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, 2013.
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, 2013. The cash distribution will be paid on May 15,
2013 to unitholders of record as of the close of business on May 6, 2013.
Actually it would have been a surprise if they had increased. OKS increased but by .005 instead of .025 and others moved up by .01 instead of .02 or more. This quarter looks to not be a good one for midstream MLPs with differentials and processing margins down and ethane at bypass prices. Subsequent to end of the quarter prices started to rise a bit with better ethane prices and differentials a bit improved in TX/OK.