Enterprise Products Partners Forecasts 34% Permian Growth Through 2030 and $6.3 Billion Project Backlog
Enterprise Products Partners L.P. (EPD) has announced significant long-term growth projections, forecasting a 34% increase in Permian Basin wet gas and Natural Gas Liquids (NGL) volumes through 2030. The company is currently advancing a substantial $6.3 billion backlog of capital projects designed to expand its midstream infrastructure capabilities. The Q3 earnings call also marked a leadership transition within the organization. Co-CEO A. Teague announced his departure from the co-CEO role, paving the way for Randy assumes the position of sole CEO. This strategic shift coincides with the company's aggressive expansion plans in key energy basins.
Tickers: $EPD