earnings
confidence high
sentiment positive
materiality 0.80
EPD Q1 net income $1.4B ($0.63/unit) vs $1.3B ($0.59); DCF up 5.5% to $1.9B
ENTERPRISE PRODUCTS PARTNERS L.P.
- Net income attributable to common unitholders $1.4B for Q1 2023, up from $1.3B in Q1 2022.
- Distributable cash flow $1.9B (+5.5% YoY); distribution declared $0.49/unit (+5.4% YoY).
- Record NGL pipeline volumes 4.0M BPD; natural gas pipeline volumes 18.0 TBtu/d; fee-based gas processing 5.5 Bcf/d.
- Total gross operating margin $2.3B flat on record segment volumes; NGL Pipelines segment record gross margin $690M.
- 2023 organic growth capex guided $2.4-2.8B; PDH 2, Acadian expansion, 12th fractionator on schedule.