Energy Transfer Partners, L.P. ( NYSE: ETP) today announced that its Board of Directors has approved a $0.02 increase in its quarterly distribution to $0.955 per ETP common unit ($3.82 annualized) for the quarter ended June 30, 2014. The quarterly distribution of $0.955 represents a distribution increase of $0.245 per common unit on an annualized basis, or 6.9%, compared to the second quarter of 2013 and represents an annualized distribution increase of $0.08 per common unit compared to the first quarter of 2014. This marks the fourth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on August 14, 2014 to unitholders of record as of the close of business on August 4, 2014. ETP expects to release earnings for the second quarter of 2014 on Wednesday, August 6, 2014, after the market closes. ETP and Energy Transfer Equity (NYSE: ETE), which owns the general partner of ETP, will conduct a joint conference call on Thursday, August 7, 2014 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. The following information applies to ETP’s quarterly distribution announcement:
|Record Date:||August 4, 2014|
|Ex-Date:||July 31, 2014|
|Payment Date:||August 14, 2014|
|Amount Paid:||$0.955 per common unit|
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 and 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 Partners, L.P.’s and 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 web site at www.energytransfer.com.