Energy Transfer Partners Announces Common Unit Offering

DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has
commenced a public offering of 54,000,000 common units representing
limited partner interests, with a 30-day option for the underwriter to
purchase up to an additional 8,100,000 common units. Net proceeds from
the offering will be used by ETP to repay amounts outstanding under its
revolving credit facilities, to fund capital expenditures and for
general partnership purposes.

ETP expects that the offering will eliminate the need for additional
equity issuances through mid-2018 (excluding offerings under its
distribution reinvestment plan and potential joint venture equity
participations), in order to fund its current portfolio of development
projects.

Barclays Capital Inc. is acting as sole book-running manager for the
offering.

A copy of the preliminary prospectus supplement and accompanying
prospectus relating to the offering may be obtained by contacting
Barclays at:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155
Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email:
[email protected]

You may also obtain these documents for free when they are available by
visiting EDGAR on the Securities and Exchange Commission, or SEC, web
site at www.sec.gov.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of a prospectus and
related prospectus supplement meeting the requirements of Section 10 of
the Securities Act of 1933, as amended. The offering will be made
pursuant to an effective shelf registration statement and prospectus
filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at www.energytransfer.com.

Statements about the offering may be forward-looking statements as
defined under federal law. Forward-looking statements can be identified
by words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “projects,” “should” and other similar expressions. These
forward-looking statements rely on a number of assumptions concerning
future events and are subject to a number of uncertainties and factors,
many of which are outside the control of ETP, and a variety of risks
that could cause results to differ materially from those expected by
management of ETP. Important information about issues that could cause
actual results to differ materially from those expected by management of
ETP can be found in ETP’s public periodic filings with the SEC,
including its Annual Report on Form 10-K. ETP undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operating results over time.

Contacts

Energy Transfer Partners, L.P.
Investor Relations:
Lyndsay
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795
or
Media
Relations:
Vicki Granado, Lisa Dillnger, 214-840-5820