Friday, December 27, 2024

Enterprise Products Partners Adheres to Distribution Increase in Q1’15

Enterprise Products Partners announces strong Q1 on petrochemicals and refined products Enterprise Products Partners (ticker: EPD) reported its first quarter 2015 earnings and increased its distribution for the 51st time since its initial public offering, backed by strong performances from its petrochemical and refined products divisions. For Q1’15, the company reported cash distribution of $0.375 per unit, distributable cash flow

Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners

Enterprise Products Partners (ticker: EPD), the largest Limited Partnership listed on EnerCom’s MLP Scorecard, has announced Phase Two of the acquisition of Oiltanking Partners (ticker: OILT) in a unit-for-unit merger agreement. Per the agreement, OILT shareholders will receive a 30% premium on EPD shares. Total consideration for the transaction is $6.0 billion, including the $4.6 billion acquisition ($2.2 billion in

Plains All American, Enterprise Products to Expand Eagle Ford Takeaway, Build New Export Facility

Joint venture will double mainline capacity to 600,000 BOPD and add new deepwater marine terminal. Plains All American Pipeline, L.P. (ticker: PAA) and Enterprise Products Partners L.P. (ticker: EPD) will construct a new condensate gathering system into their Three Rivers terminal, and double mainline capacity on the Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi in