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Enterprise Products Partners L.P. Enterprise Reports First Quarter 2021 Earnings Exhibit 99.1 Houston , Texas ( Monday , May 3 , 2021 ) – Enterprise Products Partners L.P. ( “ Enterprise ” ) ( NYSE : EPD ) today announced its financial results for the three months ended March 31 , 2021 . Enterprise reported net income attributable to common unitholders of $ 1.3 billion , or $ 0.61 per unit on a fully diluted basis , for the first quarter of 2021 , compared to $ 1.4 billion , or $ 0.61 per unit on a fully diluted basis , for the first quarter of 2020. Net income for the first quarter of 2021 was reduced by non - cash , asset impairment charges of approximately $ 66 million , or $ 0.03 per fully diluted unit . The impairment charges include $ 43 million related to our coal bed natural gas gathering system and Val Verde treating facility in the San Juan Basin that was held - for - sale at March 31 , 2021. Net income for the first quarter of 2020 included an aggregate $ 187 million , or $ 0.08 per fully diluted unit , of deferred income tax benefits associated with the settlement of the Liquidity Option Agreement on March 5 , 2020 , and the subsequent accounting for the related deferred tax liability . Net cash flow provided by operating activities , or cash flow from operations ( " CFFO " ) , was $ 2.0 billion for both the first quarters of 2021 and 2020. Distributions declared with respect to the first quarter of 2021 increased 1.1 percent to $ 0.45 per unit , or $ 1.80 per unit annualized , compared to distributions declared for the first quarter of 2020. Enterprise's payout ratio to common unitholders of distributions and partnership unit buybacks for the twelve months ended March 31 , 2021 was 68 % of CFFO . For the twelve months ended March 31 , 2021 , Free Cash Flow ( CFFO less capital investments , or " FCF " ) was $ 3.1 billion compared to $ 3.4 billion for the twelve months ended March 31 , 2020 . Distributable Cash Flow ( " DCF " ) was $ 1.7 billion for the first quarter of 2021 compared to $ 1.6 billion for the first quarter of 2020 . DCF for the first quarter of 2021 included $ 81 million of cash proceeds from the monetization of interest rate hedging instruments and asset sales . Excluding these non - operating amounts , DCF provided 1.7 times coverage of the distribution declared with respect to the first quarter of 2021. Enterprise retained $ 746 million of DCF for the first quarter of 2021 , and $ 2.7 billion for the twelve months ended March 31 , 2021 .