Energy Transfer Partners increases cash distribution for Q3 2014
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Pipelines,
Energy Transfer Partners’ (ETP) Board of Directors has approved a US$ 0.02 increase in its quarterly distribution to US$ 0.975 per ETP common unit (US$ 3.90 annualised) for the quarter ended 30 September 2014.
The quarterly distribution of US$ 0.975 represents a distribution increase of US$ 0.28 per common unit on an annualised basis, or 7.7%, compared to Q3 2013 and represents an annualised distribution increase of US$ 0.08 per common unit compared to Q2 2014. This marks the fifth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on 14 November 2014 to unitholders of record as of the close of business on 3 November 2014.
ETP expects to release earnings for Q3 2014 on 5 November 2014. ETP and Energy Transfer Equity (ETE), which owns the general partner of ETP, will conduct a joint conference call on 6 November 2014 to discuss their quarterly results.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldpipelines.com/business-news/22102014/energy-transfer-partners-increases-cash-distribution-for-q3-2014-942/
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