Distribution per Unit up More Than 8% Compared to Same Period Last
Year
Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Jul. 23, 2015--
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, 2015
Ex-Date: August 4, 2015
Payment
Date: August 14, 2015
Amount 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150723006539/en/
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Lyndsay Hannah, 214-840-5477
or
Media
Relations:
Granado Communications Group
Vicki Granado,
214-599-8785
214-498-9272 (cell)