Enterprise Products Partners LP’s board of directors of its general partner declared a $0.50 per unit quarterly cash distribution for the second quarter of 2023, or $2.00 per unit annually, to be paid to Enterprise’s common unitholders. (Source: Shutterstock.com)
Enterprise Products Partners LP’s board of directors of its general partner declared a $0.50 per unit quarterly cash distribution for the second quarter of 2023, or $2.00 per unit annually, to be paid to Enterprise’s common unitholders.
The quarterly distribution will be paid Aug. 14 to common unitholders on record as of the close of business on July 31. This year is the partnership’s 25th consecutive year of distribution growth, with a 2% increase compared to the previous quarter and a 5.3% increase compared to the distribution in the same quarter of 2022.
In second quarter 2023, Enterprise repurchased 2.9 million common units of its stock for a total purchase price of approximately $75 million as part of its $2 billion stock buyback program.
The North American midstream energy services provider partnership assets include more than 50,000 miles of pipeline, 14 Bcf of natural gas storage capacity and 260 MMbbl of storage capacity for NGLs, crude oil, petrochemicals and refined products.
Recommended Reading
Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
2024-10-04 - Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview.
PEDEVCO Teams Up with Denver E&P To Develop D-J Basin Acreage
2024-10-01 - PEDEVCO is teaming up with a private equity-backed Colorado operator to jointly develop the SW Pony Prospect in Weld County, Colorado.
Dorchester Minerals Closes M&A in Midland, Delaware, D-J
2024-10-01 - Limited partnership Dorchester Minerals closed two transactions in the Permian Basin and in Colorado’s Denver-Julesburg (D-J) Basin.
Marubeni Acquires 50% Stake in Ozona’s Eagle Ford CCS Project
2024-09-25 - Japanese oil and gas producer Marubeni Corp. has acquired a 50% stake in Ozona CCS’ Eagle Ford Shale project in the Hawkville Field.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.