Energy Transfer Equity Reports Quarterly Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) today reported Distributable Cash Flow of $125.2 million for the three months ended March 31, 2011, a decrease of $3.1 million compared to the three months ended March 31, 2010. ETE’s net income attributable to partners was $88.6 million for the three months ended March 31, 2011 as compared to $112.8 million for the three months ended March 31, 2010. For the quarter ended March 31, 2011, ETE raised its cash distribution on its outstanding limited partner interests to $0.56 per limited partner unit ($2.24 annualized), an increase of approximately 3.7%. The cash distribution for the quarter ended March 31, 2011 will be paid on May 19, 2011 to Unitholders of record as of the close of business on May 6, 2011.