Welcome to our dedicated page for Enterprise Prods Partners L P news (Ticker: EPD), a resource for investors and traders seeking the latest updates and insights on Enterprise Prods 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 L.P. (NYSE: EPD) reported Q1 2022 net income of $1.3 billion ($0.59/unit) which reflects a slight decrease from $1.3 billion ($0.61/unit) in Q1 2021, impacted by non-cash impairment charges of $14 million. However, Distributable Cash Flow (DCF) reached a record $1.8 billion, providing 1.8 times coverage of its distribution, which increased 3.3% to $0.465 per unit. Capital investments totaled $3.6 billion, primarily for the Navitas Midstream acquisition. The company also announced $4.6 billion in organic projects under construction.
Enterprise Products Operating LLC and Oxy Low Carbon Ventures, both subsidiaries of EPD and OXY respectively, have signed a letter of intent to develop a carbon dioxide (CO2) transportation and sequestration project for the Texas Gulf Coast.
The initiative will leverage existing infrastructure from Houston to Beaumont/Port Arthur, combining Enterprise’s midstream expertise with OLCV’s CO2 management capabilities. They aim to commercialize services that aid industrial emitters in achieving net-zero goals through effective carbon management strategies.
Enterprise Products Partners L.P. (NYSE: EPD) will host a meeting with securities analysts and investors on April 12, 2022, at 8 a.m. CDT in Houston. The event will be available for live streaming on Enterprise’s website, where accompanying slides can also be accessed. Enterprise Products is a leading provider of midstream energy services across North America, managing a vast network of over 50,000 miles of pipelines and significant storage capacities. For more details, visit www.enterpriseproducts.com.
Enterprise Products Partners L.P. (NYSE: EPD) has declared a quarterly cash distribution of
Enterprise Products Partners L.P. (NYSE: EPD) will host virtual investor meetings at various conferences in March 2022. Key events include the Morgan Stanley Energy and Power Conference on March 1, followed by events with Barclays on March 2 and 3, the Mizuho Energy Summit on March 15, the Scotia Howard Weil Energy Conference on March 22, and the U.S. Capital Advisors Midstream Corporate Access Day on March 30.
For further details, the latest investor deck is available under the Investors tab on the Enterprise website.
Enterprise Products Partners L.P. (NYSE: EPD) announced the availability of its 2021 tax packages, including schedule K-1's, accessible online. The partnership will begin mailing these packages today, finishing by March 7, 2022. Unitholders can also reach K-1 Tax Package Support at (800) 599-9985 on weekdays from 8 a.m. to 5 p.m. CT. Enterprise Products is a leading provider of midstream energy services, with assets spanning over 50,000 miles of pipelines and significant storage capacity for natural gas, NGLs, crude oil, and petrochemicals.
Enterprise Products Partners L.P. (NYSE: EPD) announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the Securities and Exchange Commission. The report is accessible via the company's website. This partnership is recognized as a leading provider of midstream energy services in North America, operating over 50,000 miles of pipelines and significant storage capacities across various energy products. For further details, hard copies of the report can be requested through the company’s investor relations page.
Enterprise Products Partners L.P. (NYSE: EPD) will attend investor meetings at the THRIVE Energy Conference in Houston, Texas, on February 23, 2022. The company is a leading provider of midstream energy services across North America, supporting the oil and gas industry with a wide range of services including natural gas gathering, transportation, and storage. Enterprise boasts over 50,000 miles of pipelines and substantial storage capacity for NGLs, crude oil, and natural gas. The investor presentation is accessible on their website under the Investors tab.
Enterprise Products Partners (NYSE: EPD) has successfully completed its $3.25 billion acquisition of Navitas Midstream Partners, LLC. This strategic move enhances Enterprise's presence in natural gas operations within the Midland Basin of the Permian region. The acquisition includes 1,750 miles of pipelines and processing capacity exceeding 1 billion cubic feet per day, backed by long-term contracts with over 40 producers.
Enterprise Products Partners L.P. (NYSE: EPD) reported a net income of $4.6 billion for 2021, up from $3.8 billion in 2020, with a fully diluted EPS rising to $2.10. Distributable cash flow (DCF) increased to $6.6 billion, covering distributions at 1.7 times. Despite facing non-cash asset impairment charges of $233 million, the company achieved record gross operating margins across three segments. The fourth quarter saw operational records in natural gas transportation and ethylene exports. Noteworthy, Enterprise plans to acquire Navitas Midstream to enhance its natural gas processing capabilities.
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