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Enterprise Products Partners LP
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Q3 2024 Earnings Support Presentation
| Randy Fowler | Page 4 of 11 |
December 01, 2024
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"Q3 2024 Earnings Support Presentation"
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4 © All Rights Reserved. Enterprise Products Partners L.P. enterpriseproducts.com Enterprise Allocation of Capital Responsibly Returning Capital to Investors • $55.6 Billion (“B”) of capital returned to equity investors via LP distributions and common unit buybacks, since IPO • Distributions: $0.525/unit for 3Q 2024, a 5% increase over 3Q 2023 • Buybacks: $76 million (“MM”), 2.6MM common units, of repurchases in 3Q 2024 • $156MM, 5.5MM common units, of repurchases for the 9 months ended September 30, 2024 (“9 Mo 2024”) • $252MM, 9.1MM common units, for the trailing 12 months ended 3Q 2024 (“TTM 3Q 2024”) • Unitholder Reinvestment & Employee Support: our DRIP (1) and EUPP (2) programs purchased a combined 1.6MM, 5.0MM, and 6.5 MM common units in 3Q 2024, YTD 2024, and TTM 3Q 2024 respectively, on the open market • Adjusted CFFO Payout Ratio (3) : 56% TTM 3Q 2024 (1) Distribution Reinvestment Plan (“DRIP”) (2) Employee Unit Purchase Plan (“EUPP”) (3) See definitions Maintain and Protect Balance Sheet • Leverage Ratio (3) : 3.0x TTM 3Q 2024; target ratio of 3.0x (+/– 0.25x) • Liquidity: $5.6B comprised of available credit capacity and unrestricted cash as of September 30, 2024 Capital Expenditures • Growth Capital Expenditures Range: ˜$3.5B to $3.75B in 2024 • 2025: ˜$3.5B to $4.0B • 2026: ˜$2.0B to $2.5B • Sustaining Capital Expenditures: ˜$640MM in 2024, includes petrochemical turnarounds “All of the Above” Approach