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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:31 EDTEPD, OILTEnterprise to expand LPG export facility at Oiltanking on Houston Ship Channel
Enterprise Products Partners L.P. (EPD) announced a further expansion of its liquefied petroleum gas export terminal at Oiltanking’s complex on the Houston Ship Channel. Enterprise’s expanded LPG terminal is supported by a 50-year service agreement with Oiltanking Partners, L.P. (OILT) to provide additional dock space and related services. The expanded LPG export terminal is expected to be in service by the end of 2015 and is supported by long-term LPG export agreements. Upon completion of the expanded facilities, Enterprise will have aggregate capacity to load in excess of 16 million barrels per month of low-ethane propane and/or butane. This expansion is in lieu of a second LPG terminal announced in October 2013 and will result in more capacity than previously anticipated.
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July 31, 2014
08:44 EDTEPDEnterprise Products says project backlog still 'under construction'
The company said, "Our backlog of projects still under construction is approximately $6B with expected completion dates extending through 2016. Our large integrated system continues to create new business opportunities. We are working hard to further our success in turning these opportunities into capital projects that will provide new streams of cash flow to support future distribution growth.”
08:43 EDTEPDEnterprise Products reports Q2 EPS 68c, consensus 74c
Reports Q2 revenue $12.52B, consensus $12.88B.
06:10 EDTEPDEnterprise Products reports Q2 total natural gas pipelines volumes down 6%
Enterprise’s natural gas liquid, crude oil, refined products and petrochemical pipeline volumes for the second quarter increased 7% to a record 5.2M barrels per day. Total natural gas pipeline volumes decreased 6% to 13.2T British thermal units per day for the second quarter. NGL fractionation volumes for the second quarter increased 25% to a record 845,000 barrels per day. Fee-based natural gas processing volumes for the second quarter of 2014 increased 8% to a record 4.9B cubic feet per day, while equity NGL production for the second quarter of 2014 increased 15% to 136 MBPD;
06:08 EDTEPDEnterprise Products reports Q2 EPS 68c, may not be comparable to consensus 74c
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July 30, 2014
17:11 EDTEPDEnterprise, Genesis complete crude oil pipeline in deepwater Gulf of Mexico
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July 21, 2014
07:01 EDTOILTOiltanking Partners board raises quarterly distribution to 26c
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