Subsequent Event

12 Months Ended

Dec. 31, 2018

Subsequent Event [Abstract]

Subsequent Event

Note 22.  Subsequent Event

In January 2019, we announced that the Board of Enterprise GP had approved a $2.0 billion multi-year unit buyback program, which provides the partnership with an additional method to return capital to investors. The program authorizes the partnership to repurchase its common units from time to time, including through open market purchases and negotiated transactions.  The timing and pace of buy backs under the program will be determined by a number of factors including (i) our financial performance and flexibility, (ii) organic growth and acquisition opportunities with higher potential returns on investment, (iii) our unit price and implied distributable cash flow yield and (iv) maintaining targeted financial leverage with a debt-to-normalized EBITDA ratio in the 3.5 times area.  No time limit has been set for completion of the buyback program, and the program may be suspended or discontinued at any time. When units are repurchased, we plan to cancel such treasury units immediately upon their acquisition.