Enterprise Products Partners L.
31.12-0.10 (-0.32%)
Oct 29, 4:00:02 PM EDT · NYSE · EPD · USD
Key Stats
Market Cap
67.38BP/E (TTM)
11.66Basic EPS (TTM)
2.67Dividend Yield
0.07%Recent Filings
10-Q
Q2 FY2025 results
Enterprise Products Partners delivered steady Q2 results, with revenues dipping 16% year-over-year to $11.4B amid softer commodity prices, yet operating income edged up 2% to $1.8B (derived) thanks to resilient midstream fees and cost discipline. Gross margins held firm at 21.8%, buoyed by NGL and natural gas segments where transportation volumes rose 5% and 9% respectively, offsetting marketing headwinds. Free cash flow strengthened to $3.0B year-to-date (derived from $4.4B operating cash minus $2.4B capex), supporting $1.2B distributions and $170M unit buybacks, while $870M cash bolsters $4.2B revolver availability against $33.1B debt maturing over 17 years. The Pinon Midstream acquisition closed in October 2024 for $953M cash, adding $104M goodwill and $435M contract intangibles. Still, tariff-driven steel costs could squeeze margins if unpassed to customers.
8-K
Enterprise Q2 earnings rise
Enterprise Products Partners reported Q2 2025 net income of $1.4 billion, up slightly from $1.4 billion last year, with distributable cash flow climbing 7% to $1.9 billion amid headwinds from commodity prices and geopolitics. Record volumes hit 7.8 Bcf/d in natural gas processing and 20.4 TBtus/d in pipelines, fueled by Permian and Haynesville strength, while fee-based assets offset crude marketing dips. Assets set five operating records. Upcoming $6 billion in growth projects, including Permian expansions, bolsters the integrated NGL chain, though lower margins in octane enhancement pose risks.
8-K
BIS lifts ethane export restrictions
Enterprise Products Partners L.P. received a July 2, 2025, letter from the U.S. Bureau of Industry and Security rescinding prior license requirements for exporting ethane to parties in China or Chinese military end users. This lifts restrictions imposed on June 1 and modified on June 25, easing compliance burdens on ethane shipments. The company must still adhere to other Export Administration Regulations. Relief arrived swiftly.
8-K
BIS restricts ethane exports
Enterprise Products Partners L.P. received a BIS letter on June 25, 2025, imposing a license requirement for exporting ethane to parties in China or Chinese military end users, effective from a June 1 issuance. The directive allows loading, transport, and anchoring but blocks off-loading or delivery without further approval. This restricts ethane shipments to China. Compliance may disrupt key export flows.
8-K
EPD completes $2B notes offering
Enterprise Products Partners L.P. completed a $2.0 billion senior notes offering on June 20, 2025, via subsidiary EPO, issuing $500 million 4.30% notes due 2028, $750 million 4.60% notes due 2031, and $750 million 5.20% notes due 2036, all guaranteed by the parent. Proceeds target general purposes like growth investments and acquisitions, plus debt repayment including commercial paper. This bolsters liquidity while extending maturities. Post-offering debt hits $33.1 billion.
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