Randall Fowler
CO-CEO & Director at Enterprise Products Partners
Combined with $239,000,000 of common unit repurchases over that same period, Enterprise's total capital return was $4,900,000,000 resulting in a payout ratio of adjusted cash flow from operations of 56%. Since our IPO in 1998, we have returned $58,000,000,000 to unitholders in the form of distributions and buybacks. Total capital investments in the first quarter of twenty twenty five were $1,100,000,000 which included $964,000,000 of growth capital cost for growth capital projects and $102,000,000 of sustaining capital expenditures. Our expected range of growth capital expenditures for 2025 and 2026 remains unchanged. For 2025, this is 4,000,000,000 to $4,500,000,000 And for 2026, it's $2,000,000,000 to $2,500,000,000 We continue to expect 2025 sustaining capital expenditures to be approximately $525,000,000 which includes a planned turnaround at our Octane enhancement plant later this year.