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.
Enterprise Products Partners L.P. reports news as a publicly traded master limited partnership providing North American midstream energy services for natural gas, natural gas liquids, crude oil, refined products and petrochemicals. Recurring updates cover operating and financial results, quarterly cash distributions to common unitholders, Schedule K-1 tax reporting, investor materials and capital returns.
Company announcements also discuss natural gas gathering, treating, processing, transportation and storage; NGL fractionation, storage and marine terminals; crude oil and refined products logistics; petrochemical services; and a marine transportation business on U.S. inland and intracoastal waterways. Growth-project news often centers on Permian natural gas processing and the partnership’s integrated pipeline, storage and terminal system.
Enterprise Products Partners L.P. (NYSE: EPD) will participate in the J.P. Morgan Energy, Power, and Renewables Conference on June 17-18, 2024, in New York City. Enterprise is a leading North American provider of midstream energy services, including natural gas gathering, treating, processing, transportation, and storage. The company also handles NGLs, crude oil, refined products, and petrochemicals. Their assets include over 50,000 miles of pipelines, 300 million barrels of storage capacity, and 14 billion cubic feet of natural gas storage capacity. The investor deck for the conference is available on the Enterprise website.
Enterprise Products Partners (NYSE: EPD) has initiated a binding open season for additional diluent volumes on its TE Products Pipeline System. The expansion caters to increased shipper demand for diluent transport into the Midwest, connecting to third-party pipelines for Canadian market access. The open season starts on June 4, 2024, and ends on July 3, 2024. If sufficient commitments are made, the expanded service will be available by July 2025.
The current pipeline, starting in Mont Belvieu, Texas, and extending to Chicago, will undergo upgrades and additional pumping horsepower to accommodate the new capacity. This expansion will not affect existing shippers. TE Products Pipeline operates over 3,000 miles of pipelines transporting refined products and natural gas liquids (NGL) from Texas to multiple states including Indiana, Illinois, Ohio, New York, and Pennsylvania.
Enterprise Products Partners (NYSE: EPD) will participate in the 21st Annual Energy Infrastructure CEO & Investor Conference on May 22-23, 2024, in Aventura, Florida.
Enterprise is a leading midstream energy services provider in North America, handling natural gas, NGLs, crude oil, refined products, and petrochemicals. The company operates over 50,000 miles of pipelines and has significant storage capacities, including over 300 million barrels for NGLs, crude oil, petrochemicals, and refined products, and 14 billion cubic feet for natural gas.
For more information, visit the Enterprise website, or view the full press release on BusinessWire.
Enterprise Products Partners L.P. reported a 5% increase in net income for the first quarter of 2024 compared to the same period in 2023. DCF was $1.9 billion for both quarters. Adjusted CFFO was $2.1 billion in Q1 2024. Enterprise retained $786 million of DCF and repurchased $40 million of its common units. Total capital investments were $1.1 billion in Q1 2024 with $3.25-$3.75 billion expected for organic growth in 2024-2025.
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