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
NOV Announces Retirements, Reorganization of Operational Segments
2023-10-30 - NOV inc. stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
Advanced Energy Industries Declares Dividend
2023-11-08 - Advanced Energy Industries’ dividend will be payable on Dec. 1 to shareholders of record as of Nov. 20.
ONEOK Hammering Out Plans After Magellan Merger
2023-11-03 - Post ONEOK’s merger with Magellan Midstream, ONEOK executives pitched a flexible network during the company’s third quarter earnings call Oct. 1.
Energy Transfer Hits Record Volumes in 3Q, Pushes Expansions
2023-11-08 - Energy Transfer saw record NGL, oil and terminal volumes in the third quarter while integrating new assets and working on further expansions to its infrastructure.
Diversified Energy Announces Additional Listing on the NYSE
2023-11-16 - This decision follows Diversified’s Oct. 5 announcement that it was no longer pursuing listing its ordinary shares in the U.S. due to equity market dynamics.