Houston-based Enterprise Products Partners said last week its pipelines transported record volumes of products in 2022Q3. A.J. (Jim) Teague, co-CEO, said Nov. 1, “During the third quarter, our pipelines transported a record 11.3 million barrels per day equivalent of NGLs, crude oil, natural gas, refined products and petrochemicals. Enterprise’s natural gas pipelines transported a record 17.5 trillion BTUs per day for the third quarter of 2022.” Higher NGL prices during the quarter helped improve earnings.
Teague added, “These results were primarily driven by contributions from the partnership’s Midland Basin natural gas gathering and processing business and higher gross operating margin from our natural gas processing, octane enhancement and natural gas pipeline businesses.”
