secwatch.observer — SEC 8-K summary
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Issuer:     ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)
CIK:        0001061219
Form:       8-K
Filed at:   2022-02-01T23:59:59+00:00
Accession:  0001140361-22-003420
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enterprise Products reports record 2021 earnings; net income $4.6B, distribution up 3.3%
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- Net income $4.6B ($2.10 diluted EPS) vs $3.8B ($1.71) in 2020; 2021 adj. DCF $6.6B, coverage 1.7x.
- Q4 cash distribution increased 3.3% to $0.465/unit, marking 23rd consecutive year of distribution growth.
- Full-year FCF $6.3B (up from $2.7B); 2022 growth capex guided ~$1.5B, sustaining ~$350M.
- Announced acquisition of Navitas Midstream to enter Midland basin; expected close Q1 2022.
- Record 2021 volumes: ethane exports (171 MBPD), natural gas transport (14.6 TBtu/d), propylene production.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061219/000114036122003420/0001140361-22-003420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061219/000114036122003420/epdform8k_02012022.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-003420

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