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
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.