Energy Transfer Equity Announces Seventh Consecutive Quarterly Cash Distribution Increase

  Energy Transfer Equity Announces Seventh Consecutive Quarterly Cash
  Distribution Increase

        Distribution per Unit Up 16% Compared to Same Period Last Year

           Earnings Release and Earnings Call Dates Also Announced

Business Wire

DALLAS -- July 24, 2014

Energy Transfer Equity, L.P. (NYSE: ETE) today announced that its Board of
Directors has approved a $0.02125 increase in its quarterly cash distribution
to $0.38 per ETE common unit for the second quarter ended June 30, 2014, or
$1.52 per unit on an annualized basis.

Adjusting for the ETE unit split completed in January 2014, the quarterly
distribution of $0.38 per ETE common unit represents a unit distribution
increase of 16% on an annualized basis compared to the second quarter of 2013.
This also represents an annualized distribution increase of $0.085 per common
unit, or 5.9%, compared to the first quarter of 2014 and marks the seventh
consecutive quarter that ETE has raised its distribution. The cash
distribution will be paid on August 19, 2014 to unitholders of record as of
the close of business on August 4, 2014.

ETE plans to release earnings for the second quarter 2014 on Wednesday, August
6, 2014, after the market closes. ETE and its subsidiary, Energy Transfer
Partners, L.P. (NYSE: ETP), will conduct a joint conference call on Thursday,
August 7, 2014 at 8:30 a.m. Central Time to discuss quarterly results. During
the scheduled time of the conference call, a live webcast will be available on
Energy Transfer’s web site at 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 ETE’s quarterly distribution
announcement:

Record Date: August 4, 2014
Ex-Date: July 31, 2014
Payment Date: August 19, 2014
Amount Paid: $0.38 per common unit

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 owns and operates 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.

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.

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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