Distribution per Unit up More Than 8% Compared to Same Period Last
Year
Earnings Release and Earnings Call Dates Also Announced
DALLAS--(BUSINESS WIRE)--Apr. 28, 2015--
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, 2015
Ex-Date: May 6, 2015
Payment
Date: May 15, 2015
Amount 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.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)