CORRECTING and REPLACING Enterprise Declares 46th Consecutive Quarterly Distribution Increase
05 January 2016 - 1:40AM
Business Wire
First paragraph, third sentence of release should read: This
distribution, which represents a 5.4 percent increase over the
distribution declared with respect to the fourth quarter of 2014,
is the 55th distribution increase since Enterprise’s initial public
offering in 1998 and the 46th consecutive quarterly increase
(instead of fourth quarter of 2015).
The corrected release reads:
ENTERPRISE DECLARES 46TH CONSECUTIVE
QUARTERLY DISTRIBUTION INCREASE
Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”)
announced today that the board of directors of its general partner
declared an increase in the quarterly cash distribution paid to
partners to $0.39 per common unit, or $1.56 per unit on an
annualized basis. The quarterly distribution will be paid on
Friday, February 5, 2016, to unitholders of record as of the close
of business on Friday, January 29, 2016. This distribution, which
represents a 5.4 percent increase over the distribution declared
with respect to the fourth quarter of 2014, is the 55th
distribution increase since Enterprise’s initial public offering in
1998 and the 46th consecutive quarterly increase.
Enterprise will announce its earnings for the fourth quarter of
2015 on Thursday, January 28, 2016, before the New York Stock
Exchange opens for trading. Following the announcement, the
partnership will host a conference call at 9 a.m. CT with analysts
and investors to discuss earnings. The call will be webcast live on
the Internet and may be accessed through the “Investors” section of
the partnership’s website, www.enterpriseproducts.com.
To listen to the webcast, participants should access the
partnership’s website at least 15 minutes prior to the start of the
conference call to download and install any necessary audio
software. A replay of the webcast will be available for one week
following the conference call and may be accessed one hour after
completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil gathering,
transportation, storage and terminals; petrochemical and refined
products transportation, storage and terminals; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 49,000 miles of pipelines; 225 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of Enterprise’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, Enterprise’s distributions to non-U.S. investors are
subject to federal income tax withholding at the highest applicable
effective tax rate.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160104005296/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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