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 L.P. (NYSE: EPD) has begun commercial operations on its new Gillis Lateral pipeline, enhancing its Acadian Haynesville Extension system. The 80-mile pipeline connects to key LNG export facilities and can transport up to 1 Bcf/d of natural gas. The expansion of the Acadian Haynesville Extension increases its capacity from 1.8 Bcf/d to 2.1 Bcf/d. This project aims to deliver affordable U.S. natural gas to global markets, particularly for developing nations. The Gillis Lateral is fully subscribed with long-term commitments from shippers.
Enterprise Products Partners L.P. (NYSE: EPD) announced its participation in the Wells Fargo Virtual Midstream, Utility & Renewables Symposium on December 8-9, 2021. The company’s latest investor deck can be found on its website under the Investors tab. As a leading provider of midstream energy services, Enterprise Products operates extensive assets, including approximately 50,000 miles of pipelines and 260 million barrels of storage capacity for various energy products. For more information, visit www.enterpriseproducts.com.
Intercontinental Exchange (ICE) has announced changes to its ICE Permian WTI Crude Oil futures contract, transforming it into the Midland WTI American Gulf Coast (AGC) futures contract. The update adds the Enterprise Crude Houston (ECHO) terminal as a delivery point, enhancing supply capacity to over 4 million barrels per day. This contract will facilitate better export access through 14 docks in Houston and will ultimately provide around 150 million barrels of total crude storage capacity. The changes, pending regulatory approval, will take effect in early 2022.
Enterprise Products Partners L.P. (NYSE: EPD) will host investor meetings at the RBC Capital Markets Midstream and Energy Infrastructure Conference on November 17, 2021, in Dallas, Texas. Slides from the meetings will be available at 8:00 a.m. ET on the same day via the Investors tab on the company’s website. As a leading provider of midstream energy services, Enterprise Products operates approximately 50,000 miles of pipelines and offers a variety of services, including natural gas and crude oil transportation and storage.
Enterprise Products Partners reported strong financial results for Q3 2021, with net income of $1.2 billion, or $0.52 per unit, up from $1.1 billion a year earlier. Cash flow from operations reached a record $2.4 billion, benefiting from favorable working capital changes. The company declared distributions increased by 1.1% to $0.45 per unit. However, gross operating margin fell slightly to $2.1 billion due to challenges including Hurricane Ida, yet the natural gas transportation volume hit a record high of 14.6 TBtus/d. The company retains significant liquidity with $6.7 billion available.
Enterprise Products Partners L.P. (NYSE: EPD) has declared a quarterly cash distribution of
Chevron U.S.A. Inc. and Enterprise Products Partners L.P. have launched a joint framework to explore carbon capture, utilization, and storage (CCUS) opportunities in the U.S. Midcontinent and Gulf Coast regions. The initial six-month study aims to identify specific business opportunities by leveraging Enterprise's extensive midstream network alongside Chevron's sub-surface expertise. Both companies emphasize the importance of CCUS in achieving a lower carbon future, as indicated by international climate scientists. This partnership builds on their previous collaboration in energy services.
Enterprise Products Partners L.P. (NYSE:EPD) announced a public offering of $1.0 billion in Senior Notes EEE, maturing on February 15, 2053. The notes will be issued at 99.170% of their principal amount, with a fixed interest rate of 3.30%. Proceeds from this offering will be allocated for general corporate purposes, including growth capital investments and debt repayment. The offering will be settled on September 15, 2021, with Citigroup, Deutsche Bank, SG Americas, and U.S. Bancorp acting as joint book-running managers.
Enterprise Products Partners L.P. (NYSE: EPD) will host virtual investor meetings at the Barclays CEO Energy–Power Conference on September 8, 2021. The latest investor deck, available under the Investors tab on the Enterprise website, will support these discussions. Enterprise Products is a major provider of midstream energy services in North America, offering services in natural gas, NGLs, crude oil, and petrochemicals. Its extensive infrastructure includes 50,000 miles of pipelines and significant storage capacities across various energy products.
Enterprise Products Partners L.P. (NYSE: EPD) has appointed Carrie L. Weaver as vice president of Commercial, Evolutionary Technology, reporting to Co-CEO A.J. Teague. The Evolutionary Technology team aims to innovate in energy sectors like carbon capture and hydrogen. Weaver's role is to turn emerging ideas into profitable market solutions, leveraging Enterprise's extensive midstream network. Teague emphasized the company's commitment to leading in the evolving energy landscape through reliable service and innovative projects.
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