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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 1, 2003
(Date of Earliest Event Reported: May 1, 2003)
EL PASO ENERGY PARTNERS, L.P.
(Exact name of Registrant as specified in its charter)
Delaware 1-11680 76-00396023
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
4 Greenway Plaza
Houston, Texas 77046
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (832) 676-2600
Item 5. Other Events
------------
On May 1, 2003, El Paso Energy Partners, L.P. announced that
effective May 15, 2003 it will change its name to GulfTerra Energy
Partners, L.P. and begin trading on the New York Stock Exchange
under the symbol "GTM". A copy of our press release is attached
as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements, ProForma Financial Information
and Exhibits
--------------------------------------------------------
(c) Exhibits.
Exhibit
Number Description
-------- ------------
99.1 Press Release dated May 1, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
EL PASO ENERGY PARTNERS, L.P.
By: El Paso Energy Partners Company
Its General Partner
By: /s/ Kathy A. Welch
--------------------------
Kathy A. Welch
Vice President and Controller
(Principal Accounting Officer)
Date: May 1, 2003
EXHIBIT INDEX
Exhibit
Number Description
-------- -----------
99.1 Press Release dated May 1, 2003.
EXHIBIT 99.1
For Immediate Release
EL PASO ENERGY PARTNERS, L.P. CHANGES NAME TO
GULFTERRA ENERGY PARTNERS, L.P.
HOUSTON, TEXAS, MAY 1, 2003-El Paso Energy Partners, L.P.
(NYSE:EPN), the third-largest master limited partnership in the
United States at year end 2002 by total assets, today introduced
its new name and stock ticker symbol. Effective May 15, the
partnership will begin doing business under the name GulfTerra
Energy Partners, L.P. and will begin trading on the New York
Stock Exchange under the symbol "GTM." In addition, the company
will be identified by a new logo, shown below.
"GulfTerra Energy Partners is a new name that reflects the
increased size and scope of the partnership's midstream
operations, both offshore and onshore, and is an important
element in our publicly stated plan to improve our corporate
governance model," said Robert G. Phillips, chairman and chief
executive officer of El Paso Energy Partners. "In February 2003,
we announced a number of initiatives designed to position the
partnership as a stand-alone entity including early compliance
with new requirements established by the NYSE and the Sarbanes-
Oxley Act of 2002 regarding corporate governance. Many of the
initiatives we are in the process of implementing are more fully
described in our 2002 Form 10-K and include, among other things:
expanding the number of independent board members, reorganizing
our structure, and changing our name. We are pleased to complete
this important step in our strategy to enable investors to more
clearly distinguish the partnership's assets, businesses, and
growth opportunities from our indirect general partner, El Paso
Corporation (NYSE:EP)."
Additionally, Mr. Phillips stated, "The GulfTerra name and
logo symbolize both the origins of the partnership in the Gulf of
Mexico on our ten-year anniversary and the expanded nature of our
industry-leading midstream assets in key onshore supply basins
across the United States. GulfTerra also signifies the
partnership's geographic diversity, financial strength, and fully
integrated midstream service portfolio that will allow us to
capitalize on growth opportunities and deliver superior
performance in the future."
El Paso Energy Partners, L.P. is one of the largest publicly
traded master limited partnerships with interests in a
diversified set of midstream assets, including onshore and
offshore natural gas and oil pipelines; offshore production
platforms; natural gas storage and processing facilities; and
natural gas liquids fractionation, transportation, storage and
terminal assets. Visit El Paso Energy Partners on the Web at
www.elpasopartners.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements and
projections, made in reliance on the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. The
partnership has made every reasonable effort to ensure that the
information and assumptions on which these statements and
projections are based are current, reasonable, and complete.
However, a variety of factors, including the integration of
businesses acquired in 2002 and generation of expected revenues
from the partnership's existing projects, recent expansion
projects, greenfield projects, status of Deepwater Trend Projects
in the Gulf of Mexico, and general economic and weather
conditions in geographic regions or markets served by El Paso
Energy Partners and its affiliates, or where operations of the
partnership are located, could cause actual results to differ
materially from the projections, anticipated results or other
expectations expressed in this release. While the partnership
makes these statements and projections in good faith, neither the
partnership nor its management can guarantee that the anticipated
future results will be achieved. Reference should be made to the
partnership's (and its affiliates') Securities and Exchange
Commission filings for additional important factors that may
affect actual results.
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Contacts:
Communications &
Government Affairs Investor Relations
Norma F. Dunn Sandra M. Ryan
Senior Vice President Director
Office: (713) 420-3750 Office: (832) 676-5371
Fax: (713) 420-3632 Fax: (832) 676-1195