Enterprise Products Partners demonstrated strong financial and operational performance in 2024 with notable growth in exports and strategic acquisitions. However, significant challenges were highlighted in the SPOT project and petrochemical markets, coupled with mechanical issues in PDH facilities and competitive pressures in NGL pipelines.

Company Guidance

During the Enterprise Products Partners L.P.'s Fourth Quarter 2024 Earnings Conference Call, the company provided several key financial metrics and operational highlights. The company reported an EBITDA of $9.9 billion for 2024 and distributable cash flow (DCF) of $7.8 billion, with a coverage ratio of 1.7 times and $3.2 billion of retained DCF. The fourth quarter saw net income attributable to common unitholders of $1.6 billion, or $0.74 per unit, up 3% from the previous year. Adjusted cash flow from operations increased to $2.3 billion in the fourth quarter, from $2.2 billion the same period last year. The company declared a distribution of $0.535 per unit, a 4% increase over the previous year. Operationally, Enterprise moved 12.9 million barrels of oil equivalent per day in 2024, with an increase to 13.6 million barrels per day in Q4. Looking ahead, Enterprise plans to expand its processing and export capabilities, including adding two gas processing plants in the Permian and expanding its ethane and ethylene terminal, aiming to export over 100 million barrels per month by 2027.

Strong Financial Performance

2024 EBITDA reached $9.9 billion and DCF was $7.8 billion with a coverage ratio of 1.7 times. Adjusted cash flow from operations increased 4% to $2.3 billion for the fourth quarter compared to $2.2 billion in the previous year.

Record Operational Achievements

Enterprise set 12 financial records and 16 operational records. They moved 12.9 million barrels of oil equivalent a day in 2024 and 13.6 million barrels per day in the fourth quarter.

Significant Export Growth

Enterprise exported over 70 million barrels of hydrocarbons in December, aiming to export over 100 million barrels a month by 2027. They contracted with a new ethane offtake customer in Vietnam.

Strategic Acquisitions and Developments

Completed two processing plants in the Permian, purchased Pinon, and acquired JV interests in Midland to ECHO 1 crude oil pipeline and fractionators.

Cash Distribution Increase

Declared a distribution of $0.535 per common unit for the fourth quarter, a 4% increase over the previous year.

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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

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EPD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2025	2025 (Q1)	0.70 / -	0.66	―	―	―
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)
May 02, 2023	2023 (Q1)	0.61 / 0.64	0.6	6.67% (+0.04)
Feb 01, 2023	2022 (Q4)	0.62 / 0.65	0.47	38.72% (+0.18)

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

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EPD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 04, 2025	$33.13	$32.99	-0.42%
Oct 29, 2024	$28.17	$28.13	-0.14%
Jul 30, 2024	$28.20	$28.06	-0.50%
Apr 30, 2024	$27.14	$26.66	-1.77%

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.

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