Enterprise Products reports record Q4 volumes; net income $1.6B, distribution up 5.1%

ENTERPRISE PRODUCTS PARTNERS L.P.

Q4 net income $1.6B ($0.72 diluted EPS); operating income $1.9B, up from $1.8B in Q4 2022.
Record NGL fractionation volumes 1.6MBPD (+23% YoY); crude oil pipeline volumes 2.6MBPD; marine terminal volumes 2.3MBPD.
Distribution declared $0.515/unit (+5.1% YoY); DCF coverage 1.8x; retained $932M of DCF.
2024 growth capex guidance $3.25B-$3.75B; sustaining capex ~$550M; PDH 2 utilization expected to improve.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ENTERPRISE PRODUCTS PARTNERS L.P. reported financial results for the three months and year ended December 31, 2023.

Period: the three months and year ended December 31, 2023
Result: reported results

Exact text from the filing

Enterprise Products Partners L.P. (“Enterprise” or the “Partnership”) (NYSE:EPD) issued a press release announcing its financial and operating results for the three months and year ended December 31, 2023

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Source: SEC EDGAR

accession 0001140361-24-004973

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