earnings
confidence high
sentiment positive
materiality 0.85
Enterprise Products Q3 2024: net income $1.4B ($0.65/unit), up 8% YoY; DCF $2.0B, distribution raised 5%
ENTERPRISE PRODUCTS PARTNERS L.P.
- Net income $1.4B ($0.65/unit, +8% YoY); DCF $2.0B (+5%); distribution raised 5% to $0.525/unit; 1.7x coverage.
- Record volumetric performance: 7.5 Bcf/d gas processing inlet, 12.8M BPD equivalent pipeline volumes; 5 operational records set.
- NGL Pipelines & Services gross margin $1.3B (+5%); Natural Gas Pipelines & Services $349M (+46%); Crude Oil $401M (-7%); Petrochemical $363M (-20%).
- Completed Piñon Midstream acquisition on Oct 28; 2025 growth capex guide raised to $3.5-4.0B; key 2025 projects on track.
- Repurchased $76M of units in Q3; $1.1B total under $2.0B buyback program; liquidity $5.6B.