Earnings Release and Earnings Call Dates Also Announced
Energy Transfer Partners, L.P. (NYSE: ETP) today announced
a quarterly distribution of $1.055 per ETP common unit ($4.22
annualized) for the quarter ended March 31, 2016.
The quarterly distribution of $1.055 represents a distribution increase
of $0.16 per common unit on an annualized basis, or 3.9%, compared to
the first quarter of 2015 and is the same distribution as the
distribution for the fourth quarter of 2015. The cash distribution will
be paid on May 16, 2016 to unitholders of record as of the close of
business on May 6, 2016.
ETP expects to release earnings for the first quarter of 2016 on
Wednesday, May 4, 2016, after the market closes. ETP and Energy Transfer
Equity, L.P. (NYSE: ETE), which owns the general partner of ETP, will
conduct a joint conference call on Thursday, May 5, 2016 at 8:00 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.
The following information applies to ETP’s quarterly distribution
announcement:
Record Date: May 6, 2016
Ex-Date: May 4, 2016
Payment
Date: May 16, 2016
Amount Paid: $1.055 per common unit
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States. ETP’s
subsidiaries include Panhandle Eastern Pipe Line Company, LP (the
successor of Southern Union Company) and Lone Star NGL LLC, which owns
and operates natural gas liquids storage, fractionation and
transportation assets. In total, ETP currently owns and operates more
than 62,500 miles of natural gas and natural gas liquids pipelines. ETP
also owns the general partner, 100% of the incentive distribution
rights, and approximately 67.1 million common 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’s general partner is
owned by Energy Transfer Equity, L.P. 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 that owns the general partner and 100% of the
incentive distribution rights of Energy Transfer Partners, L.P. and
Sunoco LP. ETE also owns approximately 2.6 million ETP Common Units and
approximately 81.0 million ETP Class H Units, which track 90% of the
underlying economics of the general partner interest and the IDRs of
Sunoco Logistics Partners L.P. (NYSE: SXL). 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 Energy Transfer Equity,
L.P.’s web site 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 Partners, 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 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.
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