With Petroleum Products as Foundation, Enterprise Products Keeps Eyes on New Technologies
Industry Segment: Pipelines | Word Count: 557 Words
SUGAR LAND May 4, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Midstream company Enterprise Products Partners (NYSE:EPD) (Houston, Texas) may look slightly different in coming years. Co-Chief Executive Officer Jim Teague said that the company was exploring evolutionary technologies, or lower-carbon opportunities.
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The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years..the 15 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 9 billion cubic foot addition from an S&P Global Platts survey of analysts, but measured well below the average addition of 67 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 66 billion cubic feet added to natur
Enterprise Products Partners acknowledges rough first quarter
May 3, 2021 12:55:pm
Summary
by: Daniel Graeber
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Enterprise Products Partners acknowledges rough first quarter
Texas-based energy company Enterprise Products Partners reported May 3 that Q1 profits were lower year-on-year but added it was optimistic about the expected recovery in demand.
Net income attributable to shareholders was $1.3bn during Q1, compared with $1.4bn during the same period last year. Net cash flow was unchanged y/y at $2bn. Total capital investments during Q1 were $682mn and the company said total spending for the year was targeted at $1.6bn. Total capital investments should be about half of that next year.