DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE:ETP) and Energy Transfer Equity, L.P. (NYSE:ETE) today announced that the Board of Directors of each partnership has approved quarterly distributions for the quarter ended September 30, 2009.

ETP’s Board of Directors has approved a quarterly distribution of $0.89375 per unit ($3.575 annualized) on ETP common units for the quarter ended September 30, 2009. The cash distribution will be paid on November 16, 2009 to Unitholders of record as of the close of business on November 9, 2009. The distribution rate is unchanged from the distribution paid for the quarter ended June 30, 2009.

“We continue to have a strong liquidity position and solid cash flows as a result of our extensive pipeline network and well-diversified asset base, which has been further strengthened by the Texas Independence Pipeline and the second zone of the MidContinent Express Pipeline that were placed in service in the third quarter of 2009,” said Martin Salinas, Chief Financial Officer of Energy Transfer Partners. “We have felt the impact of lower natural gas prices and weaker price differentials mainly across Texas. As a result, we decided to keep our quarterly distribution rate at $0.89375 per common unit. We are encouraged by recent increases in natural gas prices and expected volume throughput on our pipeline system, and we will continue to assess the growth in our cash distribution rate while managing our financial objectives.”

ETE’s Board of Directors has approved a quarterly distribution of $0.535 per unit ($2.14 annualized) on ETE’s outstanding common units for the quarter ended September 30, 2009. The distribution will be paid on November 19, 2009 to Unitholders of record as of the close of business on November 9, 2009. The distribution rate is unchanged from the distribution paid for the quarter ended June 30, 2009.

Both partnerships expect to release earnings for the quarter ended September 30, 2009 on Monday, November 9, 2009. ETP and ETE will conduct a joint conference call on Tuesday, November 10, 2009 at 9:00 a.m. Central Time to discuss its quarterly results. The conference call will be broadcast live via an internet web cast, which can be accessed through www.energytransfer.com. The call will also be available for replay on Energy Transfer’s web site for a limited time.