DALLAS--(BUSINESS WIRE)--Oct. 22, 2018--
Energy Transfer Operating, L.P. (formerly Energy
Transfer Partners, L.P.) today announced the quarterly cash distribution
of $0.4609 per Series C Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Units (liquidation preference $25 per Series C unit)
(NYSE: ETPprC), and $0.5931 per Series D Fixed-to-Floating Rate
Cumulative Redeemable Perpetual Preferred Units (liquidation preference
$25 per Series D unit) (NYSE: ETPprD), which amount is attributable to
the partial period from and including the date of original issue of the
Series D units. These cash distributions will be paid on November 15,
2018 to Series C and Series D unitholders of record as of the close of
business on November 1, 2018.
About Energy Transfer
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 39.7 million common units of
USA Compression Partners, LP (NYSE: USAC). For more information, visit
the Energy Transfer website at www.energytransfer.com.
Energy Transfer Operating, L.P. owns and operates one of the largest and
most diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, its
core operations 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.
Energy Transfer Operating, L.P.’s general partner is owned by Energy
Transfer LP (NYSE: ET). For more information, visit the Energy Transfer
website at www.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 Operating, 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 Operating, L.P.’s distributions to foreign investors are
subject to federal tax withholding at the highest applicable effective
tax rate. Nominees, and not Energy Transfer Operating, L.P., 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181022005945/en/
Source: Energy Transfer LP
Energy Transfer
Investor Relations:
Lyndsay Hannah, William
Baerg, Brent Ratliff, 214-981-0795
or
Media Relations:
Vicki
Granado, 214-840-5820