![]() ![]() However, EPD cautioned that lower natural gas prices were starting to dampen activity and growth in dry natural gas plays, including the Haynesville and Eagle Ford. The Shutterstock logo is a stylized letter S made up of various colored squares arranged in a geometric pattern. Serving Cheese Coneys, Ways, Greek Salad & more great-tasting food since 1949. Natural gas transportation volumes also hit a record high of 18.0 trillion British thermal units per day (TBtupd) in Q1 compared to 16.4 TBtupd a year ago. Famous for secret recipe chili & fast, friendly dine-in & drive-thru service. Click on Upload Photo button to add your picture to this online Shutterstock watermark remover. The surge was partly due to the expiration of minimum volume commitments on a significant pipeline.ĮPD's net income also rose 6.8% to $1.4 billion, translating to 63 cents per share, with Colton Bean, an analyst at Tudor Pickering Holt & Co, hailing the results as "a healthy start to 2023 earnings."īean also noted that they bode well for EPD's unofficial target of $9.3 billion in full-year earnings before interest, taxes, depreciation, and amortization. The firm's crude oil pipeline transportation volumes increased to 2.3 million barrels per day (bpd) in the first quarter, compared to 2.2 million bpd a year earlier, with crude oil marine terminal volumes surging by 5.7% to 841,000 bpd.ĭespite this growth, the gross operating margin from the crude oil pipelines and services segment fell by 4.3% to $397 million in Q1. Thousands of new, high-quality pictures added every day. Teague said the company anticipates growth opportunities in gathering and processing in the Permian. Logos for small businesses Logos images can be great for small business design projects. Find Logoesport stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. The Sea Port Oil Terminal (SPOT) project received a record of decision in late 2022, a significant milestone in the licensing process.Īccording to Jim Teague, the co-CEO, who spoke with analysts in a conference call, EPD expects the SPOT project to obtain other licenses and permits in the second half of 2023. The company has maintained a bullish outlook on oil production from the Permian Basin, which stretches across Texas and New Mexico and is seeking to build a crude oil export terminal on the Gulf Coast. shale basin, citing a statement made by the company on Tuesday, May 2. Reuters reported yesterday the growth was aided by the surge in production in the top U.S. Enterprise Products Partners (EPD.N), a pipeline and storage company, has reported a slight increase in its crude oil pipeline volumes for the first quarter of the year. ![]()
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