Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Apr. 28, 2017--
Energy Transfer Equity, L.P. (NYSE: ETE) today announced its
quarterly cash distribution for the first quarter ended March 31, 2017
of $0.285 per ETE common unit. This cash distribution is the same as the
distribution for the fourth quarter of 2016 and will be paid on May 19,
2017 to unitholders of record as of the close of business on May 10,
2017.
ETE plans to release earnings for the first quarter of 2017 on
Wednesday, May 3, 2017, after the market closes. ETE and its subsidiary,
Energy Transfer Partners, L.P. (NYSE: ETP), will conduct a joint
conference call on Thursday, May 4, 2017 at 8:00 a.m. Central Time to
discuss quarterly results. The conference call will be broadcast live
via an internet webcast, which can be accessed on Energy Transfer’s
website at www.energytransfer.com.
The call will also be available for replay on Energy Transfer’s website
for a limited time.
The following information applies to ETE’s quarterly distribution
announcement:
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Record Date:
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May 10, 2017
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Ex-Date:
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May 8, 2017
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Payment Date:
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May 19, 2017
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Amount Paid:
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$0.285 per common unit
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Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE’s family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at www.energytransfer.com.
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.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. 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.
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 Equity, 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 Equity, 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
website at www.energytransfer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170428005984/en/
Source: Energy Transfer Equity, L.P.
Energy Transfer
Investor Relations:
Helen Ryoo, 214-981-0795
or
Lyndsay
Hannah, 214-981-0795
or
Brent Ratliff, 214-981-0795
or
Media
Relations:
Vicki Granado, 214-981-0761