Enterprise Products Partners Taps Insider for Key Leadership Role

NEW YORK, NY – November 20, 2025

Enterprise Products Partners L.P. announced today the appointment of Michael C. “Tug” Hanley as Executive Vice President and Chief Commercial Officer, effective December 1, 2025. The move, while anticipated internally, highlights a strategic emphasis on operational continuity and deep industry expertise as the energy landscape undergoes rapid transformation. The appointment underscores a commitment to leveraging internal talent during a period marked by both opportunity and volatility.

A Steady Hand on the Helm

The promotion of Hanley, a 20-year veteran of Enterprise, reflects a deliberate choice to prioritize internal stability. While external hires often bring fresh perspectives, Enterprise appears to be betting on the value of institutional knowledge and established relationships. “The decision wasn’t about finding someone who could do the job,” stated one source close to the company, “it was about putting the person who already knew the business inside the role.” This approach signals a belief that navigating the complexities of the midstream sector requires more than just skill – it demands a nuanced understanding of Enterprise’s specific operations, customer base, and long-term strategic goals.

Analysts suggest that this move aligns with a broader trend within the industry. “We're seeing a flight to quality and a preference for experienced leadership,” commented an industry observer. “Companies are less willing to take risks on unproven talent during times of uncertainty.” Enterprise’s recent financial performance—characterized by steady, if unspectacular, growth—suggests a pragmatic approach to risk management. While Q3 2025 saw a slight dip in net income, driven primarily by macroeconomic factors, the company continues to generate substantial cash flow and maintains a strong balance sheet.

Navigating a Shifting Energy Landscape

Hanley’s appointment comes at a critical juncture for Enterprise Products Partners. The company is heavily invested in natural gas and NGLs, a sector facing increasing scrutiny amid the global energy transition. While demand for these fuels remains robust, particularly in the petrochemical industry, long-term projections suggest a gradual shift towards renewable energy sources. Enterprise is responding to this challenge by diversifying its infrastructure and expanding its capabilities in areas such as carbon capture and storage.

The company’s ongoing investments in projects like the Bahia NGL pipeline expansion—a joint venture with ExxonMobil—demonstrate a commitment to maximizing the value of existing assets and capitalizing on emerging opportunities. “They’re not abandoning fossil fuels,” explained another source familiar with the company’s strategy, “but they’re actively exploring ways to adapt their infrastructure to the changing energy mix.” Hanley’s experience in overseeing the development and operation of these projects will be crucial in driving future growth.

He will be responsible for overseeing all commercial functions, including strategic planning, customer relationship management, and market analysis. A key element of his role will be to identify and pursue new opportunities to expand Enterprise’s reach and enhance its competitive position. This includes exploring potential partnerships and acquisitions, as well as developing innovative solutions to address the evolving needs of the company’s customers. The scale of these challenges is significant, requiring a leader with not only deep industry knowledge but also a proven track record of execution.

Building on Internal Strength

Throughout his tenure at Enterprise, Hanley has consistently demonstrated a commitment to operational excellence and a strong understanding of the company’s values. He has held positions of increasing responsibility across various commercial businesses, including natural gas, NGLs, and crude oil. This broad experience will be invaluable in leading the company’s commercial team and ensuring alignment across all business units.

“He’s a product of the Enterprise system,” one insider explained. “He understands the culture, the processes, and the people. That’s a huge advantage.” The company’s emphasis on internal development is reflected in its relatively low turnover rate and its strong reputation as an employer of choice.

The decision to promote Hanley also sends a message to employees that Enterprise values loyalty and commitment. It reinforces the company’s culture of internal advancement and provides a clear path for career growth. By investing in its own talent, Enterprise is building a sustainable competitive advantage and ensuring that it has the leadership in place to navigate the challenges and opportunities of the future. The company's recent investments in talent, coupled with its focus on infrastructure development, suggest a long-term commitment to maintaining its position as a leading player in the midstream energy sector.