8-KRegulation FDExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Regulation FD Disclosure (Nov 13, 2006)

Filed November 13, 2006For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed an 8-K on November 13, 2006, to disclose information presented by CEO Robert G. Phillips at the Argus Vision 2007 Conference. The presentation, available as an exhibit, covered the company's businesses, growth strategies, and recent financial performance. EPD is a North American midstream energy company involved in natural gas, NGLs, and crude oil services, with a significant presence in pipeline infrastructure. The filing emphasizes EPD's use of non-GAAP financial measures such as Gross Operating Margin, Distributable Cash Flow (DCF), EBITDA, and Consolidated EBITDA, providing detailed reconciliations to GAAP figures. These measures are presented as key indicators of operational performance, liquidity, and ability to support distributions to unitholders. Investors are directed to the company's website for the full presentation and archived content, which includes forward-looking statements and definitions of industry terms.

Key Highlights

  • 1EPD presented at the Argus Vision 2007 Conference, sharing business updates, growth strategies, and financial performance.
  • 2The company is a significant North American midstream energy provider for natural gas, NGLs, and crude oil.
  • 3The 8-K includes reconciliations for non-GAAP financial measures: Gross Operating Margin, Distributable Cash Flow (DCF), EBITDA, and Consolidated EBITDA.
  • 4Gross Operating Margin is used to assess core profitability of operations and guide capital allocation.
  • 5Distributable Cash Flow is highlighted as a key liquidity metric for comparing cash generated to expected distributions and supporting unitholder returns.
  • 6EBITDA is presented as a measure of financial performance without regard to financing methods and capital structure.
  • 7The investor presentation, filed as Exhibit 99.1, is accessible on EPD's website and will be archived for 90 days.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the content of an investor presentation given by Enterprise Products Partners L.P. (EPD) at the Argus Vision 2007 Conference. This presentation covers the company's business operations, strategies for growth, and recent financial performance.

The key non-GAAP financial measures discussed are Gross Operating Margin, Distributable Cash Flow (DCF), EBITDA, and Consolidated EBITDA. These measures are important because EPD's management uses them to evaluate operational profitability, liquidity, capital allocation decisions, and the ability to support distributions to unitholders. The filing provides detailed reconciliations of these measures to their closest GAAP equivalents.

A copy of the investor presentation is filed as Exhibit 99.1 to this Current Report on Form 8-K. Additionally, interested parties can view and access the presentation by visiting Enterprise Products Partners' website at www.epplp.com, where it will be archived for 90 days.

Distributable Cash Flow (DCF) is presented as a significant liquidity metric for EPD. It is used by management to compare the cash generated by the company against the cash distributions planned for unitholders. For investors, DCF indicates the company's success in generating cash to sustain or potentially increase its quarterly cash distribution rate, which is a key component of partnership unit value.