Enterprise Prods Partners L P Stock Price, News & Analysis

Enterprise Products Partners reported strong financial results for Q3 2021, with net income of $1.2 billion, or $0.52 per unit, up from $1.1 billion a year earlier. Cash flow from operations reached a record $2.4 billion, benefiting from favorable working capital changes. The company declared distributions increased by 1.1% to $0.45 per unit. However, gross operating margin fell slightly to $2.1 billion due to challenges including Hurricane Ida, yet the natural gas transportation volume hit a record high of 14.6 TBtus/d. The company retains significant liquidity with $6.7 billion available.

Enterprise Products Partners L.P. (NYSE: EPD) has declared a quarterly cash distribution of $0.45 per unit for Q3 2021, amounting to $1.80 on an annualized basis. This represents a 1.1% increase compared to the third quarter of 2020. The distribution will be paid on November 12, 2021, to unitholders of record as of October 29, 2021. Earnings for the same quarter will be announced on November 2, 2021, with a conference call to follow.

Chevron U.S.A. Inc. and Enterprise Products Partners L.P. have launched a joint framework to explore carbon capture, utilization, and storage (CCUS) opportunities in the U.S. Midcontinent and Gulf Coast regions. The initial six-month study aims to identify specific business opportunities by leveraging Enterprise's extensive midstream network alongside Chevron's sub-surface expertise. Both companies emphasize the importance of CCUS in achieving a lower carbon future, as indicated by international climate scientists. This partnership builds on their previous collaboration in energy services.

Enterprise Products Partners L.P. (NYSE:EPD) announced a public offering of $1.0 billion in Senior Notes EEE, maturing on February 15, 2053. The notes will be issued at 99.170% of their principal amount, with a fixed interest rate of 3.30%. Proceeds from this offering will be allocated for general corporate purposes, including growth capital investments and debt repayment. The offering will be settled on September 15, 2021, with Citigroup, Deutsche Bank, SG Americas, and U.S. Bancorp acting as joint book-running managers.

Enterprise Products Partners L.P. (NYSE: EPD) will host virtual investor meetings at the Barclays CEO Energy–Power Conference on September 8, 2021. The latest investor deck, available under the Investors tab on the Enterprise website, will support these discussions. Enterprise Products is a major provider of midstream energy services in North America, offering services in natural gas, NGLs, crude oil, and petrochemicals. Its extensive infrastructure includes 50,000 miles of pipelines and significant storage capacities across various energy products.

Enterprise Products Partners L.P. (NYSE: EPD) has appointed Carrie L. Weaver as vice president of Commercial, Evolutionary Technology, reporting to Co-CEO A.J. Teague. The Evolutionary Technology team aims to innovate in energy sectors like carbon capture and hydrogen. Weaver's role is to turn emerging ideas into profitable market solutions, leveraging Enterprise's extensive midstream network. Teague emphasized the company's commitment to leading in the evolving energy landscape through reliable service and innovative projects.

Enterprise Products Partners L.P. (NYSE: EPD) announced virtual investor meetings at key conferences. The first is at the Goldman Sachs Power, Utilities, MLPs and Pipelines Conference on August 11, 2021, followed by the Citi One-on-One Midstream / Energy Infrastructure Conference on August 18-19, 2021. Attendees can access presentation slides on the Enterprise website under the Investors tab. Enterprise is a leader in midstream energy services with extensive assets, including 50,000 miles of pipelines and significant storage capacity.

Enterprise Products Partners L.P. (NYSE: EPD) reported a net income of $1.1 billion, or $0.50 per unit, for Q2 2021, up from $1.0 billion, or $0.47 per unit in Q2 2020. Cash flow from operations surged to $2.0 billion, an increase from $1.2 billion a year earlier. The partnership declared a distribution of $0.45 per unit, a rise of 1.1%. Free Cash Flow reached $4.2 billion over the past twelve months, marking a substantial increase from $2.7 billion in the previous year. Capital investments totaled $634 million in Q2 2021, with a strong liquidity of $5.4 billion. Overall, performance improved due to recovering demand across multiple sectors.

Enterprise Products Partners L.P. (NYSE: EPD) declared a quarterly cash distribution of $0.45 per unit for Q2 2021, representing a 1.1% increase from Q2 2020. The total annualized distribution amounts to $1.80 per unit. Payment will occur on August 12, 2021 to unitholders recorded by July 30, 2021. The partnership will report Q2 earnings on July 28, 2021, followed by a conference call at 9 a.m. CT. Enterprise is a major player in midstream energy services with extensive pipeline and storage assets.