Printer Friendly
The Free Library
5,671,890 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Duncan Energy Partners Declares Initial Quarterly Cash Distribution.


HOUSTON -- Duncan Energy Partners L.P. (NYSE NYSE

See: New York Stock Exchange
:DEP DEP Deposit
DEP Deputy
DEP Department of Environmental Protection
DEP Dependent
DEP Departure
DEP Depot
DEP Deposition
DEP deployed (US DoD)
DEP Data Execution Prevention (computer security) 
) today announced that the board of directors of its general partner declared an initial quarterly cash distribution to partners of $0.40 per common unit, or $1.60 per unit on an annual basis. The initial distribution will be prorated for the portion of the fiscal quarter from the closing date of the initial public offering, beginning on February 5, 2007 to the end of the quarter on March 31, 2007, as described in the prospectus. The amount of the prorated distribution for the 55-day period is $0.244 per common unit and will be paid on May 9, 2007, to unitholders of record as of the close of business on April 30, 2007.

Duncan Energy Partners will announce its earnings for the first quarter of 2007 on Thursday, April 26, 2007, before the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 opens for trading. The company will host a conference call at 2 p.m. CDT with analysts and investors to discuss first quarter earnings. The call will be broadcast live over the Internet and may be accessed at the company's website, www.deplp.com.

To access the webcast, participants should visit the "Investor Resources" section of the company's website at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and can be accessed one hour after the completion of the call.

Duncan Energy Partners L.P. is a publicly traded partnership Publicly Traded Partnership

A limited partnership that also has interests traded in the equity securities market.

Notes:
This is also known as a master limited partnership.
See also: Master Limited Partnership, Partnership, Public Company
 that provides midstream energy services, including gathering, transportation, marketing and storage of natural gas, in addition to transportation and storage of natural gas liquids (NGLs) and petrochemicals. DEP's assets, located primarily in the Gulf Coast region of Texas and Louisiana, include interests in more than 1,000 miles of natural gas pipelines with a transportation capacity of approximately 1 billion cubic feet per day; nearly 600 miles of NGL NGL - A dialect of IGL.  and petrochemical pipelines featuring access to the world's largest fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun)
1. in radiology, division of the total dose of radiation into small doses administered at intervals.

2.
 complex at Mont Belvieu, Texas Mont Belvieu is a city in Chambers County, Texas, United States. It is just north of Interstate 10 along State Highway 146. The population was 2,324 at the 2000 census. Geography
Mont Belvieu is located at  (29.860242, -94.
; and 33 underground salt dome caverns with about 100 million barrels of NGL storage capacity.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 16, 2007
Words:361
Previous Article:Enterprise GP Holdings L.P. Declares Quarterly Distribution.
Next Article:Dr. William Purves Joins the Val Verde Technical Team.
Topics:



Related Articles
Pacific Energy Partners, L.P. Declares Cash Distribution for Third Quarter 2005.
Regency Energy Partners LP Announces Prorated Cash Distribution: Invites Investors to First Quarter 2006 Earnings Call.
Enterprise Subsidiary Files Registration Statement.
BreitBurn Energy Partners L.P. Announces Cash Distribution.
Enterprise Announces Launch of Duncan Energy Partners L.P. IPO.
Duncan Energy Partners L.P. Prices Initial Public Offering.
Duncan Energy Partners L.P. Sells Additional Units.
EV Energy Partners, L.P. Announces Closing of Monroe Field Acquisition and Anticipated Distribution Increase: Schedules Fourth Quarter 2006 Earnings...
Cheniere Energy Partners Declares Initial Prorated Quarterly Distribution of $0.028.
Duncan Energy Partners Reports First Quarter Results.(Financial report)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles