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
March 31, 2013.
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 March 31, 2013. The cash distribution will be paid on May
15, 2013 to unitholders of record as of the close of business on May 6,
2013.
ETE’s Board of Directors has approved a quarterly distribution of $0.645
per unit ($2.58 annualized) on ETE common units for the quarter ended
March 31, 2013. The quarterly distribution of $0.645 represents an
increase of $0.04 per common unit on an annualized basis. The cash
distribution will be paid on May 17, 2013 to unitholders of record as of
the close of business on May 6, 2013.
Both partnerships expect to release earnings for the quarter ended March
31, 2013 on Wednesday, May 8, 2013, after the market closes. ETP and ETE
will conduct a joint conference call on Thursday, May 9, 2013 at 8:30
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.
Company: Energy Transfer Partners, L.P. (NYSE:
ETP)
Record Date: May 6, 2013
Ex-Date:
May 2, 2013
Payment Date: May 15, 2013
Amount
Paid: $0.89375 per Common Unit
Company: Energy Transfer Equity, L.P. (NYSE:
ETE)
Record Date: May 6, 2013
Ex-Date:
May 2, 2013
Payment Date: May 17, 2013
Amount
Paid: $0.645 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 approximately 33.5
million limited partner 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 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. 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 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 more than 70,000 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 web site 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 crude oil and refined product pipeline, terminalling, and
acquisition and marketing assets. SXL’s general partner is owned by
Energy Transfer Partners, L.P. (NYSE: ETP). 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 web
site at www.energytransfer.com.
