Enterprise Products Partners plans to invest $3.5 to $4 billion in growth projects for 2023.

Enterprise Products Partners (EPD) is increasing its investment in growth projects, driven by promising opportunities. In Q3, the company reported a 5% rise in gross operating profit and adjusted EBITDA, reaching $2.45 billion and $2.44 billion, respectively. Distributable cash flow also rose by 5% to $1.96 billion. EPD plans to invest $3.5 to $4 billion in 2023, aiming for sustainable growth while maintaining a strong balance sheet and consistent distribution.

November 02, 2024
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