Enterprise Products Partners LP
09/17/2025 | Press release | Distributed by Public on 09/17/2025 14:51
Specialized Disclosure Report (Form SD)
Resource Extraction Payment Report
Unless the context requires otherwise, references to the "Partnership," "we," "us" and "our" refer to Enterprise Products Partners L.P., its consolidated subsidiaries and entities required to be included in this report. The information within this report has been prepared and is presented in accordance with Rule 13q-1 (17 CFR 240.13q-1) under the Securities Exchange Act of 1934, as amended (the "Rule"). This report is limited to payments required to be disclosed by the Rule and does not include other payments and contributions to governmental and civic entities beyond the scope of the Rule.
Project-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2024, by project and type of payment.
| (in USD and in thousands) | For the year ended December 31, 2024 | |||||||||||||||||||||||||||||||
| Project Name | Segment | Country | Major Subnational Jurisdiction | Government | Government Agency | Resource | Extraction Method |
Taxes(1)
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Fees | Total | ||||||||||||||||||||||
| N/A | N/A | U.S. | N/A | Federal Government | Internal Revenue Service | Oil and Natural Gas | Well | $ | 2,000 | $ | - | $ | 2,000 | |||||||||||||||||||
| Pioneer Gas Plant | NGL Pipelines & Services | U.S. | Wyoming | Federal Government | Bureau of Land Management | Oil and Natural Gas | Well | $ | - | $ | 301 | $ | 301 | |||||||||||||||||||
| Meeker Gas Plant | NGL Pipelines & Services | U.S. | Colorado | Federal Government | Bureau of Land Management | Oil and Natural Gas | Well | $ | - | $ | 136 | $ | 136 | |||||||||||||||||||
| (1) |
Publicly traded partnerships like ours are treated as corporations unless they have 90% or more in "qualifying income" (as that term is defined in the Internal Revenue Code). We satisfied this requirement including for the year ended December 31, 2024 and, as a result, are not subject to federal income tax at the Enterprise Products Partners L.P. entity level. However, certain of our consolidated subsidiaries, which have interests in entities that derive income from "commercial development of oil, natural gas, or minerals" as defined in Section 13(q) of the Securities Exchange Act, are corporations or are treated as corporations for federal income tax purposes and are subject to federal income tax on their taxable income. The U.S. Federal Government levies corporate income taxes at an entity level rather than on a per-project basis. Accordingly, we have disclosed all tax payments at the entity-level for those subsidiaries whose taxable income is derived in part from "commercial development of oil, natural gas, or minerals" as defined in Section 13(q) of the Securities Exchange Act. The payments do not relate to a particular project but to the total taxable income for the applicable subsidiaries.
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Government-level disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2024, by government and type of payment.
| (in USD and in thousands) | For the year ended December 31, 2024 | ||||||||||||||||
| Country | Government |
Taxes(1)
|
Fees | Total | |||||||||||||
| U.S. | Federal Government | $ | 2,000 | $ | 437 | $ | 2,437 | ||||||||||
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(1)
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Publicly traded partnerships like ours are treated as corporations unless they have 90% or more in "qualifying income" (as that term is defined in the Internal Revenue Code). We satisfied this requirement including for the year ended December 31, 2024 and, as a result, are not subject to federal income tax at the Enterprise Products Partners L.P. entity level. However, certain of our consolidated subsidiaries, which have interests in entities that derive income from "commercial development of oil, natural gas, or minerals" as defined in Section 13(q) of the Securities Exchange Act, are corporations or are treated as corporations for federal income tax purposes and are subject to federal income tax on their taxable income. The U.S. Federal Government levies corporate income taxes at an entity level rather than on a per-project basis. Accordingly, we have disclosed all tax payments at the entity-level for those subsidiaries whose taxable income is derived in part from "commercial development of oil, natural gas, or minerals" as defined in Section 13(q) of the Securities Exchange Act. The payments do not relate to a particular project but to the total taxable income for the applicable subsidiaries.
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Enterprise Products Partners LP published this content on September 17, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 17, 2025 at 20:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]