Enterprise Looks Positioned to Deliver Solid 5% EBITDA Growth in 2024

Geographical and asset diversity allows Enterprise Products Partners to pursue growth in nearly any environment. It can aggregate supply of every type of hydrocarbon from multiple sources in major producing basins and deliver it to multiple end markets (refiners, petrochemicals, exports). Its robust marketing operations let it clip transaction-fee-like earnings during volatile oil and gas markets like we saw with winter storm Uri in 2021. Enterprise placed $3.5 billion of projects in service in 2023 and looks to invest a similar amount in 2024, which will provide solid volumes growth and new fees.