Enterprise Prods Partners L P Stock Price, News & Analysis

Enterprise Products Partners L.P. (NYSE: EPD) will host investor meetings at two key conferences in August 2022. The first is the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, NV, on August 16-17, followed by the BofA Securities August Energy Summit in Houston, TX, on August 23. Investors can access the latest presentation deck on Enterprise's website starting August 16. Enterprise is a major player in midstream energy services, managing extensive pipelines and storage capabilities across North America.

Enterprise Products Partners L.P. (NYSE: EPD) announced three organic growth projects in the Permian Basin to enhance production capabilities. These include the addition of two natural gas processing plants and an expansion of the NGL pipeline system. In the Delaware Basin, a third plant at the Mentone processing facility will boost capacity by 300 MMcf/d. The Midland Basin will see a seventh processing plant with similar capacity. The Shin Oak NGL pipeline will also expand by 275,000 BPD. All projects are set for completion by Q1 2024, supporting U.S. energy demand.

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.