Energy Transfer Partners Announces Eighth Consecutive Quarterly Cash Distribution Increase
July 23 2015 - 4:10PM
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 a $0.02 increase in its quarterly distribution to $1.035
per ETP common unit ($4.14 annualized) for the quarter ended June
30, 2015.
The quarterly distribution of $1.035 represents a distribution
increase of $0.32 per common unit on an annualized basis, or 8.4%,
compared to the second quarter of 2014 and represents an annualized
distribution increase of $0.08 per common unit compared to the
first quarter of 2015. This marks the eighth consecutive quarter
that ETP has raised its distribution. The cash distribution will be
paid on August 14, 2015 to unitholders of record as of the close of
business on August 6, 2015.
ETP expects to release earnings for the second quarter of 2015
on Wednesday, August 5, 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,
August 6, 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: August 6, 2015Ex-Date: August 4,
2015Payment Date: August 14, 2015Amount Paid: $1.035
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 more than 62,000 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 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 44% 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.
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 23.6 million ETP common units,
approximately 81.0 million ETP Class H Units, which track 90% of
the underlying economics of the general partner interest and IDRs
of Sunoco Logistics Partners L.P. (NYSE: SXL), and 100 ETP Class I
Units. On a consolidated basis, ETE’s family of companies owns and
operates 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. 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 web site at www.energytransfer.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150723006539/en/
Investor Relations:Energy TransferBrent Ratliff,
214-981-0700orLyndsay Hannah, 214-840-5477orMedia
Relations:Granado Communications GroupVicki Granado,
214-599-8785214-498-9272 (cell)
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