Energy Transfer Partners Announces Ninth Consecutive Quarterly Cash Distribution Increase
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
a $0.02 increase in its quarterly distribution to $1.055 per ETP common
unit ($4.22 annualized) for the third quarter ended September 30, 2015.
The quarterly distribution of $1.055 represents a distribution increase
of $0.32 per common unit on an annualized basis, or 8.2%, compared to
the third quarter of 2014 and represents an annualized distribution
increase of $0.08 per common unit compared to the second quarter of
2015. This marks the ninth consecutive quarter that ETP has raised its
distribution. The cash distribution will be paid on November 16, 2015 to
unitholders of record as of the close of business on November 5, 2015.
ETP expects to release earnings for the third quarter of 2015 on
Wednesday, November 4, 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, November 5, 2015,
at 8:00 a.m. Central Time to discuss their quarterly results. The
conference call will be broadcast live via an internet webcast, which
can be accessed through www.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: November 5, 2015
Ex-Date: November 3,
2015
Payment Date: November 16, 2015
Amount Paid:
$1.055 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’s subsidiaries
include Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and Lone Star NGL LLC, which owns and operates
natural gas liquids storage, fractionation and transportation assets. In
total, ETP currently owns and operates approximately 62,500 miles of
natural gas and natural gas liquids pipelines. ETP also owns the general
partner, 100% of the incentive distribution rights, and approximately
67.1 million common units of 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. Additionally, ETP owns approximately 60% of the
limited partner 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 Energy Transfer
Equity, L.P. (NYSE: ETE). For more information, visit the Energy
Transfer Partners, L.P. 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 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 www.energytransfer.com.
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