Enterprise Declares Distribution; 40th Consecutive Quarterly Distribution Increase
July 10 2014 - 9:07AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) announced today
that the board of directors of its general partner declared an
increase in the quarterly cash distribution paid to partners to
$0.72 per common unit, or $2.88 per unit on an annualized basis.
The quarterly distribution will be paid on Thursday, August 7,
2014, to unitholders of record as of the close of business on
Thursday, July 31, 2014. This distribution, which represents a 5.9
percent increase over the $0.68 per unit distribution declared with
respect to the second quarter of 2013, is the 49th distribution
increase since Enterprise’s initial public offering in 1998 and the
40th consecutive quarterly increase.
Enterprise will announce its second quarter of 2014 earnings on
Thursday, July 31, 2014, before the New York Stock Exchange opens
for trading. Following the announcement, the company will host a
conference call at 9 a.m. CDT with analysts and investors to
discuss its second quarter earnings. The call will be broadcast
live on the Internet and may be accessed at the company’s website,
www.enterpriseproducts.com.
To listen to the webcast, participants should access the
“Investors” section of the company’s website at least 15 minutes
prior to the start of the conference call to download and install
any necessary audio software. A replay of the webcast will be
available for one week following the conference call and may be
accessed one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil and refined
products transportation, storage and terminals; offshore production
platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems and in the Gulf of
Mexico. The partnership’s assets include approximately 51,000 miles
of onshore and offshore pipelines; 200 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals;
and 14 billion cubic feet of natural gas storage capacity.
Additional information regarding Enterprise can be found on its
website, www.enterpriseproducts.com.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812 or (866) 230-0745Investor RelationsorRick Rainey, (713)
381-3635Media Relations
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