Enterprise Products Partners (EPD) Earnings Dates, Call Summary & Reports

Compare

11,390 Followers

Earnings Data

Report Date

May 05, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.68

Last Year’s EPS

0.64

Same Quarter Last Year

Analyst Consensus

Hold

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 03, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call reported multiple strong operational and financial achievements (record quarterly and annual adjusted EBITDA, record adjusted cash flow from operations, significant asset commissioning, highly contracted export capacity, and active capital-return programs). However, these positives were tempered by market-driven margin compression, a renegotiated LPG contract at lower fees, negative discretionary free cash flow in 2025, and leverage modestly above target. Management provided a constructive outlook with modest 2026 growth and an expected ~10% step-up in 2027 as assets fully ramp and discretionary free cash flow turns positive, while emphasizing prudent capital allocation (50–60% of projected discretionary free cash flow into buybacks/debt reduction).

Company Guidance

Enterprise guided to growth capital expenditures of $2.5–$2.9 billion in 2026 (netting to $1.9–$2.3 billion after roughly $600 million of asset-sale proceeds) and sustaining capex of about $580 million (including ~ $80 million for an octane turnaround), expects modest adjusted EBITDA and cash‑flow growth in 2026 (likely at the low end of a 3–5% range) and roughly 10% adjusted EBITDA and cash‑flow growth in 2027 versus 2026. Management said discretionary free cash flow could be near $1.0 billion in 2026 and that ~50–60% (management commentary centered on 55–60%) of that would be allocated to buybacks (a mix of opportunistic and programmatic purchases); in 2025 the partnership returned about $5.0 billion to equity investors (~$4.47 billion in distributions and $300 million in buybacks), declared a $0.55/unit distribution (up 2.8% year‑over‑year), repurchased ~ $300 million of common units in 2025 (including ~$50 million in Q4) and has used ~29% of a $5.0 billion buyback authorization while DRIP/EUP purchases totaled 4.7 million units for $150 million. Financial and operating baselines cited include record 2025 adjusted EBITDA just shy of $10.0 billion (Q4 adjusted EBITDA $2.7 billion, +4% YoY), adjusted cash flow from operations of $8.7 billion for 2025 (Q4 adjusted CFO $2.4 billion, +5% YoY), total 2025 capital investments of $1.3 billion (≈$1.0 billion growth, $230 million sustaining) with 2025 organic growth capex of $4.4 billion (≈$100 million slipped into 2026), total debt principal of $34.7 billion (weighted‑average life ~17 years, weighted‑average cost ~4.7%, ~98% fixed), consolidated liquidity of ~ $5.2 billion, and net leverage of 3.3x with a target of 2.75–3.25x that management expects to return to by 2026.

Record Quarterly and Annual Adjusted EBITDA

Adjusted EBITDA reached a record $2.7 billion in Q4 2025, up 4% from $2.6 billion in 2024; adjusted EBITDA for full-year 2025 was a record just shy of $10 billion.

Strong Cash Flow from Operations

Adjusted cash flow from operations (before working capital) grew 5% in Q4 to $2.4 billion and totaled a record $8.7 billion for full-year 2025.

Net Income and Unit-level Results

Net income attributable to common unitholders for 2025 was $1.6 billion, or $0.75 per common unit (fully diluted).

Distribution Increase and Capital Returned to Unitholders

Declared distribution of $0.55 per common unit for 2025, a 2.8% increase vs. 2024; Enterprise returned approximately $5 billion to equity investors in 2025 (≈$4.47 billion in distributions and $300 million in buybacks), representing a 58% payout ratio of adjusted cash flow from operations.

Share Repurchase Progress

Partnership repurchased roughly $50 million of common units in Q4 and approximately $300 million in total for 2025, using about 29% of the authorized $5 billion buyback program.

Major Asset Additions and Commercial Wins

Brought numerous assets online in 2025 (Neches River ethane export train, NGL pipeline in December, multiple Permian gathering/treating projects, Mendon West, Orion); fully contracted ethane export terminals and 20 Permian processing trains online by year-end. Secured long-term downstream agreements, including ExxonMobil UJI and Bahia expansion to 1.0 million barrels/day.

NGL Export Growth and Contracting

Loaded approximately 350–360 million barrels across 744 ships in 2025; LPG exports highly contracted through the end of the decade. Company expects to quote near 1.5 million barrels/day of NGL capacity (≈550 million barrels/year) as expansions complete.

Balance Sheet and Liquidity Positioning

Total debt principal outstanding of $34.7 billion as of 12/31/2025; weighted average cost of debt ~4.7% with ~98% fixed-rate debt and weighted average life of ~17 years. Consolidated liquidity was about $5.2 billion.

Forward Growth Visibility (2026–2027)

Expected modest adjusted EBITDA and cash flow growth in 2026 with a targeted ~10% adjusted EBITDA/cash flow growth in 2027 vs. 2026 as newly commissioned assets ramp to full utilization.

CapEx Guidance and Near-term Spending

2026 growth capital guidance of $2.5–$2.9 billion gross (net $1.9–$2.3 billion after ~$600 million asset-sale proceeds); sustaining capex ~ $580 million for 2026. Management expects to be at the higher end of 2026 range.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EPD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2026	2026 (Q1)	0.68 / -	0.64	―	―	―
Feb 03, 2026	2025 (Q4)	0.69 / 0.75	0.74	1.35% (+0.01)
Oct 30, 2025	2025 (Q3)	0.67 / 0.61	0.65	-6.15% (-0.04)
Jul 28, 2025	2025 (Q2)	0.65 / 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)

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
Feb 03, 2026	$33.10	$34.63	+4.62%
Oct 30, 2025	$30.09	$30.53	+1.48%
Jul 28, 2025	$29.98	$29.60	-1.27%
Apr 29, 2025	$29.29	$28.75	-1.85%

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.

FAQ

When does Enterprise Products Partners (EPD) report earnings?

Enterprise Products Partners (EPD) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).

What is Enterprise Products Partners (EPD) earnings time?

Enterprise Products Partners (EPD) earnings time is at May 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EPD EPS forecast?

EPD EPS forecast for the fiscal quarter 2026 (Q1) is 0.68.

Enterprise Products Partners (EPD) Earnings News

Enterprise Products (NYSE:EPD) Drops on Q3 Earnings Miss

Premium

Market News

Enterprise Products (NYSE:EPD) Drops on Q3 Earnings Miss

2y ago

EPD

See More EPD News >