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Energy Transfer Equity, L.P. Message Board

  • joebo246 joebo246 Apr 26, 2011 5:14 PM Flag

    Distribution increase !!

    wow from .54 to .56.. that's great....... hopefully more next quarter !!

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    • Re increase of ETE dist to.56 Please advise when and where seen ??

      • 1 Reply to nsupper1
      • from Yahoo news service at
        http://finance.yahoo.com/news/Energy-Transfer-Partners-bw-1905741888.html?x=0&.v=1

        DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE:ETP) and Energy Transfer Equity, L.P. (NYSE:ETE) today announced that the Board of Directors of each partnership has approved quarterly distributions for the quarter ended March 31, 2011.

        ETP’s Board of Directors has approved a quarterly distribution of $0.89375 per unit ($3.575 annualized) on ETP common units for the quarter ended March 31, 2011. The cash distribution for the quarter ended March 31, 2011 will be paid on May 16, 2011 to Unitholders of record as of the close of business on May 6, 2011.

        ETE’s Board of Directors has approved a quarterly distribution of $0.56 per unit ($2.24 annualized) on ETE’s outstanding common units for the quarter ended March 31, 2011. The quarterly distribution of $0.56 per unit represents an increase of $0.08 per common unit on an annualized basis. The distribution will be paid on May 19, 2011 to Unitholders of record as of the close of business on May 6, 2011.

        Both partnerships expect to release earnings for the quarter ended March 31, 2011 on Wednesday, May 4, 2011, after the market closes. ETP and ETE will conduct a joint conference call on Thursday, May 5 at 8:30 a.m. Central Time to discuss their quarterly results. The conference call will be broadcast live via an internet web cast, which can be accessed through www.energytransfer.com. The call will also be available for replay on Energy Transfer’s web site for a limited time.

    • Indeed. I was shocked to see a $.02/quarter increase. I would have expected them to do $.01 this quarter and next quarter to try and build momemtum and a track record. Maybe they feel they will be able to do another increase next Q as you mentioned.

 
ETE
66.13+0.13(+0.20%)Apr 24 4:03 PMEDT