$EPD · ENTERPRISE PRODUCTS PARTNERS L.P.
Enterprise Products Partners filed an 8-K with its Q3 2026 earnings press release. Revenue was $17.948 billion, GAAP EPS was $0.75 per diluted common unit, and net income attributable to common unitholders rose 21% YoY to $1.6 billion. The partnership reported record volumes across Permian gas processing (4.6 Bcf/d), NGL pipelines (5.0 MMBPD), and natural gas pipelines (22.7 TBtus/d).
- Net income attributable to common unitholders: $1.6 billion, $0.75 per diluted unit, up 21% YoY
- Adjusted EBITDA: $2.8 billion, up 16% YoY; Operational DCF: $2.3 billion, up 27% YoY
- Record Permian natural gas processing inlet volumes of 4.6 Bcf/d, up 12% YoY
- Common unit repurchases: $112M in Q3, $437M over trailing 12 months; 36% of $5B buyback program utilized
- Distribution declared: $0.56 per unit ($2.24 annualized), up 2.8%; 1.9x DCF coverage
Markets closed — no regular-session reaction yet; extended-hours move not captured here. EPD closed at $38.06 (+2.39% on the day) before the filing.
Enterprise's 21% earnings growth, record volumes across three segments, and $6.3B growth project backlog through 2028 signal durable cash-flow momentum for the $82B midstream giant.
Enterprise's record Permian processing volumes and 28% marine terminal volume growth underscore the ongoing U.S. midstream export buildout driven by global NGL and crude demand.
Forward-looking statements cite risks including insufficient cash from operations, adverse market conditions, and governmental regulations that could materially affect future results.