Enterprise Products Partners L.P. Presents at Mitsubishi UFJ 2013 Securities Oil & Gas Conference, May-14-2013 08:30 AM. Speakers: Bryan F. Bulawa, Senior Vice President of Enterprise Products Holdings LLC and Treasurer of Enterprise Products Holdings LLC.

Enterprise Products Partners L.P. announced plans to significantly expand its crude oil storage and distribution infrastructure serving the Southeast Texas refinery market. The expansion will be completed in phases with final completion expected in the fourth quarter of 2014. Upon completion, Enterprise will be uniquely positioned to provide refiners with access to an integrated system offering supply diversification, significant storage capacity and a high-capacity distribution system that will be pipeline-connected to Southeast Texas refineries having an aggregate capacity of approximately 3.6 million barrels per day. In addition, Enterprise's Crude Oil Houston ("ECHO") storage facility, which will be expanded to over 6 million barrels of capacity, will have access to Enterprise's marine terminal at Morgan's Point on the Houston Ship Channel. This expansion includes an additional 4 million barrels of new crude oil storage capacity at Enterprise's ECHO and Bertron facilities and approximately 55 miles of 24-inch and 36-inch pipeline to directly connect ECHO with the major refineries in the Southeast Texas market.

Enterprise Products Partners L.P. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's net income attributable to limited partners increased 16% to $754 million from $651 million for the first quarter of 2012. Earnings per unit for the quarter increased 14% to $0.83 per unit on a fully diluted basis compared to $0.73 per unit on a fully diluted basis for the first quarter of 2012. Revenues were $11,383.1 million compared with $11,252.5 million a year ago. Operating income was $957.7 million compared with $748.9 million a year ago. Income before income taxes was $761.7 million compared with $621.1 million a year ago. Net cash flows provided by operating activities was $999.9 million compared with $604.9 million a year ago. Adjusted EBITDA was $1,250.1 million compared with $1,089.4 million a year ago. Total capital spending was $914.3 million compared with $1,018.7 million a year ago. Distributable cash flow was $897.0 million compared with $1,628.7 million a year ago. For the quarter, the company's NGL, crude oil, refined products and petrochemical transportation volumes were 4,492 MBPD compared with 4,026 MBPD a year ago. Natural gas transportation volumes were 13,804 BBtus/d compared with 14,043 BBtus/d a year ago. Natural gas transportation volumes were 8,125 MBPD compared with 7,722 MBPD a year ago.