Energy Transfer Equity Announces Twelfth Consecutive Quarterly Cash Distribution Increase
October 26 2015 - 5:45AM
Business Wire
Distribution per Unit Up More Than 37%
Compared to Same Period Last Year
Earnings Release and Earnings Call Dates
Also Announced
Energy Transfer Equity, L.P. (NYSE: ETE) today announced
a $0.02 increase in its quarterly cash distribution to $0.285 per
ETE common unit for the third quarter ended September 30, 2015, or
$1.14 per unit on an annualized basis.
Adjusting for the unit split completed in July 2015, the
quarterly distribution of $0.285 per ETE common unit represents a
unit distribution increase of 37.3% compared to the third quarter
of 2014. This also represents an annualized distribution increase
of $0.08 per common unit, or 7.5%, compared to the second quarter
of 2015 and marks the twelfth consecutive quarter that ETE has
raised its distribution. The cash distribution will be paid on
November 19, 2015 to unitholders of record as of the close of
business on November 5, 2015.
ETE plans to release earnings for the third quarter of 2015 on
Wednesday, November 4, 2015, after the market closes. ETE and its
subsidiary, Energy Transfer Partners, L.P. (NYSE: ETP), will
conduct a joint conference call on Thursday, November 5, 2015 at
8:00 a.m. Central Time to discuss quarterly results. During the
scheduled time of the conference call, a live webcast will be
available on Energy Transfer’s website at www.energytransfer.com.
The call will also be available for replay on Energy Transfer’s
website for a limited time.
The following information applies to ETE’s quarterly
distribution announcement:
Record Date:
November 5, 2015
Ex-Date:
November 3, 2015
Payment Date:
November 19, 2015
Amount Paid:
$0.285 per common unit
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 Sunoco, LP (NYSE:SUN), approximately 2.6
million ETP common units, approximately 81.0 million ETP Class H
Units, which track 90% of the underlying economics of the general
partner interest and IDRs of Sunoco Logistics Partners L.P.
(NYSE:SXL), and 100 ETP Class I Units. On a consolidated basis,
ETE’s family of companies owns and operates 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. 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. 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 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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151026005420/en/
Investor Relations:Energy TransferBrent Ratliff,
214-981-0700orLyndsay Hannah, 214-840-5477orMedia Relations:Granado
Communications GroupVicki Granado,
214-599-8785Cell: 214-498-9272
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