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Houston midstream giant’s net income rises to $1.35B, cuts capex by $1B

Olivia Pulsinelli — Wed, 29 Apr 2020 13:17:09 +0000

Houston-based Enterprise Products Partners LP (NYSE: EPD) had a strong first quarter, despite it ending with the energy downturn. The midstream giant is now taking steps to respond to the current economic conditions and ongoing pandemic.

Enterprise re...

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Houston midstream giant adds $1B in credit, considers spending reduction

Joshua Mann — Mon, 06 Apr 2020 18:53:27 +0000

Houston-based Enterprise Products Partners LP (NYSE: EPD) has picked up another $1 billion in credit, giving it more room to borrow money.

The additional credit represents a 20 percent increase for the company's existing $5 million in aggregate borrow...

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Enterprise-Enbridge JV pipeline co. eyes expansion project

Joshua Mann — Wed, 12 Feb 2020 23:55:32 +0000

Houston-based Seaway Crude Pipeline Co. — a joint venture between Enterprise Products Partners LP (NYSE: EPD) and Enbridge Inc. (NYSE: ENB), based in Houston and Calgary, respectively — has extended the period in which it will seek commercial support f...

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Houston midstream giant names co-CEOs, reports record 2019 earnings

Olivia Pulsinelli — Thu, 30 Jan 2020 17:50:09 +0000

Houston-based Enterprise Products Partners LP (NYSE: EPD) has promoted its president and CFO to a co-CEO position, the midstream giant announced Jan. 30.

W. Randall Fowler will retain his CFO role while taking on the co-CEO role. Existing CEO A.J. “Ji...

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Houston midstream co. ships first export out of petrochemical terminal

Joshua Mann — Thu, 09 Jan 2020 14:35:03 +0000

Houston-based Enterprise Products Partners LP (NYSE: EPD) and London-based Navigator Holdings Ltd. (NYSE: NVGS) have launched the first shipment from their new joint venture export terminal along the Houston Ship Channel.

The petrochemical export term...

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Midstream giants to partner on deepwater terminal for VLCCs in Gulf of Mexico

Olivia Pulsinelli — Mon, 09 Dec 2019 14:18:38 +0000

Houston-based Enterprise Products Partners LP (NYSE: EPD) and Canada-based Enbridge Inc. (NYSE: ENB) signed a letter of intent to jointly develop and market Enterprise's Sea Port Oil Terminal, the midstream giants announced in Dec. 9 press releases.

...

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