NYSE$EPD

Enterprise Products Partners LP · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Enterprise Products Partners reported Q3 2025 net income attributable to common unitholders of $1.34B.

Net income attributable to common unitholders was $1.34 billion for the quarter ended September 30, 2025, with diluted EPS of $0.62. Midstream volumes, NGL fractionation, and export demand supported distributable cash flow as the partnership continued major Gulf Coast infrastructure projects.

  • Q3 net income attributable to common unitholders $1.34B.
  • Distributable cash flow supports quarterly distributions to unitholders.
  • Permian and Gulf Coast growth projects expand fee-based cash flows.
  • Commodity price and volume volatility remain factors for processing margins.

Headline financials

Total Revenue

$12B

Previous: $13.8B-12.7%
EPS (adj)

$0.62

Previous: $0.65-4.6%
Equivalent pipeline vols

13.9M

Previous: 13.0M+7.3%
Liquids pipeline vols

8.4M

Previous: 7.8M+7.0%
Marine terminal vols

2.0M

Previous: 2.1M-5.2%
Natural gas pipeline vols

21027.0B

Previous: 19517.0B+7.7%
NGL fractionation vols

1.6M

Previous: 1.7M-1.6%
Propylene production

119.0K

Previous: 124.0K-4.0%
NG processing inlet vols

8.1B

Previous: 7.6B+5.7%
Fee-based NG processing

7.5B

Previous: 6.8B+8.8%
Equity NGL-equivalent

225.0K

Previous: 204.0K+10.3%
Free Cash Flow

$1.34B

No prior period
Net Income

$1.34B

Previous: $1.43B-6.6%
Operating Income

$1.69B

Previous: $1.78B-5.3%
Gross Profit

$3.43B

Previous: $1.74B+97.1%
Cash & Equivalents

$206M

No prior period
Total Assets

$77.8B

No prior period

Revenue & EPS history

Enterprise Products · Revenue · Quarterly

$12B

Q3 2025-12.7%vs Q3 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The release discusses Enterprise Products Partners's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Distributions and fee-based cash flows remain focal points for investors.
  • Enterprise Products Partners cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Interest rates and capital markets affect financing and transaction activity.

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 Q3 2025

Historical avgQ3 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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