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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:31 EDTEPDEnterprise Products begins exporting refined products from Beaumont terminal
Enterprise Products Partners L.P. has loaded the first cargo of refined products for export from its reactivated marine terminal in Beaumont, Texas. Located on the Neches River, the terminal can load at rates up to 15,000 barrels per hour. The facility includes a dock with a 40-foot draft that can accommodate Panamax size vessels that have a capacity of up to 400,000 barrels. The terminal has access to more than 12 million Bbls of refined products storage and receives products from eight refineries, representing approximately 3.3 million barrels per day of capacity, as well as the Colonial Pipeline. The improvements and modifications required to resume operations at the terminal, which included dredging, new pipeline construction, and the installation of new loading arms and vapor recovery systems, are supported by shipper commitments. Future plans for the Beaumont refined products terminal include the addition of a second dock and significant on-site storage for blending components.
News For EPD From The Last 14 Days
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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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