Energy Transfer Operating, L.P. Announces Cash Distributions on Series C, D and E Preferred Units
Energy Transfer Operating, L.P. has announced quarterly cash distributions for its preferred units: $0.4609375 for Series C, $0.4765625 for Series D, and $0.4750000 for Series E. These distributions will be paid on November 16, 2020, to unitholders of record as of November 2, 2020. The company operates a diverse portfolio of energy assets across the United States. It also owns interests in Lake Charles LNG Company, Sunoco LP, and USA Compression Partners, LP. The press release includes forward-looking statements and cautions about risks related to commodity prices and the COVID-19 pandemic.
- Quarterly cash distribution of $0.4609375 per Series C Preferred Unit.
- Quarterly cash distribution of $0.4765625 per Series D Preferred Unit.
- Quarterly cash distribution of $0.4750000 per Series E Preferred Unit.
- Diverse portfolio with significant investments in various energy assets.
- Potential risks from commodity price declines.
- Uncertainties related to the COVID-19 pandemic.
DALLAS--(BUSINESS WIRE)--Energy Transfer Operating, L.P. today announced the quarterly cash distribution of
About Energy Transfer
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. 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 interest and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). 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 Energy Transfer Operating, L.P.’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 the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks. Energy Transfer Operating, L.P. 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.
