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JP Energy Partners Completes Acquisition of Southern Propane, Inc.

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JP Energy Partners LP (“JPE”) (NYSE:JPEP) announced today that it has completed the previously announced acquisition of substantially all of the assets of Southern Propane Inc. (“Southern”), a Houston-based industrial and commercial propane distribution and logistics company.

The $14.9 million acquisition is expected to be immediately accretive to JP Energy’s distributable cash flow per unit and was funded from JP Energy’s revolving credit facility and the issuance of approximately 267,000 JPEP units.

“We are pleased to complete this acquisition which strategically extends our current operations,” said J. Patrick Barley, CEO of JP Energy. “We will continue to evaluate bolt-on acquisitions that are accretive for our unit holders and create value for our customers.”

About JP Energy Partners LP

JP Energy Partners LP (JPEP) is a publicly traded, growth-oriented limited partnership that owns, operates, develops and acquires a diversified portfolio of midstream energy assets. Our operations currently consist of: (i) crude oil pipelines and storage; (ii) crude oil supply and logistics; (iii) refined products terminals and storage; and (iv) NGL distribution and sales, which together provide midstream infrastructure solutions for the growing supply of crude oil, refined products and NGLs in the United States. To learn more, please visit our website at

Forward looking statements

This press release may include forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will” and “expect” and involve risks and uncertainties including, among others, that JPE’s business plans may change as circumstances warrant. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in each of JPE’s documents and reports filed with the Securities and Exchange Commission. Any forward-looking statement applies only as of the date on which such statement is made and JPE undertakes no obligation and does not intend to correct or update these forward-looking statements to reflect events or circumstances occurring after this press release except as required by law. You are cautioned not to place undue reliance on these forward-looking statements.

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