Enterprise Products Partners announced its financial results for the fourth quarter and full year ended December 31, 2024, on February 4, 2025. For the full year 2024, the company reported record net income attributable to common unitholders of $5.9 billion, or $2.69 per common unit, an increase of 7 percent from $5.5 billion in 2023.
Distributable Cash Flow (DCF) reached a record $7.8 billion for 2024, up from $7.6 billion in 2023. The partnership declared distributions totaling $2.10 per common unit annualized for 2024, marking its 26th consecutive year of distribution growth, with DCF providing 1.7 times coverage.
The company repurchased $219 million of common units in 2024 and reported total capital investments of $5.5 billion, including $3.9 billion for growth projects and $949 million for the Piñon Midstream acquisition. Looking ahead, Enterprise expects organic growth capital investments of $4.0 billion to $4.5 billion in 2025, with $6 billion of major organic growth projects, including two Permian processing plants and the Bahia NGL pipeline, scheduled to begin generating cash flow in 2025.
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