Enterprise Products' Growth Projects Keep Coming

SUGAR LAND--October 29, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Like other midstream companies, Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) is reaping the profits to be made from the growing production of oil, natural gas and natural gas liquids (NGL) in the U.S. and plowing some of its gains into growth projects. Although the company's quarterly net earnings were down from $1.3 billion in third-quarter 2018, it still reported a $1 billion profit in the just-passed third quarter. Enterprise spent $1 billion in growth capital projects in the third quarter and expects growth capital expenditures next year to be $3 billion to $4 billion. Industrial Info is tracking more than $15 billion in active Enterprise projects.

Within this article: Details of Enterprise Products' active growth projects

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