|Enterprise Declares $0.50 Per Unit Cash Distribution|
HOUSTON--(BUSINESS WIRE)--April 13, 2000--Enterprise Products Partners L.P. (NYSE:EPD) declared today its regular quarterly cash distribution of $0.50 per unit. The distribution will be paid on May 10, 2000 to Common and Subordinated Unitholders of record at the close of business on April 28, 2000.
Enterprise Products Partners L.P. is one of the largest publicly traded master limited partnerships with an enterprise value of approximately $2 billion. Enterprise is a leading integrated provider of processing, fractionation, transportation, storage and terminalling services to producers and consumers of natural gas liquids (NGLs) and other petroleum liquids. The Company's assets are geographically focused on the United States' Gulf Coast which accounts for approximately 55% of domestic NGL production and 75% of domestic NGL demand.
This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
CONTACT: Enterprise Products Partners L.P., Houston Randy Fowler, 713/880-6694 www.epplp.com