Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Eagle Ford Crude Oil Pipeline owns a crude oil pipeline that transports crude oil and condensate for producers in South Texas.  The system consists of a crude oil and condensate pipeline system originating in Gardendale, Texas in LaSalle County to Three Rivers, Texas in Live Oak County and extending to Corpus Christi, Texas.  The system also includes a pipeline segment that interconnects with our South Texas Crude Oil Pipeline System in Wilson County.  This system includes a marine terminal facility in Corpus Christi and storage capacity across the system.  

Eagle Ford Corpus Christi is a joint venture formed in March 2015 to construct and operate a new deep-water marine crude oil terminal that is designed to handle a variety of ocean-going vessels.  The new terminal is expected to be placed into service during the third quarter of 2018.

Natural Gas Pipelines & Services
White River Hub owns a natural gas hub facility serving producers in the Piceance Basin of northwest Colorado.  The facility enables producers to access six interstate natural gas pipelines.

Petrochemical & Refined Products Services
The principal business activity of each significant investee included in our Petrochemical & Refined Products Services segment is described as follows:

BRPC owns a propylene fractionation facility located in south Louisiana that fractionates refinery grade propylene into chemical grade propylene.

Centennial owns an interstate refined products pipeline that extends from Beaumont, Texas, to Bourbon, Illinois.  Centennial also owns a refined products storage terminal located near Creal Springs, Illinois.

Equity Earnings
The following table presents our equity in income (loss) of unconsolidated affiliates by business segment for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
NGL Pipelines & Services
 
$
73.4
   
$
61.4
   
$
57.5
 
Crude Oil Pipelines & Services
   
358.4
     
311.9
     
281.4
 
Natural Gas Pipelines & Services
   
3.8
     
3.8
     
3.8
 
Petrochemical & Refined Products Services (1)
   
(9.6
)
   
(15.1
)
   
(15.7
)
Offshore Pipelines & Services (2)
   
--
     
--
     
46.6
 
Total
 
$
426.0
   
$
362.0
   
$
373.6
 
   
(1)   Losses are primarily attributable to our investment in Centennial. As a result of a trend in declining earnings, we estimated the fair value of this equity-method investment during each of the last three fiscal years. Our estimates, based on a combination of market and income approaches, indicate that the fair value of this investment remains in excess of its carrying value.
(2)   Our investments in unconsolidated affiliates classified within the Offshore Pipelines & Services segment were sold in July 2015 (see Note 10).
 

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