Enterprise Products Declares 56-Cent Quarterly Distribution Raise
Enterprise Products declared a 56-cent quarterly distribution, a 2.8% increase from the prior-year quarter. The payout is backed by adjusted operating cash flow up 19% to a record $2.5 billion, with about $1.2 billion of quarterly capital aimed at sanctioned Permian and export projects. The firm has raised distributions for 27 straight years and reported coverage near 1.9x DCF.