Enterprise Products settles PDH 1 litigation; receives $115M cash payment from AFW

ENTERPRISE PRODUCTS PARTNERS L.P.

Enterprise settled lawsuit against Amec Foster Wheeler USA over PDH 1 project for $115M cash.
AFW paid $115M in a single installment effective November 11, 2022.
Lawsuit filed September 2016 over breach of contract and fraud claims related to PDH 1 construction.
Trial began April 2022 and closing arguments completed in July 2022 before settlement.

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