Enterprise Products Partners Q2 Distributable Cash Flow $1.8B
Portfolio Pulse from Benzinga Newsdesk
Enterprise Products Partners reported a Q2 2024 Distributable Cash Flow (DCF) of $1.8 billion, up from $1.7 billion in Q2 2023. The company declared a 5% increase in distributions to $0.525 per common unit, providing 1.6 times coverage and retaining $661 million of DCF.
July 30, 2024 | 10:03 am
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Enterprise Products Partners reported a strong Q2 2024 with a DCF of $1.8 billion, up from $1.7 billion in Q2 2023. The company increased its distributions by 5% to $0.525 per common unit, providing 1.6 times coverage and retaining $661 million of DCF.
The increase in DCF and distributions indicates strong financial performance and shareholder returns, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100