July 25, 2016 - 4:05 PM EDT
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JP Energy Partners Announces Second Quarter 2016 Distribution and Timing of Financial Results and Conference Call

JP Energy Partners LP (“JP Energy” or “JPE”) (NYSE:JPEP) announced today that the Board of Directors of its general partner has declared a cash distribution for the second quarter of 2016 of $0.325 per unit. This distribution corresponds to the minimum quarterly distribution of $0.325 per unit, or $1.30 per unit on an annualized basis. The distribution will be paid on August 12, 2016 to all unitholders of record on August 5, 2016.

JP Energy will release its second quarter 2016 results on Monday, August 8, 2016 after the close of the New York Stock Exchange. This release will be followed by a conference call for investors at 9:00 a.m. Eastern Time on Tuesday, August 9, 2016, to discuss JP Energy’s second quarter 2016 results. Hosting the call will be J. Patrick Barley, President and Chief Executive Officer, and Patrick Welch, Chief Financial Officer.

The call can be accessed live over the telephone by dialing (877) 407-0784, or for international callers, (201) 689-8560. A replay will be available shortly after the call and can be accessed by dialing (877) 870-5176, or for international callers (858) 384-5517. The passcode for the replay is 13642197. The replay will be available until August 23, 2016.

Interested parties may also listen to a simultaneous webcast of the conference call by logging onto JP Energy’s website at www.jpenergypartners.com in the Investors section. A replay of the webcast will also be available for approximately 30 days following the call.

Tax Notice

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% of JPE's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of JPE's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not JPE, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About JP Energy Partners LP

JP Energy Partners LP (JPEP) is a publicly traded, growth-oriented limited partnership that owns, operates, develops and acquires a diversified portfolio of midstream energy assets. Our operations currently consist of: (i) crude oil pipelines and storage; (ii) refined products terminals and storage; and (iii) NGL distribution and sales, which together provide midstream infrastructure solutions for the growing supply of crude oil, refined products and NGLs in the United States. To learn more, please visit our website at www.jpenergypartners.com.

Forward-looking statements

This press release includes forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as "possible," "if," "will" and "expect" and involve risks and uncertainties including, among others, that JPE's business plans may change as circumstances warrant. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in each of JPE’s documents and reports filed with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made and JPE undertakes no obligation and does not intend to correct or update these forward-looking statements to reflect events or circumstances occurring after this press release except as required by law. You are cautioned not to place undue reliance on these forward-looking statements.

JP Energy Partners LP
Investor Relations, 866-912-3714
[email protected]


Source: Business Wire (July 25, 2016 - 4:05 PM EDT)

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