earnings
confidence high
sentiment positive
materiality 0.70
Enterprise Products Q2 net income flat at $1.4B; EPS $0.66 (+3%); DCF $1.9B (+7%)
ENTERPRISE PRODUCTS PARTNERS L.P.
- Diluted EPS $0.66 vs $0.64 YoY; distribution raised 3.8% to $0.545/unit.
- DCF $1.9B (1.6x coverage), retained $748M; Adjusted CFFO $2.1B.
- Record volumes: natural gas processing 7.8 Bcf/d, crude pipelines 2.6 M bpd, NGL pipelines 4.6 M bpd.
- Organic capex guidance maintained: $4.0-4.5B in 2025, $2.0-2.5B in 2026.
- Repurchased ~$110M of common units in Q2; liquidity $5.1B at June 30.