SecProbe.io

United States securities and exchange commission logo
April 20, 2022
R. Daniel Boss
Executive Vice President
Enterprise Products Partners L.P.
1100 Louisiana Street, 10th Floor
Houston, TX 77002
Re:Enterprise Products Partners L.P.
Form 10-K for the Year Ended December 31, 2021
Filed February 28, 2022
File No. 001-14323
Dear Mr. Boss:
            We have limited our review of your filing to the financial statements and related
disclosures and have the following comments.  In some of our comments, we may ask you to
provide us with information so we may better understand your disclosure.
            Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond.  If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
            After reviewing your response to these comments, we may have additional comments.
Form 10-K for the Year Ended December 31, 2021
Item 1A. Risk Factors, page 34
1.You disclose in your 2022 Analyst Day presentation that Oil & Gas industry is currently
facing post-COVID supply chain shortages (labor, steel, sand), oilfield service equipment
cannibalization and cost inflation 20%+. Please disclose in a risk factor the potential
negative effects of inflation on your financial results, financial position and liquidity.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations, page 57
2.You disclose in your 2022 Analyst Day presentation that Oil & Gas industry is currently
facing post-COVID supply chain shortages (labor, steel, sand), oilfield service equipment
cannibalization and cost inflation 20%+. You also disclose that gross operating margins
decreased due to higher operating costs or higher maintenance costs for a number of your
operations. Discuss and analyze the underlying reasons for the higher operating and

 FirstName LastNameR. Daniel Boss
 Comapany NameEnterprise Products Partners L.P.
 April 20, 2022 Page 2
 FirstName LastName
R. Daniel Boss
Enterprise Products Partners L.P.
April 20, 2022
Page 2
maintenance costs. Refer to Item 303(b) of Regulation S-K. Please also discuss and
analyze the potential negative effects of inflation on your financial results and liquidity.
            In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
            You may contact Yong Kim, Staff Accountant, at (202) 551-3323 or Gus Rodriguez,
Accounting Branch Chief, at (202) 551-3752 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation