Enterprise Prods Partners L P - EPD STOCK NEWS

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.

Enterprise Products Partners L.P. (NYSE:EPD) announced a milestone loading of the first liquefied petroleum gas (LPG) vessel, the BW Gemini, at its Hydrocarbon Terminal on the Houston Ship Channel. The Very Large Gas Carrier (VLGC) was retrofitted for dual fuel and loaded with a record 590,000 barrels of LPG. This achievement enhances supply chain efficiency by allowing ships to refuel directly at the loading dock, helps reduce emissions per new International Maritime Organization standards, and reinforces Enterprise’s position as the world's largest propane exporter.

Enterprise Products Partners L.P. (NYSE:EPD) has joined The Alliance to End Plastic Waste, an initiative aimed at combating global plastic waste. As the first midstream sector member, Enterprise aims to leverage its petrochemical expertise while supporting efforts in infrastructure, innovation, education, and cleanup. The alliance's goal is to divert millions of tons of plastic waste from at-risk cities by 2025. Enterprise recognizes the dual challenge of utilizing plastics for societal benefits while mitigating environmental impact.

Enterprise Products Partners L.P. (NYSE: EPD) will participate in a Fireside Chat and host virtual investor meetings at the Wells Fargo Virtual Midstream and Utility Symposium on December 8-9, 2020. The Fireside Chat is set for December 8 at 10:40 a.m. ET, with a live webcast available on the company's website. Slides for the meetings will be accessible on December 8 at 7:00 a.m. ET. Enterprise Products is a leading North American midstream energy service provider, boasting approximately 50,000 miles of pipelines and 260 million barrels in storage capacity.

Enterprise Products Partners L.P. (NYSE: EPD) will participate in a Fireside Chat and host virtual investor meetings at the Citi Basic Materials Virtual Conference on December 1, 2020, at 1:00 p.m. ET. A live webcast will be accessible via the company's website. Additionally, presentation slides will be available at 7:00 a.m. ET the same day under the Investors tab. Enterprise is a leading North American midstream energy provider, managing approximately 50,000 miles of pipelines and offering extensive services in natural gas and crude oil.

Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in virtual investor meetings at the BofA Global Energy Conference on November 11, 2020, and the RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 19, 2020. Slides from these meetings will be available on the company's website under the Investors tab. Enterprise Products is a leading provider of midstream energy services in North America, with operations including natural gas and crude oil services and assets comprising over 50,000 miles of pipelines and significant storage capacities.

Enterprise Products Partners reported its Q3 2020 financial results, highlighting an operating income of $1.383 billion and a net income of $1.084 billion. The fully diluted earnings per unit increased to $0.48, up from $0.46 in Q3 2019. Despite a decrease in cash flow from operations to $1.1 billion, distributable cash flow (DCF) remained strong at $1.647 billion, providing 1.7 times coverage of the $0.445 per unit cash distribution. The company also maintained a stable gross operating margin of $2 billion year-over-year. Capital investments totaled $705 million for the quarter.