Enterprise Declares Quarterly Distribution

Rhea-AI Summary

Enterprise Products Partners L.P. (NYSE: EPD) has announced a quarterly cash distribution of $0.535 per unit for Q1 2025, representing a 3.9% increase from Q1 2024. The distribution, equating to $2.14 per unit annually, will be paid on May 14, 2025, to unitholders of record as of April 30, 2025.

The company repurchased $60 million of common units during Q1 2025, utilizing approximately 60% of its authorized $2.0 billion buyback program. EPD will announce Q1 2025 earnings on April 29, 2025, followed by an analyst conference call.

Enterprise Products Partners operates as a leading North American midstream energy services provider, managing over 50,000 miles of pipelines, 300+ million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity.

Positive

• Quarterly distribution increased by 3.9% year-over-year
• Active $60 million unit buyback demonstrates commitment to shareholder returns
• Strong progress on buyback program with 60% of $2.0 billion authorization utilized

Negative

• None.

Insights

Financial Analyst

Enterprise Products Partners' announcement of a $0.535 quarterly distribution represents a 3.9% year-over-year increase, bringing the annualized distribution to $2.14 per unit. At the current unit price of $29.80, this translates to an attractive forward yield of approximately 7.18% - a compelling proposition for income-focused investors in today's market.

The partnership's dual capital return strategy is particularly noteworthy. While increasing distributions, EPD simultaneously repurchased $60 million of common units during Q1 2025, having now utilized 60% of its authorized $2.0 billion buyback program. This two-pronged approach creates a compounding effect on unitholder returns: higher per-unit payments combined with fewer outstanding units enhances per-unit metrics and concentrates ownership for existing investors.

As one of North America's largest midstream energy providers, EPD's extensive infrastructure footprint - including over 50,000 miles of pipelines and 300 million barrels of storage capacity - generates the stable cash flows necessary to support these growing distributions. The consistency of these capital returns, particularly in an industry historically known for cyclicality, underscores the resilience of EPD's business model and its ability to convert physical infrastructure assets into dependable unitholder value.

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the first quarter of 2025 of $0.535 per unit, or $2.14 per unit on an annualized basis.

The quarterly distribution will be paid Wednesday, May 14, 2025, to common unitholders of record as of the close of business Wednesday, April 30, 2025. This distribution represents a 3.9 percent increase over the distribution declared with respect to the first quarter of 2024.

Enterprise repurchased $60 million of its common units in the open market during the first quarter of 2025. Inclusive of these purchases, the partnership has utilized approximately 60 percent of its authorized $2.0 billion buyback program.

Enterprise will announce its earnings for the first quarter of 2025 on Tuesday, April 29, 2025, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CDT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

Qualified Notice for Non-U.S. Unitholder Income Tax Withholding

This release is intended to serve as qualified notice under Treasury Regulation Section 1.1446-4(b)(4) and (d). Brokers and nominees should treat one hundred percent of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. For purposes of Treasury Regulation section 1.1446(f)-4(c)(2)(iii), brokers and nominees should treat one hundred percent of the distributions as being in excess of cumulative net income for purposes of determining the amount to withhold. Nominees, and not Enterprise Products Partners L.P., are treated as withholding agents responsible for any necessary withholding on amounts received by them on behalf of foreign investors.

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250407676194/en/

Libby Strait

Investor Relations

(713) 381-4754 or (866) 230-0745

investor.relations@eprod.com

Rick Rainey

Media Relations

(713) 381-3635

RRainey@eprod.com

Source: Enterprise Products Partners L.P.

FAQ

What is Enterprise Products Partners' Q1 2025 distribution amount and when will it be paid?

EPD's Q1 2025 distribution is $0.535 per unit ($2.14 annualized), payable on May 14, 2025, to unitholders of record as of April 30, 2025.

How much did EPD's Q1 2025 distribution increase compared to Q1 2024?

The Q1 2025 distribution represents a 3.9% increase over the distribution declared for Q1 2024.

How much has EPD spent on unit buybacks in Q1 2025?

EPD repurchased $60 million of common units during Q1 2025.

What percentage of EPD's $2.0 billion buyback program has been utilized?

EPD has utilized approximately 60% of its authorized $2.0 billion buyback program.

When will EPD announce its Q1 2025 earnings?

EPD will announce Q1 2025 earnings on Tuesday, April 29, 2025, before NYSE trading opens.