Insider Trading Review: Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (NYSE:EPD) insider has recently participated in insider trading activity. Director, BARTH CARIN MARCY bought 5,000 shares for $102,600 via one transaction Feb 12. Another notable insider trading was done by MCMAHEN CHARLES E on Feb 12, who is the Director. The insider acquired 10,000 shares at an average price of $19.99. Moreover, an insider selling of 10,000 shares was carried out by Montgomery William C, Director, on Feb 11. Following the transaction, the insider now owns 36,500 shares in total. Director WILLIAMS RANDA DUNCAN bought 3,830,256 shares for $100,007,984 through one transaction Jan 14. Following this sale, this insider’s stake in the company comprises 3,330,619 shares, priced at $76870686.52 as of Wednesday.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 0 sell activities and 16 buy trades. Furthermore, over the past 12 months, the stock was traded 61 times by insiders. In 28 of these trades, the insider was a seller while an employee of the company was the buyer in just 33 instances.

Enterprise Products Partners L.P. (EPD) on January 28, 2016 announced that its financial results for the three months and year ended December 31, 2015.

For the year 2015, operating income and cash flow provided from operations was $3.5 billion and $4.0 billion, respectively. Enterprise reported $5.3 billion in gross operating margin, and a record $4.0 billion in distributable cash flow, excluding proceeds from asset sales, for the year 2015. Distributions declared with respect to 2015 were $1.53 per unit, a 5.5 percent increase compared to distributions paid with respect to 2014. Distributable cash flow for 2015, excluding the proceeds from asset sales, provided 1.3 times coverage of the distributions declared with respect to 2015. Including $1.6 billion of proceeds from asset sales, Enterprise retained $2.6 billion of distributable cash flow in 2015 to reinvest in the growth of the partnership.

“Enterprise reported a solid year in 2015,” stated Jim Teague, chief executive officer of Enterprise’s general partner. “We are pleased with our results given the challenging year for the energy industry due to lower commodity prices. Our results were driven by our fee-based businesses, contributions from newly constructed assets and the acquisitions of Oiltanking Partners and EFS Midstream, which more than offset the effect of lower NGL prices on our natural gas processing business and foregone earnings due to the sale of our offshore assets. NGL, crude oil, refined products and petrochemical pipeline volumes increased 6 percent to 5.3 million barrels per day, LPG export loadings increased 19 percent to 299,000 barrels per day and fee-based natural gas processing volumes were 4.9 billion cubic feet per day for 2015.”

“We successfully completed $2.7 billion of organic growth projects that began commercial operations and generated new sources of cash flow during 2015. These projects included two expansions of our LPG export facility on the Houston Ship Channel, the last two segments of our Aegis ethane pipeline, the Rancho II crude oil pipeline, and the buildout of our ECHO crude oil storage facility. It is worth noting that the larger expansion of our LPG export facility and the final segment of the Aegis pipeline were completed at the end of 2015 and will provide additional earnings and cash flow in 2016,” said Teague.