10-KPeriod: FY2006

ENTERPRISE PRODUCTS PARTNERS L.P. Annual Report, Year Ended Dec 31, 2006

Filed February 28, 2007For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed its 2006 10-K on February 27, 2007, detailing its operations and financial performance for the period ending December 30, 2006. As a leading North American midstream energy company, EPD is involved in the transportation, storage, marketing, and processing of natural gas, natural gas liquids (NGLs), and crude oil. The filing provides essential insights into the company's business segments, risk factors, financial condition, and results of operations, which are critical for investors to understand the company's strategic positioning and future prospects in the energy sector. Investors should pay close attention to Management's Discussion and Analysis (MD&A) for a comprehensive understanding of EPD's operational performance, capital expenditures, and debt management. The company's extensive infrastructure network, including pipelines, storage facilities, and processing plants, underpins its revenue generation and market influence. While the filing does not contain specific financial numbers, it outlines the structure and key areas that would be thoroughly examined by an investor seeking to evaluate EPD's financial health, growth opportunities, and potential risks associated with commodity price volatility, regulatory changes, and operational challenges.

Financial Highlights

20 data points
Beta

Revenue

$23.61B

Net Income

$601.10M

2.5% Net Margin

Cash & Equivalents

$22.80M

Free Cash Flow

-$268.60M

Financial Statements
Beta
Revenue$23.61B
Operating Expenses$22.52B
Operating Income$1.12B
Interest Expense-$324.20M
Net Income$601.10M

Key Highlights

  • 1EPD operates as a significant North American midstream energy company, engaged in the transportation, storage, marketing, and processing of natural gas, NGLs, and crude oil.
  • 2The 10-K filing covers the business and properties, risk factors, legal proceedings, and financial performance for the fiscal year ending December 30, 2006.
  • 3Management's Discussion and Analysis (MD&A) is a key section for investors to understand the company's operational performance, financial condition, and future outlook.
  • 4The company's extensive infrastructure assets, including pipelines and storage facilities, are central to its business model and revenue streams.
  • 5Investors should analyze risk factors presented in the filing, which may include market price volatility, regulatory environments, and operational hazards.
  • 6The filing structure outlines detailed information across various sections, including financial statements, market risk disclosures, and corporate governance.

Frequently Asked Questions

While the provided filing outline does not detail specific segment revenues for 2006, EPD's core business revolves around the midstream energy sector. This includes the transportation, storage, marketing, and processing of natural gas, natural gas liquids (NGLs), and crude oil. Revenue is primarily generated through fees for these services, such as transportation tariffs, storage fees, and margins from the sale of NGLs and refined products.

The filing's 'Risk Factors' section (Item 1A) would typically detail significant risks. Based on EPD's business, common risks for midstream energy companies include volatility in commodity prices (natural gas, NGLs, crude oil), changes in regulatory environments, operational risks (accidents, pipeline integrity), competition, and counterparty credit risk. Investors should review the specific disclosures in the full 10-K for detailed information.

Detailed financial statements and supplementary data are found in Item 8 of the 10-K. Crucially, Management's Discussion and Analysis of Financial Condition and Results of Operations (Item 7) provides management's perspective on the financial results, liquidity, capital resources, and trends affecting the business, which is essential for investor analysis.

Item 5, 'Market for Registrant's Common Equity, Related Unitholder Matters and Issuer Purchases of Equity Securities,' would contain information about EPD's common units, market trading, and any equity repurchase programs during the reporting period. This helps investors understand the company's share structure and equity actions.