Enterprise Products Partners L.P. Files 8-K

TL;DR

EPD filed an 8-K on July 30th covering operations and financials.

AI Summary

Enterprise Products Partners L.P. filed an 8-K on July 30, 2024, reporting on its results of operations and financial condition, other events, and financial statements. The filing details its status as a natural gas transmission company incorporated in Delaware with its principal executive offices in Houston, Texas.

Why It Matters

This filing provides essential updates on Enterprise Products Partners L.P.'s financial performance and operational events, which are crucial for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine 8-K filing providing standard corporate information and updates, not indicating any immediate or significant risks.

Key Players & Entities

• ENTERPRISE PRODUCTS PARTNERS L.P. (company) — Registrant
• July 30, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 1100 Louisiana Street, 10th Floor, Houston, Texas 77002 (address) — Principal Executive Offices
• 713-381-6500 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $611 million — tization and accretion expenses totaled $611 million and cash distributions received from un
• $131 million — ved from unconsolidated affiliates were $131 million. In addition, for the second quarter of
• $1.3 b — capital investments were approximately $1.3 billion, which includes $245 million of s
• $245 million — roximately $1.3 billion, which includes $245 million of sustaining capital expenditures. 2
• $1.4 billion — ship for the second quarter of 2024 was $1.4 billion compared to $1.3 billion for the second
• $1.3 billion — er of 2024 was $1.4 billion compared to $1.3 billion for the second quarter of 2023. On a fu
• $0.64 — ders for the second quarter of 2024 was $0.64 per unit compared to $0.57 per unit for
• $0.57 — of 2024 was $0.64 per unit compared to $0.57 per unit for the second quarter of 2023
• $2.4 billion — eported total gross operating margin of $2.4 billion for the second quarter of 2024 compared
• $2.2 billion — the second quarter of 2024 compared to $2.2 billion for the second quarter of 2023. Below
• $1.1 billion — the second quarter of 2024 compared to $1.1 billion for the second quarter of 2023. Gross
• $81 million — nd and Delaware Basin assets, increased $81 million primarily attributable to the addition
• $16 million — ral gas processing facilities increased $16 million primarily due to higher average process
• $6 million — ral gas processing facilities increased $6 million primarily due to higher fee-based proce
• $34 million — from NGL marketing activities decreased $34 million primarily due to lower average sales ma

Filing Documents

• epdform8k_07302024.htm (8-K) — 197KB
• exhibit99_1.htm (EX-99.1) — 894KB
• image0.jpg (GRAPHIC) — 257KB
• 0001140361-24-034776.txt ( ) — 1641KB
• epd-20240730.xsd (EX-101.SCH) — 4KB
• epd-20240730_lab.xml (EX-101.LAB) — 21KB
• epd-20240730_pre.xml (EX-101.PRE) — 16KB
• epdform8k_07302024_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On July 30, 2024, Enterprise Products Partners L.P. ("Enterprise" or the "Partnership") (NYSE:EPD) issued a press release announcing its financial and operating results for the three months ended June 30, 2024, and will hold a webcast conference call discussing those results. A copy of the earnings press release is furnished as Exhibit 99.1 to this Current Report, which is hereby incorporated by reference into this Item 2.02.

01. Other Events

Item 8.01. Other Events. The information presented in this Item 8.01 has not been reviewed by our independent auditors and is subject to revision as we prepare our consolidated financial statements as of and for the three and six months ended June 30, 2024. This information is not a comprehensive statement of our financial results for the quarterly period ended June 30, 2024, and our actual results may differ materially from these estimates as a result of the completion of our financial closing process, final adjustments (if any) and other developments arising between now and the time that our financial results for the three and six months ended June 30, 2024 are finalized. Unless the context requires otherwise, references to "we," "us" or "our" within this Item 8.01 are intended to mean the business and operations of the Partnership and its consolidated subsidiaries.

Forward-Looking Statements

Forward-Looking Statements Certain matters discussed in this Current Report are forward-looking statements that involve certain risks and uncertainties, such as Enterprise's expectations regarding future results, capital expenditures, project completions, liquidity and financial market conditions. These risks and uncertainties include, among other things, insufficient cash from operations, adverse market conditions, governmental regulations and other factors discussed in Enterprise's filings with the U.S. Securities and Exchange Commission. If any of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. Enterprise disclaims any intention or obligation to update publicly or reverse such statements, whether as a result of new information, future events or otherwise. 1 Condensed Consolidated Financial Highlights — Second Quarter 2024 Results (Unaudited) On July 30, 2024, the Partnership announced its consolidated financial results for the three and six months ended June 30, 2024. The following table presents condensed consolidated financial highlights for the periods and at the dates indicated (dollars in millions, except per unit amounts): For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) Selected Income Statement Data: Revenues $ 13,483 $ 10,651 $ 28,243 $ 23,095 Costs and expenses (11,819 ) (9,193 ) (24,859 ) (20,007 ) Equity in income of unconsolidated affiliates 101 121 203 225 Operating income 1,765 1,579 3,587 3,313 Interest expense (332 ) (302 ) (663 ) (616 ) Other, net 4 19 17 31 Income before income taxes 1,437 1,296 2,941 2,728 Provision for income taxes (15 ) (13 ) (36 ) (23 ) Net income 1,422 1,283 2,905 2,705 Net income attributable to noncontrolling interests (16 ) (29 ) (42 ) (60 ) Net income attrib

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Enterprise Products Partners L.P. earnings press release dated July 30, 2024. 104 Cover Page Interactive Data File–the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. 6

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENTERPRISE PRODUCTS PARTNERS L.P. By: Enterprise Products Holdings LLC, its General Partner Date: July 30, 2024 By: /s/ R. Daniel Boss Name: R. Daniel Boss Title: Executive Vice President and Chief Financial Officer of Enterprise Products Holdings LLC 7

View Full Filing

View this 8-K filing on SEC EDGAR