SOURCE: QR Energy

QR Energy

April 25, 2013 07:30 ET

QR Energy Announces Quarterly Cash Distribution and First Quarter 2013 Earnings and Outlook Conference Call

HOUSTON, TX--(Marketwired - Apr 25, 2013) - QR Energy, LP ("QRE" or "QR Energy") (NYSE: QRE) announced today that the Board of Directors of its general partner has approved a cash distribution attributable to the first quarter of 2013 of $0.4875 per unit for all outstanding units. This represents an annualized distribution of $1.95 per unit.

The distribution will be payable on May 15, 2013 to unitholders of record at the close of business on May 8, 2013.

QR Energy also announced that it expects to issue its earnings release for the first quarter of 2013 before the market opens on May 8, 2013. In conjunction with the earnings release, management will host a live webcast and conference call on May 8 at 9 a.m. central time to discuss QRE's financial results and outlook.

Interested parties may join the webcast by visiting QR Energy's Investor Relations website at http://ir.qrenergylp.com or the conference call by dialing (877) 861-4516 or (706) 679-6295 five minutes before the call begins and providing the conference ID 48701001.

The webcast will be available on QR Energy's Investor Relations website at http://ir.qrenergylp.com for 14 days following the call and a telephonic replay will be available for 7 days following the call by dialing (855) 859-2056 or (404) 537-3406 and providing the conference ID 48701001.

About QR Energy, LP

QR Energy is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. 

Withholding Information

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of QR Energy's distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, QR Energy's distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of federal securities laws. QR Energy believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this press release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations. For a more complete list of these risk factors, please read QR Energy's filings with the Securities and Exchange Commission ("SEC"), which are available on QR Energy's Investor Relations website at http://ir.qrenergylp.com or on the SEC's website at www.sec.gov.

Contact Information

  • Investor Contacts

    Taylor B. Miele
    Investor Relations Manager
    (713) 452-2990

    Cedric W. Burgher
    Chief Financial Officer
    (713) 452-2200