Business Context and Reporting Period
This Form 8-K filing by Energy Transfer Equity, L.P. (the "Partnership") was submitted on October 23, 2013. The report discloses a corporate action approved by the Board of Directors regarding the quarterly cash distribution for the period ended September 30, 2013.
Key Financial Metrics
The filing focuses exclusively on distribution metrics rather than operational financial performance.
- Quarterly Distribution: $0.6725 per common unit.
- Annualized Distribution: $2.69 per common unit.
- Payment Date: November 19, 2013.
- Record Date: November 4, 2013.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The Board of Directors approved an increase in the Partnership's cash distribution to $0.6725 per unit for the quarter ended September 30, 2013. The filing does not explicitly state the prior distribution amount to quantify the percentage increase.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The document serves strictly to announce the distribution increase and payment schedule.
Investor Verification Checklist
- Verify the record date of November 4, 2013, to ensure eligibility for the upcoming payment.
- Confirm the payment date of November 19, 2013, for cash flow planning.
- Review the referenced press release (Exhibit 99.1) for the specific prior distribution amount to calculate the exact growth rate.
- Note that the press release information is "furnished" and not "filed" under Section 18 of the Exchange Act.