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EPO has extended the maturity date of the facility to Sep 2017. Per the terms of the modified facility, this Enterprise Products Partners unit may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion if it considers that necessary.
Enterprise Products Partners, a leading master limited partnership (MLP), provides a wide range of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGL - Free Report) , and crude oil.
The partnership's assets include about 49,000 miles of onshore and offshore pipelines, approximately 225 million barrels of storage capacity for NGLs, refined products and crude oil. It also boasts a 14 billion cubic feet of natural gas storage capacity.
Enterprise Products Partners is viewed as a core holding in an MLP portfolio, given its string of organic growth projects, potential acquisitions, strong balance sheet and solid liquidity position. The partnership is one of the largest fully integrated midstream service providers with a positive long-term outlook and significant geographic and business diversity.
Enterprise Products Partners continues to increase its Eagle Ford shale exposure so as to capitalize on the NGL market dynamics. The Eagle Ford Shale continues to be one of the main growth vehicles of the partnership and helps to offset volume weakness in other regions of the Mid-Continent. The partnership has several projects planned for this region, including an expanded gas processing facility at Yoakum, with a total processing capacity of over 140,000 barrels a day. This makes it one of the major NGL producing plants in North America.
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Enterprise's (EPD) Unit Modifies Revolving Credit Agreement
Enterprise Products Partners L.P.’s (EPD - Free Report) operating subsidiary, Enterprise Products Operating LLC (“EPO”), recently modified its 364-Day Revolving Credit Agreement.
EPO has extended the maturity date of the facility to Sep 2017. Per the terms of the modified facility, this Enterprise Products Partners unit may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion if it considers that necessary.
Enterprise Products Partners, a leading master limited partnership (MLP), provides a wide range of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGL - Free Report) , and crude oil.
The partnership's assets include about 49,000 miles of onshore and offshore pipelines, approximately 225 million barrels of storage capacity for NGLs, refined products and crude oil. It also boasts a 14 billion cubic feet of natural gas storage capacity.
Enterprise Products Partners is viewed as a core holding in an MLP portfolio, given its string of organic growth projects, potential acquisitions, strong balance sheet and solid liquidity position. The partnership is one of the largest fully integrated midstream service providers with a positive long-term outlook and significant geographic and business diversity.
ENTERPRISE PROD Price
ENTERPRISE PROD Price | ENTERPRISE PROD Quote
Enterprise Products Partners continues to increase its Eagle Ford shale exposure so as to capitalize on the NGL market dynamics. The Eagle Ford Shale continues to be one of the main growth vehicles of the partnership and helps to offset volume weakness in other regions of the Mid-Continent. The partnership has several projects planned for this region, including an expanded gas processing facility at Yoakum, with a total processing capacity of over 140,000 barrels a day. This makes it one of the major NGL producing plants in North America.
Enterprise Products Partners currently carries a Zacks Rank #3 (Hold). Some better-ranked players from the energy sector are Matador Resources Company (MTDR - Free Report) , NGL Energy Partners LP (NGL - Free Report) and Enviva Partners L.P. (EVA - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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