Enterprise Prods Partners L P Stock Price, News & Analysis

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.

Enterprise Products Partners L.P. (NYSE: EPD) has acquired a wholly owned subsidiary of NOVA Chemicals, enhancing its ethylene storage operations in Mont Belvieu, Texas. This acquisition marks the establishment of the largest ethylene market hub in Texas since 2001 and will enable Enterprise to expand its ethylene network. NOVA Chemicals will benefit from long-term storage solutions while focusing on its core operations, particularly its new Advanced SCLAIRTECH facility. The combined system is expected to improve market liquidity and access to midstream services for both producers and consumers.

Enterprise Products Partners L.P. (NYSE: EPD) is set to host virtual investor meetings at the J.P. Morgan Energy, Power and Renewables Conference on June 22 and 23, 2021. The investor deck for these meetings is available on their website. As a major player in midstream energy services, Enterprise operates approximately 50,000 miles of pipelines and has substantial storage capacities across various energy products, including natural gas, NGLs, and crude oil.