Enterprise Prods Partners L P Stock Price, News & Analysis

Enterprise Products Partners L.P. (EPD) reported record financial results for Q2 2022, with net income of $1.4 billion, or $0.64 per unit, up from $1.1 billion, or $0.50 per unit, in Q2 2021. Distributable Cash Flow (DCF) surged 30% to $2.0 billion, allowing a 5.6% increase in distributions per unit to $0.475. The gross operating margin reached $2.4 billion, driven by strong performance in natural gas processing and octane enhancement. Enterprise retained $974 million in DCF and reported a payout ratio of 56% for the year. The company maintains a robust balance sheet with $4.1 billion in liquidity.

Enterprise Products Partners L.P. (NYSE: EPD) announced a quarterly cash distribution of $0.475 per unit for Q2 2022, marking a 5.6% increase from Q2 2021. This represents the 74th consecutive distribution increase since its IPO and the 24th year of growth. The distribution will be paid on August 12, 2022, to unitholders of record as of July 29, 2022. In Q2 2022, the partnership repurchased $35 million of its units, utilizing 26% of its $2 billion buyback program. Earnings will be announced on August 3, 2022.

Enterprise Products Partners L.P. (NYSE: EPD) has filed applications for tax abatements related to six proposed projects, including an ethane to ethylene cracker. However, no projects are finalized or approved. The company has been working on the ethylene facility for years but has not yet sanctioned its construction. Enterprise is a major player in midstream energy services, managing over 50,000 miles of pipelines and significant storage capacities for various energy products. The press release emphasizes the forward-looking nature of these statements and potential regulatory risks.

Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in two key investor conferences in June 2022. The company will present at the B of A Energy Credit Conference on June 9 and the J.P. Morgan Energy, Power & Renewables Conference on June 23, where they will also hold one-on-one investor meetings. The updated investor deck will be available on their website on June 9, with presentation slides for the J.P. Morgan Conference posted on June 23. Enterprise is a leading provider of midstream energy services in North America.

Magellan Midstream Partners (MMP), Enterprise Products Partners (EPD), and Intercontinental Exchange (ICE) have expanded their no-charge agreement for crude oil transfers at the Houston terminals. This new arrangement allows for free transfers between Magellan East Houston (MEH) and Enterprise Crude Houston (ECHO) terminals for deliveries via ICE's EFP and ADP mechanisms, increasing operational flexibility. The no-fee policy is valid through March 31, 2023, enhancing cost efficiency for HOU futures customers.

Enterprise Products Partners L.P. (NYSE: EPD) announced investor meetings at two upcoming conferences. These include the MUFG Oil & Gas Conference on May 10, 2022, in New York, NY, and the EIC Investor Conference on May 16-17, 2022, in Palm Beach, FL. The investor deck for these meetings is available on the company's website. EPD is a leading North American provider of midstream energy services, with extensive assets including over 50,000 miles of pipelines and significant storage capacity.

Enterprise Products Partners L.P. (NYSE: EPD) reported Q1 2022 net income of $1.3 billion ($0.59/unit) which reflects a slight decrease from $1.3 billion ($0.61/unit) in Q1 2021, impacted by non-cash impairment charges of $14 million. However, Distributable Cash Flow (DCF) reached a record $1.8 billion, providing 1.8 times coverage of its distribution, which increased 3.3% to $0.465 per unit. Capital investments totaled $3.6 billion, primarily for the Navitas Midstream acquisition. The company also announced $4.6 billion in organic projects under construction.

Enterprise Products Operating LLC and Oxy Low Carbon Ventures, both subsidiaries of EPD and OXY respectively, have signed a letter of intent to develop a carbon dioxide (CO₂) transportation and sequestration project for the Texas Gulf Coast.

The initiative will leverage existing infrastructure from Houston to Beaumont/Port Arthur, combining Enterprise’s midstream expertise with OLCV’s CO₂ management capabilities. They aim to commercialize services that aid industrial emitters in achieving net-zero goals through effective carbon management strategies.

Enterprise Products Partners L.P. (NYSE: EPD) will host a meeting with securities analysts and investors on April 12, 2022, at 8 a.m. CDT in Houston. The event will be available for live streaming on Enterprise’s website, where accompanying slides can also be accessed. Enterprise Products is a leading provider of midstream energy services across North America, managing a vast network of over 50,000 miles of pipelines and significant storage capacities. For more details, visit www.enterpriseproducts.com.