Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis.

The quarterly distribution will be paid Wednesday, February 14, 2024, to common unitholders of record as of the close of business Wednesday, January 31, 2024. This distribution represents a 5.1 percent increase over the distribution declared with respect to the fourth quarter of 2022, and a 3 percent increase over the distribution declared with respect to the third quarter of 2023.

Enterprise repurchased $96 million of its common units in the open market during the fourth quarter of 2023 for a total of $187 million of common units repurchased in 2023. Inclusive of these purchases, the partnership has utilized 46 percent of its authorized $2.0 billion buyback program.

Enterprise Products Partners