Enterprise Products Expects 2023 Growth Capex of Up to $2.5 Billion

February 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--After spending $1.4 billion on growth capital expenditures (capex) in 2022, midstream company Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) is setting its sights higher for the coming year, expecting between $2.3 billion and $2.5 billion in growth capex for 2023. Industrial Info is tracking more than $21 billion worth of active projects attributable to Enterprise, with more than $2 billion worth presently under construction.

Enterprise's present project activity involves a range of midstream endeavors, including propane dehydrogenation (PDH), natural gas processing and natural gas liquids (NGL) fractionation.