Energy Transfer Announces Quarterly Cash Distribution and Earnings Release and Earnings Call Dates
01 April 2020 - 7:15AM
Business Wire
Energy Transfer LP (NYSE: ET) today announced a quarterly
cash distribution of $0.305 per ET common unit ($1.22 on an
annualized basis) for the first quarter ended March 31, 2020. This
cash distribution is supported by the company’s underlying
long-term stable cash flows. Energy Transfer benefits from a
fully-integrated business with a diverse mix of earnings, generated
by providing midstream services from the well-head to the market.
The announced quarterly distribution is consistent with the
distribution for the fourth quarter of 2019 and will be paid on May
19, 2020 to unitholders of record as of the close of business on
May 7, 2020.
First Quarter Earnings Release and Conference Call
Energy Transfer plans to release earnings for the first quarter
of 2020 on Monday, May 11, 2020, after the market closes. The
company will conduct a conference call on Monday, May 11, 2020 at
4:00 p.m. Central Time/5:00 p.m. Eastern Time to discuss quarterly
results and provide a company update. The conference call will be
broadcast live via an internet webcast, which can be accessed on
Energy Transfer’s website at energytransfer.com. The call will also
be available for replay on Energy Transfer’s website for a limited
time.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major
domestic production basins. ET is a publicly traded limited
partnership with core operations that include 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. ET, through its ownership
of Energy Transfer Operating, L.P., also owns Lake Charles LNG
Company, as well as the general partner interests, the incentive
distribution rights and 28.5 million common units of Sunoco LP
(NYSE: SUN), and the general partner interests and 46.1 million
common units of USA Compression Partners, LP (NYSE: USAC). For more
information, visit the Energy Transfer website at
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 LP’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 LP’s distributions to foreign investors are
subject to federal tax withholding at the highest applicable
effective tax rate. Nominees, and not Energy Transfer LP, 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 website at energytransfer.com.
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