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Q3 Quick Look: Enterprise Products Partners

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On October 29th, Enterprise Products Partners held their Q3 earnings call to review the quarter's performance.  Here are a few highlights from the commentary and Q&A:

 

-  If EDP had maintained IDR 's since 2010, EDP would have paid  GP $6B with an implied Q3 coverage of 0.7x

-  Mgt comments "We see alot of opportunities in this environment just as we have in other periods when markets have been disrupted"

-  $7.8B of capital projects under construction supported by long term end user agreements, which commence in 2017

-  $4.7B of available liquidity, only $68MM of ATM issuance

-  2016 Growth Capex expected to range from $3.2B to $3.5B

-  Developing more assets in Permian Basin, where 30% of all US rigs are deployed,  with the building of two new processing plants and takeaway expansion 

-  Management does not see a fall off in 2016  NGL Volumes

-  Increasing LPG Export demand from Asian Companies

-  Diversified set of assets produced higher volumes and EBITDA

 

Volumes

 


 

 

Operating Income

 

 

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Enterprise Products Distributable Cash Flows

 


 

 

 

MLPData will update Q3 Distributable Cash Flows, Coverage Ratios, Unit Metrics and Guidance shortly after the earning call

 

 

Premium Subscribers can access Weekly Fund Flows Here

 

Premium Subscribers can access Risk Metrics Here

 

Premium Subscribers can Monitor Portfolio Income Here

 

Premium Subscribers can access Guidance and Forecast Changes Here

 

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All Data is collected and provided by MLPDa

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