Houston-based midstream company Enterprise Products Partners’ declared a quarterly cash distribution of approximately $0.52 per unit or $2.06 per unit on an annualized basis, according to a Jan. 8 press release.
The distribution will be paid Feb. 14 to common unitholders of record by Jan. 31. The distribution represents a 5.1% increase from the distribution in fourth quarter of 2022 and a 3% increase from third quarter 2023, the release stated.
According to the release, Enterprise repurchased $96 million of its common units during fourth quarter 2023 for a total of $187 million in common units repurchased in 2023.
Recommended Reading
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
US Drillers Cut Most Oil Rigs in a Week Since November
2024-04-26 - The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.