Enterprise Declares Distribution; 43rd Consecutive Quarterly Distribution Increase
April 08 2015 - 4:30PM
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
$0.375 per common unit, or $1.50 per unit on an annualized basis.
The quarterly distribution will be paid on Thursday, May 7, 2015,
to unitholders of record as of the close of business on Thursday,
April 30, 2015. This distribution, which represents a 5.6 percent
increase over the distribution declared with respect to the first
quarter of 2014, is the 52nd distribution increase since
Enterprise’s initial public offering in 1998 and the 43rd
consecutive quarterly increase.
Enterprise will announce its earnings for the first quarter of
2015 on Thursday, April 30, 2015, before the New York Stock
Exchange opens for trading. Following the announcement, the
partnership will host a conference call at 9 a.m. CT with analysts
and investors to discuss earnings. The call will be webcast live on
the Internet and may be accessed through the “Investors” section of
the partnership’s website, www.enterpriseproducts.com.
To listen to the webcast, participants should access the
partnership’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; 225 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals;
and 14 billion cubic feet of natural gas storage capacity.
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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