Energy Transfer Equity - US-Pipeline MLP General Partner (Seite 5)

[R-BgO]

ENERGY TRANSFER EQUITY REPORTS QUARTERLY AND ANNUAL RESULTS
DALLAS, TEXAS — February 18th, 2010 — Energy Transfer Equity, L.P. (NYSE:ETE) today reported Distributable Cash Flow of $128.2 million and net income of $242.1 million for the three months ended December 31, 2009. Distributable Cash Flow is a “non-GAAP measure” as explained below.

For the three months ended December 31, 2009, ETE’s Distributable Cash Flow was $128.2 million, an increase of $13.3 million over the three months ended December 31, 2008. For the year ended December 31, 2009, ETE’s Distributable Cash Flow was $494.4 million, an increase of $61.3 million over the year ended December 31, 2008.

ETE’s net income attributable to its partners increased $117.0 million for the three months ended December 31, 2009 to $139.6 million as compared to $22.6 million for the three months ended December 31, 2008. Net income attributable to its partners increased $67.4 million for the year ended December 31, 2009 to $442.5 million as compared to $375.0 million for the year ended December 31, 2008.

Distributable Cash Flow previously presented in ETE’s press releases was reduced by contributions made to Energy Transfer Partners, L.P. (“ETP”) to maintain ETE’s general partner interest at 2%. In July 2009, ETP amended and restated its partnership agreement and as a result, ETE is no longer required to maintain a 2% general partner interest. Consequently, ETE’s capital contributions to ETP have been removed from the calculation of Distributable Cash Flow.

The Partnership’s principal sources of cash flow are distributions it receives from its investments in the limited and general partner interests in ETP, including 100% of ETP’s incentive distribution rights and approximately 62.5 million of ETP’s Common Units. ETE currently has no operating activities apart from those conducted by ETP and its operating subsidiaries. ETE’s principal uses of cash are for distributions to its general and limited partners, expenses, debt service and, at ETE’s election, capital contributions to ETP in respect of ETE’s general partner interest in ETP.

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.

[R-BgO]

negatives EK, aber 7,4% Dividendenrendite