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.
News for Enterprise Products Partners L.P. (NYSE: EPD) focuses on its role as a large North American midstream energy partnership serving natural gas, NGL, crude oil, refined products and petrochemical markets. Company press releases and SEC-linked announcements provide regular updates on operations, capital projects, financings and distributions.
Investors following EPD news will find detailed coverage of quarterly earnings, including net income, distributable cash flow, Adjusted EBITDA, segment gross operating margin and volume metrics across NGL, crude oil, natural gas and petrochemical pipelines, processing plants, fractionators and marine terminals. Earnings releases often highlight operating records in areas such as natural gas processing plant inlet volumes, natural gas pipeline volumes, NGL pipeline volumes and crude oil pipeline volumes.
Enterprise’s news flow also includes distribution declarations on its common units, along with information on its multi-year common unit buyback program and any changes to the authorized size of that program. These announcements may be accompanied by qualified notices for non-U.S. unitholders regarding U.S. federal income tax withholding on distributions.
Another important category of EPD news covers growth projects and acquisitions. Recent releases describe new natural gas processing facilities in the Permian Basin, the Neches River Terminal for ethane exports, the Bahia NGL pipeline and a joint interest transaction with ExxonMobil, and the acquisition of a natural gas gathering affiliate of Occidental in the Midland Basin. Updates on planned plants such as the Athena natural gas processing facility and expansions of gathering systems are also featured.
In addition, Enterprise reports on capital markets activities, such as public offerings of senior notes by its operating subsidiary, and its participation in investor conferences hosted by financial institutions. For readers tracking EPD, this news page aggregates these developments so they can review operational, financial and strategic updates from the partnership in one place.
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.
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.
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