Q3 2023 Earnings Snapshot: Enterprise Products Partners LP and PSEG Report Results
Enterprise Products Partners LP reported a decrease in net income to $1.3 billion for Q3 2023 compared to $1.4 billion in Q3 2022. However, the company saw a 5.3% increase in distributions declared for Q3 2023. Distributable Cash Flow (DCF) remained steady at $1.9 billion, and the company retained $773 million for reinvestment. Enterprise completed $2.7 billion of capital projects and announced $3.1 billion of new growth projects.