Enterprise Q2 net income $1.3B ($0.57/unit), down 8% YoY; distribution up 5.3%

ENTERPRISE PRODUCTS PARTNERS L.P.

Net income $1.3B ($0.57/unit) vs $1.4B ($0.64/unit) in Q2 2022; DCF $1.7B vs $2.0B.
Distribution increased 5.3% to $0.50/unit ($2.00 annualized); 1.6x DCF coverage; $639M retained.
NGL Pipelines & Services gross margin fell to $1.1B from $1.3B due to 48% drop in NGL prices.
Crude Oil Pipes up to $422M; Natural Gas up to $238M; Petrochemical & Refined down to $383M.
Completed $2.5B of growth projects (PDH 2, 12th fractionator, Poseidon plant, Acadian expansion).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENTERPRISE PRODUCTS PARTNERS L.P. reported the three and six months ended June 30, 2023 results: net income $1.3 billion, or $0.57 per unit on a fully diluted basis.

Period: the three and six months ended June 30, 2023
Net income: $1.3 billion, or $0.57 per unit on a fully diluted basis
Result: reported results

Exact text from the filing

On August 1, 2023, Enterprise Products Partners L.P. (“Enterprise” or the “Partnership”) (NYSE:EPD) issued a press release announcing its financial and operating results for the three and six months ended June 30, 2023

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ENTERPRISE PRODUCTS PARTNERS L.P. filing history →

Source: SEC EDGAR

accession 0001140361-23-037141

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