Energy Transfer Partners - Pipeline MLP - 500 Beiträge pro Seite

[R-BgO]

03.08.2009 15:10
Kinder Morgan/Energy Transfer Partners Place All of Midcontinent Express Pipeline into Service

Construction of the approximately 500-mile Midcontinent Express Pipeline (MEP) is complete and natural gas transportation service commenced Saturday, Aug. 1, on the pipeline from Delhi, La., to Transcontinental Pipe Lineâs Station 85 in Butler, Ala. Interim service had begun on the pipeline from Bennington, Okla., to Delhi in April. MEP is a joint venture of Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and Energy Transfer Partners, L.P. (NYSE:ETP).

âWe are delighted that the final leg of the Midcontinent Express Pipeline is in service,â said Steve Kean, president of Kinder Morganâs Natural Gas Pipelines group. Kinder Morgan constructed and will operate the pipeline.

âThe completion of this final segment of MEP affords shippers and producers in the Barnett Shale, Bossier Sands and other producing regions access to markets in the eastern United States,â said Lee Hanse, senior vice president of Energy Transferâs Interstate Pipeline group.

MEP has multiple receipt and delivery points along the pipeline system, which originates in southeast Oklahoma, crosses northeast Texas, northern Louisiana and central Mississippi and ends in Alabama. Capacity is currently up to 1.25 billion cubic feet (Bcf) per day in Zone 1, which interconnects with the Columbia Gulf Transmission system in Delhi and up to 0.84 Bcf per day in Zone 2, which interconnects with the Transcontinental Gas Pipe Line system in Butler. An expansion of the pipeline is expected to be completed in 2010, which will further increase MEPâs capacity to approximately 1.8 Bcf per day in Zone 1 and 1.2 Bcf per day in Zone 2. The pipelineâs capacity, including the expansion capacity, is fully subscribed with long-term binding commitments from creditworthy shippers.

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 28,000 miles of pipelines and 170 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of over $20 billion. The general partner of KMP is owned by Kinder Morgan, Inc., a private company.

Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETPâs natural gas operations include gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP currently has more than 17,500 miles of pipeline in service and has a 50% interest in joint ventures that have approximately 500 miles of interstate pipeline in service. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.

Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.

[R-BgO]

7,7% Ausschüttung p.a.

[R-BgO]

nachgelegt

[R-BgO]

08.09.2009 23:10
Energy Transfer Partners’ Tiger Pipeline Announces Additional Volume Commitment

Also Files FERC Application Requesting Certificate of Public Convenience and Necessity for 180-mile Natural Gas Pipeline

Energy Transfer Partners, L.P. (NYSE:ETP) today announced it has entered into a 10-year contract with a shipper to transport 300 million cubic feet per day of natural gas on its Tiger Pipeline system, bringing total capacity commitments on the proposed pipeline to not less than 1.8 billion cubic feet per day.

This new capacity commitment is in addition to previously announced agreements including a 10-year contract with Denver-based EnCana Marketing (USA) Inc., a subsidiary of EnCana Corporation, and a 15-year contract with Chesapeake Energy Marketing, Inc., a subsidiary of Chesapeake Energy Corporation, for 1.0 billion cubic feet per day.

”We are excited about increasing the volume committed to the Tiger Pipeline project by entering this new long-term agreement,” said Lee Hanse, Senior Vice President, Energy Transfer Partners Interstate Pipeline Division. ”This volume commitment further demonstrates the need for additional pipeline capacity out of the increasingly active Haynesville Shale natural gas play. The construction of the Tiger Pipeline will help provide critical takeaway capacity and ensure that producers have flexibility and enhanced market access as they continue to develop this emerging resource.”

ETP also filed on August 31, 2009 an application with the Federal Energy Regulatory Commission (FERC) requesting a certificate of public convenience and necessity that would authorize construction and operation of the approximately 180-mile Tiger Pipeline. Pending necessary regulatory approvals, the pipeline is expected to be under construction by June 2010 and in service in the first half of 2011. The pipeline will connect to ETP’s dual 42” pipeline system near Carthage, Texas, extend through the heart of the Haynesville Shale and end near Delhi, Louisiana, with interconnects to at least seven interstate pipelines at various points in Louisiana that serve the Northeast, Southeast, Mid-Atlantic and Midwest markets. The pipeline will have an initial throughput capacity of 2.0 billion cubic feet per day, which may be increased to up to 2.4 billion cubic feet per day with added compression.

Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP’s natural gas operations include gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP currently has more than 17,500 miles of pipeline in service and has a 50% interest in joint ventures that have approximately 500 miles of interstate pipeline in service. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.

Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.

For more information on the ETC Tiger Pipeline, visit www.tigerpipeline.com.

[R-BgO]

man kann auch in den General Partner investieren, wenn man will:

Thread: Energy Transfer Equity - US-Pipeline MLP General Partner

[R-BgO]

09.02.2010 13:12
Heckmann Corporation and Energy Transfer Partners, L.P. Sign Agreement to Provide Turnkey Solutions for Water Flows Created by Oil and Gas Drilling

Heckmann Corporation (NYSE: HEK) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that they have entered into an agreement to develop and implement transportation and treatment solutions for supply, drilling, flow back, produced, and other types of discharged waters generated in the Marcellus and Haynesville Shale natural gas development areas. The venture will be jointly funded and operated by the two companies on a 50/50 basis and is designed to exploit the parties' combined expertise in developing pipeline infrastructure and corresponding treatment facilities.

Heckmann and ETP have identified several potential projects and have begun the engineering and preliminary permitting necessary to proceed with construction of water pipelines, treatment, and other related facilities. According to U.S. Geological Survey estimates, the Marcellus Shale fields contain the largest prospective natural gas reserves in North America, second only to the Haynesville Shale. The venture is building an organization to deliver the systems and solutions demanded by oil and natural gas producers in these areas.

Richard J. Heckmann, Chairman and CEO of Heckmann Corporation commented, "We recently completed and are operating our 50-mile produced water pipeline and disposal facility in the Haynesville Shale in Louisiana and Texas. We are now looking forward to working with our partners at ETP to deliver solutions for the over 5 billion gallons of produced water per year and demand for over 12 billion gallons per year of frac fluids in the Northeast as well as the area in which we now operate. We believe that our combined experience with the installation and operation of pipeline systems and the access we have to the technologies necessary to treat and recycle the water will be of great help to the producers of natural gas and oil, and to other producers of complicated water streams."

About Heckmann Corporation

Heckmann Corporation (NYSE: HEK) was created to buy and build companies in the water sector. On January 30, 2010, the Company completed its 50-mile water disposal pipeline in the Haynesville Shale which can treat and dispose up to 100,000 barrels of water per day. The Company owns a network of 8 disposal wells with 4 additional wells available for expansion. The completion of the pipeline makes the Company one of the largest handlers of produced water in North America. In October of 2008, the Company acquired China Water&Drinks, Inc., and now operates eight bottled water facilities in the Peoples Republic of China with Coca Cola as its largest customer. The Company also makes strategic minority interest investments, such as its recent investment in water infrastructure solutions and pipeline provider Underground Solutions, Inc. (OTC: UGSI), and its minority investment in China Bottles, a bottle equipment manufacturing company in China. Interested stockholders and investors can access additional information about Heckmann on the Company's web site at www.heckmanncorp.com, and in documents filed with the U.S. Securities and Exchange Commission, on the SEC's web site at www.sec.gov

[R-BgO]

18.02.2010 23:12
Energy Transfer Partners Reports Quarterly and Annual Results

Energy Transfer Partners, L.P. (NYSE:ETP) today reported EBITDA, as adjusted, distributable cash flow, and net income for the quarter and full year ended December 31, 2009. EBITDA, as adjusted, for the three months ended December 31, 2009 totaled $477.1 million, an increase of $139.3 million from the three months ended December 31, 2008. Distributable cash flow for the three months ended December 31, 2009 totaled $230.4 million, a decrease of $10.9 million from the three months ended December 31, 2008. Net income for the three months ended December 31, 2009 totaled $261.2 million, an increase of $110.2 million from the three months ended December 31, 2008.

For the year ended December 31, 2009, EBITDA, as adjusted, totaled $1.51 billion, an increase of $104.3 million from the year ended December 31, 2008. Distributable cash flow for the year ended December 31, 2009 was $962.1 million, a decrease of $88.4 million from the year ended December 31, 2008. Net income for the year ended December 31, 2009 totaled $791.5 million, a decrease of $74.5 million from the year ended December 31, 2008.

The Partnership has scheduled a conference call for 2:00 p.m. Central Time, Friday, February 19, 2010 to discuss the 2009 results. The conference call will be broadcast live via an Internet web cast, which can be accessed through www.energytransfer.com. The call will be available for replay on the Partnership's website for a limited time.

EBITDA, as adjusted, and distributable cash flow are non-GAAP financial measures used by industry analysts, investors, lenders, and rating agencies to assess the financial performance and the operating results of the Partnership's fundamental business activities and should not be considered in isolation or as a substitute for net income, income from operations, cash flows from operating activities, or other GAAP measures. A table reconciling EBITDA, as adjusted, and distributable cash flow with appropriate GAAP financial measures is included in the summarized financial information included in this release.

[R-BgO]

06.05.2010 14:17
Energy Transfer Partners Reports Quarterly Results


Energy Transfer Partners, L.P. (NYSE:ETP) today reported EBITDA, as adjusted, distributable cash flow, and net income for the quarter ended March 31, 2010. EBITDA, as adjusted, for the three months ended March 31, 2010 totaled $454.4 million, an increase of $13.7 million from the three months ended March 31, 2009. Distributable cash flow for the three months ended March 31, 2010 totaled $376.8 million, a decrease of $64.8 million from the three months ended March 31, 2009. Net income for the three months ended March 31, 2010 totaled $240.1 million, a decrease of $67.1 million from the three months ended March 31, 2009.

Related to ETP's liquidity position, the Partnership raised approximately $423.6 million in net proceeds from its common unit offering in January 2010. In addition, the Partnership raised $81.0 million in net proceeds during the three months ended March 31, 2010 under an equity distribution program. As of March 31, 2010, in addition to approximately $384.3 million of cash on hand, the Partnership had available capacity under its credit facility of approximately $1.94 billion.

An analysis of the Partnership's segment results and other supplementary data is provided after the financial tables shown below. Management will discuss the first quarter 2010 results on the Partnership's conference call scheduled for 2:00 p.m. Central Time today. The conference call will be broadcast live via an internet web cast, which can be accessed through www.energytransfer.com. The call will be available for replay on the Partnership's website for a limited time.

EBITDA, as adjusted, and distributable cash flow are non-GAAP financial measures used by industry analysts, investors, lenders, and rating agencies to assess the financial performance and the operating results of the Partnership's fundamental business activities and should not be considered in isolation or as a substitute for net income, income from operations, cash flows from operating activities, or other GAAP measures. A table reconciling EBITDA, as adjusted, and distributable cash flow with appropriate GAAP financial measures is included in the summarized financial information included in this release.

Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP's natural gas operations include intrastate gathering and transportation pipelines, treating and processing assets, and three storage facilities located in Texas. ETP currently has more than 17,500 miles of pipeline in service and has a 50% interest in joint ventures that have approximately 500 miles of interstate pipeline in service. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.

Energy Transfer Equity, L.P. (NYSE:ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners and approximately 62.5 million ETP limited partner units.

The information contained in this press release is available on the Partnership's website at www.energytransfer.com.


ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)

(unaudited)



March 31,

2010


December 31,

2009

ASSETS


CURRENT ASSETS $ 1,416,637 $ 1,271,963

PROPERTY, PLANT AND EQUIPMENT 9,839,358 9,649,405
ACCUMULATED DEPRECIATION (1,055,151 ) (979,158 )
8,784,207 8,670,247

ADVANCES TO AND INVESTMENTS IN AFFILIATES 653,390 663,298
GOODWILL 772,999 745,505
INTANGIBLES AND OTHER ASSETS, net 442,594 383,959
Total assets $ 12,069,827 $ 11,734,972


LIABILITIES AND PARTNERS' CAPITAL


CURRENT LIABILITIES $ 782,544 $ 823,539

LONG-TERM DEBT, less current maturities 6,014,898 6,176,918
LONG-TERM PRICE RISK MANAGEMENT LIABILITIES 20,347 -
OTHER NON-CURRENT LIABILITIES 135,901 134,807

COMMITMENTS AND CONTINGENCIES
6,953,690 7,135,264

PARTNERS' CAPITAL 5,116,137 4,599,708
Total liabilities and partners' capital $ 12,069,827 $ 11,734,972


ENERGY TRANSFER PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per unit and unit data)

(unaudited)

Three Months Ended March 31,
2010 2009
REVENUES:
Natural gas operations $ 1,306,709 $ 1,111,955
Retail propane 533,439 487,907
Other 31,833 30,238
Total revenues 1,871,981 1,630,100

COSTS AND EXPENSES:
Cost of products sold - natural gas operations 912,606 732,113
Cost of products sold - retail propane 304,981 220,222
Cost of products sold - other 7,278 6,804
Operating expenses 170,748 181,773
Depreciation and amortization 83,276 72,603
Selling, general and administrative 48,754 55,732
Total costs and expenses 1,527,643 1,269,247

OPERATING INCOME 344,338 360,853

OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized (104,962 ) (82,045 )
Equity in earnings of affiliates 6,181 497
Losses on disposal of assets (1,864 ) (426 )
Gains on non-hedged interest rate derivatives

-
13,726
Allowance for equity funds used during construction 1,309 20,427
Other, net 1,033 1,067

INCOME BEFORE INCOME TAX EXPENSE 246,035 314,099
Income tax expense 5,924 6,932

NET INCOME 240,111 307,167

GENERAL PARTNER'S INTEREST IN NET INCOME 99,999 90,290

LIMITED PARTNERS' INTEREST IN NET INCOME $ 140,112 $ 216,877

BASIC NET INCOME PER LIMITED PARTNER UNIT $ 0.74 $ 1.37

BASIC AVERAGE NUMBER OF UNITS OUTSTANDING 188,424,574 157,009,238

DILUTED NET INCOME PER LIMITED PARTNER UNIT $ 0.74 $ 1.37

DILUTED AVERAGE NUMBER OF UNITS OUTSTANDING 189,127,283 157,390,400


SUPPLEMENTAL INFORMATION

(Dollars in thousands)

(unaudited)

Three Months Ended March 31,
2010 2009
Reconciliation of net income to EBITDA, as adjusted:
Net income $ 240,111 $ 307,167
Interest expense, net of interest capitalized 104,962 82,045
Income tax expense 5,924 6,932
Depreciation and amortization 83,276 72,603
Non-cash unit-based compensation expense 7,196 6,801
Losses on disposals of assets 1,864 426
Gains on non-hedged interest rate derivatives — (13,726 )
Allowance for equity funds used during construction (1,309 ) (20,427 )

Proportionate share of joint ventures' interest, depreciation and allowance for equity funds used during construction
13,446 —
Other, net (1,033 ) (1,067 )
EBITDA, as adjusted (a) $ 454,437 $ 440,754

Reconciliation of net income to distributable cash flow:
Net income $ 240,111 $ 307,167
Amortization of finances costs changed to interest 2,291 1,990
Deferred income taxes 1,433 6,719
Depreciation and amortization 83,276 72,603
Non-cash unit-based compensation expense 7,196 6,801
Losses on disposals of assets 1,864 426
Unrealized gains on interest rate derivatives — (13,726 )

Unrealized losses on commodity derivatives not in fair value hedging relationships (including ineffective portion of cash flow hedges)
8,750 73,169
Allowance for equity funds used during construction (1,309 ) (20,427 )

Unrealized losses on commodity derivatives and related hedged inventory in fair value hedging relationships
50,539 —
Inventory lower of cost or market adjustments — 44,621

Effect of previously recognized inventory hedging and lower of cost or market adjustments on margin
(7,861 ) (23,551 )
Distributions in excess of equity in earnings, net 10,109 328
Maintenance capital expenditures (19,637 ) (14,596 )
Distributable cash flow (a) $ 376,762 $ 441,524


(a) The Partnership has disclosed in this press release EBITDA, as adjusted, and distributable cash flow, which are non-GAAP financial measures. Management believes EBITDA, as adjusted, and distributable cash flow provide useful information to investors as measure of comparison with peer companies, including companies that may have different financing and capital structures. The presentation of EBITDA, as adjusted, and distributable cash flow also allows investors to view our performance in a manner similar to the methods used by management and provides additional insight into our operating results.

There are material limitations to using measures such as EBITDA, as adjusted, and distributable cash flow, including the difficulty associated with using either as the sole measure to compare the results of one company to another, and the inability to analyze certain significant items that directly affect a company's net income or loss or cash flows. In addition, our calculations of EBITDA, as adjusted, and distributable cash flow may not be consistent with similarly titled measures of other companies and should be viewed in conjunction with measurements that are computed in accordance with GAAP, such as gross margin, operating income, net income, and cash flow from operating activities.

[Dividendenabstauber]

Hallo!

ETE und ETP sind aufs engste miteinander verwandt.
Schon auf der gemeinsamen Homepage steht, ETE wird das bessere Gewinnwachstum haben, dafür hat ETP derzeit die bessere Ausschüttungsrendite.

ETE hat vom 2Q06 die Schüttung von 0,2 auf 0,54 gesteigert.
ETP von 0,54 auf 0,89. US-$ klar.

Alleine aus diesem Vergleich würde ich ETE vorziehen.

Die Bilanzen sind nicht sehr aussagekräftig, da Partnerships Überschussrechner sind und Abschreibungen da anders in Bilanzen zu betrachten sind.

Wenn man dazu eine Europapiplene wie Snam Rete herannimmt zum Vergleich, die Entscheidung fällt eindeutig aus.

der


Dividendenabstauber

[R-BgO]

ENERGY TRANSFER PARTNERS ANNOUNCES CLOSING OF COMMON UNIT OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION

DALLAS, TEXAS — August 23rd, 2010 — Energy Transfer Partners, L.P. (NYSE: ETP) announced today that its previously announced public offering of 10,925,000 common units representing limited partner interests at $46.22 per common unit, which includes 1,425,000 common units purchased pursuant to the full exercise of the underwriters' over-allotment option, has closed. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.

[R-BgO]

nachgelegt

[R-BgO]

Energy Transfer Partners Reports Fourth Quarter and Annual Results
Propane Results Impacted by Warm Weather

DALLAS--(BUSINESS WIRE)--Feb. 15, 2012-- Energy Transfer Partners, L.P. (NYSE:ETP) today reported its financial results for the fourth quarter ended December 31, 2011.

Adjusted EBITDA for the three months ended December 31, 2011 totaled $479.0 million, an increase of $67.9 million over the three months ended December 31, 2010. Distributable Cash Flow for the three months ended December 31, 2011 totaled $310.4 million, an increase of $26.0 million over the three months ended December 31, 2010. Net income for the three months ended December 31, 2011 totaled $217.3 million, a decrease of $9.6 million from the three months ended December 31, 2010.

Adjusted EBITDA for the year ended December 31, 2011 totaled $1.74 billion, an increase of $201.7 million over the year ended December 31, 2010. Distributable Cash Flow for the year ended December 31, 2011 totaled $1.14 billion, an increase of $107.4 million over the year ended December 31, 2010. Net income for the year ended December 31, 2011 totaled $697.2 million, an increase of $79.9 million over the year ended December 31, 2010.

ETP's results for the fourth quarter and year ended December 31, 2011 were unfavorably impacted by results from its retail propane operations, which experienced a decrease in Segment Adjusted EBITDA of $23.2 million for the fourth quarter and $47.5 million for the year ended December 31, 2011 principally due to a decline in sales volumes resulting from above average winter temperatures across areas in which its operations are located. As previously announced, ETP contributed its retail propane operations to AmeriGas Partners, L.P. (“AmeriGas”) on January 12, 2012, in exchange for approximately $1.46 billion in cash and 29.6 million AmeriGas common units.

An analysis of the Partnership's segment results and other supplementary data is provided after the financial tables shown below. The Partnership has scheduled a conference call for 8:30 a.m. Central Time, Thursday, February 16, 2012 to discuss the 2011 results. The conference call will be broadcast live via an internet web cast which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership's website for a limited time.

[R-BgO]

Energy Transfer Partners to Acquire Sunoco in $5.3 Billion Transaction
Creates One of the Largest and Most Diversified Energy Partnerships in the U.S.

Expands ETP’s Geographic Footprint and Markedly Strengthens its Presence in Crude Oil, NGLs and Refined Products Transportation, Terminalling, and Logistics

Expected to be Immediately Accretive to Distributable Cash Flow of ETP

DALLAS & PHILADELPHIA--(BUSINESS WIRE)--Apr. 30, 2012-- Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco, Inc. (NYSE: SUN) today announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3 billion, based on ETP’s closing price on April 27, 2012. This combination will create one of the largest and most diversified energy partnerships in the country by expanding ETP’s geographic footprint and strengthening its presence in the transportation, terminalling and logistics of crude oil, NGLs and refined products.

The merger consideration, which consists of $25 in cash and 0.5245 of an ETP common unit, or approximately 50 percent cash and 50 percent ETP common units, represents a 29 percent premium to the 20-day average closing price of Sunoco shares as of April 27, 2012. By acquiring Sunoco, ETP will also own Sunoco’s general partner interest and the incentive distribution rights (IDRs) in Sunoco Logistics Partners (NYSE: SXL), as well as Sunoco’s 32.4 percent interest in Sunoco Logistics Partners’ limited partner units and Sunoco’s branded retail business, which generates additional stable cash flows from a portfolio of approximately 4,900 retail locations in the U.S.

“This transaction, which will be immediately accretive, represents the next step in Energy Transfer Partners’ transformation into a more diversified enterprise with an integrated and expanded footprint,” said Kelcy Warren, ETP’s chief executive officer and chairman of the board of directors. “As we have said in the past year, our goal is to derive more of our distributable cash flow from the transportation of heavier hydrocarbons like crude oil, NGLs, and refined products. With this transaction, we make a major move in that direction, bringing our cash flow mix related to the combined enterprise’s pipeline businesses to approximately 70 percent natural gas and 30 percent heavier hydrocarbons. At the same time, we will enhance the size and scale of the ETP platform by creating new service capabilities and entering new geographic operating areas.”

“This transaction will enable Sunoco’s businesses to realize their full potential by becoming an important part of a diversified leader in the energy industry,” said Brian P. MacDonald, Sunoco’s president and chief executive officer. “In addition, it delivers an attractive premium to our shareholders, while enabling them to participate in the future growth of the business. The combination with ETP provides substantial future value-creation opportunities for Sunoco shareholders and ETP unitholders alike.”

Commenting further, MacDonald said, “ETP recognizes that the steady, ratable cash flows that our logistics and retail businesses generate are backed by great assets, deep expertise, and the potential for future growth. ETP has an interest in growing its Marcellus Shale-related activity, and I am pleased that the combined enterprise will retain a strong Pennsylvania presence.”

Other Transaction Details

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Sunoco shareholders can elect to receive, for each Sunoco common share they own, either $50.00 in cash, 1.0490 ETP common units or a combination of $25.00 in cash and 0.5245 ETP common units. The aggregate cash paid and common units issued will be capped so that the cash and common units will each represent 50 percent of the aggregate consideration. The cash elections and common unit elections will be subject to proration to satisfy this cap. Upon closing, Sunoco shareholders are expected to own approximately 20 percent of ETP common units. In addition, $965 million of Sunoco’s existing notes will remain outstanding.

In conjunction with the transaction, Energy Transfer Equity, L.P. (NYSE: ETE), the owner of Energy Transfer Partners’ general partner, has agreed to relinquish its right to approximately $210 million of incentive distributions from ETP that it would otherwise be entitled to receive over 12 consecutive quarters following the closing of the transaction.

Sunoco’s logistics and retail businesses will continue to maintain headquarters in the Philadelphia area consistent with their current operating presence. In addition, under the merger agreement, Sunoco will continue its plans for exiting its refining business as previously announced, as well as continue its plans for the proposed refinery joint venture being discussed by Sunoco and The Carlyle Group.

Combined Corporate Structure

The transaction has been approved by each company’s board of directors and is expected to close in the third or fourth quarter of 2012, subject to approval of Sunoco shareholders and customary regulatory approvals. Following the closing, Sunoco and Sunoco Logistics Partners will operate under the Energy Transfer Equity, L.P. umbrella of companies. By acquiring Sunoco, ETP will own Sunoco’s general partner interest, limited partner interest and the incentive distribution rights in Sunoco Logistics Partners.

Sunoco Logistics Partners will continue to be traded on the NYSE as a separate publicly traded MLP.

[R-BgO]

Antwort auf Beitrag Nr.: 43.112.235 von R-BgO am 02.05.12 19:04:32

Das Wachsen ging weiter: Amerigas, LDH, ...

[Kettenfett]

wie sieht das eigentlich mit der Steuererklärung ausbei MLPs aus? Hab gelesen muss neben dem W8Ben-Formular auch jährlich die tax form K-1 (form 1065) für das US Finanzamt ausfüllen. Kannst du dazu was sagen?

[Dividendenabstauber]

Bin durch Zufall in den Partner non ETP hineingestolpert, der ETE. Ist aber selbst eine Partnership.
Derzeit werden mir 39,6% KEST abgezogen. Ist aber US Einkommenssteuer, klar.

Kann man sich durch das Ausfüllen der US Formulare Kohle da zurückholen? Bin da gänzlich unbeleckt.

[Kettenfett]

habe zu dem Thema was gefunden

http://mlpguy.com/archives/151

http://bullchart.aktienboard.com/showthread.php?t=123173

[R-BgO]

Antwort auf Beitrag Nr.: 46.591.149 von Kettenfett am 08.03.14 19:16:47

Hier hatten wir vor kurzem eine ausführliche Diskussion zum Thema: Thread: Seadrill Partners - offshore LLC

Vor allen Dingen die dort von mir geposteten Links zum IRS könnten weiterhelfen.

Ist aber kein dünnes Brett.

Ich lasse die Sache deswegen einfach ruhen...

[R-BgO]

verkauft bis auf ein Erinnerungsstück

[R-BgO]

Energy Transfer Partners and Regency Energy Partners to Merge in an $18 Billion Unit for Unit Transaction

Transaction Expected to be Breakeven to ETP’s Distributable Cashflow in 2015 and Accretive Thereafter

Transaction Expected to be Credit Neutral to ETP’s Investment Grade Ratings and Credit Positive for Regency

While the Industrial Logic for Combination has Always Existed, the Timing for the Merger is Right

This Merger takes ETP to the Next Level and Reinforces its Position As One of the Strongest and Most Diversified Energy Midstream Companies in the U.S.

Transaction Expected to Close in Second Quarter 2015


DALLAS--(BUSINESS WIRE)--Jan. 26, 2015-- Energy Transfer Partners, L.P. (NYSE: ETP) and Regency Energy Partners LP (NYSE: RGP) (“Regency”) today announced they have entered into a definitive merger agreement.

This merger will be a unit-for-unit transaction, plus a one-time cash payment to Regency unit holders, that collectively implies a value for Regency of approximately $18.0 billion, including the assumption of net debt and other liabilities of $6.8 billion. The transaction is expected to close in the second quarter of 2015.

Under the terms of the merger agreement, which has been approved by the Boards of Directors and Conflicts Committees of both ETP and Regency, the unitholders of Regency will receive 0.4066 ETP common units and a cash payment of $0.32 for each common unit of Regency, implying an all-in price for Regency common units of $26.89 per unit based on ETP’s closing price on January 23, 2015. The consideration to be received by Regency common unitholders represents an approximately 13% premium to the closing price of Regency’s common units of $23.75 on January 23, 2015, and an approximately 15% premium to the volume weighted average price of Regency’s common units for the last 3 trading days ending January 23, 2015.

In addition, Energy Transfer Equity, L.P. (NYSE: ETE), which owns the general partner and 100% of the incentive distribution rights (IDRs) of both Regency and ETP, has agreed to reduce the incentive distributions it receives from ETP by a total of $320 million over a five year period. The IDR subsidy will be $80 million in the first year post closing and $60 million per year for the following four years.

The proposed merger has been discussed with the ratings agencies and it is anticipated that the merger will have no impact to ETP’s credit ratings and that Regency’s ratings will be put on review for upgrade.

Pro forma for the merger, ETP will be the second largest MLP and will be well diversified both geographically, with operations in substantially all major producing areas in the United States, and across business lines, with a unique franchise across the energy midstream value chain.

This merger will create substantial cost savings, capital efficiencies and valuable ancillary benefits for both Regency’s and ETP’s unitholders. It will also strengthen the overall growth platform for the combined company.

ETP and Regency expect to capitalize on the full breadth of the combined gathering and processing platforms in several prolific producing regions, including the Permian Basin and Eagle Ford Shale. Among the numerous benefits of this merger is the likelihood of further liquids volume growth for Lone Star, which is ETP and Regency’s NGL joint venture, and also the expected increase in natural gas volumes into ETP’s intrastate pipeline system. The exciting opportunities from this merger include not only the broader midstream footprint in Texas, but also the Marcellus and Utica shale plays in Appalachia, where Regency’s extremely attractive and well-positioned operations and growth projects complement ETP’s Rover interstate gas pipeline (currently under construction), which will create over 3 Bcf/day of natural gas takeaway capacity from these plays. The presence of ETP and Regency in these shales will also be complemented by the significant activity of Sunoco Logistics Partners, L.P, (NYSE: SXL), another member of the Energy Transfer family, as it builds on its asset base in that area. Overall, ETP intends to become a major player in the Marcellus and Utica shales and believes that pro forma this merger, it is ideally positioned to achieve that goal in the near term.

“I am very proud of the entire team at Regency and am honored to have been able to lead some of the finest people in the industry,” said Mike Bradley, Regency’s Chief Executive Officer. “Together, we have built Regency into one of the largest gathering and processing MLPs in the U.S. over the last several years. In light of the current volatility in commodity prices and the changes in the capital markets, it became apparent over the last several months that Regency needed more scale and diversification, along with an investment grade balance sheet, to continue its growth. As a result, the combination with ETP became a logical transaction, as we believe that this merger will create significant immediate and long-term value for our unitholders. The merger will also allow Regency and ETP to consolidate our complementary midstream operations in the Permian and West Texas areas. The ability to bring those operations together under one roof is expected to create tremendous value for the unitholders of the combined partnerships.”

[R-BgO]

Antwort auf Beitrag Nr.: 48.914.216 von R-BgO am 28.01.15 18:24:42

Merger hat geclosed

Energy Transfer Partners and Regency Energy Partners Announce Successful Completion of Merger
Merger Creates Second-Largest MLP with a Unique Diversified Platform

DALLAS--(BUSINESS WIRE)--Apr. 30, 2015-- Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) and Regency Energy Partners LP (NYSE: RGP) (“Regency”) today announced the completion of their previously announced merger of an indirect subsidiary of ETP, with and into Regency, with Regency surviving the merger as a wholly owned subsidiary of ETP.

Effective with the opening of the market today, Regency ceased to be a publicly traded partnership, and its common units discontinued trading on the NYSE.

As part of the merger consideration, each Regency common unit and Class F unit will be converted into the right to receive 0.4124 ETP common units. Based on the RGP units outstanding, ETP issued approximately 172.154 million ETP common units to RGP unitholders, including approximately 15.526 million units issued to ETP subsidiaries. The approximately 1.913 million outstanding Regency Series A preferred units were converted into corresponding new ETP Series A preferred units.

In connection with the transaction, Energy Transfer Equity, L.P. (NYSE: ETE), which owns the general partner and 100% of the incentive distribution rights (IDRs) of ETP, will reduce the incentive distributions it receives from ETP by a total of $320 million over a five-year period. The IDR subsidy will be $80 million in the first year post-closing and $60 million per year for the following four years.

[R-BgO]

bin raus:

So ein Scheiß!

Der deutsche Fiskus läuft wieder mal Amok.

Habe anläßlich umfangreicher Nachbuchungen von comdirect erfahren, dass Monsieur le Schäuble per Schreiben vom 18.1.2016 folgendes erließ:

"Einkommensteuerrechtliche Behandlung der Erträge aus einer Limited Liability Company (LLC), Limited Partnership (LP) oder einer Master Limited Partnership (MLP)

Bestimmte Gesellschaften - beispielsweise in der Rechtsform einer LLC, LP oder einer MLP -, deren Anteile als depotfähige Wertpapiere an einer Börse gehandelt werden, können nach ausländischem Steuerrecht ein Wahlrecht zur Besteuerung als Kapital- oder Personenge- sellschaft haben. Erträge aus solchen Gesellschaften sind für das Steuerabzugsverfahren auch dann als Dividendenerträge i. S. des § 20 Absatz 1 Nummer 1 EStG zu behandeln, wenn nach ausländischem Steuerrecht zur Besteuerung als Personengesellschaft optiert wurde.

Die Anrechnung der ausländischen Quellensteuer findet allein im Veranlagungsverfahren statt. Hinsichtlich der steuerlichen Einordnung beispielsweise einer LLC, LP oder einer MLP als Personengesellschaft oder Kapitalgesellschaft gelten die Grundsätze des BMF-Schreibens vom 19. März 2004 (BStBl I S. 411) unter Berücksichtigung der Ausführungen in Textzif- fer 1.2 des BMF-Schreibens vom 26. September 2014 (BStBl I S. 1258)."


Ergebnis:
Von 100% Distribution lassen die Amis eh' schon nur 60,4% durch und davon tun sich unsere nochmal 26,375% weg. Es bleiben also 34%, die Steuerlast beträgt 76%!.

Von der Anrechnung im Veranlagungsverfahren erwarte ich mir wenig, da in den referenzierten älteren Schreiben ziemlich klar wird, dass die börsennotierten MLP nach deutschem Recht als Körperschaften einzustufen und deswegen keine US-Steuern anzurechnen sind.


Habe inzwischen alles verkauft oder ein Erinnerungsstück behalten bei:

Hi-Crush, Emerge Energy Services, Enbridge Energy Partners, Williams Partners, Energy Transfer Partners (Komplettverkauf)

Northern Tier Energy, Amerigas, Energy Transfer Equity, CONE Midstream, CNX Resources, Enterprise Products, Legacy Reserves, CSI Compressco, USA Compression, Archrock Partners, Buckeye Partners, Blueknight Partners, Boardwalk Pipeline, Alliance Resource Partners, Alliance Holdings, EV Energy Partners, Cheniere Energy Partners, Linn Energy (Erinnerungsstück(e))

Scheinbar ausgenommen vom Problem ist nur Enbridge Energy Management, weil dort nicht die US-Steuer vorabgezogen wird.


Wenigstens sollten die Verluste nun anrechenbar sein...


Werde trotz meiner Skepsis natürlich versuchen, im Anrechnungsverfahren was zu erreichen.

Wie schon gesagt: So ein Scheiß!

[R-BgO]

Sunoco Logistics to Acquire Energy Transfer Partners
Transaction Expected to be Immediately Accretive to SXL Distributable Cash Flow

NEWTOWN SQUARE, Pa. & DALLAS--(BUSINESS WIRE)--Nov. 21, 2016--

Sunoco Logistics Partners L.P. (NYSE: SXL) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that they have entered into a merger agreement providing for the acquisition of ETP by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP unitholder approval and other customary closing conditions.

Under the terms of the transaction, ETP unitholders will receive 1.5 common units of SXL for each common unit of ETP they own. This equates to a 10% premium to the volume weighted average pricing of ETP’s common units for the last 30 trading days immediately prior to the announcement of the transaction.

As SXL will be the acquiring entity, the existing incentive distribution rights provisions in the SXL partnership agreement will continue to be in effect, and Energy Transfer Equity, L.P. (NYSE: ETE) will own the incentive distribution rights of SXL following the closing of the transaction. As part of this transaction, ETE has agreed to continue to provide all the incentive distribution right subsidies that are currently in effect with respect to both partnerships. The transaction is expected to be immediately accretive to SXL’s distributable cash flow per common unit and is also expected to allow the combined partnership to be in position to achieve near-term distribution increases in the low double digits and a more than 1.0x distribution coverage ratio.

The transaction is expected to provide significant benefits for SXL and ETP unitholders as the combined partnership will have increased scale and diversification across multiple producing basins and will have greater opportunities to more closely integrate SXL’s natural gas liquids business with ETP’s natural gas gathering, processing and transportation business. With this transaction, SXL and ETP expect to build upon their experience working together as partners in several joint ventures to pursue commercial opportunities and to achieve cost savings while enhancing the service capabilities for their customers. SXL and ETP expect that the transaction will allow for commercial synergies and costs savings in excess of $200 million annually by 2019.

The transaction is also expected to strengthen the balance sheet of the combined organization by utilizing cash distribution savings to reduce debt and to fund a portion of the growth capital expenditure programs of the two partnerships. ETP and SXL have spent approximately $15 billion in organic growth capital over the past several years, and these expenditures, combined with the completion of other major capital projects currently in progress, are expected to continue to generate strong distributable cash flow growth.

Both ETP and SXL management teams are pleased to be able to bring two strong partnerships together in this strategic transaction that combines the premier crude oil midstream MLP with the premier natural gas midstream MLP. The combined partnership is expected to be the second largest MLP as measured by enterprise value.

At the closing of the transaction, the Chief Executive Officer, Chief Commercial Officer, President and Chief Financial Officer of the combined partnership will be Kelcy Warren, Mackie McCrea, Matt Ramsey and Tom Long, respectively, and it is expected that Mike Hennigan and other members of the SXL management team will continue in leading management roles of the combined company with the SXL business headquartered in Philadelphia.

[R-BgO]

Antwort auf Beitrag Nr.: 53.766.381 von R-BgO am 24.11.16 19:16:21

neue WKN, deswegen

neuer Thread: Energy Transfer Partners

[R-BgO]

clustering historics

[1erhart]

Habe die MODs gerade angepeilt die WKN einpflegen.

Nachdem ich die letzten Beiträge gelesen habe ist das dann auch nichts für mich. Hatte dasselbe erst erlebt mit einer anderen Aktie. Nach der Dividende mit ähnlichen Abschlag habe ich dann mit kleinem Gewinn verkauft.

[1erhart]

Alliance Resource Partners

Diese hatte ich im Depot und nach der ersten Dividendenzahlung als sie korrigiert wurde als der Kurs passte verkauft.