Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Enterprise Products Partners L.P.    EPD

Delayed Quote. Delayed  - 10/27 10:02:06 pm
26.07 USD   -2.98%
10/27 PRODUCTS PARTNE : Enterprise Products meets 3Q profit forecasts
10/27 PRODUCTS PARTNE : Enterprise Reports Results for Third Quarter 2016
10/27 ENTERPRISE PROD : ex-dividend day
News SummaryMost relevantAll newsSector news 

Enterprise Products Partners L.P. : Enterprise to Expand LPG Export Facility at Oiltanking on Houston Ship Channel

share with twitter share with LinkedIn share with facebook
share via e-mail
01/07/2014 | 01:32pm CEST

Enterprise Products Partners L.P. (NYSE: EPD) today announced a further expansion of its liquefied petroleum gas ("LPG") export terminal at Oiltanking's complex on the Houston Ship Channel. Enterprise's expanded LPG terminal is supported by a 50-year service agreement with Oiltanking Partners, L.P. (NYSE: OILT) to provide additional dock space and related services. The expanded LPG export terminal is expected to be in service by the end of 2015 and is supported by long-term LPG export agreements. Upon completion of the expanded facilities, Enterprise will have aggregate capacity to load in excess of 16 million barrels per month of low-ethane propane and/or butane. This expansion is in lieu of a second LPG terminal announced in October 2013 and will result in more capacity than previously anticipated.

"We are pleased to announce the expansion of our LPG export marine terminal and the associated 50-year agreement with Oiltanking," said Michael A. Creel, chief executive officer of Enterprise's general partner. "The decision to expand at Oiltanking was directly attributable to our joint experience of loading LPG vessels on the Houston Ship Channel and our 33-year relationship with Oiltanking. Demand for both current and future LPG exports continues to be strong. The location of the expanded terminal at Oiltanking enables us to increase maximum loading capacity to approximately 27,000 barrels per hour, the highest in the industry, while nominally reducing the overall capital costs associated with the project."

"On the ethane front, we continue to negotiate with several customers that would support the development of an ethane export terminal. Our site evaluation for this facility continues. Depending on the outcome of these discussions, estimated ethane export demand and ship draft requirements, we expect the ethane export facility will be sited either adjacent to our refined products export terminal in Beaumont or on the Houston Ship Channel."

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 (including LPG); 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. The partnership's assets include approximately 51,000 miles of onshore and offshore pipelines; 200 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Additional information regarding Enterprise can be found on its website, www.enterpriseproducts.com.

This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of such activities, events, developments or transactions, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors included in the reports filed with the Securities and Exchange Commission by Enterprise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Enterprise Products Partners L.P.
Randy Burkhalter, 713-381-6812 or 866-230-0745
Investor Relations
Rick Rainey, 713-381-3635
Media Relations

© Business Wire 2014
share with twitter share with LinkedIn share with facebook
share via e-mail
10/27 PRODUCTS PARTNERS L P : Enterprise Products meets 3Q profit forecasts
10/27 ENTERPRISE PRODUCTS PARTNERS L P : Results of Operations and Financial Condition..
10/27 PRODUCTS PARTNERS L P : Enterprise Reports Results for Third Quarter 2016
10/27 ENTERPRISE PRODUCTS PARTNERS L.P. : ex-dividend day
10/26DJEnterprise 'Still Investigating' Cause of Oil Pipeline Spill
10/24DJSeaway Restarts One of Two Pipelines Shut After Spill -- 2nd Update
10/24DJPRODUCTS PARTNERS L P : Oil Prices Fall After Iraq Signals Doubts Over OPEC Cut
10/14 PRODUCTS PARTNERS L P : Oklahoma/ in brief
10/05 PRODUCTS PARTNERS L P : Enterprise Declares Quarterly Distribution Increase
09/29 PRODUCTS PARTNERS L P : Enterprise Products Partners to Participate in J.P. Morg..
More news
Sector news : Oil & Gas Transportation Services - NEC
10/26DJEnterprise 'Still Investigating' Cause of Oil Pipeline Spill
10/24DJSeaway Restarts One of Two Pipelines Shut After Spill -- 2nd Update
10/19 EXXON MOBIL : Oil up over 2 percent; U.S. crude at 15-month high on big drawdown
10/19DJKINDER MORGAN : Swings to Surprise Loss
10/17 Carl Icahn on CNBC says a lot of companies are 'way overvalued'
More sector news : Oil & Gas Transportation Services - NEC
News from SeekingAlpha
06:59a WALL STREET BREAKFAST : Traders Look To GDP Report
10/27 Enterprise Products Partners LP (EPD) Q3 2016 Results - Earnings Call Transcr..
10/27 Enterprise Products drifts lower after in-line Q3
10/27 What Is Fractionation And Why Should I Care?
10/27 Enterprise Products Partners EPS in-line, beats on revenue
Financials ($)
Sales 2016 22 390 M
EBIT 2016 3 604 M
Net income 2016 2 574 M
Debt 2016 23 063 M
Yield 2016 6,17%
P/E ratio 2016 21,07
P/E ratio 2017 18,58
EV / Sales 2016 3,47x
EV / Sales 2017 3,06x
Capitalization 54 605 M
More Financials
Duration : Period :
Enterprise Products Partne Technical Analysis Chart | EPD | US2937921078 | 4-Traders
Full-screen chart
Technical analysis trends ENTERPRISE PRODUC...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 32,5 $
Spread / Average Target 25%
Consensus details
EPS Revisions
More Estimates Revisions
A. James Teague Chief Executive Officer & Director
W. Randall Fowler President & Director
Randa Duncan Williams Non-Executive Chairman
Bryan F. Bulawa Chief Financial Officer & Senior Vice President
Paul G. Flynn Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENBRIDGE INC30.34%41 212
More Results