Summary
Energy Transfer LP (ET) filed an 8-K on October 27, 2020, to disclose its third quarter 2020 cash distribution. The partnership announced a quarterly cash distribution of $0.1525 per common unit, which annualizes to $0.61 per unit. This distribution, for the quarter ended September 30, 2020, is scheduled to be paid on November 19, 2020, to unitholders of record as of November 6, 2020. This filing, primarily through a press release furnished as an exhibit, provides important information for income-focused investors regarding the expected return on their investment. While the report does not contain new operational or strategic updates, the declaration of a consistent quarterly distribution signals ongoing cash flow generation and commitment to returning capital to unitholders.
Key Highlights
- 1Announcement of third quarter 2020 cash distribution of $0.1525 per common unit.
- 2Annualized cash distribution rate confirmed at $0.61 per common unit.
- 3Distribution payment date set for November 19, 2020.
- 4Record date for distribution established as November 6, 2020.
- 5The information was disclosed via a press release furnished as Exhibit 99.1.
- 6The filing clarifies that the furnished information is not deemed 'filed' for Section 18 purposes under the Exchange Act.