Enterprise Products Partners L.P. Files 2023 Annual Report (10-K)

TL;DR

<b>Enterprise Products Partners L.P. has filed its 2023 10-K report detailing financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

ENTERPRISE PRODUCTS PARTNERS L.P. (EPDU) filed a Annual Report (10-K) with the SEC on February 28, 2024. Enterprise Products Partners L.P. filed its 2023 Form 10-K on February 28, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Natural Gas Transmission. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement items such as Revenues, Interest Expense, and various balance sheet accounts are detailed.

Why It Matters

For investors and stakeholders tracking ENTERPRISE PRODUCTS PARTNERS L.P., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Enterprise Products Partners L.P.'s financial health, operational performance, and strategic positioning for the fiscal year 2023, crucial for investors and stakeholders to assess the company's stability and growth prospects. The detailed financial statements and risk factors within the report offer insights into the company's revenue streams, expenses, assets, liabilities, and potential challenges within the natural gas transmission industry, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — ENTERPRISE PRODUCTS PARTNERS L.P. shows moderate risk based on this filing. The company operates in the natural gas transmission industry, which is subject to significant regulatory oversight and market volatility, as indicated by the SIC code and the nature of its business operations.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Enterprise Products Partners L.P.'s performance and outlook in the natural gas sector.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-28 — Filing Date (As of date)
• 4922 — SIC Code (Standard Industrial Classification)
• 760568219 — IRS Number (Filer IRS Number)
• 001-14323 — SEC File Number (SEC File Number)

Key Players & Entities

• ENTERPRISE PRODUCTS PARTNERS L.P. (company) — Filer name
• 2023 (date) — Fiscal year end
• 2024-02-28 (date) — Filing date
• Natural Gas Transmission (industry) — Standard Industrial Classification
• 1934 Act (regulation) — SEC Act
• 001-14323 (identifier) — SEC File Number
• Houston (location) — Business address city
• DE (location) — State of incorporation

FAQ

Risk Factors

• Regulatory Environment [medium — regulatory]: The company's operations are subject to extensive federal, state, and local regulations concerning environmental protection, safety, and the transportation of natural gas and other commodities.
• Market Fluctuations [medium — market]: The demand for and prices of natural gas and natural gas liquids are subject to significant volatility due to factors such as weather, economic conditions, and supply/demand dynamics.
• Operational Risks [medium — operational]: The company faces risks related to the operation and maintenance of its extensive pipeline network, including potential disruptions, accidents, or failures.
• Interest Rate Risk [medium — financial]: As a significant borrower, the company is exposed to risks associated with changes in interest rates, which can impact its cost of debt and overall financial performance.

Key Financial Figures

• $26.35 — ased on a closing price on that date of $26.35 per common unit on the New York Stock E

Filing Documents

• form10k.htm (10-K) — 5452KB
• exhibit10_21.htm (EX-10.21) — 20KB
• exhibit21_1.htm (EX-21.1) — 198KB
• exhibit22_1.htm (EX-22.1) — 38KB
• exhibit23_1.htm (EX-23.1) — 2KB
• exhibit31_1.htm (EX-31.1) — 14KB
• exhibit31_2.htm (EX-31.2) — 14KB
• exhibit32_1.htm (EX-32.1) — 6KB
• exhibit32_2.htm (EX-32.2) — 6KB
• exhibit97_1.htm (EX-97.1) — 27KB
• 0001061219-24-000006.txt (&nbsp;) — 24723KB
• epd-20231231.xsd (EX-101.SCH) — 159KB
• epd-20231231_cal.xml (EX-101.CAL) — 150KB
• epd-20231231_def.xml (EX-101.DEF) — 876KB
• epd-20231231_lab.xml (EX-101.LAB) — 2059KB
• epd-20231231_pre.xml (EX-101.PRE) — 1194KB
• form10k_htm.xml (XML) — 5097KB

Management's Discussion and Analysis of Financial Condition and

Management's Discussion and Analysis of Financial Condition and Results of Operations. 60 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 89 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 91 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 91 Item 9A.

Controls and Procedures

Controls and Procedures. 91 Item 9B. Other Information. 94 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections. 94 PART III Item 10. Directors, Executive Officers and Partnership Governance. 94 Item 11.

Executive Compensation

Executive Compensation. 105 Item 12.

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters. 114 Item 13. Certain Relationships and Related Transactions, and Director Independence. 117 Item 14. Principal Accountant Fees and Services. 120 PART IV Item 15. Exhibits, Financial Statement Schedules. 121 Item 16. Form 10-K Summary. 130

Signatures

Signatures 131 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This annual report on Form 10-K for the year ended December 31, 2023 (our "annual report") contains various forward-looking statements and information that are based on our beliefs and those of our general partner, as well as assumptions made by us and information currently available to us. When used in this document, words such as "anticipate," "project," "expect," "plan," "seek," "goal," "estimate," "forecast," "intend," "could," "should," "would," "will," "believe," "may," "scheduled," "pending," "potential" and similar expressions and statements regarding our plans and objectives for future operations are intended to identify forward-looking statements. Although we and our general partner believe that our expectations reflected in such forward-looking statements (including any forward-looking statements/expectations of third parties referenced in this annual report) are reasonable, neither we nor our general partner can give any assurances that such expectations will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions as described in more detail under Part I, Item 1A of this annual report. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, projected or expected. You should not put undue reliance on any forward-looking statements. The forward-looking statements in this annual report speak only as of the date hereof. Except as required by federal and state securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or any other reason. 1 Table of Contents KEY REFERENCES USED IN THIS REPORT Unless the context requires otherwise, references to "we," "us" or "our" within this ann

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View this 10-K filing on SEC EDGAR