Enterprise Products Q1 net income $1.3B; record DCF $1.8B; Navitas acquisition adds $42M to NGL margin

ENTERPRISE PRODUCTS PARTNERS L.P.

Net income $1.33B ($0.59/unit) vs $1.36B ($0.61/unit) Q1 2021; adjusted EBITDA record $2.26B.
Record distributable cash flow $1.84B vs $1.74B; distribution coverage 1.8x; distribution increased 3.3% to $0.465/unit.
Acquired Navitas Midstream for $3.2B on Feb 17; contributed $42M to NGL processing margin; total capex $3.6B.
NGL Pipelines & Services segment gross operating margin record $1.2B (+13%); Petrochemical & Refined Products up 44% to $404M.
Natural Gas Pipelines & Services gross operating margin fell to $220M from $535M due to prior-year winter storm natural gas sales.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.