Energy Transfer Partners Announces Quarterly Cash Distribution
April 26 2016 - 5:04PM
Business Wire
Earnings Release and Earnings Call Dates
Also Announced
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced a quarterly distribution of $1.055 per ETP common unit
($4.22 annualized) for the quarter ended March 31, 2016.
The quarterly distribution of $1.055 represents a distribution
increase of $0.16 per common unit on an annualized basis, or 3.9%,
compared to the first quarter of 2015 and is the same distribution
as the distribution for the fourth quarter of 2015. The cash
distribution will be paid on May 16, 2016 to unitholders of record
as of the close of business on May 6, 2016.
ETP expects to release earnings for the first quarter of 2016 on
Wednesday, May 4, 2016, 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 5,
2016 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 6, 2016Ex-Date: May 4,
2016Payment Date: May 16, 2016Amount Paid: $1.055 per
common unit
Energy Transfer Partners, L.P. (NYSE: ETP) is a
master limited partnership that owns and operates 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 62,500 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 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’s general partner is owned by Energy
Transfer Equity, L.P. 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 that owns the general partner and 100%
of the incentive distribution rights of Energy Transfer Partners,
L.P. and Sunoco LP. ETE also owns approximately 2.6 million ETP
Common Units and approximately 81.0 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). 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 Energy Transfer Equity, L.P.’s 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160426006908/en/
Investor Relations:Energy TransferLyndsay Hannah,
214-981-0795orBrent Ratliff, 214-981-0795orMedia
Relations:Granado Communications GroupVicki Granado,
214-599-8785Cell: 214-498-9272
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