Business Context and Reporting Period
This Form 8-K is a current report filed by Energy Transfer Equity, L.P. on January 28, 2010. The filing discloses a corporate action approved by the Board of Directors regarding the cash distribution for the quarter ended December 31, 2009.
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: $0.54 per common unit.
- Annualized Distribution: $2.16 per common unit.
- Payment Date: February 19, 2010.
- Record Date: February 8, 2010.
Material Changes
The Board of Directors approved an increase in the quarterly cash distribution compared to the prior period. The filing text does not explicitly state the previous distribution amount, only that an increase was approved.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, 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.
Investor Verification Checklist
- Verify the exact previous quarterly distribution amount to quantify the percentage increase.
- Confirm the record date (February 8, 2010) and payment date (February 19, 2010) for dividend eligibility.
- Review the full text of the press release (Exhibit 99.1) for any additional context on the distribution increase not included in the 8-K summary.