Enterprise Products reports record 2022 net income $5.5B; distribution up 5% to $1.905/unit

ENTERPRISE PRODUCTS PARTNERS L.P.

Net income $5.5B ($2.50/unit) vs $4.6B ($2.10/unit) in 2021.
DCF $7.8B, 1.9x coverage; distribution declared $1.905/unit, 24th consecutive annual increase.
Q4 DCF $2.0B (1.9x coverage); Q4 distribution $0.49/unit payable Feb 14, 2023.
Launched 'Project 9.3' goal to exceed $9.3B Adjusted EBITDA in 2023 (not guidance).
Issued $1.75B of 3yr/10yr notes in early 2023 to refinance $1.25B debt maturities.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ENTERPRISE PRODUCTS PARTNERS L.P. reported year ended December 31, 2022 results: net income $5.5 billion, or $2.50 per unit on a fully diluted basis, EPS $2.50 per fully diluted unit.

Period: year ended December 31, 2022
Net income: $5.5 billion, or $2.50 per unit on a fully diluted basis
EPS: $2.50 per fully diluted unit
Result: reported results

Exact text from the filing

Enterprise reported net income attributable to common unitholders of $5.5 billion, or $2.50 per unit on a fully diluted basis for 2022, compared to $4.6 billion, or $2.10 per unit on a fully diluted basis for 2021.

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Source: SEC EDGAR

accession 0001140361-23-003663

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