Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units
January 19 2023 - 3:15PM
Business Wire
Energy Transfer LP (“ET”) today announced the quarterly
cash distribution of $0.4609375 per Series C Preferred Unit (NYSE:
ETprC), the quarterly cash distribution of $0.4765625 per Series D
Preferred Unit (NYSE: ETprD), and the quarterly cash distribution
of $0.4750000 per Series E Preferred Unit (NYSE: ETprE). These cash
distributions will be paid on February 15, 2023 to Series C, Series
D and Series E unitholders of record as of the close of business on
February 1, 2023.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major U.S.
production basins. Energy Transfer is a publicly traded limited
partnership with core operations that 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; and NGL fractionation.
Energy Transfer 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 interests and 46.1 million common units of USA Compression
Partners, LP (NYSE: USAC). For more information, visit the Energy
Transfer LP 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. In addition to the risks and
uncertainties previously disclosed, the Partnership has also been,
or may in the future be, impacted by new or heightened risks
related to the COVID-19 pandemic, and we cannot predict the length
and ultimate impact of those risks. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
Qualified Notice
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 one hundred percent (100%) of Energy Transfer LP’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 LP’s distributions to foreign
investors are subject to federal tax withholding at the highest
applicable effective tax rate. Nominees, and not Energy Transfer
LP, are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors. For
purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii),
brokers and nominees should treat one hundred percent (100%) of the
distributions as being in excess of cumulative net income for
purposes of determining the amount to withhold.
The information contained in this press release is available on
our website at www.energytransfer.com.
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