Enterprise Tracks Organic Growth in Onshore Gas Systems

摘要

Enterprise Products Partners LP (EPD), which became one of the largest publicly traded midstream partnerships in the country after it merged last year with related entity TEPPCO Partners LP, stands ready to provide natural gas producers with the infrastructure they need to process and transport their production, CEO Michael Creel said last week. The Houston-based partnership reported that net profits in 4Q2009 soared from a year earlier to $406 million (60 cents/unit), versus $228 million (43 cents). Creel helmed a conference call last Monday to discuss EPD’s and related entity Duncan Energy Partners LP earnings.