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EPP Begins Year with $2.5 B in Infrastructure Projects

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EPP Begins Year with $2.5 B in Infrastructure Projects

Enterprise Products Partners L.P. has announced its financial results for the three months ended March 31, 2014.

Enterprise increased its cash distribution with respect to the first quarter of 2014 to $0.71 per unit, or $2.84 per unit on an annualized basis, which represents a 6.0 percent increase from the distribution paid with respect to the first quarter of 2013. This is the 39th consecutive quarterly increase and the 48th increase since the partnership’s initial public offering in 1998. The distribution with respect to the first quarter of 2014 will be paid on May 7, 2014 to unitholders of record as of the close of business on April 30, 2014; Enterprise reported distributable cash flow of $1.1 billion for the first quarter of 2014, which provided 1.6 times coverage of the $0.71 per…
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