Enterprise Products Partners LP
EPD
ISIN US2937921078 / Valor 938672
Enterprise Products Partners LP
UMushroom community rating:
About company
Enterprise Products Partners L.P. stands as a significant entity in the North American energy sector, primarily focusing on the midstream segment. As a publicly traded partnership, it plays a crucial role in the energy supply chain by providing a comprehensive suite of services that facilitate the movement, storage, and processing of energy commodities. The company's operations are essential for both producers and consumers, encompassing a wide range of products including natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. Through its extensive network of pipelines, storage facilities, and processing plants, Enterprise Products Partners L.P. ensures the efficient and reliable delivery of vital energy resources across the continent, supporting the energy market's overall functionality and resilience.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (17.12.2024):
Operating Income and Net Income
In the third quarter of 2024, Enterprise Products Partners LP reported an operating income of $1,780 million, up from $1,695 million in the same quarter of 2023. The net income for the quarter was $1,432 million, compared to $1,350 million in the third quarter of the previous year. This increase in net income includes non-cash, asset impairment charges of approximately $27 million for 2024 and $12 million for 2023.
Earnings Per Common Unit
Enterprise Products Partners LP achieved fully diluted earnings per common unit of $0.65 in the third quarter of 2024, reflecting an 8 percent increase from $0.60 in the third quarter of 2023. This growth in earnings per unit was supported by strong operational performance and increased cash flow from recently completed organic growth assets.
Gross Operating Margin and Adjusted EBITDA
The total gross operating margin for Enterprise Products Partners LP in the third quarter of 2024 was $2,454 million, a 5 percent increase from $2,331 million in the same period of 2023. Adjusted EBITDA also rose to $2,442 million from $2,327 million, driven by record pipeline volumes and higher transportation fees and marketing margins.
Distributable Cash Flow and Dividends
Enterprise Products Partners LP reported a distributable cash flow (DCF) of $1,957 million for the third quarter of 2024, up from $1,869 million in the third quarter of 2023. This increase supported a 5 percent rise in the partnership’s cash distribution declared for the quarter compared to the previous year, reflecting the company's strong financial performance and commitment to returning value to unitholders.
Capital Investments and Liquidity
In the third quarter of 2024, Enterprise Products Partners LP made total capital investments of $1.2 billion, including $1.1 billion for growth capital projects. The company had consolidated liquidity of approximately $5.6 billion as of September 30, 2024, which included available borrowing capacity under its revolving credit facilities and unrestricted cash on hand, ensuring financial flexibility for future growth opportunities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
67498 M
Market cap (USD)
372,512
Daily traded volume (Shares)
31.55 / 31.01
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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