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 (NYSE: EPD) has announced its participation in the BofA Securities 2024 Global Energy Conference scheduled for Tuesday, November 12, 2024, in Houston, TX. The company has made its latest investor presentation deck available on its website under the Investors tab.
As one of the largest publicly traded partnerships, EPD is a leading North American midstream energy service provider, operating over 50,000 miles of pipelines, more than 300 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity. Their services span natural gas, NGLs, crude oil, refined products, and petrochemicals, including gathering, processing, transportation, storage, and marine terminal operations.
Enterprise Products Partners (NYSE: EPD) has completed Phase 2 of its Texas Western Products system with the opening of a refined products truck terminal in Grand County, Utah. The new facility features 400,000 barrels of storage capacity for gasoline and diesel, with a loading capacity of 20,000 barrels per day. Located with direct access to Interstate 70, it serves markets in eastern Utah and western Colorado. This terminal joins three other facilities opened in 2024 in Texas and New Mexico, bringing the total system capacity to 1.5 million barrels of storage and 63,000 BPD loading capability.
Enterprise Products Partners (EPD) reported strong Q3 2024 financial results with net income of $1.4 billion ($0.65 per unit), up 8% from Q3 2023. Distributable Cash Flow increased 5% to $2.0 billion, with distributions rising 5% to $0.525 per unit. The company achieved record volumes including 7.5 Bcf/d of natural gas processing and 12.8 million BPD of total equivalent pipeline volumes.
Total capital investments were $1.2 billion in Q3, with $1.1 billion for growth projects. Enterprise updated its 2025 organic growth capital investment range to $3.5-4.0 billion, reflecting new opportunities in the Permian Basin following the Piñon Midstream acquisition.
Enterprise Products Partners (NYSE: EPD) has completed its acquisition of Piñon Midstream for $950 million in a debt-free cash transaction. The acquisition expands Enterprise's footprint in the eastern Delaware Basin of Texas and New Mexico, adding natural gas gathering and treating services to its portfolio. This strategic move enhances Enterprise's position as a leading North American midstream energy services provider, complementing its extensive infrastructure network that includes over 50,000 miles of pipelines, 300 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity.
1PointFive and Enterprise Products Partners (NYSE: EPD) have announced an agreement to develop a carbon dioxide transportation network supporting the Bluebonnet Sequestration Hub in southeast Texas. Under the Transportation Services Agreement, Enterprise will develop a new pipeline network co-located with existing infrastructure to transport CO2 emissions from facilities near the Houston Ship Channel to the sequestration hub. The project recently received funding from the U.S. Department of Energy. The partnership combines 1PointFive's CO2 management expertise with Enterprise's midstream experience to provide decarbonization solutions for industrial customers.
Enterprise Products Partners L.P. (NYSE: EPD) has announced a quarterly cash distribution of $0.525 per unit for the third quarter of 2024, payable on November 14, 2024, to unitholders of record as of October 31, 2024. This represents a 5.0% increase over the distribution declared for Q3 2023.
The company repurchased $76 million of its common units in Q3 2024, bringing the total repurchases for the first nine months of 2024 to $156 million and $252 million for the last twelve months. Enterprise has now repurchased approximately $1.1 billion of common units under its authorized $2.0 billion buyback program.
Enterprise will announce its Q3 2024 earnings on October 29, 2024, followed by a conference call at 9 a.m. CDT. The call will be webcast live on the company's website.
Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in two upcoming investor conferences. The company will attend the MUFG Energy Conference in New York City on September 5, 2024, and the NYSE Virtual Investor Access event on September 10, 2024. Investors can access the latest investor deck on the Enterprise website under the Investors tab.
Enterprise Products Partners is a leading North American provider of midstream energy services, with extensive assets including over 50,000 miles of pipelines, 300 million barrels of storage capacity for various products, and 14 billion cubic feet of natural gas storage capacity. The company offers services in natural gas, NGLs, crude oil, refined products, and petrochemicals, as well as marine transportation on key U.S. waterways.
Enterprise Products Partners L.P. (NYSE: EPD) has announced a definitive agreement to acquire Piñon Midstream, a natural gas gathering and treating services provider in the Delaware Basin, for $950 million in cash. The acquisition includes:
- 50 miles of natural gas pipelines
- Five 3-stage compressor stations
- 270 MMcf/d of treating facilities, expanding to 450 MMcf/d by 2025
- Two high-capacity acid gas injection wells
Enterprise expects this acquisition to generate $0.03 per unit in distributable cash flow accretion in 2025. The transaction is set to close in Q4 2024, subject to regulatory approvals.
Enterprise Products Partners L.P. (NYSE: EPD) has announced its participation in the Citi One-on-One Midstream & New Energy Infrastructure Conference on August 13-14, 2024, in Las Vegas. The company's latest investor deck will be available on its website. Enterprise Products Partners is a leading North American provider of midstream energy services, offering natural gas, NGL, crude oil, and petrochemical services.
The partnership's extensive assets include over 50,000 miles of pipelines, 300 million barrels of storage capacity for various products, and 14 billion cubic feet of natural gas storage capacity. As one of the largest publicly traded partnerships, Enterprise Products Partners plays a important role in the energy infrastructure sector.
Enterprise Products Partners L.P. (NYSE:EPD) has announced that its operating subsidiary, Enterprise Products Operating , has priced a $2.5 billion public offering of senior notes. The offering comprises:
1. $1.1 billion of senior notes due February 15, 2035, with a 4.95% fixed-rate interest coupon
2. $1.4 billion of senior notes due February 16, 2055, with a 5.55% fixed-rate interest coupon
The proceeds will be used for general company purposes, growth capital investments, and debt repayment, including the potential full repayment of $1.15 billion 3.75% Senior Notes due in February 2025. The settlement is expected on August 8, 2024, subject to customary closing conditions. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.