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Thursday, February 17, 2011

EPD: Record Revenue; Record Distributable Cash Flow -- Not a Bakken Story

Enterprise Products Partners L.P. announced its financial results for the three months and year ended December 31, 2010. Enterprise reported record aggregate natural gas liquid (NGL), crude oil, refined products and petrochemical pipeline volumes as well as record natural gas pipeline volumes for 2010. The partnership also reported record NGL fractionation, propylene fractionation, equity NGL production and fee-based natural gas processing volumes for 2010. This volume growth contributed to record net income of $1.4 billion, record gross operating margin of $3.3 billion and record distributable cash flow of $2.3 billion for 2010.

Another indication of a new energy decade.

For other earnings results, see the "4Q10" earnings tab.

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