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 entered into a power purchase agreement for the Space City Solar Project in Wharton County, Texas, securing 100 MWac / 132 MWdc. This project aims for a total capacity of 345 MWac / 455 MWdc, with construction commencing in Summer 2021 and electricity delivery expected in Summer 2022. The initiative is projected to create around 300 jobs and generate over $30 million in local tax revenue. The project emphasizes environmental responsibility with the use of high-efficiency bifacial solar PV modules.
Enterprise Products Partners L.P. (NYSE: EPD) has filed its Annual Report on Form 10-K for the year ended December 31, 2020, with the SEC. This report is accessible on the company’s website at www.enterpriseproducts.com. The partnership is among the largest publicly traded entities, offering extensive midstream energy services including natural gas gathering, transportation, and storage. Their infrastructure includes approximately 50,000 miles of pipelines and significant storage capacity for various energy products.
Enterprise Products Partners L.P. (NYSE:EPD) announced the availability of its 2020 tax packages, including schedule K-1s, accessible online. Mailings are expected to commence today and conclude by March 5, 2021. Unitholders can reach K-1 Tax Package Support at (800) 599-9985 during weekdays from 8 a.m. to 5 p.m. CT. As a major publicly traded partnership, Enterprise offers midstream energy services across a range of products including natural gas, NGLs, and crude oil, with extensive assets such as 50,000 miles of pipelines and 260 million barrels of storage capacity.
Enterprise Products Partners L.P. (NYSE: EPD) has announced plans to host virtual investor meetings at several upcoming conferences. These include the Barclays Midstream & Clean Infrastructure Corporate Access Days and the THRIVE Energy Conference on February 25, 2021, followed by the Morgan Stanley Energy & Power Conference on March 1, 2021, and the Credit Suisse Energy Summit on March 3, 2021. Slides used during these meetings will be available on the company's website under the Investors tab, providing insights into their extensive midstream energy services and assets.
Enterprise Products Partners L.P. reported a net income of $3.8 billion for 2020, down from $4.6 billion in 2019, with a fully diluted earnings per unit of $1.71. The company faced $891 million in asset impairment charges primarily affecting its Natural Gas Pipelines segment. Cash flow from operations was $5.9 billion, while free cash flow rose 8% to $2.7 billion. Distributable cash flow was $6.4 billion, covering distributions at a ratio of 1.6 times. Growth projects for 2021 are anticipated to enhance cash flow, despite ongoing uncertainties in the energy sector due to the pandemic.
Enterprise Products Partners L.P. (NYSE: EPD) will conduct virtual investor meetings on January 25, 2021, during the U.S. Capital Advisors Midstream Corporate Access Day. Investors can access the latest investor slides via the Enterprise website.
The company is a major player in midstream energy services, managing over 50,000 miles of pipelines and significant storage assets.
Magellan Midstream Partners and Enterprise Products Partners have entered an agreement to develop a futures contract for physical crude oil delivery in Houston. This contract aims to enhance market transparency and flow assurance, aligning with West Texas Intermediate crude specifications. The collaboration leverages both companies' infrastructure, allowing access to five pipelines delivering 2 million barrels per day from the Permian Basin. The initiative promises increased flexibility, connectivity, and market access for customers.
Enterprise Products Partners L.P. (NYSE: EPD) will conduct virtual investor meetings at the UBS Winter Infrastructure & Energy Virtual Conference on January 12, 2021. Interested parties can access the latest investor slides via the Enterprise Products website. As a leading North American midstream energy provider, EPD offers various services, including natural gas and crude oil transportation and storage, boasting approximately 50,000 miles of pipelines and 260 million barrels of storage capacity.
Enterprise Products Partners L.P. (NYSE: EPD) declared a quarterly cash distribution of $0.45 per unit for Q4 2020, amounting to an annualized $1.80. The distribution, which represents a 1.1% increase from Q4 2019, will be paid on February 11, 2021, to unitholders recorded as of January 29, 2021. This marks the 22nd consecutive year of distribution increases. The company will report its Q4 2020 earnings on February 3, 2021, followed by a conference call for analysts and investors.
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