Enterprise Products Partners L.P. (NYSE:EPD) acquired remaining 25% stake in Enterprise EF78 LLC from Western Midstream Partners, LP (NYSE:WES) on February 16, 2024. In a similar transaction, Enterprise Products Partners L.P. acquired Whitethorn Pipeline Company LLC from affiliates of Western Midstream Partners, LP in a series of debt-free transaction. The combined deal value for both of the transaction is $375 million in total cash. The acquisition was funded with combination of cash on hand and proceeds from the issuance of short-term notes under the partnership?s commercial paper program.

Enterprise Products Partners L.P. (NYSE:EPD) completed the acquisition of remaining 25% stake in Enterprise EF78 LLC from Western Midstream Partners, LP (NYSE:WES) on February 16, 2024.