Enterprise Declares Distribution; 34th Consecutive Quarterly Distribution
HOUSTON -- January 14, 2013
Enterprise Products Partners L.P. (NYSE: EPD) announced today that the board
of directors of its general partner declared an increase in the quarterly cash
distribution rate paid to partners to $0.66 per common unit, or $2.64 per unit
on an annualized basis. The quarterly distribution will be paid on Thursday,
February 7, 2013, to unitholders of record as of the close of business on
Thursday, January 31, 2013. This distribution rate, which represents a 6.5
percent increase over the $0.62 per unit distribution rate declared with
respect to the fourth quarter of 2011, is the 43^rd distribution rate increase
since Enterprise’s initial public offering in 1998 and the 34^th consecutive
Enterprise will announce its fourth quarter of 2012 earnings on Thursday,
January 31, 2013, before the New York Stock Exchange opens for trading.
Following the announcement, the company will host a conference call at 9 a.m.
CT with analysts and investors to discuss its fourth quarter earnings. The
call will be broadcast live on the Internet and may be accessed at the
company’s website, www.enterpriseproducts.com.
To listen to the webcast, participants should access the “Investors” section
of the company’s website at least 15 minutes prior to the start of the
conference call to download and install any necessary audio software. A replay
of the webcast will be available for one week following the conference call
and may be accessed one hour after completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil, refined
products and petrochemicals. The partnership’s assets include approximately
50,700 miles of onshore and offshore pipelines; 190 million barrels of storage
capacity for NGLs, petrochemicals, refined products and crude oil; and 14
billion cubic feet of natural gas storage capacity. Services include: natural
gas gathering, treating, processing, transportation and storage; NGL
transportation, fractionation, storage, and import and export terminals; crude
oil and refined products transportation, storage and terminals; offshore
production platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United States inland
and Intracoastal Waterway systems and in the Gulf of Mexico.
This press release includes “forward-looking statements” as defined by the
Securities and Exchange Commission. All statements, other than statements of
historical fact, included herein that address activities, events, developments
or transactions that Enterprise and its general partner expect, believe or
anticipate will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially from expectations, including
required approvals by regulatory agencies, the possibility that the
anticipated benefits from such activities, events, developments or
transactions cannot be fully realized, the possibility that costs or
difficulties related thereto will be greater than expected, the impact of
competition, and other risk factors included in Enterprise’s reports filed
with the Securities and Exchange Commission. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as
of their dates. Except as required by law, Enterprise does not intend to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812
Rick Rainey, (713) 381-3635
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