Earnings Releases·Oct 28, 2026, 5:44 PM ET

Enterprise Products Partners — Third Quarter 2026 Earnings Summary

Net income attributable to common unitholders rose 21% year-over-year to $1.6 billion ($0.75 per unit), while Adjusted EBITDA, Operational DCF, and Adjusted CFFO increased 16%, 27%, and 18% respectively.
Distributions were increased 2.8% to $0.56 per unit, supported by a 54% payout ratio (distributions plus buybacks) of Adjusted CFFO for the trailing twelve months.
2026 growth capital spending is guided between $2.9 billion and $3.4 billion (net of $600 million asset sales), with $6.3 billion in projects under construction scheduled to reach commercial operations by 2028.
Record volumes were achieved across key segments, including 5.0 MMBPD in NGL pipelines and 8.5 Bcf/d in natural gas processing, driven by Permian Basin growth and new assets like the Athena plant and Neches River Terminal expansion.
Management retained $1.1 billion of distributable cash flow for reinvestment, buybacks, and debt reduction, with $112 million in share repurchases executed during the quarter.