If you're looking for a dividend stock you can count on, Enterprise Products Partners (EPD -0.23%) is one worth considering. For over 25 years, the company has raised its distribution annually to shareholders, and today, it yields investors 7.7%.Enterprise Products Partners operates in the oil and gas industry, but its structure makes it less vulnerable to the wild price swings in these energy products. The company is a solid dividend stock, but there are at least three things you'll want to consider before ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission file number: 1-14323 ENTERPRISE PRODUCTS PARTNERS L.P. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission file number: 1-14323 ENTERPRISE PRODUCTS PARTNERS L.P. 1100 Louisiana Street, 10th Floor (Exact Name of Registrant as Specified in Its Charter) Hou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Houston, Texas 77002 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission file number: 1-14323 ENTERPRISE PRODUCTS PARTNERS L.P. (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

Financial Data and Key Metrics - Net income attributable to common unitholders for Q1 2023 increased by 7.3% to $1.4 billion, or $0.63 per common unit, compared to $1.3 billion, or $0.59 per common unit, in Q1 2022 [9] - Adjusted EBITDA for the 12 months ending March 31, 2023, increased by 11.7% to $9.4 billion compared to the trailing 12 months as of March 31, 2022 [32] - Adjusted cash flow from operations (CFFO) remained flat at $2 billion for both Q1 2023 and Q2 2022 [28] - The company repurchased approximately 683,000 common units at an average price of $24.89 per unit, totaling $17 million in March 2023 [10] - Total capital investments in Q1 2023 were $654 million, including $570 million for organic growth capital projects and $84 million for sustaining capital expenditures [11] Business Line Performance - NGL and natural gas pipeline businesses, natural gas marketing, and octane enhancement activities reported strong increases in gross operating margin compared to Q1 2022 [4] - Refined products business saw strong margins, but propylene business volumes were lower due to planned maintenance at PDH 1, which was down for 24 days in Q1 [4] - Ethylene export facility has been operating at full capacity since its inception, with plans to expand capacity by 50% [5] - Marine terminals loaded over 70 million barrels of NGLs, crude oil, refined products, and petrochemicals for export in March alone [22] Market Data and Key Metrics - Ethane exports have seen significant growth, with new contracts adding 240,000 barrels per day with multiple counterparties [24] - Global demand growth for 2023 is expected to range between 1.4 million to 2.3 million barrels per day, according to OPEC+ economists [25] - U.S. crude inventories have drawn down by 20 million barrels over the last five weeks, signaling strong demand [7] - The company remains constructive on global market fundamentals despite seasonal weakness in Q2, driven by low global inventories and OPEC+ managing global balances [6] Strategic Direction and Industry Competition - The company is expanding its export capacity and adding geographic diversity to its ethane export assets, with positions at Morgan's Point and Beaumont [5] - Major growth projects under construction remain unchanged at $6.1 billion, with $3.8 billion expected to be put into service in 2023 [23] - The company is upgrading its LPG and propylene capacity at the Houston Ship Channel facility and expanding its ethylene export facility [5] - The U.S. ethylene industry remains consistently profitable, while the global industry faces challenges, giving the company a competitive advantage [134] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about medium to long-term oil prices but is cautious about natural gas, citing a wide gas-to-crude spread as a structural advantage for U.S. petrochemicals [8] - The company expects U.S. production and demand at its docks to continue growing, driven by the expansion of hydrocarbon export capabilities [27] - Concerns about global economic conditions, including central bank rate hikes and weaker-than-expected Chinese manufacturing PMI, are countering bullish fundamentals [26] Other Important Information - The company entered into a new $1.5 billion 364-day revolving credit agreement and a $2.7 billion multiyear revolving credit agreement maturing in March 2028, replacing prior credit facilities [13] - The consolidated leverage ratio at the end of Q1 2023 was 3.0x, within the target range of 2.75x to 3.25x [14][33] - The company declared a distribution of $0.49 per common unit for Q1 2023, a 5.4% increase compared to Q1 2022 [142] Q&A Session Summary Question: Drivers of NGL marketing decline and if it has reached a trough - The decline in NGL marketing was attributed to a supply shortage rather than weak demand, with reduced supply from PDH units being offline [36] Question: Update on Shin Oak pipeline expansion alternatives - The company is evaluating capital-disciplined options for the Shin Oak pipeline expansion and is working towards a permit deadline [144] Question: Distribution growth outlook and potential for growth above 5% - The company has historically grown distributions in the 1% to 5% range and will discuss midyear updates with the board, focusing on maintaining a balance between distribution growth and buybacks [54][55] Question: CapEx outlook and potential for cost overruns or delays - The company does not expect cost overruns or delays in its major projects, with most opportunities for growth in the Permian gathering and processing systems and NGL distribution, including exports [57][58] Question: Marine export demand sustainability, particularly for LPG - Strong demand for LPG exports is expected to continue, driven by production growth and competitive pricing [60][61] Question: Processing margins in the Permian and fee floors - The company hit more fee floors in Q1 2023 compared to the end of 2022, with 75% of volumes subject to fee floors, but sees upside potential for the rest of the year [70] Question: Impact of GOR ratios on Permian production - GOR ratios are increasing, driven by drilling in gassier areas like the Delaware Basin, but this does not imply a reduction in crude production [91][92] Question: Shareholder return considerations and unit repurchases - The buyback program remains opportunistic, with the company taking advantage of market volatility to repurchase units [121] Question: Petrochemical segment performance and maintenance schedules - Propylene production was slightly down due to planned maintenance, with no major maintenance expected for the remainder of the year [125]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 12/31 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___. Commission file number: 1-14323 ENTERPRISE PRODUCTS PARTNERS L.P. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Inc ...