Business Context and Reporting Period
This Form 8-K is a current report filed by Energy Transfer Equity, L.P. on October 21, 2014. The filing discloses a corporate action approved by the Board of Directors regarding the quarterly cash distribution for the quarter ended September 30, 2014.
Key Financial Metrics
The filing focuses exclusively on distribution metrics and does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
- Quarterly Distribution: $0.415 per unit.
- Annualized Distribution: $1.66 per unit.
- Payment Date: November 19, 2014.
- Record Date: November 3, 2014.
Material Changes
The Board of Directors approved an increase in the cash distribution to $0.415 per unit. The filing text does not explicitly state the prior distribution amount to quantify the percentage increase, though it characterizes the action as an increase.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document serves solely to announce the distribution increase and payment schedule. The press release referenced in Exhibit 99.1 is deemed "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record date of November 3, 2014, to ensure eligibility for the upcoming payment.
- Confirm the payment date of November 19, 2014, for cash flow planning.
- Review the referenced press release (Exhibit 99.1) for the specific prior distribution amount to calculate the exact percentage increase.
- Check subsequent filings for any updates to the annualized distribution rate of $1.66.