Enterprise Products Partners announced its financial results for the third quarter of 2024 on October 29, 2024, reporting net income attributable to common unitholders of $1.4 billion, or $0.65 per unit. This represents an 8 percent increase compared to $1.3 billion, or $0.60 per unit, in the third quarter of 2023.
Distributable Cash Flow (DCF) for the quarter increased by 5 percent to $2.0 billion, up from $1.9 billion in the prior year period. The partnership declared a cash distribution of $0.525 per common unit, a 5 percent increase over the third quarter of 2023, with DCF providing 1.7 times coverage of the distribution.
Operationally, Enterprise set five volumetric records, including 7.5 billion cubic feet per day of inlet natural gas processing volumes and 12.8 million barrels per day of total equivalent pipeline volumes. The company also updated its expected organic growth capital investment range for 2025 to $3.5 billion to $4.0 billion, reflecting new opportunities primarily in the Permian Basin following the acquisition of Piñon Midstream.
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