earnings
confidence high
sentiment positive
materiality 0.80
Enterprise Products reports record 2024 net income $5.97B, DCF $7.84B, volumes up across segments
ENTERPRISE PRODUCTS PARTNERS L.P.
- Record net income $5.97B (diluted EPS $2.69) vs $5.66B in 2023, up 7%.
- Record DCF $7.84B for 2024, 1.7x coverage; distributions increased 5% to $2.10/unit annualized, 26th consecutive year of growth.
- Record volumes: equiv. pipeline 12.9M BPD (+6%), natural gas inlet 7.4 Bcf/d (+10%), frac 1.6M BPD, marine 2.2M BPD.
- Q4 DCF $2.16B, net income $1.63B, diluted EPS $0.74 vs $0.72; repurchased $63M of units in Q4, $219M for 2024.
- Total capital investments $5.5B including $949M for Pinon Midstream acquisition; 2025 organic capex guidance $4.0-4.5B, sustaining capex ~$525M.