Enterprise Products Partners (NYSE:EPD) Releases Earnings Results, Meets Expectations

Enterprise Products Partners (NYSE:EPD) announced its quarterly earnings data on Thursday. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75, FiscalAI reports. The firm had revenue of $17.95 billion during the quarter, compared to analysts’ expectations of $14.98 billion. Enterprise Products Partners had a net margin of 10.24% and a return on equity of 21.50%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share.

Here are the key takeaways from Enterprise Products Partners’ conference call:

• Third-quarter results were strong, with adjusted EBITDA up 16% year over year to $2.8 billion and distributable cash flow up 27% to $2.3 billion. Record system throughput, higher Permian volumes and contributions from recently completed assets drove the performance.
• Enterprise raised its outlook for Permian wet-gas and NGL production growth through 2030 to 34%, citing higher gas-to-oil ratios, improving recoveries and activity in gas-rich formations. Management expects this to support additional processing infrastructure, potentially closer to two new plants per year.
• The partnership has $6.3 billion of organic projects under construction and expects its 300,000-barrel-per-day LPG export expansion to be commissioned by year-end; the added capacity is already contracted. Management also highlighted a strong balance sheet, with 2.9x net leverage and substantial liquidity.
• Management cautioned that 2027 EBITDA growth may be more modest than previously anticipated because the 2026 performance benefited from favorable geopolitical conditions and spreads that may not persist. ATEX contract renewals also could reflect current market economics and involve customer portfolio optimization.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded down $0.80 on Friday, reaching $38.25. The company’s stock had a trading volume of 4,653,253 shares, compared to its average volume of 3,790,532. The company has a 50-day simple moving average of $37.67 and a 200 day simple moving average of $37.26. Enterprise Products Partners has a 52-week low of $30.02 and a 52-week high of $40.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. The company has a market cap of $82.60 billion, a P/E ratio of 12.67, a PEG ratio of 1.39 and a beta of 0.50.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, October 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 74.17%.

More Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Strong quarterly performance: Enterprise reported third-quarter EPS of $0.75, in line with estimates, while revenue of $17.95 billion exceeded the $14.98 billion consensus and increased 49.3% year over year. EBITDA rose 16% to approximately $2.8 billion, supported by record volumes across its natural gas and NGL businesses. Enterprise Reports Third Quarter 2026 Earnings
• Positive Sentiment: Improved Permian outlook and project pipeline: Management raised its Permian wet-gas and NGL growth outlook to 34% through 2030, citing infrastructure expansion and export demand. Enterprise is also advancing a $6.3 billion project backlog, which could support future fee-based earnings growth. Enterprise forecasts 34 percent Permian wet gas and NGL growth
• Positive Sentiment: Distribution coverage remains solid: Operating cash flow covered distributions by 1.9 times, leaving roughly $1.1 billion for reinvestment, unit repurchases, or debt reduction. Rising free cash flow strengthens the case that EPD’s income payout is supported by operations. Enterprise Products Partners passive income analysis
• Neutral Sentiment: Analyst target increased, but rating remains cautious: Truist Financial raised its price target from $40 to $41 while maintaining a “hold” recommendation, implying limited-to-moderate upside from the referenced price. US Capital Advisors also made a marginal increase to its FY2027 EPS estimate, to $3.14 from $3.13.
• Negative Sentiment: Growth is expected to moderate: Although management lifted its longer-term Permian outlook, it indicated slower growth in 2027. That caution could limit near-term valuation upside despite strong current results and may be contributing to investor profit-taking.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EPD. Morgan Stanley restated an “underweight” rating and issued a $41.00 price objective (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. Stifel Nicolaus initiated coverage on shares of Enterprise Products Partners in a report on Thursday, September 10th. They issued a “hold” rating and a $40.00 price target on the stock. TD Cowen reiterated a “hold” rating and issued a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Truist Financial increased their price objective on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the company a “hold” rating in a report on Friday. Finally, Capital One Financial started coverage on Enterprise Products Partners in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.18.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.