General | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Enterprise Sees Record Volumes, $2.3B in Projects Put On-Line in 2013
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Enterprise Products Partners L.P. has reported its financial results for the three months and year ended December 31, 2013.
For the year ended 2013, Enterprise reported record results for each of the following: net income of $2.6 billion; earnings per unit of $2.82 on a fully diluted basis; and gross operating margin of $4.8 billion. Distributable cash flow for 2013 was $3.8 billion.
Michael A. Creel, chief executive officer of Enterprises general partner, commented: "We benefited from record volumes in our fee-based businesses attributable to production growth and from strong domestic and international demand for NGLs, particularly from the U.S. petrochemical industry. In 2013, our integrated pipeline system transported a record 5 million barrels per day of NGLs, crude oil, refined…
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