Enterprise Products Partners (EPD) Misses Q1 EPS by 1c

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Go back to Enterprise Products Partners (EPD) Misses Q1 EPS by 1c

Enterprise Reports Results for First Quarter 2015

April 30, 2015 6:15 AM EDT

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (Enterprise) (NYSE: EPD) today announced its financial results for the three months ended March 31, 2015. All earnings per unit and other unit-related information contained in this press release reflect a two-for-one split of Enterprises common units in August 2014.

First Quarter 2015 Highlights

      Three months ended March 31, 2015     2014 ($ in millions, except per unit amounts)     Gross operating margin (1) $ 1,334 $ 1,330 Net income (2) (3)... More

Enterprise and Occidental Petroleum Form Company to Build Natural Gas Processing Facility in Delaware Basin

April 30, 2015 6:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) today announced it has entered into an agreement with an affiliate of Occidental Petroleum Corporation (NYSE: OXY) to jointly develop a new 150 million cubic feet per day (MMcf/d) cryogenic natural gas processing plant to accommodate the growing production of NGL-rich natural gas in the Delaware Basin. The plant will be owned by Delaware Basin Gas Processing LLC (Delaware Processing), a company owned 50/50 by Enterprise and Occidental. The plant, which is supported by long-term, firm contracts, is expected to begin... More