Regency Energy Partners Announces Cash Distribution of $0.5025 Per Outstanding Common Unit
27 January 2015 - 1:15AM
Business Wire
Regency Energy Partners LP (NYSE: RGP), (“Regency” or the
“Partnership”), announced today a cash distribution of $0.5025 per
outstanding common unit for the fourth quarter ended December 31,
2014. The fourth quarter distribution is equivalent to $2.01 per
outstanding common unit on an annual basis.
The distribution will be paid on February 13, 2015, to
unitholders of record at the close of business on February 6,
2015.
Under the terms of the Series A Preferred Units, a quarterly
cash distribution of $0.445 per unit for the fourth quarter ended
December 31, 2014, will be paid on the same schedule as set forth
above.
Regency expects to release its fourth quarter 2014 earnings
results Wednesday, February 18, 2015, after the market closes, and
will hold a conference call Thursday, February 19, 2015, at 10 a.m.
Central Time (11 a.m. Eastern Time) to discuss these results.
The dial-in number for the call is 1-866-700-0133 in the United
States, or +1-617-213-8831 outside the United States, passcode
74671930. A live webcast of the call may be accessed on the
Investor Relations page of Regency’s website at
www.regencyenergy.com. The call will be available for replay for
seven days by dialing 1-888-286-8010 (from outside the U.S.,
+1-617-801-6888) passcode 78485780. A replay of the broadcast will
also be available on the Partnership’s website for 30 days.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Please note that 100 percent of
Regency’s distributions to foreign investors are attributable to
income that is effectively connected with a United States trade or
business. Accordingly, Regency’s distributions to foreign investors
are subject to federal income tax withholding at a rate of 35
percent.
This release includes “forward-looking” statements.
Forward-looking statements are identified as any statement that
does not relate strictly to historical or current facts. Statements
using words such as “anticipate,” “believe,” “intend,” “project,”
“plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may”
or similar expressions help identify forward-looking statements.
Although we believe our forward-looking statements are based on
reasonable assumptions and current expectations and projections
about future events, we cannot give any assurance that such
expectations will prove to be correct. Forward-looking statements
are subject to a variety of risks, uncertainties and assumptions.
Additional risks include: volatility in the price of oil, natural
gas, and natural gas liquids, declines in the credit markets and
the availability of credit for the Partnership as well as for
producers connected to the Partnership’s system and its customers,
the level of creditworthiness of, and performance by, the
Partnership’s counterparties and customers, the Partnership's
ability to access capital to fund organic growth projects and
acquisitions, the Partnership’s ability to obtain debt and equity
financing on satisfactory terms, the Partnership's use of
derivative financial instruments to hedge commodity and interest
rate risks, the amount of collateral required to be posted from
time-to-time in the Partnership's transactions, changes in
commodity prices, interest rates, and demand for the Partnership's
services, changes in laws and regulations impacting the midstream
sector of the natural gas industry, weather and other natural
phenomena, industry changes including the impact of consolidations
and changes in competition, the Partnership's ability to obtain
required approvals for construction or modernization of the
Partnership's facilities and the timing of production from such
facilities, and the effect of accounting pronouncements issued
periodically by accounting standard setting boards. Therefore,
actual results and outcomes may differ materially from those
expressed in such forward-looking statements.
These and other risks and uncertainties are discussed in more
detail in filings made by the Partnership with the Securities and
Exchange Commission, which are available to the public. The
Partnership undertakes no obligation to update publicly or to
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Regency Energy Partners LP (NYSE:RGP) is a growth-oriented,
master limited partnership engaged in the gathering and processing,
compression, treating and transportation of natural gas; the
transportation, fractionation and storage of natural gas liquids;
the gathering, transportation and terminaling of oil (crude and/or
condensate) received from producers; and the management of coal and
natural resource properties in the United States. Regency’s general
partner is owned by Energy Transfer Equity, L.P. (NYSE:ETE). For
more information, please visit Regency’s website at
www.regencyenergy.com.
Investor Relations:Regency Energy PartnersLyndsay Hannah,
214-840-5477Director, Finance & Investor
Relationsir@regencygas.comorMedia Relations:Granado Communications
GroupVicki Granado, 214-599-8785vicki@granadopr.com