Business Context and Reporting Period
This Form 8-K is filed by Energy Transfer Equity, L.P. (the "Partnership") on October 31, 2008. The report serves to disclose a press release issued on the same date regarding Energy Transfer Partners, L.P. (ETP) and the Partnership's quarterly distribution.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The report references a press release (Exhibit 99.1) which contains the details of the re-affirmed 2008 EBITDA guidance and the specific amount of the cash distribution for the quarter ended September 30, 2008, but these figures are not included in the body of this 8-K.
Material Changes
No material changes to financial performance or operations are detailed within the text of this filing. The document acts as a conduit for information contained in the attached press release.
Guidance, Outlook, and Management Commentary
- EBITDA Guidance: Energy Transfer Partners, L.P. re-affirmed its 2008 EBITDA guidance.
- Distribution: The Board of Directors approved a cash distribution for the quarter ended September 30, 2008.
- Regulatory Status: The information regarding the press release is deemed "furnished" and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for the specific numerical value of the re-affirmed 2008 EBITDA guidance.
- Verify the exact per-unit cash distribution amount approved for the quarter ended September 30, 2008.
- Confirm the payment date and record date for the announced distribution.