secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)
CIK:        0001061219
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001061219-26-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPD Q4 net income $1.6B; record volumes; Bahia pipeline started Dec 2025
------------------------------------------------------------------------

- Q4 net income $1.6B ($0.75/unit) flat YoY; full year $5.8B ($2.66/unit) vs $5.9B in 2024.
- Operational DCF $7.9B for 2025 same as 2024; distribution raised 3.6% to $2.175/unit; 27th consecutive annual increase.
- Record operational volumes: NGL fractionation 1.9M BPD, natural gas processing 8.1 Bcf/d, total pipeline 14.1M BPD-equivalent.
- Bahia NGL pipeline began service Dec 2025 (600 MBPD); sold 40% interest to ExxonMobil; expansion to 1M BPD by Q4 2027.
- 2026 organic growth capex guided $1.9-$2.3B; share repurchases $300M in 2025 ($50M Q4).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061219/000106121926000002/0001061219-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061219/000106121926000002/epd-20260203.htm
  HTML page:      https://secwatch.observer/filing/0001061219-26-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer