Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.37 per common unit, or $1.48 per unit on an annualized basis. The quarterly distribution will be paid on Friday, February 6, 2015, to unitholders of record as of the close of business on Friday, January 30, 2015. This distribution, which represents a 5.7 percent increase over the $0.35 per unit distribution (as adjusted for the two-for-one split of Enterprise’s common units in August 2014), declared with respect to the fourth quarter of 2013, is the 51stdistribution increase since Enterprise’s initial public offering in 1998 and the 42nd consecutive quarterly increase.
Enterprise will announce its earnings for the fourth quarter of 2014 on Thursday, January 29, 2015, before the New York Stock Exchange opens for trading. Following the announcement, the company will host a conference call at 9 a.m. CT with analysts and investors to discuss its fourth quarter earnings. The call will be broadcast live on the Internet and may be accessed at the company’s website,www.enterpriseproducts.com.
To listen to the webcast, participants should access the “Investors” section of the company’s website at least 15 minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and may be accessed one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil and refined products transportation, storage and terminals; offshore production platforms; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. Additional information regarding Enterprise can be found on its website, www.enterpriseproducts.com.
