Energy Transfer Partners, L.P. (NYSE:ETP)
and Energy Transfer Equity, L.P. (NYSE:ETE)
today announced that the Board of Directors of each Partnership has
approved quarterly distributions for the quarter ended December 31, 2012.
ETP’s Board of Directors has approved a quarterly distribution of
$0.89375 per unit ($3.575 annualized) on ETP common units for the
quarter ended December 31, 2012. The cash distribution will be paid on
February 14, 2013 to unitholders of record as of the close of business
on February 7, 2013.
ETE’s Board of Directors has approved a quarterly distribution of $0.635
per unit ($2.54 annualized) on ETE common units for the quarter ended
December 31, 2012. The quarterly distribution of $0.635 represents an
increase of $0.04 per common unit on an annualized basis. The cash
distribution will be paid on February 19, 2013 to unitholders of record
as of the close of business on February 7, 2013.
Both partnerships expect to release earnings for the quarter and year
ended December 31, 2012 on Wednesday, February 20, 2013, after the
market closes. ETP and ETE will conduct a joint conference call on
Thursday, February 21, 2013 at 8:30 a.m. Central Time to discuss their
quarterly and annual 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.
Company: Energy Transfer Partners, L.P. (NYSE:ETP)
Record
Date: February 7, 2013
Ex-Date: February 5, 2013
Payment
Date: February 14, 2013
Amount Paid: $0.89375 per Common
Unit
Company: Energy Transfer Equity, L.P. (NYSE:ETE)
Record
Date: February 7, 2013
Ex-Date: February 5, 2013
Payment
Date: February 19, 2013
Amount Paid: $0.635 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 has natural gas operations that include approximately
24,000 miles of gathering and transportation pipelines, treating and
processing assets, and storage facilities. ETP also owns general partner
interests, 100% of the incentive distribution rights, and a 32.4%
limited partnership interest 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 also holds a 70% interest in Lone
Star NGL, a joint venture that owns and operates natural gas liquids
storage, fractionation and transportation assets in Texas, Louisiana and
Mississippi. In addition, ETP holds controlling interest in a
corporation (ETP Holdco Corporation) that owns Southern Union Company
and Sunoco, Inc. ETP’s general partner is owned by 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) and approximately 50.2 million ETP limited partner
units; and owns the general partner and 100% of the IDRs of Regency
Energy Partners LP (NYSE:RGP) and approximately 26.3 million RGP limited
partner units. ETE also owns a non-controlling interest in a corporation
(ETP Holdco Corporation) that owns Southern Union Company and Sunoco,
Inc. The ETE family of companies owns approximately 69,000 miles of
natural gas, natural gas liquids, refined products, and crude pipelines.
For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com.
Regency Energy Partners LP (NYSE:RGP)
is a growth-oriented, midstream energy partnership engaged in the
gathering and processing, contract compression, treating and
transportation of natural gas and the transportation, fractionation and
storage of natural gas liquids. RGP also holds a 30% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation, and transportation assets in Texas, Louisiana
and Mississippi. Regency’s general partner is owned by Energy Transfer
Equity, L.P. (NYSE:ETE). For more information, visit the Regency Energy
Partners LP website at www.regencyenergy.com.
Sunoco Logistics Partners L.P. (NYSE:SXL), headquartered
in Philadelphia, is a master limited partnership that owns and operates
a logistics business consisting of a geographically diverse portfolio of
complementary pipeline, terminalling and crude oil acquisition and
marketing assets. The Crude Oil Pipelines segment consists of
approximately 5,400 miles of crude oil pipelines, located principally in
Oklahoma and Texas. The Crude Oil Acquisition and Marketing segment
consists of acquisition and marketing of crude oil and is principally
conducted in the midcontinent and consists of approximately 200 crude
oil transport trucks and approximately 120 crude oil truck unloading
facilities. The Terminal Facilities segment consists of approximately 42
million shell barrels of refined products and crude oil terminal
capacity (including approximately 22 million shell barrels of capacity
at the Nederland Terminal on the Gulf Coast of Texas and approximately 5
million shell barrels of capacity at the Eagle Point terminal on the
banks of the Delaware River in New Jersey). The Refined Products
Pipelines segment consists of approximately 2,500 miles of refined
products pipelines located in the northeast, midwest and southwest
United States, and equity interests in four refined products pipelines.
For more information, visit the Sunoco Logistics Partners, L.P. web site
at www.sunocologistics.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 Partnerships’ Annual Reports on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnerships undertake 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 and 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 Partners, L.P.’s and
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.
