Moody's Investors Service ("Moody's") affirmed the ratings of Energy Transfer Partners, L.P. (ETP), including its Baa3 senior unsecured ratings, Ba1 junior subordinated debt rating, Ba2 preferred stock rating and its Prime-3 short term rating. Additionally, Moody's placed the ratings o...
Moody's Investors Service ("Moody's") assigned a Ba2 rating to Energy Transfer Partners, L.P.'s (ETP) proposed Series D Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Units. Its Baa3 senior unsecured rating, its Ba1 junior subordinated notes rating and its P-3 commercial ...
DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) today announced a quarterly cash distribution of $0.565 per ETP common unit ($2.26 on an annualized basis) for the first quarter ended March 31, 2018. This cash distribution is the same as the distribution for the fourth quarter of 2017 and will be paid on May 15, 2018 to unitholders of record as of the close of business on May 7, 2018. ETP plans to release earnings for the first quarter of 2018 on Wednesday, May 9, 2018, after the market closes. ETP and Ene...
DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has priced an underwritten public offering of 18,000,000 of its 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series C Preferred Units”) at a price of $25.00 per unit, resulting in total proceeds of $450 million. The underwriters have a 30-day option to purchase up to 2,700,000 additional Series C Preferred Units. Distributions on the Series C Preferred Units will accrue and be cumulati...
Moody's Investors Service (Moody's) assigned a Ba2 rating to Energy Transfer Partners, L.P.'s (ETP) proposed Series C Fixed-to-Floating Cumulative Redeemable Perpetual Preferred Units. Its Baa3 senior unsecured rating, its Ba1 junior subordinated notes rating and its P-3 commercial paper rating ...
DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) today announced that its subsidiary will launch a binding open season (“Open Season”) to solicit shipper commitments for transportation service of diesel fuel from Hebert, TX to the Midland, TX area. Subject to the results of this Open Season and receipt of all necessary permits and approvals, the proposed pipeline is expected to have an initial capacity of 30,000 barrels per day and is anticipated to be operational in the third quarter of 2020. Through this ...
AUSTIN, Texas & DALLAS--(BUSINESS WIRE)-- USA Compression Partners, LP (NYSE: USAC) (“USAC”), Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) and Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today announced that USAC has (i) completed its previously announced acquisition of the CDM compression business (“CDM”) from ETP, in exchange for $1.232 billion in cash (including customary closing adjustments), approximately 19.2 million USAC common units and approximately 6.4 million USAC Class B units, and (ii) cancelled its incentive d...
DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) is aware of revisions the Federal Energy Regulatory Commission (“FERC”) is proposing to its 2005 Policy Statement for Recovery of Income Tax Costs, which if adopted after a public comment period, would no longer allow interstate pipelines owned by master limited partnerships to recover an income tax allowance in the cost of service. These revisions are not expected to have a material impact to ETP’s earnings and cash flow. Many of ETP’s rates are set pursuant to nego...
DALLAS--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYSE: ETP) and Satellite Petrochemical USA Corp. (“Satellite”) have entered into definitive agreements to form a joint venture, Orbit Gulf Coast NGL Exports, LLC (“Orbit”), with the purpose of constructing a new export terminal on the U.S. Gulf Coast to provide ethane to Satellite for consumption at their ethane cracking facilities in China. Orbit will also construct a 20-inch ethane pipeline originating at ETP’s Mont Belvieu Fractionators that will make deliveries to Orbit’s e...
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