Welcome to our dedicated page for Enterprise Prods Partners L P news (Ticker: EPD), a resource for investors and traders seeking the latest updates and insights on Enterprise Prods 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) 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.
Intercontinental Exchange (NYSE: ICE) has launched real-time physical crude pricing in partnership with Link Data Services, enhancing transparency in the North American crude market. The live pricing covers 12 oil grades traded in key locations, including Cushing, Oklahoma, and the Gulf Coast. The initiative aims to offer global market participants reliable pricing data. The partnership follows the successful introduction of the HOU futures contract, which has seen significant trading volumes and liquidity growth since its inception in January 2022.
Enterprise Products Partners L.P. (NYSE: EPD) announced a quarterly cash distribution of $0.475 per unit for Q3 2022, totaling $1.90 annually, marking a 5.6% increase from Q3 2021. The distribution will be paid on Nov 14, 2022, to unitholders of record by Oct 31, 2022. This marks the 24th consecutive year of distribution growth. The company repurchased approximately $95 million in common units during Q3 2022, totaling $130 million for the year, utilizing 31% of its $2 billion buyback program.
Enterprise Products Partners L.P. (NYSE: EPD) will engage in virtual one-on-one meetings at the Wolfe Research Utilities, Midstream & Clean Energy Conference on September 30, 2022. Investors can access the latest investor presentation on the company’s website. Enterprise Products is a major North American provider of midstream energy services, managing over 50,000 miles of pipelines and more than 260 million barrels of storage capacity for various energy products. They offer diverse services including natural gas processing, transportation, and marine terminal operations.
Enterprise Products Partners L.P. (NYSE: EPD) will hold a special unitholders meeting on November 22, 2022, at 8:00 a.m. CT in Houston, Texas. Unitholders of record as of October 11, 2022 will vote on amendments to the 2008 Long-Term Incentive Plan and the EPD Unit Purchase Plan. Proxy statements will be mailed around October 24, 2022. As a significant midstream energy services provider, EPD's capabilities include extensive pipeline networks and storage facilities across North America.
Enterprise Products Partners L.P. (NYSE: EPD) will present and hold investor meetings at the Barclays CEO Energy–Power Conference on September 6-7, 2022 in New York City. The presentation is scheduled for 1:15 p.m. ET on September 6, with slides available on the company's website. Enterprise is a leading provider of midstream energy services in North America, managing over 50,000 miles of pipelines and more than 260 million barrels of storage capacity for various energy products.
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