Enterprise Declares Cash Distribution; Invites Investors to Fourth Quarter 2003 Earnings Call.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--Jan. 14, 2004

Enterprise Products Partners L.P. (NYSE:EPD) declared its quarterly cash distribution of $0.3725 per common unit ($1.49 per unit on an annualized basis). The distribution will be paid on February 11, 2004 to unitholders of record at the close of business on January 30, 2004.

Enterprise will announce its earnings for the fourth quarter of 2003 on Tuesday, February 3, 2004 before the New York Stock Exchange opens for trading. Following the announcement, the company will host a conference call to discuss fourth quarter results at 9:00 a.m. Central Time. The call will be broadcast live over the Internet and may be accessed at the company's Web site, www.epplp.com.

To access the webcast, participants should visit the "Investor Information" section of the company's Web site at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week following the conference call and can be accessed one hour after the completion of the call.

Enterprise has scheduled quarterly earnings reporting dates and cash distribution record and payment dates for the remainder of 2004 as follows:

            Earnings                     Cash Distributions
Quarter     Reporting Date       Record Date         Payment Date
-------     --------------       -----------         ------------
First       April 28, 2004       April 30, 2004      May 12, 2004
Second      July 28, 2004        July 30, 2004       August 11, 2004
Third       October 27, 2004     October 29, 2004    November 12, 2004

Enterprise Products Partners L.P. is the second largest publicly traded, midstream energy partnership with an enterprise value of over $7.0 billion. Enterprise is a leading North American provider of midstream energy services to producers and consumers of natural gas and NGLs. The Company's services include natural gas transportation, processing and storage and NGL fractionation (or separation), transportation, storage and import/export terminaling.

This press release contains various forward-looking statements and information that is based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements.

Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are:

-- fluctuations in oil, natural gas and NGL prices and production

due to weather and other natural and economic forces;

-- a reduction in demand for the Company's products by the

petrochemical, refining or heating industries;

-- a decline in the volumes of NGLs delivered by the Company's

facilities;

-- the failure of the Company's credit risk management efforts to

adequately protect it against customer non-payment;

-- the failure to successfully integrate new acquisitions; and

-- terrorist attacks aimed at the Company's facilities.

The Company has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.