Energy Transfer Partners Announces Quarterly Cash Distribution
Earnings Release and Earnings Call Dates Also Announced
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) today announced
a quarterly cash distribution of $0.565 per ETP common unit ($2.26 on an
annualized basis) for the fourth quarter ended December 31, 2017. This
cash distribution is the same as the distribution for the third quarter
of 2017 and will be paid on February 14, 2018 to unitholders of record
as of the close of business on February 8, 2018.
The Partnership’s quarterly distributable cash flow (DCF) continued to
increase as its existing asset base provided solid DCF. The
Partnership’s decision to keep the quarterly cash distribution flat
reflects its commitment to deleveraging and prudently managing its
ETP plans to release earnings for the fourth quarter of 2017 on
Wednesday, February 21, 2018, 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, February 22, 2018
at 8:00 a.m. Central Time to discuss quarterly results. The conference
call will be broadcast live via an internet webcast, which can be
accessed through energytransfer.com.
The call will also be available for replay on Energy Transfer’s website
for a limited time.
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.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of 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. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at 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 (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE’s family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at energytransfer.com.
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
The information contained in this press release is available on our
website at energytransfer.com.
Energy Transfer Partners
Lyndsay Hannah, Brent Ratliff, 214-981-0795