Welcome to our dedicated page for Enterprise Products Partners L.P. news (Ticker: EPD), a resource for investors and traders seeking the latest updates and insights on Enterprise Products Partners L.P. stock.
Enterprise Products Partners L.P. (EPD) stands as one of North America's leading providers of midstream energy services. Operating as a master limited partnership, EPD specializes in the transportation and processing of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. The company's extensive network serves most producing regions across the Lower 48 states, emphasizing its significant presence in the energy sector.
Enterprise Products Partners is particularly dominant in the NGL market, offering a comprehensive range of midstream services across the entire hydrocarbon value chain. This includes gathering, processing, storage, and transportation. The company owns approximately 50,000 miles of pipeline, 260 million barrels of storage capacity for NGLs, crude oil, refined products, and petrochemicals, and 14 billion cubic feet of natural gas storage capacity.
EPD's commitment to innovation and growth is evident in its recent achievements and ongoing projects. The company continuously explores new growth areas and developing markets to enhance its service offerings. This proactive approach has led to the development of several key infrastructure projects aimed at increasing capacity and efficiency. Recent expansions include new pipelines, fractionators, and export facilities, positioning EPD as a critical player in the energy sector.
Financially, Enterprise Products Partners has demonstrated robust performance, characterized by steady revenue streams and a strong balance sheet. The company's reliable cash flow supports its substantial capital expenditure programs and enables regular distribution payments to its unit holders. Strategic partnerships and joint ventures further amplify EPD's operational capabilities and market reach.
Enterprise Products Partners places a high value on human capital, recognizing that its success is driven by its talented workforce. The company offers competitive compensation packages and a comprehensive benefits program, providing employees with the flexibility to tailor benefits to their personal and family needs. EPD actively recruits highly motivated individuals with a passion for success, offering numerous career opportunities across various energy-related fields.
For those interested in joining a dynamic and forward-thinking organization, Enterprise Products Partners provides detailed information about career opportunities, benefits, application processes, and recruiting events on its website. Visit www.enterpriseproducts.com for more information.
Enterprise Products Partners (NYSE: EPD) has announced its participation in the BofA Securities 2024 Global Energy Conference scheduled for Tuesday, November 12, 2024, in Houston, TX. The company has made its latest investor presentation deck available on its website under the Investors tab.
As one of the largest publicly traded partnerships, EPD is a leading North American midstream energy service provider, operating over 50,000 miles of pipelines, more than 300 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity. Their services span natural gas, NGLs, crude oil, refined products, and petrochemicals, including gathering, processing, transportation, storage, and marine terminal operations.
Enterprise Products Partners (NYSE: EPD) has completed Phase 2 of its Texas Western Products system with the opening of a refined products truck terminal in Grand County, Utah. The new facility features 400,000 barrels of storage capacity for gasoline and diesel, with a loading capacity of 20,000 barrels per day. Located with direct access to Interstate 70, it serves markets in eastern Utah and western Colorado. This terminal joins three other facilities opened in 2024 in Texas and New Mexico, bringing the total system capacity to 1.5 million barrels of storage and 63,000 BPD loading capability.
Enterprise Products Partners (EPD) reported strong Q3 2024 financial results with net income of $1.4 billion ($0.65 per unit), up 8% from Q3 2023. Distributable Cash Flow increased 5% to $2.0 billion, with distributions rising 5% to $0.525 per unit. The company achieved record volumes including 7.5 Bcf/d of natural gas processing and 12.8 million BPD of total equivalent pipeline volumes.
Total capital investments were $1.2 billion in Q3, with $1.1 billion for growth projects. Enterprise updated its 2025 organic growth capital investment range to $3.5-4.0 billion, reflecting new opportunities in the Permian Basin following the Piñon Midstream acquisition.
Enterprise Products Partners (NYSE: EPD) has completed its acquisition of Piñon Midstream for $950 million in a debt-free cash transaction. The acquisition expands Enterprise's footprint in the eastern Delaware Basin of Texas and New Mexico, adding natural gas gathering and treating services to its portfolio. This strategic move enhances Enterprise's position as a leading North American midstream energy services provider, complementing its extensive infrastructure network that includes over 50,000 miles of pipelines, 300 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity.
1PointFive and Enterprise Products Partners (NYSE: EPD) have announced an agreement to develop a carbon dioxide transportation network supporting the Bluebonnet Sequestration Hub in southeast Texas. Under the Transportation Services Agreement, Enterprise will develop a new pipeline network co-located with existing infrastructure to transport CO2 emissions from facilities near the Houston Ship Channel to the sequestration hub. The project recently received funding from the U.S. Department of Energy. The partnership combines 1PointFive's CO2 management expertise with Enterprise's midstream experience to provide decarbonization solutions for industrial customers.
Enterprise Products Partners L.P. (NYSE: EPD) has announced a quarterly cash distribution of $0.525 per unit for the third quarter of 2024, payable on November 14, 2024, to unitholders of record as of October 31, 2024. This represents a 5.0% increase over the distribution declared for Q3 2023.
The company repurchased $76 million of its common units in Q3 2024, bringing the total repurchases for the first nine months of 2024 to $156 million and $252 million for the last twelve months. Enterprise has now repurchased approximately $1.1 billion of common units under its authorized $2.0 billion buyback program.
Enterprise will announce its Q3 2024 earnings on October 29, 2024, followed by a conference call at 9 a.m. CDT. The call will be webcast live on the company's website.
Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in two upcoming investor conferences. The company will attend the MUFG Energy Conference in New York City on September 5, 2024, and the NYSE Virtual Investor Access event on September 10, 2024. Investors can access the latest investor deck on the Enterprise website under the Investors tab.
Enterprise Products Partners is a leading North American provider of midstream energy services, with extensive assets including over 50,000 miles of pipelines, 300 million barrels of storage capacity for various products, and 14 billion cubic feet of natural gas storage capacity. The company offers services in natural gas, NGLs, crude oil, refined products, and petrochemicals, as well as marine transportation on key U.S. waterways.
Enterprise Products Partners L.P. (NYSE: EPD) has announced a definitive agreement to acquire Piñon Midstream, a natural gas gathering and treating services provider in the Delaware Basin, for $950 million in cash. The acquisition includes:
- 50 miles of natural gas pipelines
- Five 3-stage compressor stations
- 270 MMcf/d of treating facilities, expanding to 450 MMcf/d by 2025
- Two high-capacity acid gas injection wells
Enterprise expects this acquisition to generate $0.03 per unit in distributable cash flow accretion in 2025. The transaction is set to close in Q4 2024, subject to regulatory approvals.
Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in the Citi One-on-One Midstream & New Energy Infrastructure Conference on August 13-14, 2024, in Las Vegas. The company's latest investor deck will be available on its website. Enterprise Products Partners is a leading North American provider of midstream energy services, offering natural gas, NGL, crude oil, and petrochemical services.
The partnership's extensive assets include over 50,000 miles of pipelines, 300 million barrels of storage capacity for various products, and 14 billion cubic feet of natural gas storage capacity. As one of the largest publicly traded partnerships, Enterprise Products Partners plays a important role in the energy infrastructure sector.
Enterprise Products Partners L.P. (NYSE:EPD) has announced that its operating subsidiary, Enterprise Products Operating , has priced a $2.5 billion public offering of senior notes. The offering comprises:
1. $1.1 billion of senior notes due February 15, 2035, with a 4.95% fixed-rate interest coupon
2. $1.4 billion of senior notes due February 16, 2055, with a 5.55% fixed-rate interest coupon
The proceeds will be used for general company purposes, growth capital investments, and debt repayment, including the potential full repayment of $1.15 billion 3.75% Senior Notes due in February 2025. The settlement is expected on August 8, 2024, subject to customary closing conditions. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.
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