Regency Energy Partners Announces Cash Distribution of 46 Cents Per Outstanding Common Unit
DALLAS--(BUSINESS WIRE)-- Regency Energy Partners LP (RGP), (Regency or the Partnership), announced today a cash distribution of 46 cents per outstanding common unit for the first quarter ended March 31, 2012. The distribution will be paid on May 14, 2012, to unitholders of record at the close of business on May 7, 2012. This distribution is equivalent to $1.84 per outstanding common unit on an annual basis.
Under the terms of the Series A Preferred Units, a quarterly cash distribution of 44.5 cents per unit for the first quarter ended March 31, 2012, will be paid on the same schedule as set forth above.
Regency expects to release its first quarter 2012 earnings results on Tuesday, May 8, 2012, after the market closes and will hold a conference call on Wednesday, May 9, 2012, at 10 a.m. Central Time (11 a.m. Eastern Time) to discuss these results.
The dial-in number for the call is 1-866-831-6247 in the United States, or +1-617-213-8856 outside the United States, passcode 56916360. A live webcast of the call may be accessed on the Investor Relations page of Regencys website at www.regencyenergy.com. The call will be available for replay for seven days by dialing 1-888-286-8010 (from outside the U.S., 617 801.6888) passcode 19141683. A replay of the broadcast will also be available on the Partnerships website for 30 days.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of Regencys distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, Regencys distributions to foreign investors are subject to federal income tax withholding at a rate of 35 percent.
This release contains forward-looking statements, which are any statements that do not relate strictly to historical facts. The words anticipate, believe, continue, estimate, expect, forecast, goal, intend, may, plan, project, will or similar expressions help identify forward-looking statements. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions, which include, but are not limited to, the risks, uncertainties and assumptions enumerated in our Forms 10-Q and 10-K as filed with the Securities and Exchange Commission. Although we believe our forward-looking statements are based on reasonable assumptions, current expectations and projections about future events, we cannot give assurances that such assumptions, expectations and projections will prove to be correct. Therefore, actual results and outcomes may differ materially from those expressed in such forward-looking statements. We undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Regency Energy Partners LP is a growth-oriented, master limited partnership engaged in the gathering and processing, contract compression, contract treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids. Regency's general partner is owned by Energy Transfer Equity, L.P. . For more information, visit Regencys website at www.regencyenergy.com.
Regency Energy Partners
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
Granado Communications Group
Vicki Granado, 214-599-8785
Source: Regency Energy Partners LPCopyright Business Wire 2012