Enterprise Products Partners Reaches 28-Year Distribution Streak
Enterprise Products Partners reported a 21% increase in operational distributable cash flow to $2.3 billion during the second quarter, supporting its 5.9% yield. Fee-based contracts underpin about 80% of earnings, muting commodity volatility for income-focused investors.
Income-oriented investors tracking midstream master limited partnerships note Enterprise Products Partners' 5.9% yield backed by fee-based contracts and 1.9x distribution coverage.