Enterprise Products Partners L.P. today announced that the board of directors of its general partner declared an increase in its quarterly cash distribution rate to partners to $0.53 per common unit, or $2.12 per unit on an annualized basis. The quarterly distribution will be paid on February 9, 2009, to unitholders of record at the close of business January 30, 2009. This distribution represents a 6.0 percent increase compared to the $0.50 per unit quarterly distribution declared for the fourth quarter of 2007.
Enterprise has now increased its cash distribution rate 18 consecutive quarters. This represents the 27th increase since its initial public offering in 1998.
Enterprise will announce its earnings for the fourth quarter 2008 on Monday, February 2, 2009, before the New York Stock Exchange opens for trading. Following the announcement, the company will host a conference call at 9 a.m. CST with analysts and investors to discuss fourth quarter 2008 earnings. The call will be broadcast live on the Internet and may be accessed at the company’s website, www.epplp.com.
To listen to the webcast, participants should access the “Investor Resources” section of the company’s website at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and can be accessed one hour after the completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemicals through more than 35,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE - News). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com.
Contact:
Enterprise Products Partners L.P., Houston
Investor Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media Relations
Rick Rainey, 713-381-3635
Via Yahoo
Enterprise has now increased its cash distribution rate 18 consecutive quarters. This represents the 27th increase since its initial public offering in 1998.
Enterprise will announce its earnings for the fourth quarter 2008 on Monday, February 2, 2009, before the New York Stock Exchange opens for trading. Following the announcement, the company will host a conference call at 9 a.m. CST with analysts and investors to discuss fourth quarter 2008 earnings. The call will be broadcast live on the Internet and may be accessed at the company’s website, www.epplp.com.
To listen to the webcast, participants should access the “Investor Resources” section of the company’s website at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and can be accessed one hour after the completion of the call.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemicals through more than 35,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE - News). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com.
Contact:
Enterprise Products Partners L.P., Houston
Investor Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media Relations
Rick Rainey, 713-381-3635
Via Yahoo
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