2024-05-03 09:33:23 ET
Summary
- Enterprise Products reported $2.5 billion of adjusted EBITDA for Q1 and expects to maintain a leverage ratio of 3x.
- The company increased its distribution by 5.1% and is experiencing growth, particularly in its NGL segment.
- EPD plays a significant role in US energy exports and is developing SPOT to increase its oil export capacity.
Enterprise Products Q1 Review
Enterprise Products ( EPD ) reported another typical quarter this week. The company delivered $2.5 billion of adjusted EBITDA for the quarter. That made for $9.5 billion over the past 12 months and a leverage ratio of 3x. The company expects to bounce around that leverage ratio plus or minus 25 basis points....
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Enterprise Products: A Bond That Grows