1 minute read
In Closing Snapshot
The global economy has become more fragile as a result of increasing geopolitical volatility, trends toward reduced globalization, evolving supply chain challenges, and low commodity inventories. We believe the United States will still be advantaged due to our ample and lower cost natural resources, strong bank and financial markets, rule of law, technological improvements across industries, and “can do” spirit. We believe Enterprise will continue to innovate in providing essential cost-effective midstream energy services to our producing and consuming customers, both domestic and international, and provide attractive returns to our investors.
We are proud 2022 was another record year for Enterprise in terms of safety, operational, and financial performance. We are grateful for the everyday efforts of our 7,300 employees who facilitated this record performance. We value our employees’ initiative, creativity, and strong work ethic, which enabled us to safely serve our customers and realize our successes. We would also like to thank our suppliers, capital providers, and fixed income and equity investors who are integral to our achievements.
As we embark on our 25th year as a public company, we will continue to explore opportunities to responsibly grow the partnership, build long-term value, and provide a resilient and growing stream of cash distributions to our limited partners. We are looking forward to pursuing new opportunities for our partnership in 2023 and beyond.
Randa Duncan Chairman of the Board
Jim Teague Co-Chief Executive Officer
Hank Bachmann Vice Chairman of the Board
Randy Fowler Co-Chief Executive Officer and Chief Financial Officer
$9.3 Billion record Adjusted EBITDA
$47.4 Billion returned to unitholders via cash distributions since IPO
24 Consecutive Years of cash distribution growth
30% Improvement(1) in C02e emission per barrel of equivalent (“BOE”) since 2011
ESG Metrics incorporated into management compensation