Exhibit 99.1
ENERGY TRANSFER PARTNERS, L.P. COMMON UNITHOLDERS APPROVE
MERGER WITH ENERGY TRANSFER EQUITY, L.P.
Combined partnership’s common units to trade under ticker symbol “ET”
DALLAS, October 18, 2018 – Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) and Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) announced today that at a special meeting of ETP common unitholders held earlier today, ETP’s common unitholders voted to approve and adopt the Agreement and Plan of Merger dated as of August 1, 2018 (the “Merger Agreement”), pursuant to which ETP will merge with ETE (“the merger”).
Approximately 98.2% of the total ETP common units that were voted at the special meeting voted in favor of the merger. With a quorum voting, the Merger Agreement and merger were approved and adopted by the common unitholders.
The merger is expected to close on October 19, 2018. Following the closing, ETE will change its name to “Energy Transfer LP” and its common units are expected to begin trading on the New York Stock Exchange under the “ET” ticker symbol on Friday, October 19, 2018. In addition, ETP will change its name to “Energy Transfer Operating, L.P.” ETP’s Series C preferred units and Series D preferred units will continue to be listed on the NYSE under the symbols “ETPprC” and “ETPprD”, respectively.
About the Partnerships
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, ETP’s operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ETP’s general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit the ETP website atwww.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company and the general partner of USA Compression Partners, LP (NYSE: USAC). On a consolidated basis, ETE’s family of companies owns and operates a diverse portfolio of natural gas, natural gas liquids, crude oil and refined products assets, as well as retail and wholesale motor fuel operations and LNG terminalling. For more information, visit the ETE website atwww.energytransfer.com.
Forward-Looking Statements
This press release includes “forward-looking” statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions help identify forward-looking statements. ETE and ETP cannot give any assurance that expectations and projections about future events will prove to be correct. Forward-looking
