Enterprise Products Partners (EPD) Reports $2B Unit Buyback Authorization; Provides 2019 Distribution Guidance
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Enterprise Announces $2 Billion Unit Buyback Program; Provides 2019 Distribution Guidance
January 31, 2019 6:00 AM ESTHOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE: EPD) (Enterprise) today announced that the board of directors of its general partner has approved a $2.0 billion multi-year common unit buyback program. Enterprises management also provided distribution guidance for 2019.
Enterprises board approved a $2 billion multi-year common unit buyback program to provide the partnership with an additional method to return capital to investors. The program authorizes the partnership to purchase its common units from time to time, including through open market purchases and negotiated transactions. The timing and pace of buy backs... More
