Enterprise Products Expects Up to $3.9 Billion in 2019 Capex, an Industrial Info News Alert

SUGAR LAND, Texas, Feb. 1, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--With record production of oil, natural gas and natural gas liquids (NGLs) occurring in the U.S., it's a good time to be a midstream operator and gas processor. Enterprise Products Partners LP (Houston, Texas) provides a good example of this. The company boosted full-year 2018 net income to $4.17 billion from $2.8 billion in 2017. Accompanying this is a large undertaking of capital projects. The company reports that it has $6.7 billion of projects under construction and expects 2019 capital expenditures to be between $3.5 billion and $3.9 billion.

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