OREANDA-NEWS. November 05, 2013. Energy Transfer Partners, L.P. (NYSE: ETP) and Energy Transfer Equity, L.P. (NYSE: ETE) announced that the Board of Directors of each Partnership has approved a quarterly distribution increase for the quarter ended September 30, 2013.

ETP’s Board of Directors has approved an increase in its quarterly distribution to USD 0.905 per unit (USD 3.62 annualized) on ETP common units for the quarter ended September 30, 2013. The quarterly distribution of USD \\$0.905 represents an increase of USD0.045 per common unit on an annualized basis. The cash distribution will be paid on November 14, 2013 to unitholders of record as of the close of business on November 4, 2013.

"We are extremely pleased to have reached this point of resuming distribution rate growth for our unitholders - it is something we've worked hard to accomplish over the last several years and now that distribution growth has resumed, we intend to continue it going forward,” said Martin Salinas, Chief Financial Officer of ETP. “While we have diversified our business, both from a geographic and business capabilities standpoint, we have remained focused on our key objective of increasing unitholder value. We are confident that increasing our distribution per unit does just that. ETP is poised to continue demonstrating unitholder value through 2013 and beyond as we execute on not only bringing announced growth projects into service and further driving our expenses down, but also through developing more growth projects by capitalizing on opportunities around our asset base."

ETE’s Board of Directors has approved an increase in its quarterly distribution to USD 0.6725 per unit (USD 2.69 annualized) on ETE common units for the quarter ended September 30, 2013. The quarterly distribution of USD 0.6725 represents an increase of USD 0.07 per common unit on an annualized basis. This is the fourth consecutive quarter that ETE has raised its distribution. The cash distribution will be paid on November 19, 2013 to unitholders of record as of the close of business on November 4, 2013.

Both partnerships expect to release earnings for the quarter ended September 30, 2013 on Tuesday, November 5, 2013, after the market closes. ETP and ETE will conduct a joint conference call on Wednesday, November 6, 2013 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.