The earnings call indicated a strong financial performance with record volumetric achievements and significant capital return initiatives, despite facing challenges in the LPG export market and geopolitical headwinds. The company is well-positioned for future growth with numerous expansion projects. However, the decline in LPG export margins and market challenges present notable concerns.

Company Guidance -

Q3 2025

During the second quarter of 2025, Enterprise Products Partners LP reported several key metrics, highlighting a robust performance amid challenging macroeconomic conditions. The company achieved an adjusted EBITDA of $2.4 billion and a distributable cash flow of $1.9 billion, which provided a coverage ratio of 1.6x. Enterprise retained $740 million of distributable cash flow and set five volumetric records, including processing 7.8 billion cubic feet of natural gas per day and transporting over 1 million barrels per day of refined products and petrochemicals. The company is progressing with nearly $6 billion in organic growth projects, including three gas processing plants in the Permian Basin, which will bring total processing capacity to almost 5 billion cubic feet per day. Additionally, Enterprise reported a net income of $1.4 billion for the quarter, with a 3% increase in net income per common unit to $0.66. The partnership declared a distribution of $0.545 per common unit, representing a 3.8% increase over the previous year. Total capital investments for the quarter reached $1.3 billion, with a focus on growth capital projects. As of June 30, 2025, Enterprise's debt stood at approximately $33.1 billion, with a consolidated liquidity of $5.1 billion, and a leverage ratio of 3.1x.

Record Volumetric Records

Set 5 volumetric records for the quarter, processed 7.8 billion cubic feet of natural gas per day, moved 20 billion cubic feet per day through natural gas pipeline network, and transported over 1 million barrels per day of refined products and petrochemicals.

Strong Financial Performance

Reported adjusted EBITDA of $2.4 billion and distributable cash flow of $1.9 billion, providing 1.6x coverage and retaining $740 million of DCF.

Capital Return Initiatives

Declared a distribution of $0.545 per common unit, a 3.8% increase over the previous year, and repurchased approximately 3.6 million common units for $110 million.

Expansion Projects

Nearly $6 billion worth of organic growth projects entering service, including new gas processing plants in the Permian and the Bahia Y-grade pipeline.

Strong Export Business

LPG export volumes rose by 5 million barrels quarter-to-quarter, and the company remains well-positioned to succeed in the competitive export market.

Employee and Insider Ownership

Almost 50% of employees participate in the employee unit purchase plan, with employees, retirees, and their families owning over 40 million EPD units.

Enterprise Products Partners (EPD) Earnings, Revenues Date & History

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EPD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.70 / -	0.65	―	―	―
Jul 28, 2025	2025 (Q2)	0.64 / 0.66	0.64	3.13% (+0.02)
Apr 29, 2025	2025 (Q1)	0.70 / 0.64	0.66	-3.03% (-0.02)
Feb 04, 2025	2024 (Q4)	0.70 / 0.74	0.72	2.78% (+0.02)
Oct 29, 2024	2024 (Q3)	0.67 / 0.65	0.6	8.33% (+0.05)
Jul 30, 2024	2024 (Q2)	0.66 / 0.64	0.57	12.28% (+0.07)
Apr 30, 2024	2024 (Q1)	0.67 / 0.66	0.64	3.13% (+0.02)
Feb 01, 2024	2023 (Q4)	0.68 / 0.72	0.652	10.43% (+0.07)
Oct 31, 2023	2023 (Q3)	0.64 / 0.60	0.633	-5.21% (-0.03)
Aug 01, 2023	2023 (Q2)	0.58 / 0.57	0.64	-10.94% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EPD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$31.00	$30.61	-1.26%
Apr 29, 2025	$30.29	$29.73	-1.85%
Feb 04, 2025	$31.99	$31.86	-0.41%
Oct 29, 2024	$27.20	$27.16	-0.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.