Energy Transfer Operating, L.P. Announces Cash Distributions on Series C, D and E Preferred Units
January 22 2020 - 3:15PM
Business Wire
Energy Transfer Operating, L.P. today announced the
quarterly cash distribution of $0.4609375 per Series C Preferred
Unit (NYSE: ETPprC), the quarterly cash distribution of $0.4765625
per Series D Preferred Unit (NYSE: ETPprD), and the quarterly cash
distribution of $0.4750000 per Series E Preferred Unit (NYSE:
ETPprE). These cash distributions will be paid on February 18, 2020
to Series C, Series D and Series E unitholders of record as of the
close of business on February 3, 2020.
About Energy Transfer
Energy Transfer Operating, L.P. 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, its core operations include 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. Energy Transfer
Operating, L.P. also owns Lake Charles LNG Company, as well as the
general partner interests, the incentive distribution rights and
28.5 million common units of Sunoco LP (NYSE: SUN), and the general
partner interest and 46.1 million common units of USA Compression
Partners, LP (NYSE: USAC). Energy Transfer Operating, L.P.’s
general partner is owned by Energy Transfer LP (NYSE: ET). For more
information, visit the Energy Transfer 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 Energy Transfer Operating, L.P.’s
Annual Report on Form 10-K and other documents filed from time to
time with the Securities and Exchange Commission. Energy Transfer
Operating, L.P. 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 Operating, 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 Operating, L.P.’s distributions
to foreign investors are subject to federal tax withholding at the
highest applicable effective tax rate. Nominees, and not Energy
Transfer Operating, L.P., 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 energytransfer.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200122005695/en/
Energy Transfer Investor Relations: Lyndsay Hannah, William
Baerg, Brent Ratliff, 214-981-0795 or Media Relations: Vicki
Granado, 214-840-5820
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