OREANDA-NEWS. April 29, 2014. Energy Transfer Partners, L.P. (NYSE: ETP) announced that its Board of Directors has approved a USD 0.015 increase in its quarterly distribution to USD 0.935 per ETP common unit (USD 3.74 annualized) for the quarter ended March 31, 2014.

The quarterly distribution of USD 0.935 represents an increase of USD 0.165 per common unit on an annualized basis compared to the first quarter 2013 and represents an annualized increase of USD 0.06 per common unit compared to the fourth quarter 2013. This is the third consecutive quarter that ETP has raised its distribution and demonstrates its continued confidence and ability to provide further value to its unitholders. The cash distribution will be paid on May 15, 2014 to unitholders of record as of the close of business on May 5, 2014.

ETP and Energy Transfer Equity, L.P. (NYSE: ETE), who owns the general partner of ETP, expect to release earnings for the first quarter 2014 on Tuesday, May 6, 2014, after the market closes. ETP and ETE will conduct a joint conference call on Wednesday, May 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.