8-KRegulation FDExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Regulation FD Disclosure (Mar 29, 2007)

Filed March 29, 2007For Securities:EPDEPDU

Summary

This 8-K filing from Enterprise Products Partners L.P. (EPD) announces the release of investor presentations on March 29, 2007. These presentations, delivered by executive officers and the ultimate controlling person, Dan L. Duncan, cover the company's businesses, growth strategies, and recent financial performance. EPD is described as a North American midstream energy company providing a comprehensive range of services for natural gas, NGLs, crude oil, and petrochemicals, with a leading position in developing pipeline and midstream assets across the continental U.S. and Gulf of Mexico. The filing also details the consolidation of Duncan Energy Partners L.P. (DEP) into EPD's financial statements starting Q1 2007, with public DEP unitholders appearing as a noncontrolling interest. Furthermore, the report defines and provides reconciliations for key non-GAAP financial measures used by management, including Gross Operating Margin, Distributable Cash Flow, and EBITDA, emphasizing their importance for assessing operational profitability, cash generation for distributions, and overall financial performance compared to peers. Investors are directed to EPD's website for access to these presentations.

Key Highlights

  • 1Enterprise Products Partners L.P. (EPD) filed an 8-K on March 29, 2007, to disclose investor presentations given by management and controlling person Dan L. Duncan.
  • 2The presentations cover EPD's midstream energy business, growth strategies, and financial performance.
  • 3EPD is a leading North American midstream energy company with extensive pipeline and midstream asset operations.
  • 4The filing clarifies the consolidation of Duncan Energy Partners L.P. (DEP) into EPD's financial statements from Q1 2007 onwards.
  • 5Key non-GAAP financial metrics like Gross Operating Margin, Distributable Cash Flow, and EBITDA are defined and their importance for investors is highlighted.
  • 6Reconciliations for these non-GAAP measures to their nearest GAAP equivalents are provided or referenced.
  • 7The investor presentations are available on EPD's website (www.epplp.com) and will be archived for 90 days.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose investor presentations given by Enterprise Products Partners L.P. (EPD) management and its controlling person, Dan L. Duncan. These presentations provide an overview of the company's business, strategic initiatives, and recent financial results.

Starting from the first quarter of 2007, DEP will be consolidated into EPD's financial statements. Public unitholders of DEP will be shown as a noncontrolling interest, and DEP's borrowings will be included in EPD's consolidated debt.

The key non-GAAP measures discussed are Gross Operating Margin (for operational profitability), Distributable Cash Flow (for assessing cash available for distributions), and EBITDA (for evaluating performance independent of financing and capital structure). These measures are important because management uses them for internal decision-making and they provide investors with insights into the company's operational performance and ability to generate cash, often used for comparison with industry peers.

Investors can access the investor presentations by visiting Enterprise Products Partners' website at www.epplp.com. The presentations will be archived on the website for 90 days following the filing date.