HOUSTON--(BUSINESS WIRE)--Jan. 14, 2013--
Enterprise Products Partners L.P. (NYSE: EPD) announced today that the
board of directors of its general partner declared an increase in the
quarterly cash distribution rate paid to partners to $0.66 per common
unit, or $2.64 per unit on an annualized basis. The quarterly
distribution will be paid on Thursday, February 7, 2013, to unitholders
of record as of the close of business on Thursday, January 31, 2013.
This distribution rate, which represents a 6.5 percent increase over the
$0.62 per unit distribution rate declared with respect to the fourth
quarter of 2011, is the 43rd distribution rate increase since
Enterprise’s initial public offering in 1998 and the 34th
consecutive quarterly increase.
Enterprise will announce its fourth quarter of 2012 earnings on
Thursday, January 31, 2013, 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. The partnership’s assets include
approximately 50,700 miles of onshore and offshore pipelines; 190
million barrels of storage capacity for NGLs, petrochemicals, refined
products and crude oil; and 14 billion cubic feet of natural gas storage
capacity. 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.
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 and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements
are subject to risks and uncertainties that may cause actual results to
differ materially from expectations, 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 Enterprise’s reports filed with the Securities and
Exchange Commission. 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.
Source: Enterprise Products Partners L.P.
Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812
Rick Rainey, (713) 381-3635