Energy Transfer Announces Quarterly Cash Distribution and Earnings Release and Earnings Call Dates

Rhea-AI Summary

Energy Transfer LP (NYSE: ET) has declared a quarterly cash distribution of $0.1525 per common unit ($0.61 annualized) for Q4 2020, consistent with Q3 distributions. The payout is set for February 19, 2021, for unitholders recorded by February 8, 2021. Additionally, ET will announce its Q4 and full-year 2020 earnings on February 17, 2021, post-market, followed by a conference call at 4:00 PM CT. The session will offer insights on quarterly performance and an outlook for 2021.

Positive

• Quarterly cash distribution of $0.1525 per unit aligns with previous quarter, indicating financial stability.
• Upcoming earnings release expected to provide clarity on performance and future outlook.

Negative

• None.

Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.1525 per ET common unit ($0.61 on an annualized basis) for the fourth quarter ended December 31, 2020. The announced quarterly distribution is consistent with the distribution for the third quarter of 2020 and will be paid on February 19, 2021 to unitholders of record as of the close of business on February 8, 2021.

Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

In addition, Energy Transfer plans to release earnings for the fourth quarter and full year 2020 on Wednesday, February 17, 2021, after the market closes. The company will conduct a conference call on Wednesday, February 17, 2021 at 4:00 p.m. Central Time/5:00 p.m. Eastern Time to discuss quarterly results and provide a company update including an outlook for 2021. 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. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210128005885/en/

FAQ

What is the quarterly distribution announced by Energy Transfer for Q4 2020?

Energy Transfer announced a quarterly distribution of $0.1525 per common unit for Q4 2020.

When will Energy Transfer announce its Q4 2020 earnings?

Energy Transfer plans to announce its Q4 2020 earnings on February 17, 2021, after market close.

What is the date for the Energy Transfer conference call regarding the Q4 2020 results?

The conference call will take place on February 17, 2021, at 4:00 PM Central Time.

What is the significance of the cash distribution announcement for ET stockholders?

The consistent cash distribution indicates financial stability and commitment to returning value to shareholders.

How does Energy Transfer’s cash distribution compare to previous quarters?

The cash distribution of $0.1525 per unit for Q4 2020 is the same as the distribution for Q3 2020.