Energy Transfer Partners Increases Cash Distribution for Fourth Quarter of 2013

  Energy Transfer Partners Increases Cash Distribution for Fourth Quarter of
  2013

    Diversified Asset Base and Cost Efficiencies Driving Improved Results

             Upside to Most Recent 3Q 2013 Distribution Increase

Business Wire

DALLAS -- January 28, 2014

Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of
Directors has approved a quarterly distribution increase of $0.015 per ETP
common unit for the quarter ended December 31, 2013.

The ETP Board of Directors approved an increase in its quarterly distribution
to $0.92 per unit ($3.68 annualized) on ETP common units for the quarter ended
December 31, 2013. The quarterly distribution of $0.92 represents an increase
of $0.105 per common unit on an annualized basis compared to December 31, 2012
and represents an annualized increase of $0.06 per common unit compared to
September 30, 2013. The cash distribution will be paid on February 14, 2014 to
unitholders of record as of the close of business on February 7, 2014.

ETP and Energy Transfer Equity, L.P. (NYSE: ETE), who owns the general partner
of ETP, expect to release earnings for the quarter ended December 31, 2013 on
Wednesday, February 19, 2014, after the market closes. ETP and ETE will
conduct a joint conference call on Thursday, February 20, 2014 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.

Company: Energy Transfer Partners, L.P. (NYSE: ETP)
Record Date: February 7, 2014
Ex-Date: February 5, 2014
Payment Date: February 14, 2014
Amount Paid: $0.92 per Common Unit

Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership
owning and operating one of the largest and most diversified portfolios of
energy assets in the United States. ETP currently owns and operates
approximately 35,000 miles of natural gas and natural gas liquids pipelines.
ETP owns 100% of Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and Sunoco, Inc., and a 70% interest in Lone Star NGL
LLC, a joint venture that owns and operates natural gas liquids storage,
fractionation and transportation assets. ETP also owns the general partner,
100% of the incentive distribution rights, and approximately 33.5 million
common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a
geographically diverse portfolio of crude oil and refined products pipelines,
terminalling and crude oil acquisition and marketing assets. ETP’s general
partner is owned by ETE. For more information, visit the Energy Transfer
Partners, L.P. web site at www.energytransfer.com.

Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited partnership which
owns the general partner and 100% of the incentive distribution rights (IDRs)
of Energy Transfer Partners, L.P. (NYSE: ETP), approximately 49.6 million ETP
common units, and approximately 50.2 million ETP Class H Units, which track
50% of the underlying economics of the general partner interest and IDRs of
Sunoco Logistics Partners L.P. (NYSE: SXL). ETE also owns the general partner
and 100% of the IDRs of Regency Energy Partners LP (NYSE: RGP) and
approximately 26.3 million RGP common units. The Energy Transfer family of
companies owns more than 56,000 miles of natural gas, natural gas liquids,
refined products, and crude oil pipelines. For more information, visit the
Energy Transfer Equity, L.P. web site at www.energytransfer.com.

Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is
a master limited partnership that owns and operates a logistics business
consisting of a geographically diverse portfolio of complementary crude oil
and refined product pipeline, terminalling, and acquisition and marketing
assets. SXL’s general partner is owned by Energy Transfer Partners, L.P.
(NYSE: ETP). For more information, visit the Sunoco Logistics Partners, L.P.
web site at www.sunocologistics.com.

Forward-Looking Statements

This press release may include certain statements concerning expectations for
the future that are forward-looking statements as defined by federal law. Such
forward-looking statements are subject to a variety of known and unknown
risks, uncertainties, and other factors that are difficult to predict and many
of which are beyond management’s control. An extensive list of factors that
can affect future results are discussed in the Partnerships’ Annual Reports on
Form 10-K and other documents filed from time to time with the Securities and
Exchange Commission. The Partnerships undertake no obligation to update or
revise any forward-looking statement to reflect new information or events.

This release serves as qualified notice to nominees as provided for under
Treasury Regulation section 1.1446-4(b)(4) and (d). Please note that 100
percent of Energy Transfer Partners, L.P.’s and Energy Transfer Equity, L.P.’s
distributions to foreign investors are attributable to income that is
effectively connected with a United States trade or business. Accordingly, all
of Energy Transfer Partners, L.P.’s and Energy Transfer Equity, L.P.’s
distributions to foreign investors are subject to federal tax withholding at
the highest applicable effective tax rate. Nominees are treated as withholding
agents responsible for withholding distributions received by them on behalf of
foreign investors.

The information contained in this press release is available on our web site
at www.energytransfer.com.

Contact:

Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
Cell: 214-498-9272
 
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