Regency Energy Partners Announces Cash Distribution of 46 Cents Per Outstanding Common Unit

  Regency Energy Partners Announces Cash Distribution of 46 Cents Per
  Outstanding Common Unit

Business Wire

DALLAS -- January 28, 2013

Regency Energy Partners LP (NYSE: RGP), (“Regency” or the “Partnership”),
announced today a cash distribution of 46 cents per outstanding common unit
for the fourth quarter ended December 31, 2012. The distribution will be paid
on February 14, 2013, to unitholders of record at the close of business on
February 7, 2013. This distribution is equivalent to $1.84 per outstanding
common unit on an annual basis.

Under the terms of the Series A Preferred Units, a quarterly cash distribution
of 44.5 cents per unit for the fourth quarter ended December 31, 2012, will be
paid on the same schedule as set forth above.

Regency expects to release its fourth quarter 2012 earnings results Wednesday,
February 20, 2013, after the market closes and will hold a conference call
Thursday, February 21, 2013, at 10 a.m. Central Time (11 a.m. Eastern Time) to
discuss these results.

The dial-in number for the call is 1-866-770-7125 in the United States, or
+1-617-213-8066 outside the United States, passcode 50928052. A live webcast
of the call may be accessed on the Investor Relations page of Regency’s
website at www.regencyenergy.com. The call will be available for replay for
seven days by dialing 1-888-286-8010 (from outside the U.S., +1-617-801-6888)
passcode 94006638. A replay of the broadcast will also be available on the
Partnership’s website for 30 days.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Please note that 100 percent of Regency’s distributions
to foreign investors are attributable to income that is effectively connected
with a United States trade or business. Accordingly, Regency’s distributions
to foreign investors are subject to federal income tax withholding at a rate
of 35 percent.

This release includes “forward-looking” statements. Forward-looking statements
are identified as any statement that does not relate strictly to historical or
current facts. Statements using words such as “anticipate,” “believe,”
“intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,”
“forecast,” “may” or similar expressions help identify forward-looking
statements. Although we believe our forward-looking statements are based on
reasonable assumptions and current expectations and projections about future
events, we cannot give any assurance that such expectations will prove to be
correct. Forward-looking statements are subject to a variety of risks,
uncertainties and assumptions. Additional risks include: volatility in the
price of oil, natural gas, and natural gas liquids, declines in the credit
markets and the availability of credit for the Partnership as well as for
producers connected to the Partnership’s system and its customers, the level
of creditworthiness of, and performance by the Partnership’s counterparties
and customers, the Partnership's ability to access capital to fund organic
growth projects and acquisitions, and the Partnership’s ability to obtain debt
and equity financing on satisfactory terms, the Partnership's use of
derivative financial instruments to hedge commodity and interest rate risks,
the amount of collateral required to be posted from time-to-time in the
Partnership's transactions, changes in commodity prices, interest rates, and
demand for the Partnership's services, changes in laws and regulations
impacting the midstream sector of the natural gas industry, weather and other
natural phenomena, industry changes including the impact of consolidations and
changes in competition, the Partnership's ability to obtain required approvals
for construction or modernization of the Partnership's facilities and the
timing of production from such facilities, and the effect of accounting
pronouncements issued periodically by accounting standard setting boards.
Therefore, actual results and outcomes may differ materially from those
expressed in such forward-looking statements.

These and other risks and uncertainties are discussed in more detail in
filings made by the Partnership with the Securities and Exchange Commission,
which are available to the public. The Partnership undertakes no obligation to
update publicly or to revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Regency Energy Partners LP (NYSE: RGP) is a growth-oriented, master limited
partnership engaged in the gathering and processing, contract compression,
contract treating and transportation of natural gas and the transportation,
fractionation and storage of natural gas liquids. Regency's general partner is
owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more information,
please visit Regency’s website at www.regencyenergy.com.

Contact:

Regency Energy Partners
Investor Relations:
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
ir@regencygas.com
or
Granado Communications Group
Media Relations:
Vicki Granado, 214-599-8785
vicki@granadopr.com
 
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