Houston’s Enterprise Products Partners, L.P., a company with natural gas storage operations in Oklahoma, Texas, Kansas and other states has declared an increase in the quarterly cash distribution paid to limited partners for the second quarter of 2018.
The board of directors declared the increase to 43-cents per common share or $1.72 on an annualized basis. The quarterly distribution will be paid Wednesday, Aug. 8 to unitholders of record as of the close of business on Tuesday, July 31, 2018.
The distribution represents a 2.4 percent increase over the second quarter distribution of 2017. It is also the company’s 56th consecutive quarterly distribution increase and the 65th overall distribution increase since Enterprise’s initial public offering in 1998.
Second quarter earnings will be announced on Wednesday, Aug. 1, 2018 before the New York Stock Exchange opens for trading. A conference will be held at 9 a.m. CDT with analysts and investors to discuss the earnings.
Enterprise Products, with an office in Oklahoma City is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services. Its assets include nearly 50,000 miles of pipelines and 260 million barrels of storage capacity for NGLs.