EPD's Q1 2024 sales grew 18.6% YoY to $14.76B, beating consensus. Adjusted EBITDA rose to $2.47B, but EPS missed. Company expects $3.25-3.75B organic growth investment and $550M sustaining capex in 2024.
David Tepper's hedge fund, Appaloosa Management, made strategic moves in Q4 2023, including entering new positions, boosting select tech holdings, reducing exposure to semiconductors, and making key exits.