Core Viewpoint - Enterprise Products Partners (NYSE: EPD) stands out as a master limited partnership (MLP) that combines a high dividend yield of over 7% with significant growth potential through at least 2026, positioning it for strong total returns in the coming years [2]. Group 1: Financial Performance - The company reported a 7% increase in distributable cash flow for the second quarter, reaching $1.8 billion, driven by record volumes from robust oil and gas production and demand [4]. - Enterprise Products Partners comfortably covered its high-yielding distribution by 1.6 times, even after a 3.4% increase in payouts over the past year, allowing it to retain nearly $750 million in cash during the quarter [5]. Group 2: Expansion Plans - The MLP invested $1.2 billion in growth capital projects during the second quarter and plans to allocate between $4 billion and $4.5 billion for expansion-related capital spending this year [6]. - Enterprise Products Partners anticipates completing $6 billion in organic growth capital projects by the end of this year, which includes new gas processing plants and an NGL pipeline, expected to generate meaningful incremental cash flow in the upcoming quarters [7][8]. - The company plans to invest an additional $2.2 billion to $2.5 billion for further expansions in 2026, enhancing its capacity to increase high-yield payouts [8].