Quarterly ResultApr 28, 2026, 06:07 AM
EPD Q1 Operating Income +8% to $1.9B; Adj. EBITDA +10% to $2.7B
AI Summary
Enterprise Products Partners L.P. reported a strong start to 2026 with Q1 operating income increasing 8% to $1.9 billion and Adjusted EBITDA rising 10% to $2.7 billion. The partnership achieved record volumes across its integrated system, including natural gas processing, pipeline transportation, marine terminal, and NGL fractionation volumes. EPD also announced plans to build two additional 300 MMcf/d natural gas processing plants in the Permian Basin, expected to begin operations in 2027, and initiated commissioning activities for the second phase of its Neches River NGL marine terminal.
Key Highlights
- Operating income increased 8% to $1.9 billion in Q1 2026.
- Adjusted EBITDA rose 10% to $2.7 billion in Q1 2026.
- Net income attributable to common unitholders was $1.5 billion, or $0.68 per diluted common unit, up 6%.
- Operational DCF was $2.1 billion, providing 1.8x coverage of distributions, up 5%.
- Declared distributions of $0.55 per common unit, up 2.8%.
- Record natural gas processing plant inlet volumes reached 8.3 Bcf/d, up 7%.
- Announced two new 300 MMcf/d natural gas processing plants in the Permian Basin for 2027.
- Q1 2026 capital investments totaled $988 million ($783M growth, $205M sustaining).