 |
EOTT ENERGY PARTNERS, L.P. DECLARES REGULAR QUARTERLY CASH DISTRIBUTION
FOR IMMEDIATE RELEASE: Monday, September 30, 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 third quarter of 1996, or $1.90 on an annualized basis. The third quarter distribution is payable November 14, 1996, to unitholders of record as of October 31, 1996.
Due to continuing improved earnings and cash flow, this is the second consecutive quarter in which the Partnership will be making a full, quarterly distribution on the subordinated units held by the general partner, which temporarily had been suspended during 1995.
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. The common units of EOTT Energy Partners, L.P. trade on the New York Stock Exchange under the symbol "EOT."
For additional information please contact:
A. H. Davis
(713) 853-6941
|
