Energy Transfer Operating, L.P. Announces Quarterly Cash Distribution on Series C and Series D Preferred Units
October 22 2018 - 5:10PM
Business Wire
Energy Transfer Operating, L.P. (formerly
Energy Transfer Partners, L.P.) today announced the quarterly
cash distribution of $0.4609 per Series C
Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred
Units (liquidation preference $25 per Series C unit) (NYSE:
ETPprC), and $0.5931 per Series D Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Units (liquidation preference $25
per Series D unit) (NYSE: ETPprD), which amount is attributable to
the partial period from and including the date of original issue of
the Series D units. These cash distributions will be paid
on November 15, 2018 to Series C and Series D unitholders
of record as of the close of business on November 1, 2018.
About Energy Transfer
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., 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 39.7 million
common units of USA Compression Partners, LP (NYSE: USAC). For more
information, visit the Energy Transfer website at
www.energytransfer.com.
Energy Transfer Operating, L.P. 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, its core operations 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. Energy Transfer
Operating, L.P.’s general partner is owned by Energy Transfer LP
(NYSE: ET). For more information, visit the Energy Transfer 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 Operating,
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
Operating, 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 Operating, 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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version on businesswire.com: https://www.businesswire.com/news/home/20181022005945/en/
Energy TransferInvestor Relations:Lyndsay Hannah, William Baerg,
Brent Ratliff, 214-981-0795orMedia Relations:Vicki Granado,
214-840-5820
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