Energy Transfer Partners, L.P. ( NYSE:ETP ) and Energy Transfer Equity, L.P. ( NYSE:ETE ) today announced that the Board of Directors of each partnership has approved quarterly distributions for the quarter ended March 31, 2012.
ETP’s Board of Directors has approved a quarterly distribution of $0.89375 per unit ($3.575 annualized) on ETP common units for the quarter ended March 31, 2012. The cash distribution for the quarter ended March 31, 2012 will be paid on May 15, 2012 to Unitholders of record as of the close of business on May 4, 2012.
ETE’s Board of Directors has approved a quarterly distribution of $0.625 per unit ($2.50 annualized) on ETE’s outstanding common units for the quarter ended March 31, 2012. The distribution will be paid on May 18, 2012 to Unitholders of record as of the close of business on May 4, 2012.
Both partnerships expect to release earnings for the quarter ended March 31, 2012 on Tuesday, May 8, 2012, after the market closes. ETP and ETE will conduct a joint conference call on Wednesday, May 9th at 8:30 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.Company: Energy Transfer Partners, L.P. ( NYSE:ETP ) Record Date: May 4, 2012 Ex Date: May 2, 2012 Payment Date: May 15, 2012 Amount Paid: $0.89375 per Common Unit Company: Energy Transfer Equity, L.P. ( NYSE:ETE ) Record Date: May 4, 2012 Ex Date: May 2, 2012 Payment Date: May 18, 2012 Amount Paid: $0.625 per Common Unit Energy Transfer Partners, L.P. ( NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Alabama, Arizona, Arkansas, Colorado, Florida, Louisiana, Mississippi, New Mexico, Utah and West Virginia and owns the largest intrastate pipeline system in Texas. ETP currently has natural gas operations that include approximately 23,500 miles of gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP also holds a 70 percent interest in Lone Star NGL, a joint venture that owns and operates NGL storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. ETP’s general partner is owned by ETE. For more information, visit the Energy Transfer Partners, L.P. website at www.energytransfer.com. Energy Transfer Equity, L.P. ( NYSE:ETE) is a publicly traded partnership, which owns the general partner and 100 percent of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP) and approximately 52.4 million ETP limited partner units; and owns the general partner and 100 percent of the IDRs of Regency Energy Partners LP (NYSE:RGP) and approximately 26.3 million RGP limited partner units. ETE is also the parent of Southern Union Company. The ETE family of companies owns approximately 45,000 miles of natural gas and natural gas liquids pipelines. For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com. Regency Energy Partners LP ( NYSE:RGP) is a growth-oriented, midstream energy partnership engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids. RGP also holds a 30% interest in Lone Star NGL LLC, a joint venture that owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana and Mississippi. Regency’s general partner is owned by Energy Transfer Equity, L.P. (NYSE:ETE). For more information, visit the Regency Energy Partners LP website at www.regencyenergy.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 Partnerships’ Annual Reports on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnerships undertake no obligation to update or revise any forward-looking statement to reflect new information or events.
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