Premium Industrial News

Enterprise Products to Rein in Capex in Coming Years as Company Gains Ground in Petrochemicals

Enterprise Products to Rein in Capex in Coming Years as Company Gains Ground in Petrochemicals

oil_gas_transmission

Industry Segment: Pipelines | Word Count: 714 Words

SUGAR LAND--July 29, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Enterprise Products Partners' (NYSE:EPD) (Houston, Texas) second-quarter net income held steady year-over-year, rising only slightly from last year to $1.1 billion in second-quarter 2021. While the company is planning more than $1 billion in growth capital expenditures (capex) this year, it plans to ramp this down in subsequent years. Although oil and gas transmission remains at the heart of Enterprise's business, the company is increasingly focusing on the petrochemical sector.

This Premium Article can be purchased individually or as part of a subscription

Subscribe Now!(All Fields Required)

Subscription Type:

  • Pay-Per-Article - $5.95
  • Annual Premium News Subscription - $365.00
Pricing Help?