Enterprise Products Partners (EPD)
NYSE:EPD
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.72Last Year’s EPS
0.66Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial quarter — multiple volumetric records, double-digit adjusted EBITDA and cash-flow growth, continued distribution increases, active buybacks, and robust export demand driven by geopolitical supply disruptions and improved petrochemical margins. Headwinds discussed were largely macro/market-driven (commodity volatility, uncertainty around duration of Middle East disruptions), some short-term mark-to-market and contract renegotiation impacts in the crude business, and higher near-term capex to support accelerating Permian projects. Overall, management presented confidence in continued momentum, disciplined capital allocation (buybacks and debt retirement), and a healthy balance between growth investment and returning capital to unitholders.Company Guidance
Strong Adjusted EBITDA and Income Growth
Adjusted EBITDA of $2.7 billion in Q1 2026, up 10% year-over-year; net income attributable to common unitholders of $1.5 billion ($0.68/unit), up 6% vs. 2025.
Robust Cash Flow and Distribution Increase
Adjusted cash flow from operations rose 10% to $2.3 billion; declared distribution of $0.55 per common unit (a 2.8% increase); achieved 1.8x coverage of distributable cash flow and 28th consecutive year of distribution growth.
Record Operational Volumes and System Performance
Set 12 first-quarter volumetric records: processed 8.3 Bcf/d natural gas (up 7%), fractionated 1.9 million bpd of NGLs (up 16%), loaded 2.3 million bpd at docks (up 15%), and transported 14.2 million BOE/d (up 7%); Frac 14 full on day one and new gas plants essentially full by mid-quarter.
Export Demand and Dock Throughput Strength
Average dock throughput around 70 million barrels/month in Q1 and scheduled to load >88 million barrels in April; strong marine export demand driven by international buyers and SPR releases, with notable increases in ethane/LPG/ethylene export activity.
Successful Asset Ramps and Project Completions
Assets brought online in last year (Bahia NGL pipeline, Fractionator 14, three Permian gas plants, Midtown West 2, Port Neches Terminal) are ramping well and driving operating leverage across the business.
Significant Capital Returned to Investors
Returned ~$5.1 billion to equity investors for the 12 months ended 03/31/2026 (≈$4.8 billion in cash distributions and ~$356 million in buybacks); partnership repurchased 3.1 million common units (~$116 million) and DRIP/employee plans purchased ~1 million units (~$37 million) in Q1.
Solid Balance Sheet Metrics and Liquidity
Total debt principal ~$34.2 billion with a weighted-average life ~17 years and weighted average cost of debt 4.7% (≈95% fixed); consolidated liquidity ~$3.3 billion and net leverage ~3.2x (within stated target range of 2.75–3.25x after adjustments).
CapEx Guidance and Receipt of Asset Sale Proceeds
Q1 capital investments $988 million (including ~$783 million growth capex); received $596 million final payment from Exxon for 40% Bahia pipeline interest; 2026 growth capex expected net to $2.3–2.6 billion after applying ~$600 million proceeds; 2027 growth capex guidance ~$2.0–2.5 billion.
EPD Earnings History
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 |
|---|---|---|---|
Apr 28, 2026 | $37.68 | $37.92 | +0.65% |
Feb 03, 2026 | $32.63 | $34.14 | +4.62% |
Oct 30, 2025 | $29.66 | $30.10 | +1.48% |
Jul 28, 2025 | $29.55 | $29.18 | -1.27% |
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 Aug 05, 2026, Before Open (Confirmed).
What is Enterprise Products Partners (EPD) earnings time?
Enterprise Products Partners (EPD) earnings time is at Aug 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 (Q2) is 0.72.
