Summary
Energy Transfer LP (ET) filed an 8-K on January 28, 2014, to disclose an increase in its quarterly cash distribution for the period ended December 31, 2013. The Board of Directors approved a distribution of $0.6925 per unit on a pre-split basis, which translates to $0.34625 per unit on a post-split basis for ETE common units. This distribution is set to be paid on February 19, 2014, to unitholders of record as of February 7, 2014. This announcement is primarily a Regulation FD disclosure, indicating a positive step for unitholders through a higher payout. Investors should note that this filing is focused on the distribution announcement and does not include new financial statements or significant operational updates beyond what is detailed in the press release referenced as Exhibit 99.1.
Key Highlights
- 1Approved a quarterly cash distribution of $0.6925 per unit (pre-split basis) for the quarter ended December 31, 2013.
- 2Announced a post-split distribution of $0.34625 per unit for ETE common units.
- 3Distribution payment date is scheduled for February 19, 2014.
- 4Record date for the distribution is February 7, 2014.
- 5The announcement was made via press release on January 28, 2014, and filed under Regulation FD.
- 6The information furnished in Exhibit 99.1 is deemed 'furnished,' not 'filed,' meaning it does not trigger Section 18 liability under the Exchange Act.