earnings
confidence high
sentiment neutral
materiality 0.60
Enterprise Q1 net income $1.4B ($0.64/unit); DCF $2.0B +5%; distribution $0.535/unit
ENTERPRISE PRODUCTS PARTNERS L.P.
- Net income $1.4B ($0.64/unit) vs $1.5B ($0.66) YoY; DCF $2.0B up 5% from $1.9B.
- Distribution increased 3.9% to $0.535/unit; coverage 1.7x; retained $842M DCF.
- Record natural gas processing inlet 7.7 Bcf/d (+8%) and natural gas pipeline 20.3 TBtu/d.
- Growth capex guidance $4.0-4.5B in 2025; Petrochem/Refined gross margin fell to $315M from $444M.