Enterprise Products reports Q1 EPS 68c, consensus 71c

Reports Q1 revenue $14.39B, consensus $13.62B. “Enterprise began 2026 with a strong start in the first quarter,” said A.J. Teague, co-CEO. “Contributions from new assets placed in service over the past year and continuing to volumetrically ramp up, such as the Bahia NGL pipeline, NGL fractionator 14 and three Permian natural gas processing plants, led to record volumes across most of our integrated system. In total, our partnership set 12 new operational records during the quarter including for natural gas processing inlet volumes of 8.3 Bcf/d, equivalent pipeline volumes of 14.2 MMBPD, NGL fractionation volumes of 1.9 MMBPD and marine terminal volumes of 2.3 MMBPD. This volume growth together with higher utilization rates at our PDH facilities, an increase in natural gas pipeline and marketing volumes and margins and higher values for 234 MBPD of equity NGL-equivalent production led to a quarter of strong earnings and cash flow. For the quarter, we generated $2.7B of DCF, including approximately $600M of proceeds received in Q1 2026 from the final payment for our sale of a 40% interest in the Bahia NGL pipeline to ExxonMobil. Our DCF for the quarter supported a 2.8 percent increase in our cash distribution rate to common unitholders and allowed us to retain $1.5B of DCF to reinvest in the growth of the partnership and fund $116 million of buybacks in Q1”.