Key Developments: Enterprise Products Partners LP (EPD.N)

EPD.N on New York Stock Exchange

72.95USD
17 Apr 2014
Price Change (% chg)

$-0.11 (-0.15%)
Prev Close
$73.06
Open
$72.67
Day's High
$73.22
Day's Low
$72.18
Volume
134,370
Avg. Vol
209,484
52-wk High
$73.60
52-wk Low
$56.12

Search Stocks

Latest Key Developments (Source: Significant Developments)

Enterprise Products Partners LP Forms Joint Venture With Western Gas Partners LP To Own Two New NGL Fractionation Trains At Mont Belvieu
Wednesday, 12 Jun 2013 11:30am EDT 

Enterprise Products Partners LP announced that the partnership has entered into a joint venture with Western Gas Partners LP to own natural gas liquid (NGL) fractionation trains 7 and 8, which are under construction at Enterprise's complex in Mont Belvieu, Texas. Western Gas has acquired a 25% minority ownership interest in the joint venture, and Enterprise retains the remaining 75% ownership interest. Trains 7 and 8 have a design capacity to fractionate approximately 170,000 barrels per day BPD of NGLs. These trains are expected to begin commercial operations in the fourth quarter of 2013.  Full Article

Enterprise Products Partners LP Declares Distribution
Tuesday, 9 Apr 2013 05:27pm EDT 

Enterprise Products Partners LP announced that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.67 per common unit, or $2.68 per unit on an annualized basis. The quarterly distribution will be paid on May 7, 2013, to unitholders of record as of the close of business on April 30, 2013.  Full Article

Enterprise Products Partners LP Prices $2.25 Billion Of Senior Unsecured Notes
Monday, 11 Mar 2013 05:57pm EDT 

Enterprise Products Partners LP announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has priced a public offering of $2.25 billion of senior unsecured notes comprised of $1.25 billion due on March 15, 2023 (Senior Notes HH) and $1 billion due on March 15, 2044 (Senior Notes II). Net proceeds from the offering are expected to be used to repay debt, including the refinancing of $550 million principal amount of senior notes that matured in February 2013 and $650 million principal amount of senior notes scheduled to mature in April 2013, and for general company purposes. .P. Morgan Securities LLC, DNB Markets, Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.  Full Article

Enterprise Products Partners LP Elects New Chairman
Tuesday, 19 Feb 2013 05:55pm EST 

Enterprise Products Partners LP announced that the board of directors of its general partner, Enterprise Products Holding LLC, has approved certain organization changes, including the election of a new Chairman of the Board of general partner and the creation of an Office of the Chairman. Randa Duncan Williams has been elected non-executive Chairman of the Board of the general partner. Ms. Williams succeeds Dr. Ralph S. Cunningham, who has served as Chairman since 2010.  Full Article

Enterprise Products Partners LP Sells Additional Common Units
Tuesday, 5 Feb 2013 06:20pm EST 

Enterprise Products Partners LP announced that the underwriters of its common unit offering, which priced this morning, have exercised their full over-allotment option to purchase 1,200,000 additional common units. These units represent limited partner interests in Enterprise and were priced to the public at $54.56 per common unit. Net proceeds from the sale of the additional 1,200,000 common units will approximate $63.5 million after deducting underwriting discounts, commissions and offering expenses. The total net proceeds from the offering, including the exercise of the over-allotment option, will approximate $487 million. Enterprise intends to use the net proceeds for general partnership purposes, which may include repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility or commercial paper program, working capital, capital expenditures and acquisitions. Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are joint book-running managers for the offering.  Full Article

Enterprise Products Partners LP Prices Public Unit Offering
Tuesday, 5 Feb 2013 08:59am EST 

Enterprise Products Partners LP announced that it has priced a public offering of 8,000,000 common units representing limited partner interests in the partnership at a public offering price of $54.56 per common unit. Enterprise has also granted the underwriters a 30-day option to purchase up to 1,200,000 additional common units to cover over-allotments, if any. Enterprise will use the net proceeds from this offering, including any exercise of the over-allotment option by the underwriters, for general partnership purposes, which may include repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility or commercial paper program, working capital, capital expenditures and acquisitions.Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are joint book-running managers for the offering.  Full Article

Enterprise Products Partners LP Announces Public Unit Offering
Monday, 4 Feb 2013 04:12pm EST 

Enterprise Products Partners LP announced the commencement of a public offering of 8,000,000 common units representing limited partner interests in the partnership. Enterprise also intends to grant the underwriters a 30-day option to purchase up to 1,200,000 additional common units to cover over-allotments, if any. Enterprise will use the net proceeds from this offering, including any exercise of the over-allotment option by the underwriters, for general partnership purposes, which may include repayment of debt, including the repayment of amounts outstanding under its multi-year revolving credit facility or commercial paper program, working capital, capital expenditures and acquisitions. Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are joint book-running managers for the offering.  Full Article

Enterprise Products Partners LP Declares Distribution
Monday, 14 Jan 2013 10:54am EST 

Enterprise Products Partners LP announced that it has 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 February 7, 2013, to unitholders of record as of the close of business on January 31, 2013.  Full Article

Enterprise Products Partners LP Declares Third Quarter 2012 Distribution-DJ
Wednesday, 10 Oct 2012 11:56am EDT 

Dow Jones reported that Enterprise Products Partners L.P. has declared an increase in the quarterly cash distribution rate paid to partners to $0.65 per common unit, or $2.60 per unit on an annualized basis. The quarterly distribution will be paid on November 8, 2012, to unitholders of record as of the close of business on October 31, 2012. This distribution rate, which represents a 6.1% increase over the $0.6125 per unit distribution rate declared with respect to the third quarter of 2011  Full Article

Enterprise Products Partners LP Sells Additional Common Units
Tuesday, 25 Sep 2012 07:22pm EDT 

Enterprise Products Partners LP announced that the underwriters of its common unit offering, which priced this morning, have exercised their full over-allotment option to purchase 1,200,000 additional common units. These units represent limited partner interests in Enterprise and were priced to the public at $53.07 per common unit. Net proceeds from the sale of the additional 1,200,000 common units will approximate $62 million after deducting underwriting discounts, commissions and offering expenses. The total net proceeds from the offering, including the exercise of the over-allotment option, will approximate $473 million. Enterprise intends to use the net proceeds to temporarily reduce borrowings under its multi-year revolving credit facility and for general partnership purposes. Wells Fargo Securities, Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering.  Full Article

Destin says offshore Gulf of Mexico natgas work to affect flows

NEW YORK, Dec 4 - Destin Pipeline Co LLC on Wednesday said due to maintenance work at an offshore Gulf of Mexico natural gas receipt point, it would be unable to receive gas from the Viosca Knoll Gathering System until further notice.

Search Stocks