Latest Enterprise Products Partners L.P. Stories

2008-10-23 06:00:23

Enterprise Products Partners L.P. (NYSE:EPD) today announced its financial results for the three and nine months ended September 30, 2008. Third Quarter 2008 Highlights: -- Enterprise reported strong results for operating income, gross operating margin, EBITDA and net income, which were reduced by total hurricane effects of $89 million consisting of $46 million of accrued and actual expenses for property damage repair costs and $43 million for estimated lost business due to the...

2008-10-10 00:00:33

Triple Point Technology(R), the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Enterprise Products Partners L.P. (NYSE: EPD), with an enterprise value of nearly $21 billion, has chosen Triple Point's Commodity XL for Hedge Accounting(TM) to ensure FAS 133 compliance and protect against earnings volatility. Enterprise's nod of confidence follows Triple Point's recent acquisition of INSSINC, the industry's de-facto...

2008-10-08 15:00:34

Enterprise Products Partners L.P. (NYSE:EPD) today announced that the board of directors of its general partner declared an increase in its quarterly cash distribution rate to partners to $0.5225 per common unit, or $2.09 per unit on an annualized basis. The quarterly distribution will be paid on November 12, 2008, to unitholders of record at the close of business October 31, 2008. This distribution represents a 6.6 percent increase compared to the $0.49 per unit quarterly distribution...

2008-09-26 12:00:31

Enterprise Products Partners L.P. (NYSE:EPD) today announced that the partnership continues to move forward in returning its facilities to normal operations and assessing the full impact of Hurricane Ike to its onshore and offshore assets. At the Mont Belvieu, Texas complex, natural gas liquids (NGLs) and propylene fractionation activity continue to increase. The NGL fractionation rate has returned to pre-storm levels of approximately 220,000 barrels per day and the propylene fractionation...

2008-09-17 00:00:25

Enterprise Products Partners L.P. (NYSE:EPD) today announced that commercial power has been restored to many of the company's onshore assets that were effected by Hurricane Ike. Notably, the partnership's 100 million barrel natural gas liquid (NGL) and petrochemical storage facility at its Mont Belvieu complex is fully operational and is capable of receiving over 400,000 barrels per day of mixed NGLs. Enterprise also restarted its NGL and propylene fractionators in Mont Belvieu as well as its...

2008-09-14 18:00:21

Enterprise Products Partners L.P. (NYSE:EPD) today announced that initial inspections by onsite field crews indicated minimal to no visible damage to its company-operated onshore assets on the Texas and Louisiana Gulf Coast. Tomorrow, Enterprise expects to begin aerial evaluations of the partnership's offshore platforms that were evacuated ahead of the storm, as well as certain of its onshore pipelines and facilities. Enterprise's company headquarters located in downtown Houston did not...

Word of the Day
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).