Enterprise Products Partners L.P.
Houston, TX, United States
Company overview
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing activities. This segment operates natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of approximately 200 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and transports, stores, and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation facilities, including propylene fractionation units and propane dehydrogenation facilities, and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement, isobutane dehydrogenation, and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals; and provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.
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Generating $100 in Quarterly Dividend Income: A Closer Look at Realty Income and Enterprise Products Partners
A $5,635 split investment between Realty Income (4.96% yield) and Enterprise Products Partners (5.69% yield) could generate roughly $100 in quarterly dividend income.
Market News
Two Pipeline Giants Offer Strong Dividend Yields Despite Energy Sector Rally
Two midstream energy companies offer attractive dividend yields and reasonable valuations despite the sector's 40% rally this year.
Market News
Why Midstream Energy Companies Could Weather Market Turbulence Better Than Oil Producers
Infrastructure companies Enterprise Products Partners and Enbridge offer energy sector exposure with more stable cash flows than commodity producers like Diamondback Energy.
Market News
Three Dividend Champions Offering Yields Above 4.5% for Long-Term Income Investors
Bank of Nova Scotia, Realty Income, and Enterprise Products Partners offer yields from 4.6% to 5.7% backed by decades of consistent dividend payments through market cycles.