Business Context and Reporting Period
This Form 8-K is a current report filed by Energy Transfer Equity, L.P. on July 24, 2014. The filing discloses a corporate action approved by the Board of Directors regarding the quarterly cash distribution for the period ended June 30, 2014.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data point disclosed is the distribution rate:
- Quarterly Distribution: $0.38 per common unit.
- Annualized Distribution: $1.52 per common unit.
Material Changes
The Board of Directors approved an increase in the cash distribution to $0.38 per unit for the quarter ended June 30, 2014. The filing text does not explicitly state the prior distribution amount to quantify the percentage increase.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard disclosure that the press release is "furnished" and not "filed" under Section 18 of the Exchange Act.
Important Facts for Investor Verification
- Payment Date: The distribution is scheduled to be paid on August 19, 2014.
- Record Date: Unitholders must be of record as of the close of business on August 4, 2014, to receive the payment.
- Source of Data: The distribution details are based on a press release (Exhibit 99.1) incorporated by reference.
- Missing Data: The filing does not provide the previous quarter's distribution rate or the total number of units outstanding to calculate the total payout.