NYSE$EPD

Enterprise Products Partners LP · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Enterprise Products Partners reported Q4 2025 revenues of $13.8B with net income of $1.66B.

Fourth-quarter revenues were $13.8 billion with net income of $1.66 billion. The partnership highlighted NGL, crude, and petrochemical volumes across its integrated midstream system and continued distribution growth.

  • Q4 revenues $13.8B.
  • Net income $1.66B.
  • Midstream volumes supported fee-based cash flows.
  • Capital projects and export demand remain focal points.

Headline financials

Total Revenue

$13.8B

Previous: $14.2B-2.9%
EPS (adj)

$0.76

Previous: $0.74+2.7%
Free Cash Flow

$1.21B

No prior period
Net Income

$1.66B

Previous: $1.63B+1.7%
Operating Income

$2.02B

Previous: $1.97B+2.7%

Revenue & EPS history

Enterprise Products · Revenue · Quarterly

$13.8B

Q4 2025-2.9%vs Q4 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The release discusses Enterprise Products Partners's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Enterprise Products Partners cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Distributions, book value, and portfolio yields remain central to the investment case.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Interest rates, spreads, and asset marks can swing quarterly GAAP earnings.
  • Commodity prices and throughput drive earnings volatility.

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 2025

Historical avgQ4 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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