Enterprise Q3 2022 net income $1.4B, DCF up 16%, distribution raised 5.6%

ENTERPRISE PRODUCTS PARTNERS L.P.

Net income attributable to common unitholders of $1.4B ($0.62/unit) vs $1.2B ($0.52/unit) in Q3 2021.
Distributable cash flow rose 16% to $1.9B; distribution declared $0.475/unit, 1.8x coverage.
Total gross operating margin increased 11% to $2.3B; NGL Pipelines & Services up 27%, Natural Gas Pipelines up 25%.
Record pipeline volumes of 11.3 million BPD equivalent; natural gas pipeline volumes record 17.5 TBtus/d.
Capital investments $474M in Q3; repurchased 3.9M units for $95M; $5.5B organic growth projects under construction.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ENTERPRISE PRODUCTS PARTNERS L.P. reported three and nine months ended September 30, 2022 results: net income $1.4 billion, EPS $0.62 per unit on a fully diluted basis.

Period: three and nine months ended September 30, 2022
Net income: $1.4 billion
EPS: $0.62 per unit on a fully diluted basis
Result: reported results

Exact text from the filing

Enterprise reported net income attributable to common unitholders of $1.4 billion, or $0.62 per unit on a fully diluted basis, for the third quarter of 2022, compared to $1.2 billion, or $0.52 per unit on a fully diluted basis, for the third quarter of 2021.

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Source: SEC EDGAR

accession 0001140361-22-039229

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