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EPD SEC Filings

ENTERPRISE PRODUCTS PARTNERS L.P. - 563 total filings

Showing 1–50 of 563 filings
8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Feb 3, 2026)

Feb 3, 2026

Enterprise Products Partners L.P. (EPD) has filed a Form 8-K on February 3, 2026, to report its financial and operating results for the fourth quarter and full year ended December 31, 2025. The filing includes a press release announcing these results, which will also be discussed during a webcast conference call. Investors should refer to the furnished earnings press release (Exhibit 99.1) for detailed financial figures and operational performance metrics. This report serves as the primary channel for EPD to communicate its most recent financial outcomes to the market.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Regulation FD Disclosure (Dec 15, 2025)

Dec 15, 2025

Enterprise Products Partners L.P. (EPD) has announced the successful closing of ExxonMobil's acquisition of a 40 percent undivided joint interest in its Bahia natural gas liquids pipeline. This transaction represents a significant development for EPD, indicating a strategic partnership that likely unlocks further growth and operational efficiencies for the Bahia pipeline. The involvement of a major player like ExxonMobil suggests strong validation of the pipeline's value and future potential. Investors should view this as a positive step, potentially leading to enhanced cash flows and a stronger competitive position within the NGL infrastructure sector.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Regulation FD Disclosure (Nov 20, 2025)

Nov 20, 2025

Enterprise Products Partners L.P. (EPD) filed an 8-K on November 20, 2025, primarily to report a press release dated November 20, 2025. While the 8-K itself does not contain significant new financial data or strategic announcements, its purpose is to formally disclose information that was disseminated through the press release. Investors should refer to the press release referenced as Exhibit 99.1 for the substantive details of the announcement.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Nov 20, 2025)

Nov 20, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K report announcing a key executive appointment. The board of directors of its general partner has elected Michael C. “Tug” Hanley as Executive Vice President and Chief Commercial Officer, effective December 1, 2025. This appointment signals a shift in commercial leadership and may impact the company's strategic direction and market engagement. Investors should pay close attention to how Mr. Hanley's experience and vision will influence EPD's commercial strategies, particularly in the dynamic energy midstream sector. The press release, filed as an exhibit, likely contains further details regarding his background and the expected contributions to the partnership's growth and operational efficiency.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Nov 14, 2025)

Nov 14, 2025

Enterprise Products Partners L.P. (EPD) has announced the completion of a public offering of approximately $1.65 billion in aggregate principal amount of senior notes. This offering consists of three tranches: $300.0 million of 4.30% senior notes due 2028, $600.0 million of 4.60% senior notes due 2031, and $750.0 million of 5.20% senior notes due 2036. These notes represent re-openings of existing debt series issued earlier in 2025, meaning they share the same terms and CUSIP numbers as the original issuances, and are guaranteed on an unsecured, unsubordinated basis by the Partnership. The net proceeds from this offering are earmarked for general corporate purposes, including funding growth capital investments and potential acquisitions. Additionally, a significant portion of the proceeds will be used for debt repayment, specifically targeting the maturity of its $750.0 million of 5.05% Senior Notes FFF due January 2026 and its $875.0 million of 3.70% Senior Notes PP due February 2026, as well as amounts outstanding under its commercial paper program. This debt management strategy indicates a proactive approach to balancing its capital structure and meeting upcoming financial obligations.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q3 Ended Sep 30, 2025

Nov 6, 2025

Enterprise Products Partners L.P. (EPD) reported financial results for the nine months ended September 30, 2025, showing a decrease in total revenues to $38.8 billion from $42.0 billion in the prior year, largely due to lower marketing revenues driven by decreased commodity prices. Despite the revenue decline, the company's operational performance remained robust, with net income attributable to common unitholders at $4.17 billion for the nine-month period, down slightly from $4.28 billion in the same period last year. The company's extensive midstream infrastructure, covering natural gas, NGLs, crude oil, and petrochemicals, continues to generate strong fee-based earnings, contributing to a stable distribution coverage ratio of 1.6x. EPD also demonstrated active capital allocation, with significant investments in growth projects and a substantial increase in its unit repurchase program, signaling confidence in future cash flows and a commitment to returning capital to unitholders.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Oct 30, 2025)

Oct 30, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K report disclosing its third-quarter 2025 financial and operating results, alongside a significant enhancement to its capital return strategy. The company announced an increase in its authorized common unit buyback program, boosting the total authorized amount from $2.0 billion to $5.0 billion. This move signals continued confidence from management in the company's value and its ability to generate free cash flow for shareholder returns. Investors should note that the detailed financial and operating results are provided in the earnings press release furnished as an exhibit. The expanded buyback program, with $3.6 billion in remaining capacity as of October 30, 2025, offers a substantial avenue for EPD to reduce share count and potentially enhance unit-holder value over the medium to long term.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q2 Ended Jun 30, 2025

Aug 8, 2025

Enterprise Products Partners L.P. (EPD) reported its financial results for the quarter ending June 30, 2025. Total revenues decreased compared to the prior year's quarter, primarily driven by lower marketing revenues due to decreased average sales prices across NGLs, crude oil, petrochemicals, and refined products. However, midstream services revenues saw a modest increase, indicating resilience in their core infrastructure operations. Net income attributable to common unitholders slightly increased, suggesting effective cost management and a stable operational performance despite revenue headwinds. The company continues to invest in growth capital projects, with significant expenditures in natural gas gathering, processing, and export facilities. These investments are expected to support future cash flows. EPD maintained its quarterly cash distribution, demonstrating a commitment to returning capital to unitholders, and its distribution coverage ratio remained robust, indicating ample cash flow to cover distributions. The company also continues its unit buyback program, further enhancing shareholder returns.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Jul 28, 2025)

Jul 28, 2025

Enterprise Products Partners L.P. (EPD) filed an 8-K on July 27, 2025, to report its financial and operating results for the second quarter ended June 30, 2025. The press release announcing these results, furnished as Exhibit 99.1, is the primary information source in this filing. Investors should refer to this press release for detailed financial performance, segment results, and operational metrics. This filing serves as a notification to the market regarding the release of EPD's quarterly earnings and the associated conference call for discussion. While the 8-K itself is brief, it signals the availability of comprehensive financial data that will allow investors to assess the partnership's performance against prior periods and market expectations.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Jul 2, 2025)

Jul 2, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K report announcing a significant development regarding its export activities. Specifically, the company received a letter from the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, effective July 2, 2025, rescinding previously imposed license requirements on the export, reexport, or transfer of ethane to China or to Chinese 'military end users.' This move effectively removes a key regulatory hurdle that had previously impacted EPD's ability to conduct certain ethane transactions. This rescission of license requirements is a positive development for EPD, potentially opening up new opportunities and enhancing its competitive position in the global energy markets, particularly concerning exports to China. Investors should monitor the company's subsequent communications for any updated guidance on how this change might impact future volumes, revenues, and profitability related to ethane exports.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Jun 25, 2025)

Jun 25, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K report on June 24, 2025, primarily to disclose receipt of a letter from the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce. While the specific content of the BIS letter is not detailed within this filing, its disclosure suggests a potential area of regulatory inquiry or communication that investors should monitor. The filing itself is brief and does not contain financial statements or other operational updates, focusing solely on this regulatory communication.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Jun 20, 2025)

Jun 20, 2025

Enterprise Products Partners L.P. (EPD) has completed a significant public offering of senior notes, raising a total of $2.0 billion. This offering consists of three tranches: $500.0 million in 4.30% senior notes due 2028, $750.0 million in 4.60% senior notes due 2031, and $750.0 million in 5.20% senior notes due 2036. The notes are guaranteed by the Partnership, providing a crucial layer of security for investors. This capital raise is intended to fund general corporate purposes, including strategic growth initiatives, potential acquisitions, and the repayment of existing debt, such as amounts outstanding under EPO's commercial paper program. This move signals EPD's proactive approach to managing its capital structure and supporting its operational expansion. Investors should note the varying interest rates and maturity dates across the different tranches, offering flexibility in investment horizons. The inclusion of make-whole provisions for early redemption, alongside standard redemption options at par after certain dates, provides further detail on the potential yield and callability of these debt instruments. The company has also provided clear details regarding the indentures and the underwriting agreement, emphasizing transparency with its investors.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (May 29, 2025)

May 29, 2025

Enterprise Products Partners L.P. (EPD) has been notified by the U.S. Department of Commerce's Bureau of Industry and Security (BIS) that a license is now required for the export, reexport, or transfer of specific ethane and butane products (95% purity or greater) to China or Chinese military end-users. This requirement stems from concerns that these products could be used for military purposes or support China's military-civil fusion strategy. The company is currently evaluating its procedures and the potential scope of affected transactions, acknowledging that it cannot guarantee obtaining the necessary licenses in a timely manner, or at all. The company is also unable to determine the impact on alternative markets, product pricing, or the broader U.S. crude oil and natural gas production. While the full financial impact is currently unascertainable, the Partnership's export services for these specific products may be affected if licenses are not secured, which could have implications given that a significant portion of EPD's and overall U.S. ethane exports have been directed to China.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q1 Ended Mar 31, 2025

May 7, 2025

Enterprise Products Partners L.P. (EPD) reported its first-quarter 2025 financial results, showcasing solid operational performance and continued strategic investments. Total revenues increased to $15.42 billion, up from $14.76 billion in the prior year's quarter, driven primarily by higher marketing revenues across NGL and petrochemical segments, though partially offset by lower average sales prices in certain areas. The company maintained healthy operating income of $1.76 billion, demonstrating effective cost management despite increased operating expenses, which rose due to higher maintenance, compensation, and utility costs. EPD generated $2.31 billion in cash flow from operations, a notable increase from $2.11 billion in the first quarter of 2024, reflecting improved operational efficiency and working capital management. The company continued its aggressive capital expenditure program, investing $1.06 billion in growth and sustaining projects, with significant focus on natural gas processing expansions and NGL infrastructure. Furthermore, EPD returned $1.17 billion to unitholders through cash distributions, maintaining its commitment to shareholder returns while retaining substantial cash for reinvestment and debt management. The company maintained investment-grade credit ratings, indicating a stable financial position.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (May 2, 2025)

May 2, 2025

This 8-K filing from Enterprise Products Partners L.P. (EPD) details the effective resignation of Brent B. Secrest as Executive Vice President and Chief Commercial Officer, effective May 1, 2025. The filing outlines the terms of his separation agreement, including significant cash payments and continued medical benefits, contingent upon his adherence to specific non-compete and non-solicitation clauses during a 12-month restricted period. Investors should note the financial implications of this separation agreement, which includes a total separation payment of $16.5 million, phased over two payments. The conditions for receiving the full payment are crucial, as failure to comply will result in forfeiture of the remaining amount. Mr. Secrest's agreement also includes standard provisions regarding the protection of confidential information and a waiver of certain legal claims against the company and its affiliates.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Apr 29, 2025)

Apr 29, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K report on April 29, 2025, to announce its first-quarter 2025 financial and operating results. The filing includes a press release (Exhibit 99.1) detailing these results, which will also be discussed on a webcast conference call. Investors should refer to the furnished press release for the specific financial metrics, operational performance, and any forward-looking statements regarding the quarter ended March 31, 2025. The primary purpose of this 8-K is to provide timely disclosure of EPD's quarterly performance to the investing public. While the 8-K itself does not contain the detailed financial tables, it serves as the official notification and incorporation by reference of the earnings press release. Therefore, for a comprehensive understanding of EPD's financial condition, operating results, and management's commentary, investors must review the accompanying press release.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Apr 22, 2025)

Apr 22, 2025

Enterprise Products Partners L.P. (EPD) has filed an 8-K disclosing the resignation of Brent B. Secrest, Executive Vice President and Chief Commercial Officer of its general partner, effective May 1, 2025. Mr. Secrest's departure from this key executive role marks a significant change in the company's commercial leadership. While the terms of his departure are still under discussion, investors should monitor further announcements regarding any severance packages or ongoing arrangements. This event necessitates a focus on the transition plan for commercial operations and leadership continuity within EPD.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Mar 28, 2025)

Mar 28, 2025

Enterprise Products Partners L.P. (EPD) announced significant updates to its credit facilities through its operating subsidiary, Enterprise Products Operating LLC (EPO). The company has entered into a new $1.5 billion 364-Day Revolving Credit Agreement, replacing its previous facility of the same type. This new agreement provides flexible borrowing capacity for working capital, capital expenditures, and acquisitions, with an option to increase the facility by $200 million under certain conditions. The debt is guaranteed by the Partnership but remains unsecured. Furthermore, EPD has extended the maturity date of its larger, multi-year revolving credit facility. This amendment pushes the maturity from March 31, 2028, to March 28, 2030, offering enhanced long-term financial flexibility. This facility also has an option for further one-year extensions with lender consent and can be increased by up to $500 million. These actions demonstrate proactive management of the company's liquidity and debt structure, providing a stable financial foundation for ongoing operations and strategic initiatives.

10-K

ENTERPRISE PRODUCTS PARTNERS L.P. Annual Report, Year Ended Dec 31, 2024

Feb 28, 2025

Enterprise Products Partners L.P. (EPD) reported strong operational performance for the year ending December 31, 2024. The company's extensive midstream energy infrastructure network, spanning natural gas, NGLs, crude oil, petrochemicals, and refined products, demonstrated robust utilization and growth. Key highlights include significant increases in NGL pipeline transportation volumes and LPG export activities, driven by strong demand and expanded capacity. The company also saw growth in its natural gas gathering and processing segments, particularly in the Permian Basin, supported by strategic acquisitions and new project completions. Financially, EPD continued to strengthen its balance sheet and maintain solid liquidity. Capital investments were strategically deployed into growth projects, including expansions in NGL fractionation and export capabilities, alongside ongoing investments in natural gas infrastructure. The company's diversified business model and long-term contracts with quality customers provided resilience against commodity price volatility, contributing to stable cash flows and supporting distributions to unitholders. EPD remains focused on operational efficiency, safety, and strategic expansion to meet evolving energy market demands.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Feb 4, 2025)

Feb 4, 2025

Enterprise Products Partners L.P. (EPD) filed an 8-K on February 4, 2025, to announce its financial and operating results for the fourth quarter and full year ended December 31, 2024. The accompanying press release, furnished as Exhibit 99.1, contains the detailed results and will be further discussed in an upcoming webcast conference call. Investors should refer to this press release for comprehensive information on EPD's performance during the reporting periods. While the 8-K itself does not contain the specific financial figures, it serves as the official notification that the earnings release is now publicly available. This filing is a routine event for publicly traded companies and signals the availability of key performance indicators, segment results, and management's commentary on the business environment and future outlook. Investors are advised to access Exhibit 99.1 directly for insights into revenue, profitability, capital expenditures, and other material financial and operational metrics.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q3 Ended Sep 30, 2024

Nov 8, 2024

Enterprise Products Partners L.P. (EPD) reported a strong third quarter of 2024, with total revenues increasing by 15% year-over-year to $13.78 billion, driven by robust growth across its NGL and Petrochemical & Refined Products segments. This top-line expansion translated into significant earnings growth, with net income attributable to common unitholders rising by approximately 7.5% to $1.42 billion, or $0.65 per diluted unit. The company demonstrated effective operational management, as evidenced by a 5.3% increase in total segment gross operating margin to $2.45 billion. EPD also continued its disciplined capital allocation, investing heavily in growth projects while maintaining a strong liquidity position of $5.6 billion. The company declared a quarterly cash distribution of $0.525 per common unit, reflecting confidence in its ongoing financial performance and commitment to unitholder returns.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Oct 29, 2024)

Oct 29, 2024

Enterprise Products Partners L.P. (EPD) filed an 8-K on October 29, 2024, to report its financial and operating results for the third quarter ended September 30, 2024. The core of this filing is the earnings press release (Exhibit 99.1) which contains the detailed financial performance and operational metrics for the period. Investors should refer to this press release for specific figures on revenue, earnings, distributable cash flow, and other key performance indicators relevant to the midstream energy sector. While this 8-K primarily serves as a notification and furnishing of the earnings release, the information contained within that release is crucial for understanding EPD's recent performance, its ability to generate cash flow for distributions, and its operational outlook. The company also announced a webcast conference call to discuss these results, providing an opportunity for further investor engagement and clarification on the reported financial condition and operational activities.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q2 Ended Jun 30, 2024

Aug 9, 2024

Enterprise Products Partners L.P. (EPD) reported strong financial results for the second quarter and first half of 2024. Total revenues significantly increased year-over-year, driven by robust performance across its NGL, Crude Oil, and Petrochemical & Refined Products segments. This growth was fueled by higher sales volumes and, in some areas, improved pricing. The company demonstrated operational efficiency, with increases in gross operating margin across most segments, particularly in NGL Pipelines & Services and Petrochemical & Refined Products Services. Financially, EPD maintained a solid liquidity position and managed its debt effectively. Capital expenditures were substantial, reflecting ongoing investments in growth projects, particularly in natural gas processing and export capacity expansions. The company also continued its unit repurchase program, returning capital to unitholders. Management anticipates continued strong performance driven by infrastructure growth and favorable market conditions, positioning EPD as a stable and growing entity in the midstream energy sector.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Aug 8, 2024)

Aug 8, 2024

Enterprise Products Partners L.P. (EPD) announced on August 8, 2024, the successful completion of a public offering of $2.5 billion in aggregate principal amount of senior notes. This offering consists of $1.1 billion of 4.95% senior notes due 2035 and $1.4 billion of 5.55% senior notes due 2055. These notes are guaranteed on an unsecured and unsubordinated basis by EPD and were issued by its subsidiary, Enterprise Products Operating LLC (EPO). The issuance aims to bolster the company's capital structure and potentially refinance existing debt or fund growth initiatives. The senior notes have varying maturity dates and interest rates, with provisions for early redemption, including call options at par after specific dates. Investors should note that the details of these notes and their terms are further described in the company's prior SEC filings, referenced in this report.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Aug 5, 2024)

Aug 5, 2024

Enterprise Products Partners L.P. (EPD) announced a significant debt financing transaction through its subsidiary, Enterprise Products Operating LLC (EPO). The company has entered into an underwriting agreement for the public offering of $1.1 billion in 4.95% senior notes due 2035 and $1.4 billion in 5.55% senior notes due 2055, totaling $2.5 billion in aggregate principal amount. These notes are guaranteed by EPD. The net proceeds from this offering are earmarked for general corporate purposes, including growth capital investments, and to repay existing debt. Notably, a portion of the proceeds may be used to refinance EPD's 3.75% senior notes due 2025. This move suggests a strategy to manage its debt profile, potentially extending maturity dates and optimizing interest expense. Investors should note that some of the underwriters or their affiliates may be significant holders of the debt being repaid.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Jul 30, 2024)

Jul 30, 2024

Enterprise Products Partners L.P. (EPD) reported strong second quarter 2024 financial results, demonstrating robust growth across key segments. The company posted net income attributable to common unitholders of $1.4 billion, or $0.64 per unit, an increase from $1.3 billion, or $0.57 per unit, in the prior year's second quarter. This growth was underpinned by a significant rise in total gross operating margin, reaching $2.4 billion, up from $2.2 billion in Q2 2023, reflecting the operational strength and strategic expansions of the partnership. Several segments contributed to this positive performance, notably NGL Pipelines & Services, which saw its gross operating margin increase to $1.3 billion, driven by record processing and transportation volumes. The Petrochemical & Refined Products Services segment also showed growth. Furthermore, EPD announced plans to expand its LPG export capacity at the Enterprise Hydrocarbon Terminal (EHT) with a new refrigeration train expected online by the end of 2026, which will add approximately 300 MBPD of propane and butane export capability. The company also continues to advance its capital projects, with significant growth capital expenditures planned for 2024 and 2025.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q1 Ended Mar 31, 2024

May 9, 2024

Enterprise Products Partners L.P. (EPD) reported solid financial results for the first quarter of 2024, with total revenues increasing by 18.5% year-over-year to $14.76 billion. This growth was primarily driven by higher sales volumes across its marketing activities, particularly in crude oil and petrochemicals and refined products, despite a slight decrease in average sales prices for some commodities. The company's midstream services also saw an increase in revenues, contributing to an overall improvement in operating income, which rose to $1.82 billion. EPD demonstrated strong operational execution with net cash flows from operating activities significantly increasing to $2.11 billion, up from $1.58 billion in the prior year's quarter. This robust cash generation supports the company's continued investment in growth capital projects, with approximately $1.05 billion deployed in the quarter. The partnership also maintained its commitment to unitholders by declaring a quarterly cash distribution of $0.5150 per common unit, underscoring its focus on returning value while reinvesting in its extensive midstream infrastructure network.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Apr 30, 2024)

Apr 30, 2024

Enterprise Products Partners L.P. (EPD) has filed an 8-K report on April 30, 2024, to furnish its earnings press release for the three months ended March 31, 2024. While the 8-K itself is brief and primarily serves to incorporate the press release by reference, the underlying earnings announcement is crucial for investors seeking insights into the partnership's performance. This filing indicates that EPD has released its first-quarter 2024 financial and operating results and will be holding a conference call to discuss these figures.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Mar 29, 2024)

Mar 29, 2024

Enterprise Products Partners L.P. (EPD), through its operating subsidiary Enterprise Products Operating LLC (EPO), has entered into a new 364-Day Revolving Credit Agreement. This agreement provides EPO with access to up to $1.5 billion in borrowing capacity, which can be extended to $1.7 billion under certain conditions. The revolving credit facility, maturing on March 28, 2025, replaces a similar agreement that expired on the same date. Proceeds can be used for working capital, capital expenditures, acquisitions, and general corporate purposes, indicating continued flexibility for strategic initiatives and operational needs.

10-K

ENTERPRISE PRODUCTS PARTNERS L.P. Annual Report, Year Ended Dec 31, 2023

Feb 28, 2024

Enterprise Products Partners L.P. (EPD) has reported its 2023 annual results, showcasing a robust performance driven by its integrated midstream energy infrastructure. The company's extensive network, which spans natural gas, NGLs, crude oil, and petrochemicals, facilitated significant volumes across its segments. Key financial highlights include strong gross operating margins, demonstrating operational efficiency and effective cost management. EPD continues to invest in growth projects, particularly in the Permian Basin, and has recently completed several expansions and asset acquisitions to support future production. The company also highlighted its solid balance sheet and liquidity position, supported by investment-grade credit ratings and access to capital markets. Management remains optimistic about long-term energy demand, driven by global population growth and increasing energy access in developing economies, positioning EPD to capitalize on these trends.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Feb 16, 2024)

Feb 16, 2024

This 8-K filing from Enterprise Products Partners L.P. (EPD) announces a key executive leadership change. Effective March 1, 2024, R. Daniel Boss has been promoted to Executive Vice President and Chief Financial Officer (CFO) of Enterprise GP, the general partner. Mr. Boss, a Certified Public Accountant with extensive experience within EPD since 2008 in various financial and risk management roles, will also continue to serve as the principal accounting officer. This promotion signifies internal succession and continuity in financial leadership. Mr. Boss's new responsibilities will include the overall leadership of Enterprise's Internal Audit organization in addition to his existing oversight of Accounting, Risk Control, and Information Technology. He will report to Co-CEO W. Randall Fowler, who will continue in his CEO role alongside A. James Teague. Other finance-related executives, Christian M. Nelly and Penny R. Houy, will continue in their roles and report to Mr. Fowler.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Feb 1, 2024)

Feb 1, 2024

Enterprise Products Partners L.P. (EPD) has filed an 8-K report on February 1, 2024, to announce its fourth quarter and full-year 2023 financial and operating results. The primary purpose of this filing is to incorporate by reference the earnings press release issued on the same date, which contains the detailed financial performance and operational metrics for the periods ending December 31, 2023. Investors should refer to the furnished earnings press release (Exhibit 99.1) for comprehensive details on the company's performance, including revenues, net income, distributable cash flow, and segment operational highlights. This 8-K serves as a notification that EPD has publicly disclosed its latest financial results and is holding a conference call to discuss them. The filing itself does not contain the detailed financial tables or narrative analysis; these are found within the accompanying press release. Investors seeking to understand EPD's financial health, operational efficiency, and future outlook should carefully review the information presented in the Exhibit 99.1 earnings release.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Jan 11, 2024)

Jan 11, 2024

Enterprise Products Partners L.P. (EPD) announced the completion of a public offering of $2.0 billion in aggregate principal amount of senior notes. This offering comprises $1.0 billion of 4.60% senior notes due 2027 and $1.0 billion of 4.85% senior notes due 2034. The notes are guaranteed by the Partnership, indicating a commitment to fulfilling these debt obligations. The proceeds from this offering are intended to fund general partnership purposes, which may include repaying existing debt or funding capital expenditures, although specific use of proceeds is not detailed in this filing. This issuance represents a significant capital raise for EPD, allowing the company to manage its debt structure and potentially finance growth initiatives. Investors should note the different interest rates and maturity dates for the two tranches of notes, as well as the early redemption provisions. The company's ability to raise substantial debt at these rates suggests continued access to capital markets and confidence from investors in its financial stability and business prospects.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Jan 4, 2024)

Jan 4, 2024

Enterprise Products Partners L.P. (EPD) announced on January 4, 2024, the completion of a public offering of $2.0 billion in aggregate principal amount of senior notes. The offering consists of $1.0 billion of 4.60% senior notes due 2027 and $1.0 billion of 4.85% senior notes due 2034, issued by its subsidiary, Enterprise Products Operating LLC (EPO), and guaranteed by EPD. This move signifies a strategic refinancing effort by the company. The proceeds from this issuance are earmarked for general corporate purposes, including funding growth capital investments and, notably, the repayment of outstanding debt. This includes the upcoming maturity of EPO's $850.0 million of 3.90% Senior Notes JJ in February 2024 and amounts under its commercial paper program. The transaction aims to manage EPD's debt profile and ensure financial flexibility for future initiatives.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q3 Ended Sep 30, 2023

Nov 9, 2023

Enterprise Products Partners L.P. (EPD) reported a decrease in total revenues for the third quarter and the first nine months of 2023 compared to the prior year, primarily driven by lower marketing revenues due to decreased commodity prices. Despite lower revenues, the company demonstrated resilience with stable operating income and distributable cash flow (DCF) for the third quarter, largely supported by strong performance in its midstream services and new project completions. Key operational highlights include the successful commissioning of the PDH 2 plant and Frac 12 in July 2023, contributing to increased fractionation capacity and propylene production. The company also announced significant Permian Basin growth projects, including new NGL pipelines and natural gas processing plants, underscoring its commitment to expanding its infrastructure to support growing production. EPD maintained its financial health with $3.8 billion in consolidated liquidity and continued to return capital to unitholders through a declared quarterly cash distribution of $0.50 per unit.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Oct 31, 2023)

Oct 31, 2023

Enterprise Products Partners L.P. (EPD) filed an 8-K on October 31, 2023, to announce its financial and operating results for the third quarter and first nine months of 2023. While this 8-K itself doesn't contain the detailed financial figures, it serves as the official notification and filing mechanism for the accompanying earnings press release (Exhibit 99.1). Investors should refer to the furnished press release for specific performance metrics, including revenue, net income, distributable cash flow, and operational achievements for the periods ended September 30, 2023. The company also indicated that a webcast conference call would be held to discuss these results. This filing is a standard procedural step to ensure public dissemination of the earnings announcement, making the detailed financial information publicly available and auditable. Investors interested in EPD's performance and outlook should consult the full earnings release and any subsequent management commentary from the conference call.

8-K

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Sep 15, 2023)

Sep 15, 2023

Enterprise Products Partners L.P. (EPD) has filed an 8-K report announcing the entry into an equity distribution agreement with a syndicate of thirteen financial institutions, including Citigroup Global Markets Inc. and Barclays Capital Inc., acting as Managers. This agreement allows EPD to issue and sell common units representing limited partner interests from time to time, with an aggregate offering price of up to approximately $2.54 billion. These sales can be executed through ordinary brokerage transactions on the New York Stock Exchange at market prices, block transactions, or by direct sale to a Manager as principal. The units will be issued under a previously filed registration statement on Form S-3.

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ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q2 Ended Jun 30, 2023

Aug 9, 2023

Enterprise Products Partners L.P. (EPD) reported its financial results for the second quarter and first half of 2023. The company experienced a significant decline in total revenues compared to the prior year, primarily driven by lower marketing revenues from NGLs, crude oil, natural gas, and petrochemicals, largely due to decreased average sales prices. Despite the revenue drop, the company's fee-based midstream services demonstrated resilience, with some segments showing growth. Key operational highlights include the successful placement into service of major projects such as the PDH 2 plant, Frac XII NGL fractionator, and the Poseidon natural gas processing plant in July 2023, all supported by long-term contracts. Financially, EPD maintained a strong liquidity position with $4.0 billion in consolidated liquidity as of June 30, 2023. The company also continued its common unit repurchase program, with $1.2 billion remaining capacity. Management declared a quarterly cash distribution of $0.50 per common unit, demonstrating a commitment to returning capital to unitholders, supported by a distributable cash flow of $3.7 billion for the first half of the year, providing a distribution coverage ratio of 1.7x. Overall, EPD navigated a challenging commodity price environment by focusing on its stable fee-based midstream operations and strategic growth projects.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Aug 1, 2023)

Aug 1, 2023

Enterprise Products Partners L.P. (EPD) filed an 8-K on August 1, 2023, to announce its financial and operating results for the second quarter and six months ended June 30, 2023. The filing incorporates by reference the earnings press release (Exhibit 99.1), which provides the detailed results and will be discussed in an upcoming webcast conference call. Investors should refer to the press release for the specific financial figures and operational performance metrics.

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ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q1 Ended Mar 31, 2023

May 10, 2023

Enterprise Products Partners L.P. (EPD) reported its first-quarter 2023 financial results, showcasing resilience and solid operational performance. Total revenues were $12.44 billion, a slight decrease from $13.01 billion in the prior year's comparable quarter, primarily driven by lower marketing revenues. However, the company demonstrated strong operational execution, with a 3% increase in gross operating margin to $2.34 billion, driven by growth in Natural Gas Pipelines & Services and Petrochemical & Refined Products Services segments. Net income attributable to common unitholders rose to $1.39 billion ($0.63 per diluted unit) from $1.30 billion ($0.59 per diluted unit) in Q1 2022. Distributable Cash Flow (DCF) was robust at $1.94 billion, supporting a declared quarterly distribution of $0.49 per common unit. The company also continued its strategic capital deployment, with significant investments in growth projects, including expansions in the Permian Basin and new processing facilities. EPD maintained a strong liquidity position with $4.0 billion available.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (May 2, 2023)

May 2, 2023

Enterprise Products Partners L.P. (EPD) filed an 8-K on May 2, 2023, primarily to furnish its earnings press release for the first quarter ended March 31, 2023. This filing signifies the official release of EPD's quarterly financial and operational performance, providing investors with crucial data points to assess the partnership's recent achievements and future outlook. While the 8-K itself is procedural, the attached press release (Exhibit 99.1) contains the substantive financial results and operational commentary.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Mar 31, 2023)

Mar 31, 2023

Enterprise Products Partners L.P. (EPD), through its operating subsidiary Enterprise Products Operating LLC (EPO), has entered into two new credit agreements as of March 31, 2023. The first is a 364-day revolving credit agreement with a borrowing capacity of up to $1.5 billion, extendable to $1.7 billion. This agreement replaces a similar facility that was set to mature in September 2023 and provides EPO with flexibility for working capital, capital expenditures, and acquisitions. The second agreement is a five-year multi-year revolving credit facility totaling $2.7 billion, with an option to increase to $3.2 billion. This replaces an existing credit agreement and extends the maturity to March 31, 2028, also offering funds for general corporate purposes. Both agreements are unsecured but guaranteed by EPD, and feature covenants that could restrict distributions to the partnership if an event of default occurs. As of the filing date, no borrowings were outstanding under these new facilities.

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ENTERPRISE PRODUCTS PARTNERS L.P. Annual Report, Year Ended Dec 31, 2022

Feb 28, 2023

Enterprise Products Partners L.P. (EPD) reported a strong performance in its 2022 10-K filing, driven by robust demand across its diversified midstream energy infrastructure portfolio. The company benefited from higher commodity prices and increased volumes, particularly in its NGL and Crude Oil segments. Strategic acquisitions, like that of Navitas Midstream, and organic growth projects, including expansions in the Permian Basin and new processing plants, are enhancing EPD's operational capacity and market reach. The company maintained a strong balance sheet and generated significant distributable cash flow, enabling it to return substantial capital to unitholders through distributions and unit repurchases. Looking ahead, EPD is focused on optimizing its existing asset base and executing strategic growth initiatives, including expansions and new construction projects. While acknowledging potential headwinds from macroeconomic uncertainty and commodity price volatility, the company remains well-positioned to capitalize on the continued demand for energy and feedstocks. Management's focus on operational efficiency, cost management, and strategic capital allocation underscores a commitment to long-term unitholder value.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Financial Results (Feb 1, 2023)

Feb 1, 2023

Enterprise Products Partners L.P. (EPD) has filed an 8-K report to disclose its fourth quarter and full-year 2022 financial and operating results, as well as the launch of a new strategic initiative. The earnings press release, furnished as part of this filing, provides the detailed financial performance for the periods ending December 31, 2022. Investors should review this press release for specific metrics related to revenue, profitability, and operational achievements in the past year. Additionally, EPD announced 'Project 9.3', a company-wide initiative aimed at achieving over $9.3 billion in Adjusted EBITDA for fiscal year 2023. This initiative emphasizes financial discipline, innovation, customer focus, and operational efficiency as key drivers for success. While this project sets an ambitious target, the company explicitly states that it does not constitute formal guidance for 2023 actual results, and investors should consider the accompanying cautionary statements regarding forward-looking information.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Jan 10, 2023)

Jan 10, 2023

This 8-K filing by Enterprise Products Partners L.P. (EPD) announces the successful completion of a public offering of $1.75 billion in senior notes issued by its subsidiary, Enterprise Products Operating LLC (EPO). The offering consists of $750 million of 5.05% senior notes due 2026 and $1.0 billion of 5.35% senior notes due 2033. These notes are guaranteed by the parent partnership on an unsecured and unsubordinated basis. The proceeds from this offering are intended to refinance existing debt and for general corporate purposes. This debt issuance indicates the company's ongoing strategy to manage its capital structure and secure long-term financing. Investors should note the coupon rates and maturity dates for these new notes, as well as the terms related to redemption and make-whole premiums. The filing also references previous SEC filings for detailed information regarding the terms of these notes and the underlying indentures.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Jan 5, 2023)

Jan 5, 2023

Enterprise Products Partners L.P. (EPD) announced on January 5, 2023, through an 8-K filing, the completion of a significant public offering of senior notes. Specifically, Enterprise Products Operating LLC (EPO), a subsidiary, successfully issued $750.0 million of 5.05% senior notes due 2026 and $1.0 billion of 5.35% senior notes due 2033, totaling $1.75 billion in aggregate principal amount. The offering is guaranteed by the parent, EPD, providing investors with additional security. The closing of this transaction is expected on January 10, 2023. The proceeds from this offering are earmarked for general corporate purposes, including funding growth capital investments and, notably, the repayment of existing debt. A key planned use of these proceeds is to retire all or a portion of EPO's $1.25 billion of 3.35% senior notes maturing in March 2023, as well as amounts outstanding under its commercial paper program. This strategic debt management suggests a focus on optimizing the company's capital structure and potentially reducing near-term interest expenses.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Dec 29, 2022)

Dec 29, 2022

Enterprise Products Partners L.P. (EPD) filed an 8-K on December 29, 2022, primarily detailing changes to its Board of Directors for the General Partner, effective January 1, 2023. The sole member of the General Partner, Dan Duncan LLC, appointed a new slate of directors. Notably, Rebecca G. Followill, a seasoned petroleum engineer and former securities analyst with extensive energy industry experience, has been appointed as a new director and will also serve on the Audit and Conflicts Committee. This appointment brings valuable expertise in financial analysis and company valuation to the board. In accordance with the Partnership's Governance Guidelines, Richard S. Snell will not be reappointed to the Board as he reached the age of 80 during 2022. However, Mr. Snell has been appointed as an advisory director, continuing his contribution in a non-voting capacity. The filing also confirms the continuation of key leadership roles, with Randa Duncan Williams remaining as non-executive Chairman and Richard H. Bachmann as non-executive Vice Chairman. The composition of various board committees, including Audit and Conflicts, Governance, and Capital Projects, has also been updated to reflect these changes.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Executive Changes (Nov 22, 2022)

Nov 22, 2022

Enterprise Products Partners L.P. (EPD) filed an 8-K report on November 22, 2022, detailing the approval of two key plans by its unitholders: the 2008 Enterprise Products Long-Term Incentive Plan (Fourth Amendment and Restatement) and the EPD Unit Purchase Plan (Sixth Amendment and Restatement). These plans are designed to incentivize and provide opportunities for employees and affiliates of Enterprise Products Company (EPCO) and its subsidiaries to acquire EPD common units. The Long-Term Incentive Plan allows for awards such as options, restricted units, and other unit-based compensation, with a maximum aggregate of 165,000,000 common units available. The Unit Purchase Plan enables eligible employees to purchase EPD common units through payroll deductions, with a maximum of 23,000,000 common units available under this plan. Both plans were overwhelmingly approved by unitholders and are effective until November 22, 2032, or until their respective unit limits are exhausted.

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ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Nov 16, 2022)

Nov 16, 2022

Enterprise Products Partners L.P. (EPD) has announced the settlement of its long-standing litigation concerning the construction of its PDH 1 facility. The company received a cash payment of $115 million from its former contractor, Amec Foster Wheeler USA Corporation (AFW), and its affiliates. This settlement resolves claims stemming from a contract dispute initiated in 2016, where EPD alleged various breaches of contract and negligence related to the engineering, procurement, construction, and installation of the PDH 1 facility. The resolution of this litigation is a positive development for EPD, as it brings a significant legal overhang to a close and results in a substantial cash inflow. Investors can view this as a positive event, removing uncertainty and providing a financial boost that can be utilized for strategic initiatives or returned to unitholders.

10-Q

ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Report for Q3 Ended Sep 30, 2022

Nov 8, 2022

Enterprise Products Partners L.P. (EPD) reported a strong third quarter of 2022, driven by robust growth across its midstream energy infrastructure segments. Total revenues surged significantly year-over-year, largely propelled by strong marketing revenues and higher commodity prices. The company's operating income also saw a healthy increase, reflecting increased volumes and operational efficiencies. EPD continues to invest in growth projects, with several expansions in the Permian Basin and other key areas, demonstrating a commitment to expanding its network and service offerings. The company maintained its financial strength, with ample liquidity and prudent management of its debt obligations. Overall, EPD's third-quarter results indicate a positive operational and financial performance, supported by favorable market conditions and strategic investments in infrastructure.