Houston-based midstream company Enterprise Products Partners’ declared a quarterly cash distribution of approximately $0.52 per unit or $2.06 per unit on an annualized basis, according to a Jan. 8 press release.

The distribution will be paid Feb. 14 to common unitholders of record by Jan. 31. The distribution represents a 5.1% increase from the distribution in fourth quarter of 2022 and a 3% increase from third quarter 2023, the release stated.

According to the release, Enterprise repurchased $96 million of its common units during fourth quarter 2023 for a total of $187 million in common units repurchased in 2023.