Energy Transfer Partners LP announced it has commenced exchange offers to exchange any and all of the 7.60% Senior Notes due 2024 (CUSIP 844030AA4), 8.25% Senior Notes due 2029 (CUSIP 844030AC0) and Junior Subordinated Notes due 2066 (CUSIP 844030AH9) issued by Southern Union Company for ETP's new 7.60% Senior Notes due 2024, 8.25% Senior Notes due 2029 and Floating Rate Junior Subordinated Notes due 2066, respectively, each with registration rights. ETP, on behalf of its indirect, wholly-owned subsidiary Southern Union, is also soliciting consents to amend the indentures governing each series of Existing Notes to remove substantially all of the restrictive covenants and certain events of default and modify certain provisions. Existing Notes tendered at or prior to 5:00 p.m., New York City time, on May 30, 2013 will be eligible to receive the exchange consideration plus an early participation premium. After the Early Participation and Consent Date, but at or before the Expiration Date, Existing Notes tendered will be eligible to receive only the exchange consideration. The Exchange Offers will expire at 11:59 p.m., New York City time, on June 13, 2013, unless extended or earlier terminated by ETP. Tenders submitted in the Exchange Offers may be validly withdrawn at any time at or prior to the Early Participation and Consent Date, but will thereafter be irrevocable unless withdrawal rights are subsequently required by law. Eligible holders should refer to the offering memorandum and consent solicitation statement dated May 16, 2013 for further details and the terms and conditions of the Exchange Offers and Consent Solicitations. The Exchange Offers and Consent Solicitations are subject to a number of conditions, including, with respect to the New Senior Notes, the valid receipt of consents from the holders of at least a majority of the outstanding aggregate principal amount of both series of Existing Senior Notes and, with respect to the New Junior Subordinated Notes, valid receipt of consents from the holders of at least a majority of the outstanding aggregate principal amount of each series of Existing Notes.

Energy Transfer Partners LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $10,854 million, operating income of $534 million, income from continuing operations before income tax expense of $405 million, income from continuing operations of $402 million, net income of $424 million and net income attributable to partners of $322 million compared to revenues of $1,323 million, operating income of $209 million, income from continuing operations before income tax expense of $1,091 million, income from continuing operations of $1,089 million, net income of $1,088 million and net income attributable to partners of $1,115 million a year ago. Income from continuing operations per diluted limited partner unit was $0.60 compared to $4.36 a year ago. Net income per diluted limited partner unit was $0.63 compared to $4.35 a year ago. Adjusted EBITDA was $956 million compares to $494 million a year ago. Distributable Cash Flow for the three months ended March 31, 2013 totaled $622 million, an increase of $351 million compared to the same period last year. The decrease of income from continuing operations was primarily due to the recognition of a $1.06 billion gain as a result of the contribution of ETP's Propane Business in January 2012. The increases in Adjusted EBITDA and Distributable Cash Flow were primarily due to strategic acquisitions in 2012. Total capital expenditures were $486 million. Maintenance capital expenditures were $51 million compared to $24 million for the same period a year ago. For the growth capex, the company invested $435 million on a consolidated basis. That includes $136 million at Sunoco Logistics. For the full year 2013, the company expects total growth capex of $1.6 billion to $1.9 billion on a consolidated basis. That includes $635 million to $735 million at Sunoco Logistics. For the full year, The company expects to spend $345 million to $405 million on capex, which includes roughly $60 million to $70 million again at asset sale. The company announced that growth capex on a standalone basis is expected to be $865 million to $980 million for the full year 2013, and the company expects to invest $130 million to $170 million at Southern Union and Sunoco retail margin in operations.

Energy Transfer Partners LP announced that they will report Q1, 2013 results After-Market on May 08, 2013