Enterprise Products Partners L.P.

SEC Filings

8-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 8-K on 01/31/2018
Entire Document
 


Enterprise Products Partners L.P.
   
Exhibit C
 
Selected Commodity Price Information
             
                                       
Polymer
Grade
Propylene,
   
Refinery
Grade
Propylene,
             
   
Natural
Gas,
               
Normal
Butane,
         
Natural
Gasoline,
           
WTI
   
LLS
 
       
Ethane,
   
Propane,
       
Isobutane,
               
Crude Oil,
   
Crude Oil,
 
   
$/MMBtu
   
$/gallon
   
$/gallon
   
$/gallon
   
$/gallon
   
$/gallon
   
$/pound
   
$/pound
   
$/barrel
   
$/barrel
 
   
(1)
 
 
(2)
 
 
(2)
 
 
(2)
 
 
(2)
 
 
(2)
 
 
(3)
 
 
(3)
 
 
(4)
 
 
(4)
 
2016 by quarter:
                                                                               
   1st Quarter
 
$
2.09
   
$
0.16
   
$
0.38
   
$
0.53
   
$
0.53
   
$
0.76
   
$
0.31
   
$
0.18
   
$
33.45
   
$
35.11
 
   2nd Quarter
 
$
1.95
   
$
0.20
   
$
0.49
   
$
0.62
   
$
0.63
   
$
0.96
   
$
0.33
   
$
0.19
   
$
45.59
   
$
47.35
 
   3rd Quarter
 
$
2.81
   
$
0.19
   
$
0.47
   
$
0.63
   
$
0.67
   
$
0.98
   
$
0.38
   
$
0.24
   
$
44.94
   
$
46.52
 
   4th Quarter
 
$
2.98
   
$
0.24
   
$
0.58
   
$
0.83
   
$
0.90
   
$
1.08
   
$
0.36
   
$
0.24
   
$
49.29
   
$
50.53
 
YTD 2016 Averages
 
$
2.46
   
$
0.20
   
$
0.48
   
$
0.65
   
$
0.68
   
$
0.94
   
$
0.34
   
$
0.21
   
$
43.32
   
$
44.88
 
                                                                                 
2017 by quarter:
                                                                               
   1st Quarter
 
$
3.32
   
$
0.23
   
$
0.71
   
$
0.98
   
$
0.94
   
$
1.10
   
$
0.47
   
$
0.32
   
$
51.91
   
$
53.52
 
   2nd Quarter
 
$
3.19
   
$
0.25
   
$
0.63
   
$
0.76
   
$
0.75
   
$
1.07
   
$
0.41
   
$
0.28
   
$
48.28
   
$
50.31
 
   3rd Quarter
 
$
2.99
   
$
0.26
   
$
0.77
   
$
0.91
   
$
0.92
   
$
1.10
   
$
0.42
   
$
0.28
   
$
48.20
   
$
51.62
 
   4th Quarter
 
$
2.93
   
$
0.25
   
$
0.96
   
$
1.04
   
$
1.04
   
$
1.32
   
$
0.49
   
$
0.35
   
$
55.40
   
$
61.07
 
YTD 2017 Averages
 
$
3.11
   
$
0.25
   
$
0.77
   
$
0.92
   
$
0.91
   
$
1.15
   
$
0.45
   
$
0.31
   
$
50.95
   
$
54.13
 
                           
(1) Natural gas prices are based on Henry-Hub Inside FERC commercial index prices as reported by Platts, which is a division of McGraw Hill Financial, Inc.
(2) NGL prices for ethane, propane, normal butane, isobutane and natural gasoline are based on Mont Belvieu Non-TET commercial index prices as reported by Oil Price Information Service.
(3) Polymer-grade propylene prices represent average contract pricing for such product as reported by IHS Chemical, a division of IHS Inc. (“IHS Chemical”). Refinery grade propylene prices represent weighted-average spot prices for such product as reported by IHS Chemical.
(4) Crude oil prices are based on commercial index prices for West Texas Intermediate (“WTI”) as measured on the New York Mercantile Exchange and for Louisiana Light Sweet (“LLS”) as reported by Platts.
 

The weighted-average indicative market price for NGLs (based on prices for such products at Mont Belvieu, Texas, which is the primary industry hub for domestic NGL production) was $0.80 per gallon during the fourth quarter of 2017 versus $0.60 per gallon for the fourth quarter of 2016.

Fluctuations in our consolidated revenues and cost of sales amounts are explained in large part by changes in energy commodity prices.  Energy commodity prices fluctuate for a variety of reasons, including supply and demand imbalances and geopolitical tensions.

A change in our consolidated marketing revenues due to higher energy commodity sales prices may not result in a similar change in gross operating margin or cash available for distribution, since our consolidated cost of sales amounts would also change due to comparable increases in the purchase prices of the underlying energy commodities.


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