NYSE$EPD

Enterprise Products Partners LP · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Enterprise Products reported Q2 2025 revenues of $11.35B with net income of $1.45B and diluted EPS of $0.66.

Revenues were $11.35 billion as NGL, crude, and petrochemical volumes flowed through integrated midstream assets. Net income was $1.45 billion; diluted EPS was $0.66. Distribution coverage and growth projects support the MLP payout.

  • Q2 revenues $11.35B.
  • Net income $1.45B; diluted EPS $0.66.
  • NGL and petrochemical demand support volumes.
  • Growth capex and commodity prices affect DCF.

Headline financials

Total Revenue

$11.4B

Previous: $13.5B-15.7%
EPS (adj)

$0.66

Previous: $0.64+3.1%
Equivalent pipeline vols

13.6M

No prior period
Liquids pipeline vols

8.2M

No prior period
Marine terminal vols

2.1M

No prior period
Natural gas pipeline vols

20.4B

No prior period
NGL fractionation vols

1.7M

No prior period
Propylene production

118.0K

No prior period
NG processing inlet vols

7.8M

No prior period
Fee-based NG processing

7.3M

No prior period
Equity NGL-equivalent

214.0K

No prior period
Capital Expenditures

-$2.36B

Previous: -$2.31B-2.2%
Free Cash Flow

-$926M

No prior period
Net Income

$1.44B

Previous: $1.41B+2.1%
Operating Income

$1.8B

Previous: $1.66B+7.9%
Gross Profit

$3.46B

Previous: $1.72B+101.3%
Cash & Equivalents

$870M

No prior period
Total Assets

$77.4B

No prior period

Revenue & EPS history

Enterprise Products · Revenue · Quarterly

$11.4B

Q2 2025-15.7%vs Q2 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Midstream and rail outlook reflects volumes, rates, and capital projects.

Tailwinds

  • Volume growth on NGL or carload recovery.
  • Distribution coverage and backlog.

Headwinds

  • Commodity price and weather volatility.
  • Capex and labor cost inflation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.1%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

49%

35 / 71 earnings

Positive

+12.2%

Q2 2011

Best reaction

-5.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+0.1%-0.1%
Q4 2025+4.8%+5.5%+12.7%
Q3 2025+1.6%-2.9%+5.2%
Q2 2025-1.2%-2.6%+0.2%
Q1 2025-1.8%-2.9%-0.4%
Q4 2024-0.4%-0.6%-1.1%
Q3 2024+0.4%-1.1%+15.5%
Q2 2024-2.8%-4.1%-1.5%
Q1 2024-3.0%-1.7%-1.7%
Q4 2023-0.4%-2.0%+3.7%
Q3 2023-1.8%+0.8%+1.3%
Q2 2023+0.2%+0.0%+0.4%
Q1 2023-2.6%-2.7%-2.4%
Q4 2022+0.8%+0.9%+1.9%
Q3 2022-1.8%-1.2%-1.7%
Q2 2022-2.4%-1.5%-0.2%
Q1 2022+0.9%+4.0%+7.9%
Q4 2021+1.3%+1.5%+5.9%
Q3 2021-2.4%-1.0%-6.5%
Q2 2021-3.3%-5.5%-5.1%
Q1 2021+0.7%+1.0%+5.6%
Q4 2020-1.5%+1.3%+9.8%
Q3 2020-2.5%-5.0%+15.5%
Q2 2020-3.7%-3.9%-3.3%
Q1 2020+1.9%-1.1%+10.8%
Q4 2019-5.5%-4.3%-14.4%
Q3 2019-2.6%-4.7%-2.8%
Q2 2019+1.7%-1.3%-3.0%
Q1 2019-0.1%-0.3%-2.6%
Q4 2018+1.8%+3.3%+0.4%
Q3 2018+1.9%+2.1%-0.9%
Q2 2018+0.7%+0.8%-1.4%
Q1 2018+1.0%+0.9%+8.1%
Q4 2017-0.8%-7.2%-11.3%
Q3 2017-0.1%+0.0%+0.1%
Q2 2017-2.4%-4.1%-4.2%
Q1 2017-1.4%-1.9%-2.7%
Q4 2016-2.6%-1.4%-2.7%
Q3 2016-4.8%-7.8%-4.1%
Q2 2016-0.1%-5.6%-6.7%
Q1 2016-1.6%
Q4 2015+7.6%
Q3 2015+3.6%
Q2 2015-3.7%
Q1 2015+2.0%
Q4 2014+3.3%
Q3 2014+0.3%
Q2 2014-4.6%
Q1 2014+0.4%
Q4 2013+3.5%
Q3 2013-0.3%
Q2 2013+0.1%
Q1 2013-2.2%
Q4 2012+1.1%
Q3 2012-4.0%
Q2 2012-0.4%
Q1 2012+0.8%
Q4 2011+0.7%
Q3 2011-0.4%
Q2 2011+12.2%
Q1 2011+0.2%
Q4 2010-0.6%
Q3 2010+0.5%
Q2 2010-2.0%
Q4 2009-2.0%
Q1 2009+5.1%
Q1 2010+3.5%
Q4 2007+1.1%
Q3 2009+0.4%
Q4 2008+0.4%
Q2 2009+0.1%

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