Nasdaq HOUSTON – Enterprise Products Partners LP’s EPD.N crude pipeline volumes rose by 16% in the first quarter, the U.S. energy pipeline operator said on Monday, as demand recovered. Russia’s invasion of Ukraine and worries of a supply crunch increased prices of U.S. oil CLc1 and natural gas NGc1 by more than 33% and 50% in the quarter respectively, driving producers to boost output and
Houston Chronicle Houston pipeline operator Enterprise Products Partners is looking at ways to trim its multibillion dollar capital expenditure budget cuts as the ongoing oil price war takes its toll on the company’s customers. In a Wednesday afternoon statement, Enterprise reported that the company is reviewing its 2020 capital expenditure budget due to the potential impacts of record low crude
Houston Chronicle Houston pipeline operator Enterprise Products Partners finished 2019 with a record $4.6 billion profit after shattering 28 company records. In an early Thursday morning statement, Enterprise said it ended the year with a record $4.6 billion profit, a 9 percent increase compared with $4.2 billion in 2018. The company’s 2019 revenue of $32.8 billion was nearly a 10 percent
Houston Chronicle Houston pipeline operator Enterprise Products Partners has switched to a co-CEO leadership system, among other management changes. In a statement released Thursday morning, the company’s board of directors announced that it made changes to the company’s executive team and elected a new slate of officers. Enterprise Products Partners President and Chief Financial Officer Randy Fowler was promoted to
Houston Chronicle Houston pipeline operator Enterprise Products Partners has started operations at two new natural gas processing plants this week. The company announced on Thursday morning that it had started its Bulldog cryogenic natural gas processing plant in the Haynesville Shale of East Texas. Located in Panola County, the plant, can process 200 million cubic feet of natural gas per
Houston Chronicle SAN ANTONIO — The San Antonio City Council is jumping into a contentious debate over state eminent domain laws and the environmental impact of the growing number of proposed pipelines to move crude oil and natural gas from the Permian Basin. The Houston company Enterprise Products Partners plans to build the 30-inch crude pipeline from the West
Source: Reuters NEW YORK (Reuters) – Enterprise Products Partners LP said on Monday it expects its Midland-to-ECHO 3 and 4 Permian crude pipeline system expansions will add about 450,000 barrels per day (bpd) each of additional capacity. Midland-to-ECHO 4 is further expandable up to 540,000 bpd, Jim Teague, chief executive of Enterprise’s general partner, said on its quarterly earnings call.
Houston Chronicle Houston pipeline operator Enterprise Products Partners reported a $1 billion profit during the third quarter but missed Wall Street revenue expectations amid weaker commodity prices for crude oil, natural gas and natural gas liquids such as ethane, propane and butane. Enterprise reported a $1 billion profit on nearly $8 billion of revenue during the third quarter. The figures
By Tyler Losier, Energy Reporter, Oil & Gas 360 Altus Midstream closes purchase of 33% equity stake in Enterprise-owned Shin Oak Pipeline Altus Midstream (stock ticker: ALTM), a pure-play Permian-to-Gulf Coast midstream company, has closed a deal with Enterprise Products Partners (stock ticker: EPD) to acquire a 33% equity interest in the Enterprise subsidiary that owns the Shin Oak natural
More capacity coming: another $3.5 billion of projects now under construction will go into service in 2019 Houston’s Enterprise Products Partners L.P. (stock ticker: EPD, $EPD) reported record net income attributable to limited partners of $1.3 billion, or $0.57 per unit on a fully diluted basis for Q1 2019. 2018’s Q1 net income came in at $901 million, or $0.41
Enterprise Products Partners’ SPOT crude oil export project, offshore Texas, officially kicks off permitting phase, targets 2020 for exports By Bevo Beaven, Editor, Oil & Gas 360 The United States Maritime Administration (MARAD) and the United States Coast Guard (USCG) announced on Monday that the agencies received an application from SPOT Terminal Services LLC (SPOT) for federal authorizations required for
Enterprise Products Partners (stock ticker: EPD, $EPD) has just completed a record-setting tear, based on its 2018 results. Jim Teague, chief executive officer of Enterprise’s general partner, put it like this: “Total gross operating margin for 2018 increased 29 percent to a record $7.3 billion compared to $5.7 billion in 2017.” According to Teague, the partnership established 23 operational and
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