Increase
January 26 2015 - 9:15AM
Business Wire
Distribution per Unit up More Than 8%
Compared to Same Period Last Year
Earnings Release and Earnings Call Dates
Also Announced
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced that its Board of Directors has approved a $0.02 increase
in its quarterly distribution to $0.995 per ETP common unit ($3.98
annualized) for the quarter ended December 31, 2014.
The quarterly distribution of $0.995 represents a distribution
increase of $0.30 per common unit on an annualized basis, or 8.2%,
compared to the fourth quarter of 2013 and represents an annualized
distribution increase of $0.08 per common unit compared to the
third quarter of 2014. This marks the sixth consecutive quarter
that ETP has raised its distribution. The cash distribution will be
paid on February 13, 2015 to unitholders of record as of the close
of business on February 6, 2015.
ETP expects to release earnings for the fourth quarter of 2014
on Wednesday, February 18, 2015, 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,
February 19, 2015 at 8:00 a.m. Central Time to discuss their
quarterly results. The conference call will be broadcast live via
an internet web cast, which can be accessed through
www.energytransfer.com. The call will also be available for replay
on Energy Transfer’s web site for a limited time.
The following information applies to ETP’s quarterly
distribution announcement:
Record Date: February 6, 2015Ex-Date: February 4,
2015Payment Date: February 13, 2015Amount Paid:
$0.995 per common unit
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership owning and operating one of the largest and
most diversified portfolios of energy assets in the United States.
ETP currently owns and operates approximately 35,000 miles of
natural gas and natural gas liquids pipelines. ETP also owns 100%
of Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and a 70% interest in Lone Star NGL LLC, a
joint venture that owns and operates natural gas liquids storage,
fractionation and transportation assets. ETP also owns the general
partner, 100% of the incentive distribution rights, and
approximately 67.1 million common units in Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of crude oil and refined products pipelines, terminalling
and crude oil acquisition and marketing assets. ETP owns 100% of
Sunoco, Inc. and 100% of Susser Holdings Corporation. Additionally
ETP owns the general partner, 100% of the incentive distribution
rights and approximately 43% of the limited partnership interests
in Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE: SUN), a
wholesale fuel distributor and convenience store operator. ETP’s
general partner is owned by ETE. For more information, visit the
Energy Transfer Partners, L.P. web site at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a
master limited partnership which owns the general partner and 100%
of the incentive distribution rights (IDRs) of Energy Transfer
Partners, L.P. (NYSE: ETP), approximately 30.8 million ETP common
units, and approximately 50.2 million ETP Class H Units, which
track 50% of the underlying economics of the general partner
interest and IDRs of Sunoco Logistics Partners L.P. (NYSE: SXL).
ETE also owns the general partner and 100% of the IDRs of Regency
Energy Partners LP (NYSE: RGP) and approximately 57.2 million RGP
common units. On a consolidated basis, ETE’s family of companies
own and operate approximately 71,000 miles of natural gas, natural
gas liquids, refined products, and crude oil pipelines. For more
information, visit the Energy Transfer Equity, L.P. web site 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 web site at www.energytransfer.com.
Investor Relations:Energy TransferBrent Ratliff,
214-981-0700orMedia Relations:Granado Communications
GroupVicki Granado, 214-599-8785Cell: 214-498-9272
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