Enterprise Products Partners L.P. (NYSE: EPD) Co-CEO Jim Teague Interviewed by Advisor Access
10 Setembro 2024 - 9:30AM
Enterprise Products Partners L.P. (NYSE: EPD) is one
of the largest publicly traded partnerships and a leading North
American provider of midstream energy services to producers and
consumers of natural gas, natural gas liquids, crude oil, refined
products and petrochemicals.
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the EPD
Investor
Presentation
Advisor Access spoke with Jim
Teague, Enterprise Products Partners’ co-CEO, about
the company’s business environment and outlook, plans for future
growth and the company’s financial strength.
Advisor
Access: Would you introduce Enterprise
Products Partners to our readers?
Jim Teague: EPD is one of the
largest publicly traded partnerships and a leading provider of
midstream energy infrastructure services. Our roots date back to
1968 when Dan Duncan and two partners formed Enterprise Products
Company, a wholesale marketer of natural gas liquids. Since our IPO
in 1998, Enterprise has delivered over two decades of strategic
growth, responsible operations, and attractive returns to
unitholders.
With an A-rated balance sheet, 26 consecutive
years of distribution growth, and over 7% yield, Enterprise stands
apart as a consistent and compelling investment throughout economic
and business cycles.
AA: What are
midstream energy services and how do characterize your business
model?
JT: We operate energy
infrastructure – pipelines, terminals, and processing assets – that
provide critical, must-run energy services. We handle natural gas,
natural gas liquids (NGLs), crude oil, refined products and primary
petrochemicals…
AA: Enterprise has
$6.7 billion in major capital projects under construction. What are
these projects and how do these support future cash flow growth and
capital returns to unitholders?
JT: The majority of our
growth capital projects fall under our NGL segment, our largest
business segment…
AA: 2024 marks
Enterprise’s 26th consecutive year of distribution increases. How
are you able to accomplish this remarkable run?
JT: Our management owns
approximately 33% of our limited partner units. In other words, “we
eat our own cooking.” We think in decades, not quarters. This
long-term mindset has enabled us to build a reliable business with
essential services that our customers can count on…
AA: Many view the
U.S. energy market as in transition – how do you think about the
future and where do you see opportunities and challenges for
Enterprise?
JT: We think globally.
Energy security, reliability and affordability continue to be the
preeminent themes in energy markets…
…AA: Thank you for
your insights, Jim.
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Read
additional
Questions, complete Answers, and the Entire Article
Online
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view the
EPD Disclosures
About Advisor Access
Advisor-Access LLC was designed to bring compelling
investment ideas to investors in the form of in-depth interviews
with company management and the latest fact sheets and corporate
presentations, in a concise format: the critical pieces of
information an investor needs to make an informed investment
decision. Read the Advisor-Access
Full
Disclosure Online.
Advisor Access
Rick Baggelaar
Rick@advisor-access.com
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