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Enterprise Products Partners L.P. - EPD STOCK NEWS

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.

News

Enterprise Provides Update on 2023 K-1 Availability

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Enterprise Products Partners L.P. (EPD) updates on the availability of 2023 Investor Tax Packages due to pending tax legislation. The packages may be delayed until March 30, 2024, based on the passage of H.R. 7024 by the U.S. Congress. The legislation could lower Enterprise's taxable income for 2023. Enterprise apologizes for any inconvenience caused by the uncertainty surrounding the tax laws.
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Enterprise Reports Results for Fourth Quarter 2023

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Enterprise Products Partners L.P. announced its financial results for the fourth quarter and year end of 2023. The company reported net income of $1.6 billion for the fourth quarter and $5.5 billion for the year, with a fully diluted earnings per common unit of $0.72 for the quarter and $2.52 for the year. The total gross operating margin was $2.5 billion for the quarter and $9.4 billion for the year. The company's distributions declared with regard to 2023 increased by 5.3 percent compared to those declared for 2022, marking the 25th consecutive year of distribution growth. Enterprise retained $3.2 billion of distributable cash flow in 2023 to reinvest in the partnership, repurchase partnership common units, and reduce debt. The company's payout ratio of declared distributions to common unitholders and partnership unit buybacks was 56 percent of adjusted cash flow provided by operating activities and 94 percent of adjusted free cash flow for 2023. The partnership benefited from a 9 percent increase in total equivalent pipeline volumes to 12.2 million barrels per day, a 20 percent increase in marine terminal volumes to 2.1 million barrels per day, a 16 percent increase in NGL fractionation volumes to 1.6 million barrels per day, and a 13 percent increase in fee-based natural gas processing volumes to 5.8 million cubic feet per day. Enterprise's 2023 earnings demonstrated the value and resiliency of its diversified, fee-based midstream businesses.
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Enterprise Declares Quarterly Distribution

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Enterprise Products Partners L.P. (EPD) announced a 5.1% increase in quarterly cash distribution for the fourth quarter of 2023, totaling $0.515 per unit. The company repurchased $96 million of its common units in Q4 2023 and has utilized 46% of its authorized $2.0 billion buyback program. It will announce its Q4 2023 earnings on February 1, 2024, and host a conference call with analysts and investors.
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Enterprise to Participate in Investor Conferences

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Enterprise Products Partners L.P. (NYSE: EPD) will participate in investor meetings at UBS Winter Infrastructure & Energy Conference on January 8-9, 2024, and U.S. Capital Advisors Midstream Corporate Access Day on January 23, 2024. The latest investor deck can be accessed on the Enterprise website. Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, with assets including over 50,000 miles of pipelines, 260 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity.
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Enterprise Prices $2.0 Billion Aggregate Principal Amount of Senior Notes

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Enterprise Products Partners L.P. (NYSE:EPD) has announced a public offering of $2.0 billion aggregate principal amount of notes, with net proceeds to be used for general company purposes and repayment of debt. The offering is expected to settle on January 11, 2024.
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Enterprise and ONEOK Extend Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Crude Deliveries to the End of 2025

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Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, announced that Enterprise Products Partners L.P. (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver arrangement between the Enterprise Crude Houston (ECHO) and Magellan East Houston (MEH) terminals to transfer crude oil delivered through ICE’s Midland WTI futures contract (HOU) until December 31, 2025. HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts. Each month, the HOU futures contract delivers approximately 5 million barrels of Midland WTI-quality crude. HOU has delivered approximately 71 million barrels of Midland WTI-quality crude since early 2022. Midland WTI crude oil also became deliverable into Dated Brent and the rest of the Brent complex earlier this year.
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Enterprise to Participate in Investor Conferences

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Enterprise Products Partners L.P. (NYSE: EPD) will participate in investor meetings at the Mizuho Power, Energy & Infrastructure Conference and Wells Fargo 22nd Annual Midstream & Utilities Symposium in New York City in December 2023. The partnership is a leading provider of midstream energy services in North America, offering a wide range of services including natural gas, NGLs, crude oil, refined products, and petrochemicals. With over 50,000 miles of pipelines and significant storage capacity, Enterprise Products Partners L.P. is a major player in the energy sector.
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Enterprise to Participate in BofA Securities Global Energy Conference

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Enterprise Products Partners L.P. (NYSE: EPD) will participate in investor meetings at the BofA Securities Global Energy Conference on November 15, 2023. The company is a leading provider of midstream energy services, offering natural gas, NGLs, crude oil, refined products, and petrochemicals transportation, storage, and marine terminals. For more information, visit www.enterpriseproducts.com.
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Enterprise Publishes 2023 Sustainability Report Update

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Enterprise Products Partners L.P. (NYSE: EPD) announces the release of its 2023 Sustainability Report Update, highlighting its commitment to environmental, social, and governance (ESG) initiatives. The report can be accessed on the company's website and provides insights into its midstream energy services and extensive infrastructure.
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Enterprise Reports Results for Third Quarter 2023

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Enterprise Products Partners L.P. reported net income of $1.3 billion for Q3 2023, compared to $1.4 billion in Q3 2022. DCF was $1.9 billion for both quarters. Distributions increased 5.3% to $0.50 per unit. Adjusted CFFO was $2.0 billion. Capital investments were $826 million in Q3 2023. NGL pipeline volumes increased to 7.4 million BPD.
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FAQ

What is the current stock price of Enterprise Products Partners L.P. (EPD)?

The current stock price of Enterprise Products Partners L.P. (EPD) is $32.82 as of November 22, 2024.

What is the market cap of Enterprise Products Partners L.P. (EPD)?

The market cap of Enterprise Products Partners L.P. (EPD) is approximately 70.5B.

What services does Enterprise Products Partners L.P. provide?

Enterprise Products Partners provides transportation and processing of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals.

Where does Enterprise Products Partners operate?

EPD operates primarily in the Lower 48 states of the U.S., serving most producing regions with its extensive pipeline and storage network.

What makes EPD dominant in the NGL market?

EPD's dominance in the NGL market is due to its comprehensive midstream services, including gathering, processing, storage, and transportation, backed by an extensive infrastructure.

What are some recent achievements of Enterprise Products Partners?

Recent achievements include new pipelines, fractionators, and export facilities that enhance capacity and efficiency, positioning EPD as a critical player in the energy sector.

How is EPD performing financially?

EPD has shown strong financial performance with steady revenue, a robust balance sheet, reliable cash flow, and regular distribution payments to unit holders.

Does Enterprise Products Partners offer job opportunities?

Yes, EPD offers numerous career opportunities across various energy-related fields and provides competitive compensation and comprehensive benefits packages.

What are some key projects EPD is currently working on?

EPD is working on several key infrastructure projects aimed at increasing capacity and efficiency, including new pipelines, fractionators, and export facilities.

How can I find more information about career opportunities at EPD?

Visit the EPD website at www.enterpriseproducts.com for detailed information about career opportunities, benefits, application processes, and recruiting events.

What is the significance of EPD's extensive infrastructure?

EPD's extensive infrastructure, including 50,000 miles of pipeline and substantial storage capacity, enables it to offer comprehensive midstream services and meet the energy needs of various regions.

How does EPD support its employees?

EPD supports its employees by offering competitive compensation packages, a comprehensive benefits program, and opportunities for career growth within a dynamic and innovative company.

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Enterprise Products Partners L.P.

NYSE:EPD

EPD Rankings

#199 Ranked by Market Cap
#409 Ranked by Dividends

EPD Stock Data

70.47B
1.46B
32.79%
25.99%
0.89%
Oil & Gas Midstream
Natural Gas Transmission
Link
United States of America
HOUSTON