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 announced its participation in several upcoming investor conferences in February and March 2023. Key events include the THRIVE Energy Conference on February 23, Barclays Select Series on February 27, and the Morgan Stanley Global Energy and Power Conference on March 2. The partnership, a leader in midstream energy services, operates over 50,000 miles of pipelines and has significant storage capacities for natural gas and NGLs. For further details, the investor deck is available on their website under the Investors tab.
Enterprise Products Partners reported robust financial results for the year and quarter ending December 31, 2022. Net income surged to $5.5 billion, or $2.50 per unit, up from $4.6 billion in 2021. Distributable Cash Flow (DCF) increased by 17% to $7.8 billion, with a distribution growth of 5% to $1.905 per common unit, marking 24 consecutive years of increases. The company’s significant financial maneuvers included a $250 million unit buyback and $3.6 billion in retained DCF for reinvestment. Record operating margins were driven by increased pipeline volumes and successful acquisitions, evidencing a strong operational performance and outlook for 2023.
Enterprise Products Partners L.P. (NYSE: EPD) announced a quarterly cash distribution of
Enterprise Products Partners L.P. (NYSE: EPD) announced a public offering of $1.75 billion in senior notes, comprised of $750 million due January 10, 2026, and $1.0 billion due January 31, 2033. The company plans to use the net proceeds for general corporate purposes and debt repayment, including $1.25 billion in Senior Notes HH maturing in March 2023. The Senior Notes FFF will carry a 5.05% coupon, while Senior Notes GGG will have a 5.35% coupon. Settlement is expected on January 10, 2023.
Enterprise Products Partners L.P. (NYSE: EPD) has elected Rebecca G. Followill as a director of its general partner, effective January 1, 2023. Followill, a petroleum engineer with 38 years of energy industry experience and a former Senior Managing Director at U.S. Capital Advisors, will also join the Audit and Conflicts Committee. The company also announced Richard S. Snell's appointment as an advisory director, who previously served on the board since 2011. Enterprise Products is a major midstream energy service provider, offering extensive pipeline and storage capabilities across North America.
Enterprise Products Partners L.P. (NYSE: EPD) has secured the International Sustainability and Carbon Certification (ISCC) PLUS for its facilities in Chambers County, Texas. This certification enhances the company's capabilities to process and distribute sustainable products, marking a significant step in its commitment to sustainability. Co-CEO A. J. Teague emphasized that integrating ISCC PLUS certified materials will meet the rising demand for sustainable energy solutions, further solidifying Enterprise’s position in the evolving energy landscape.
Enterprise Products Partners L.P. (NYSE: EPD) will host one-on-one investor meetings at the Wells Fargo Midstream and Utilities Symposium on December 7 and December 8, 2022, in New York City. The latest investor presentation is available on the company's website. As a major provider of midstream energy services in North America, Enterprise operates over 50,000 miles of pipelines and has a significant storage capacity for various energy products. For more details, visit www.enterpriseproducts.com.
Enterprise Products Partners L.P. (NYSE: EPD) announced the receipt of a Record of Decision (ROD) from the U.S. Department of Transportation for its Sea Port Oil Terminal (SPOT) project, marking a key regulatory milestone. The SPOT project features a deepwater port in the Gulf of Mexico, designed to connect with a 4.8 million barrel onshore crude oil storage facility in Texas. The terminal aims to enhance energy infrastructure while significantly reducing emissions. Work to meet remaining licensing conditions will begin immediately, with a focus on construction guarantees and public outreach initiatives.
Enterprise Products Partners L.P. (NYSE: EPD) will host investor one-on-one meetings at the RBC Capital Markets Midstream and Energy Infrastructure Conference on November 16-17, 2022, in Dallas, Texas. The newly available investor deck will facilitate these meetings and can be accessed on the company's website. As a major provider of midstream energy services in North America, Enterprise operates over 50,000 miles of pipelines and has significant storage capacities for natural gas, NGLs, crude oil, and petrochemicals.
Enterprise Products Partners L.P. (NYSE: EPD) reported a strong financial performance for Q3 2022, with net income of $1.4 billion, or $0.62 per unit, up from $1.2 billion, or $0.52 per unit in Q3 2021. Distributable Cash Flow (DCF) rose 16% to $1.9 billion, providing 1.8x coverage of the distribution. The company declared a 5.6% increase in distributions to $0.475 per unit. Capital expenditures reached $474 million, with continued growth in pipeline transportation volumes. However, gross operating margin from the propylene business decreased by $149 million.
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