NYSE$EPD

Enterprise Products Partners LP · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Enterprise Products reported financial results for Q4 2024.

Enterprise Products Partners L.P. reported a net income attributable to common unitholders of $1.6 billion, or $0.74 per common unit on a fully diluted basis, for the fourth quarter of 2024. DCF was $2.2 billion for the fourth quarter of 2024.

  • Net income attributable to common unitholders was $1.6 billion, or $0.74 per common unit fully diluted.
  • DCF was $2.2 billion.
  • Distributions declared increased 3.9% to $2.14 per common unit annualized.
  • Equivalent pipeline volumes were a record 13.6 million BPD.

Headline financials

Total Revenue

$14.2B

Previous: $14.6B-2.9%
EPS (adj)

$0.74

Previous: $0.72+2.8%
Equivalent pipeline vols

13.6M

No prior period
Liquids pipeline vols

8.4M

No prior period
Marine terminal vols

2.2M

No prior period
Natural gas pipeline vols

19.9M

No prior period
NGL fractionation vols

1.7M

No prior period
Propylene production

113.0K

No prior period
NG processing inlet vols

7.7M

No prior period
Fee-based NG processing

7.1M

No prior period
Equity NGL-equivalent

203.0K

No prior period
Net Income

$1.63B

Previous: $1.57B+4.1%
Operating Income

$1.97B

Previous: $1.81B+9.1%
Gross Profit

$1.93B

Previous: $1.87B+3.2%

Revenue & EPS history

Enterprise Products · Revenue · Quarterly

$14.2B

Q4 2024-2.9%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Organic growth capital investments are expected to be in the range of $4.0 billion to $4.5 billion in 2025. Sustaining capital expenditures are expected to be approximately $525 million in 2025.

Tailwinds

  • Two natural gas processing plants in the Permian Basin
  • Bahia NGL pipeline
  • Fractionator 14
  • The first phase of our NGL export facility on the Neches River
  • Expansions of our ethane and ethylene marine terminals on the Houston Ship Channel.

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 Q4 2024

Historical avgQ4 2024

-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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