Enterprise sells 40% stake in Bahia NGL pipeline to ExxonMobil for ~$650M

ENTERPRISE PRODUCTS PARTNERS L.P.

ExxonMobil to acquire 40% undivided joint interest in Enterprise's Bahia NGL pipeline for ~$650M, subject to regulatory approvals.
Bahia pipeline (550 miles, 600K BPD initial capacity) to begin commercial ops soon; expansion to 1M BPD and 92-mile extension to ExxonMobil's Cowboy plant by Q4 2027.
Enterprise will remain operator of combined system; extension capacity primarily owned by ExxonMobil (70% UJI).
NGL production in Permian Basin expected to increase over 30% by 2030, supporting takeaway demand.

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