News Column

Enterprise Schedules Date to Release Fourth Quarter Results; Reports Distribution

January 28, 2014

Enterprise Products Partners announced that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.70 per common unit, or $2.80 per unit on an annualized basis. According to a release, the quarterly distribution will be paid on Friday, February 7 , to unitholders of record as of the close of business on Friday, January 31 . This distribution, which represents a 6.1 percent increase over the $0.66 per unit distribution declared with respect to the fourth quarter of 2012, is the 47th distribution increase since Enterprise's initial public offering in 1998 and the 38th consecutive quarterly increase. Enterprise noted that it will announce its fourth quarter of 2013 earnings on Thursday, January 30 , before the New York Stock Exchange opens for trading. Following the announcement, the company will host a conference call at 9 a.m. CDT 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. Further, 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 a publicly traded partnership and a North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Webcast information: ((Comments on this story may be sent to ))

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Professional Services Close - Up

Story Tools