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. |
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