Summary
This Form 8-K filing by Energy Transfer Equity, L.P. (ET) from July 2010 primarily serves to disclose the approval and upcoming payment of a quarterly cash distribution. The Board of Directors has authorized a distribution of $0.54 per common unit for the quarter ended June 30, 2010, which annualizes to $2.16 per unit. This distribution underscores the company's commitment to returning capital to its unitholders and provides a concrete financial return for investors in the period. While the filing itself does not contain extensive operational or financial details beyond the distribution, it signals continued operational stability and a focus on shareholder value. Investors should note the payment date and record date for this distribution to ensure they are eligible to receive it. The press release, incorporated by reference, likely contains further context, but the core announcement is the approved cash distribution.
Key Highlights
- 1Energy Transfer Equity, L.P. announced Board approval for a quarterly cash distribution.
- 2The approved distribution amount is $0.54 per common unit.
- 3This quarterly distribution annualizes to $2.16 per common unit.
- 4The distribution is for the quarter ended June 30, 2010.
- 5The distribution payment date is scheduled for August 19, 2010.
- 6The record date for unitholders eligible to receive the distribution is August 9, 2010.
- 7The information was disseminated via a press release dated July 28, 2010, furnished as an exhibit.