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Enterprise Products Partners’ Key Projects in 4Q17

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PDH plant

Enterprise Products Partners’ (EPD) PDH (propane dehydrogenation) facility started commissioning in 4Q17. The facility is expected to ramp up in early 2018. The PDH facility is designed to produce ~25 Mbpd (thousand barrels per day) of PGP (polymer grade propylene) with potential volume upside. It’ll consume 35 Mbpd of propane.

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Midland-to-Sealy pipeline

Enterprise Products’ Midland-to-Sealy pipeline was placed in interim service in 4Q17. The pipeline is expected to ramp up to 450 Mbpd in early 2Q18.

As the above graph shows, Enterprise Products Partners spent nearly $4.5 billion on capital projects in 2017.

Its Aegis ethane pipeline, which started operations in December 2015, has 297 Mbpd capacity contracted in 2018. It will be increasing to 362 Mbpd in 2019.

Upcoming projects

As the above graph shows, Enterprise Products has $5.2 billion of capital projects expected to be completed in 2018 and 2019. The projects include a fractionator in Mont Belvieu and two gas processing plants in Orla in 2018. An iso-butane dehydrogenation facility, a third gas plant at Orla, and the Shin Oak pipeline are expected to become operational in 2019.

To learn how Enterprise Products Partners’ performance compares with its peers, read Key Midstream Giants in 2018: KMI, ETE, EPD, and WMB.

Next, we’ll look at Enterprise Products Partners’ stock performance in 2018. We’ll see what the company’s moving averages indicate about its expected performance in the near term.

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