Enterprise Products Partners L P - Unit

NYSE:EPD  
23.25
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Other Pre-Announcement

Enterprise Says Cancelling Midland To Echo 4 Pipeline

Published: 09/09/2020 10:22 GMT
(EPD) - Enterprise and Customers Amend Crude Oil Agreements; Enterprise Cancelling Midland to Echo 4 Pipeline.
Enterprise Products Partners Lp - to Cancel 450,000 Barrels per Day Midland-to-echo 4 Crude Oil Pipeline Project.
Enterprise Products Partners Lp - Amendments Provide for Reduction of Near Term Volume Commitments in Exchange for Extending Term of Agreements.
Enterprise Products Partners Lp - Cancellation of M2e4 Will Reduce Aggregate Growth Capital Expenditures for 2020, 2021 and 2022 by Approximately $800 Million.
Enterprise - See Growth Capital Expenditures, Net of Contributions From Jv Partners, for 2020, 2021 & 2022 to Be About $2.8 Billion, $1.6 Billion & $900 Million.
Enterprise Products Partners Lp - Do Not Expect to Receive Approvals for Spot in 2020.
Enterprise Products Partners Lp - Due to Cancellation, Co Expects to Record an Impairment Charge of Approximately $45 Million to Its Earnings for Q3.