Enterprise Products Partners announced on October 2, 2024, that its general partner's board of directors declared a quarterly cash distribution of $0.525 per common unit for the third quarter of 2024. This distribution, payable on November 14, 2024, represents a 5.0 percent increase compared to the distribution declared for the third quarter of 2023.
The partnership also reported active participation in its unit buyback program, repurchasing $76 million of its common units in the open market during the third quarter of 2024. This brings the total common unit repurchases for the first nine months of 2024 to $156 million and for the last twelve months to $252 million.
Cumulatively, Enterprise has repurchased approximately $1.1 billion of common units under its authorized $2.0 billion buyback program. These actions underscore the company's commitment to returning capital to unitholders and reflect its strong financial position.
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