Enterprise Products Partners L.P. (NYSE:EPD) Q2 2019 Earnings Conference Call - Final Transcript

Jul 31, 2019 • 10:00 am ET

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Enterprise Products Partners L.P. (NYSE:EPD) Q2 2019 Earnings Conference Call - Final Transcript

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Q & A
Analyst
Keith Stanley

Midland-to-ECHO expansion. But just any more detail breakdown on where that $1.3 billion increase is coming from?

Executive
W. Randall Fowler

Yeah, some of it was also -- Keith, this is Randy. Some of it was also on the -- the LPG and crude and propylene export expansion projects that we mentioned. We also have, we also announced during the quarter some new propylene and ethylene pipelines, as well as an expansion of Aegis.

Analyst
Keith Stanley

Okay. Thank you very much.

Executive
W. Randall Fowler

And your math was right at $1.3 billion.

Operator
Operator

Your next question comes from the line of Michael Lapides from Goldman Sachs. Your line is open.

Analyst
Michael Lapides

Hey guys, just thinking about spot for a second. Can you talk about kind of a range of how capital intensive or kind of a capex expected, if you get the go-ahead from Uncle Sam to move forward?

Executive
A. J. Teague

It's not cheap.

Analyst
Michael Lapides

Is there, just kind of a back of the envelope or rule of thumb to think about it in terms of size and scale? And also trying to think about the EBITDA impact kind of how impactful relative to the size and scale of Enterprise?

Executive
A. J. Teague

Yeah. I don't think it's impactful relative to size and scale of Enterprise. And I am going to narrow it, not very -- not very narrow, but I'll give you an answer of more than one, less than two.

Analyst
Michael Lapides

Got it. Thanks guys. Much appreciated.

Operator
Operator

There are no further questions at this time. I turn the call back to Randy Burkhalter.

Executive
Randy Burkhalter

Thank you, Jason. And with that, we're ready to conclude our call today, I'd like to thank everybody for participating. And Jason if you would -- could you give our listeners the replay information. And then after that, we'll conclude the call. Thank you.

Operator
Operator

Absolutely. A digitalized replay of the discussion will be available beginning today, July 31, 2019 at 1:00 PM Eastern and will end on Wednesday, August 7, 2019 at 11:59 PM Eastern Time. To access the digitalized replay, please dial 855-859-2056 or 404-537-3406. That concludes today's conference call. You may now disconnect. Thank you.