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Enterprise to buy back $2B of units, raise quarterly distribution in 2019

Feb 01, 2019 - SNL Energy Finance Daily

Enterprise Products Partners LP is launching a $2.0 billion multiyear common unit buyback program to accelerate the return of capital to its unit holders.

Enterprise said it would buy its common units from time to time through open market purchases and negotiated deals, depending on the partnership's financial performance; organic growth and acquisition opportunities; and unit price, among other factors. The program does not have a set time limit for completion and it may be suspended at a...