Enterprise Products
Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, operating an extensive network of pipelines, storage facilities, and processing plants.
Company Overview
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services. The company operates an integrated network that transports and processes energy, including natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. With headquarters located at 1100 Louisiana Street, Houston, Texas, the company has been a significant player in the energy sector since its founding in 1968.
Market Presence
Enterprise Products Partners L.P. has a noticeable presence across various vital locations, including the Eagle Ford Shale in South Texas and the Permian Basin. The company further extends its operations with significant infrastructure in states like New Mexico, where it manages a cryogenic natural gas processing plant in Eddy County with a capacity of 200 MMcf/d. The company's expansive network includes over 50,000 miles of pipeline and more than 300 million barrels of liquids storage capacity.
Operational Infrastructure
Enterprise Products Partners L.P. boasts an extensive operational infrastructure featuring 26 fractionation facilities and 20 deepwater docks. The company operates various critical assets, including the 24-inch diameter Shin Oak NGL pipeline, the Baymark ethylene pipeline, and the Gillis Lateral pipeline in Louisiana. Additionally, it runs the largest commercial isomerization facility in the U.S. and numerous cryogenic natural gas processing plants, including a facility in Glasscock County, Texas.
Business Segments
The company operates a fully integrated midstream energy network divided into four primary business segments: Natural Gas Liquids, Crude Oil, Natural Gas, and Petrochemicals & Refined Products. Enterprise Products Partners L.P. runs a high-capacity ethylene export terminal at Morgan’s Point on the Houston Ship Channel and a marine terminal with eight deepwater ship docks. It also manages propane dehydrogenation (PDH) facilities and 12 natural gas liquids (NGL) fractionators in Chambers County, Texas.
Financial Aspects and Ownership
Listed on the New York Stock Exchange under the ticker symbol EPD, Enterprise Products Partners L.P. showcases a strong financial profile with 25 years of consecutive distribution increases. Notably, 32% of the company's common units are owned by its management. In a significant acquisition, the company purchased Navitas Midstream Partners, LLC for $3.2 billion in cash, further strengthening its market position.