Company Overview Visit enterpriseproducts.com website
Enterprise Products Partners L.P. is a leading midstream energy company in North America, with 2017 revenues of $10 billion and a market capitalization of over $44 billion at the time this article was published on the 20th of May, 2018.
It is a fully-integrated partnership involved in the gathering, processing and transportation of natural gas, NGLs (natural gas liquids - ethane, propane, butanes) and crude oil through its extensive pipeline network.
The company owns assets across many key U.S. regions such as Gulf Coast, Rocky Mountain, East Texas, Rocky Mountains, Western Canada and Powder River Basin.
Additionally it owns stakes in joint ventures which transport natural gas for several companies including Chesapeake Energy, Devon Energy and General Electric.
Enterprise Products Partners L.P. was formed in 1994, a result of a spin-off from Enron Corp. It has been listed on the New York Stock Exchange since October 2001 using the ticker EPD.
In May 2018 it announced that it had reached an agreement with General Electric to acquire their stakes in two jointly owned gas processing plants for approximately $2 billion. The deal will increase its ownership stake in these two plants from 37% to 100%.