NGL surge boosts Enterprise Products' Q4 profits to record high

02/2/2012 | Houston Chronicle (tiered subscription model)

Enterprise Products Partners reported record-high profits in the fourth quarter of 2011 as a result of the abundance of natural gas liquids such as propane. The company's net income of $726 million during the quarter was up from $289 million during the same period in 2010. "Our integrated system handled record or near-record volumes of liquids and natural gas, leading to another year of record financial performance," said President and CEO Michael Creel.

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