This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Enterprise Reports Results For The Third Quarter Of 2012

“Over the past twelve months, we have placed into service newly constructed assets totaling over $4 billion of capital investment. Substantially all of these assets were completed on time and on or under budget. Some of these assets, such as the first two natural gas processing trains of the Yoakum plant, the fifth NGL fractionator at Mont Belvieu, the Acadian Haynesville Extension and the reversal of the Seaway crude oil pipeline started operating either near or above design capacity shortly after beginning operations. Other assets, such as our Eagle Ford natural gas, NGL and crude oil pipelines, will have a ramp up in volumes over the next few years. These assets are driving the volume and cash flow growth in our fee-based businesses that are now visible in our financial results, and will continue to grow over the next few years,” said Creel.

“Looking forward, for the remainder of 2012 and 2013, we are scheduled to begin operations involving major assets representing approximately $3.7 billion of capital investment. These projects include:
  • the ECHO crude oil terminal;
  • the third natural gas processing train at our Yoakum plant;
  • three NGL fractionators at Mont Belvieu;
  • expansion of our NGL export terminal on the Houston Ship Channel;
  • modifications that will increase the capacity of the Seaway pipeline to transport crude oil from Cushing to the Texas Gulf Coast;
  • the Texas Express and Front Range NGL pipelines; and
  • our Eagle Ford crude oil pipeline joint venture with Plains All American.

These projects are essential to facilitate the expected natural gas, NGL and crude oil production growth in the U.S. from the development of the shale plays. These projects will also generate new sources of fee-based volume and cash flow for our partnership. We estimate the percentage of our gross operating margin attributable to fee-based activities will increase from approximately 73 percent in 2011 to approximately 80 percent in 2013 and higher in 2014. The growth in our fee-based cash flows provides the foundation to support future cash distribution increases to partners,” said Creel.

2 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs