|
EOTT Energy Partners, L.P. Declares Regular Quarterly Cash Distribution
FOR IMMEDIATE RELEASE: Tuesday, July 16, 1996
Houston -- The Board of Directors of EOTT Energy Corp., the general partner of EOTT Energy Partners, L.P., today declared the Partnership's regular quarterly cash distribution of $0.475 per unit for the second quarter of 1996, or $1.90 on an annualized basis. The second quarter distribution is payable August 14, 1996, to unitholders of record as of July 31, 1996.
The partnership also will be making a full, second quarter distribution on the subordinated units held by the general partner. These distributions previously had been suspended during 1995.
"We are especially pleased with the continuing improvement in our company's performance which has enabled us not only to fund cash distribution to common unitholders, but also to resume our payments to the subordinated units," said Philip J. Hawk, president and CEO of EOTT Energy Corp. "We hope to maintain that momentum through the remainder of the year and going forward."
EOTT Energy Partners, L.P. is a major marketer of crude oil in the United States and Canada and is a domestic marketer of refined products. Together with its predecessors, the Partnership has been serving the petroleum industry since 1946. Both EOTT Energy Corp. and the Partnership are headquartered in Houston, Texas. EOTT Energy Partners, L.P. trades on the New York Stock Exchange under the symbol "EOT."
For additional information please contact:
A. H. Davis
(713) 853-6941
 |
