earnings
confidence high
sentiment positive
materiality 0.85
Enterprise Products Q1 2026: operating income $1.9B, Adjusted EBITDA $2.7B, record volumes
ENTERPRISE PRODUCTS PARTNERS L.P.
- Operating income $1.9B (+8% YoY); net income $1.5B, $0.68/unit (+6%); Adjusted EBITDA $2.7B (+10%).
- Record volumes: nat gas processing 8.3 Bcf/d, pipeline 14.2 MMBPD, NGL fractionation 1.9 MMBPD, marine 2.3 MMBPD.
- Distribution raised 2.8% to $0.55/unit; common unit buybacks $116M; retained $1.5B of DCF.
- Announced two new 300 MMcf/d Permian gas plants expected in 2027; $5.3B major growth projects under construction.
- Growth capex guided $2.3-2.6B net of $596M asset sale proceeds; sustaining $580M.