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Enterprise Products Partners boosts quarterly distribution

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Enterprise Products Partners boosts quarterly distribution

Enterprise Products Partners LP raised its distribution for the fourth quarter of 2018 to 43.5 cents per unit, up 0.2 cents, or 0.6%, from the third quarter of that year.

The distribution, which amounts to $1.74 per unit on an annualized basis, is an increase of 1.0 cents, or 2%, compared with a year earlier, according to a Jan. 15 news release. The distribution is payable Feb. 8 to unit holders of record as of Jan. 31.

Houston-based Enterprise provides natural gas, NGL and crude oil midstream services, including gathering, processing, storage and transportation in North America.