Enterprise Products Boasts Record Profits for 2011 as More Projects Expected to Come Online Throughout 2012
SUGAR LAND--February 2, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas), a leading North American energy services provider to producers and consumers of natural gas, reported a record year for net income in 2011, ending on a fourth quarter that benefited from higher commodity prices and volumes. Production growth and demand for natural gas liquids (NGL) remained strong throughout the year. Net income was reported to be $721.1 million for the quarter, compared with $159.8 million in the fourth quarter of 2010, and $2.05 billion for the year, compared with $320.8 million in 2010.
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