Houston-based midstream company Enterprise Products Partners’ declared a quarterly cash distribution of approximately $0.52 per unit or $2.06 per unit on an annualized basis, according to a Jan. 8 press release.
The distribution will be paid Feb. 14 to common unitholders of record by Jan. 31. The distribution represents a 5.1% increase from the distribution in fourth quarter of 2022 and a 3% increase from third quarter 2023, the release stated.
According to the release, Enterprise repurchased $96 million of its common units during fourth quarter 2023 for a total of $187 million in common units repurchased in 2023.
Recommended Reading
US Natgas Prices Hit 5-week High on Rising Feedgas to Freeport LNG, Output Drop
2024-04-10 - U.S. natural gas futures climbed to a five-week high on April 10 on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas.
US NatGas Futures Hit Over 2-week Low on Lower Demand View
2024-04-15 - U.S. natural gas futures fell about 2% to a more than two-week low on April 15, weighed down by lower demand forecasts for this week than previously expected.
US NatGas Flows to Freeport LNG Export Plant Drop Near Zero
2024-04-11 - The startup and shutdown of Freeport has in the past had a major impact on U.S. and European gas prices.
Heard from the Field: US Needs More Gas Storage
2024-03-21 - The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.