Key Highlights from EPD's Q1 2024 Earnings Conference Call
Tuesday, 30 April 2024, 20:15
EPD Q1 2024 Earnings Conference Call Summary
Enterprise Products Partners reported a 7% increase in total gross operating margin during the first quarter of 2024, driven by new assets and higher volumes. Earnings growth was primarily attributed to new assets placed into service and increased net marine terminal volumes. The company generated $786 million in DCF and increased cash distributions to partners by 5%.
Key Points:
- Total gross operating margin increased by 7% during Q1 2024.
- Net marine terminal volumes saw a 17% increase.
- Generated $786 million in DCF, supporting increased cash distributions to partners.
- Expanded Permian natural gas processing infrastructure with new plants and pipelines.
- Key milestone achieved with the Texas Western Products pipeline system.
- Received significant license for the SPOT project, indicating future strategic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.