{"id":692201,"date":"2022-10-04T17:42:03","date_gmt":"2022-10-04T21:42:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/enterprise-declares-quarterly-distribution-5\/"},"modified":"2022-10-04T17:42:03","modified_gmt":"2022-10-04T21:42:03","slug":"enterprise-declares-quarterly-distribution-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/enterprise-declares-quarterly-distribution-5\/","title":{"rendered":"Enterprise Declares Quarterly Distribution"},"content":{"rendered":"

<\/p>\n

Enterprise Declares Quarterly Distribution<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nEnterprise Products Partners L.P. (NYSE: EPD) (\u201cEnterprise\u201d) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to Enterprise common unitholders with respect to the third quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis.\n<\/p>\n

\nThe quarterly distribution will be paid Monday, November 14, 2022, to common unitholders of record as of the close of business Monday, October 31, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the third quarter of 2021.\n<\/p>\n

\nThis year will be the 24th<\/sup> consecutive year of distribution growth. Enterprise repurchased approximately $95 million of its common units in the open market during the third quarter of 2022 and has repurchased a total of $130 million of common units in 2022. Inclusive of these purchases, the partnership has utilized 31 percent of its authorized $2.0 billion buyback program.\n<\/p>\n

\nEnterprise will announce its earnings for the third quarter of 2022 on Tuesday, November 1, 2022, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CDT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the \u201cInvestors\u201d section of the partnership\u2019s website at www.enterpriseproducts.com<\/a>. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.\n<\/p>\n

\nEnterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership\u2019s assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.\n<\/p>\n

\nThis release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprise\u2019s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise\u2019s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.\n<\/p>\n

This press release includes \u201cforward-looking statements\u201d as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise\u2019s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221004006153\/en\/<\/a><\/span><\/p>\n

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
\n<\/i>
Rick Rainey, Media Relations (713) 381-3635<\/i><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy Maritime Transport Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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Enterprise Declares Quarterly Distribution HOUSTON–(BUSINESS WIRE)– Enterprise Products Partners L.P. (NYSE: EPD) (\u201cEnterprise\u201d) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to Enterprise common unitholders with respect to the third quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis. The quarterly distribution will be paid Monday, November 14, 2022, to common unitholders of record as of the close of business Monday, October 31, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the third quarter of 2021. This year will be the 24th consecutive year of distribution growth. Enterprise repurchased approximately $95 million of its common units in the … <\/p>\n

Continue reading “Enterprise Declares Quarterly Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-692201","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEnterprise Declares Quarterly Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enterprise-declares-quarterly-distribution-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise Declares Quarterly Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Enterprise Declares Quarterly Distribution HOUSTON–(BUSINESS WIRE)– Enterprise Products Partners L.P. (NYSE: EPD) (\u201cEnterprise\u201d) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to Enterprise common unitholders with respect to the third quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis. The quarterly distribution will be paid Monday, November 14, 2022, to common unitholders of record as of the close of business Monday, October 31, 2022. This distribution represents a 5.6 percent increase over the distribution declared with regard to the third quarter of 2021. This year will be the 24th consecutive year of distribution growth. 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