Business Context and Reporting Period
This Form 8-K is a current report filed by Energy Transfer Equity, L.P. on January 27, 2011. The filing discloses a corporate action approved by the Board of Directors regarding cash distributions for the quarter ended December 31, 2010.
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 quarterly cash distribution.
- Quarterly Distribution: $0.54 per common unit.
- Annualized Distribution: $2.16 per common unit.
- Payment Date: February 18, 2011.
- Record Date: February 7, 2011.
Material Changes
The Board of Directors approved an increase in the Partnership's cash distribution for the quarter ended December 31, 2010. The filing text does not explicitly state the prior distribution amount to quantify the percentage increase.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of specific 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 amount of the previous quarterly distribution to calculate the precise percentage increase.
- Confirm the record date (February 7, 2011) and payment date (February 18, 2011) for dividend eligibility.
- Review the full text of the press release (Exhibit 99.1) for any additional context regarding the distribution increase that is not summarized in the 8-K body.