Frugal midstream reinvestment compounds EPD's payout Permian NGL + gas growth energy-security + export demand Gathering wellhead NGL Processing gas treating Fractionation NGL split Pipeline Bahia Storage NGL stocks Fee-based stable revenue Stable EBITDA predictable cash Coverage 1.7x retained $3.2B Growth assets reinvestment Raise +3.6% 27th straight Yield on cost buy-and-hold reinvestment loop compounding feeds the loop feedback cycle