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Enterprise 1Q profit up 2.9% on record NGL transport, export volumes

HOUSTON, April 28, 2016 (PCW) -– Enterprise Products Partners on Thursday reported its 1Q net income at $670 million, up about 2.9% from $651 million in 1Q 2015.

“Our results were driven by increases in gross operating margin attributable to record NGL pipeline and LPG export volumes, the EFS Midstream acquisition, and newly constructed assets that largely offset lower earnings from our commodity and spread sensitive businesses, the sale of our offshore business and lower volumes on certain crude oil and natural gas pipelines,” the company said.

Results for the company’s various segments are as follows:

Petrochemicals & refined products

NGL pipelines & services

-- Samantha Hartke

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