Energy Transfer Partners Announces Seventh Consecutive Quarterly Cash Distribution Increase
April 28 2015 - 4:05PM
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 $1.015 per ETP common unit ($4.06
annualized) for the quarter ended March 31, 2015.
The quarterly distribution of $1.015 represents a distribution
increase of $0.32 per common unit on an annualized basis, or 8.6%,
compared to the first quarter of 2014 and represents an annualized
distribution increase of $0.08 per common unit compared to the
fourth quarter of 2014. This marks the seventh consecutive quarter
that ETP has raised its distribution. The cash distribution will be
paid on May 15, 2015 to unitholders of record as of the close of
business on May 8, 2015.
ETP expects to release earnings for the first quarter of 2015 on
Wednesday, May 6, 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, May 7,
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: May 8, 2015Ex-Date: May 6,
2015Payment Date: May 15, 2015Amount Paid: $1.015 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 35,500 miles
of natural gas and natural gas liquids pipelines. ETP 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 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 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) and approximately 82.6 million ETP
Class H Units, which track 90% of the underlying economics of the
general partner interest and the 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, 214-599-8785214-498-9272 (cell)
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