Enterprise Products Partners LP said it benefited from higher natural gas prices during January’s winter storm and was looking ahead to 2024 when any other commodity price bounces would add to volume-driven growth.

The Houston-based midstream company shipped and processed record volumes of natural gas in 2023, alongside 11 other operational records in the year, including for liquids transportation and marine terminal volumes. 

Natural gas pipeline volumes rose about 8% to 18.4 trillion Btu/d in 2023, while gas processing volumes rose by 13% to an average 5.8 Bcf/d from the previous year. 

Despite that volume growth, most of it out of the Permian Basin, lower commodity prices weighed on the business, with full-year revenues down about 15% to $49 billion, according to...