Energy Transfer Partners Increases Cash Distribution for Second Quarter of 2014

  Energy Transfer Partners Increases Cash Distribution for Second Quarter of
  2014

      Represents Partnership’s Fourth Consecutive Distribution Increase

           Earnings Release and Earnings Call Dates Also Announced

Business Wire

DALLAS -- July 24, 2014

Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of
Directors has approved a $0.02 increase in its quarterly distribution to
$0.955 per ETP common unit ($3.82 annualized) for the quarter ended June 30,
2014.

The quarterly distribution of $0.955 represents a distribution increase of
$0.245 per common unit on an annualized basis, or 6.9%, compared to the second
quarter of 2013 and represents an annualized distribution increase of $0.08
per common unit compared to the first quarter of 2014. This marks the fourth
consecutive quarter that ETP has raised its distribution. The cash
distribution will be paid on August 14, 2014 to unitholders of record as of
the close of business on August 4, 2014.

ETP expects to release earnings for the second quarter of 2014 on Wednesday,
August 6, 2014, after the market closes. ETP and Energy Transfer Equity (NYSE:
ETE), which owns the general partner of ETP, will conduct a joint conference
call on Thursday, August 7, 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.

The following information applies to ETP’s quarterly distribution
announcement:

Record Date:   August 4, 2014
Ex-Date:        July 31, 2014
Payment Date:   August 14, 2014
Amount Paid:    $0.955 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 30.8 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 57.2 million RGP common units. On a consolidated basis, ETE’s
family of companies own and operate approximately 71,000 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.

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
214-498-9272 (cell)
 
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