Enterprise Q1 net income $1.5B, up 5% YoY; distribution raised 5.1% to $0.515/unit

ENTERPRISE PRODUCTS PARTNERS L.P.

Net income $1.5B ($0.66/unit diluted) vs $1.4B ($0.63) in Q1 2023, up 5%.
DCF $1.9B, distribution $0.515/unit (+5.1% YoY), 1.7x coverage; $40M unit buyback in Q1.
Gross operating margin $2.5B (+7% YoY); record marine terminal volumes 2.3M BPD.
Growth capex guided $3.25-3.75B for 2024-2025; Leonidas, Mentone 3, Texas Western Phase 1 placed in service.
NGL Pipelines & Services margin $1.3B (+10%) on new assets and higher fractionation volumes.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENTERPRISE PRODUCTS PARTNERS L.P. reported three months ended March 31, 2024 results: net income $ 1.5 billion, EPS $ 0.66 per unit on a fully diluted basis.

Period: three months ended March 31, 2024
Net income: $ 1.5 billion
EPS: $ 0.66 per unit on a fully diluted basis
Result: reported results

Exact text from the filing

Enterprise reported net income attributable to common unitholders of $ 1.5 billion, or $ 0.66 per unit on a fully diluted basis, for the first quarter of 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENTERPRISE PRODUCTS PARTNERS L.P. reported three months ended March 31, 2023 results: net income $ 1.4 billion, EPS $ 0.63 per unit on a fully diluted basis.

Period: three months ended March 31, 2023
Net income: $ 1.4 billion
EPS: $ 0.63 per unit on a fully diluted basis
Result: reported results

Exact text from the filing

compared to $ 1.4 billion, or $ 0. 63 per unit on a fully diluted basis, for the first quarter of 2023

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

ENTERPRISE PRODUCTS PARTNERS L.P. filing history →

Source: SEC EDGAR

accession 0001140361-24-023186

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