Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
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Gross operating margin from our Dixie Pipeline and related terminals increased a $9.9 million year-to-year primarily due to higher transportation volumes, which increased 19 MBPD year-to-year.

Gross operating margin from our Tri-States NGL Pipeline increased $8.7 million year-to-year primarily due to a 10 MBPD (net to our interest) increase in transportation volumes.

Gross operating margin from our South Texas NGL Pipeline System decreased a net $25.6 million year-to-year primarily due to lower average transportation fees, which accounted for a $13.7 million decrease, lower transportation volumes, which accounted for a $7.0 million of the decrease, and higher maintenance costs, which accounted for an additional $4.1 million decrease.  Transportation volumes for the South Texas NGL Pipeline System decreased 21 MBPD year-to-year.

Comparison of 2016 with 2015.  Gross operating margin from NGL pipelines, storage and terminal assets for 2016 increased $244.5 million when compared to 2015.

Gross operating margin from ATEX increased $77.2 million year-to-year primarily due to a 39 MBPD increase in transportation volumes.  Gross operating margin from Aegis increased $40.7 million year-to-year primarily due to an 84 MBPD increase in transportation volumes.  Contracted volume commitments continue to ramp higher through 2018 for ATEX and 2019 for Aegis.  The third and final segment of Aegis was completed in December 2015.

Gross operating margin from EHT and the Houston Ship Channel Pipeline System increased $99.5 million year-to-year, primarily due to higher marine terminal and pipeline transportation volumes of 122 MBPD and 113 MBPD, respectively. Gross operating margin from our NGL and related product storage complex in Mont Belvieu, Texas increased $26.1 million year-to-year primarily due to higher fees.

Gross operating margin from our Mid-America Pipeline System, Seminole Pipeline and related terminals increased $10.7 million year-to-year primarily due to lower operating expenses. Gross operating margin from our South Texas NGL Pipeline System increased $9.3 million year-to-year primarily due to higher transportation fees, which escalated in January 2016.

Gross operating margin from our Morgan’s Point Ethane Export Terminal, which was placed into commercial service in September 2016, was a loss of $16.2 million primarily due to commissioning costs.

NGL fractionation

Comparison of 2017 with 2016.  Gross operating margin from NGL fractionation for 2017 increased a net $7.5 million when compared to 2016.  Gross operating margin from our Mont Belvieu NGL fractionators increased a net $4.1 million primarily due to higher average fractionation fees and blending revenues, which accounted for a $50.8 million increase, partially offset by higher storage, maintenance and power expenses of $47.3 million.  NGL fractionation volumes increased 9 MBPD year-to-year, net to our interest.

Comparison of 2016 with 2015.  Gross operating margin from NGL fractionation for 2016 increased $22.9 million when compared to 2015 primarily due to higher fractionation revenues at our Mont Belvieu fractionators.  Fractionation revenues at Mont Belvieu increased $25.6 million year-to-year primarily due to higher fees, which accounted for a $13.2 million increase, and higher fractionation volumes of 10 MBPD, which accounted for an additional $12.4 million increase.





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