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HOUSTON - Enterprise Products Partners L.P. (NYSE:EPD) reported second quarter earnings of $0.66 per unit, slightly above analyst expectations of $0.65, while revenue fell short at $11.36 billion compared to the consensus estimate of $14.49 billion.
The company’s shares edged up 0.41% in pre-market trading following the announcement.
The midstream energy provider’s net income attributable to common unitholders remained steady at $1.4 billion for the second quarter of 2025, matching the same period last year. On a fully diluted basis, earnings per unit increased 3% from $0.64 in the second quarter of 2024.
Distributable Cash Flow (DCF) rose 7% to $1.9 billion compared to $1.8 billion in the same quarter last year, providing 1.6 times coverage of the company’s quarterly distribution of $0.545 per unit. The partnership retained $748 million of DCF for reinvestment in growth projects.
Enterprise reported record operational performance across several segments, including natural gas processing plant inlet volumes of 7.8 Bcf/d, natural gas pipeline volumes of 20.4 TBtus/d, and crude oil pipeline volumes of 2.6 million BPD.
"In a seasonally weaker quarter challenged with macroeconomic, geopolitical, and commodity price headwinds, Enterprise reported solid earnings and cash flow," said A.J. Jim Teague, co-chief executive officer of Enterprise’s general partner. "The performance of our fee-based assets and natural gas marketing more than offset lower earnings in our crude oil marketing businesses and the effect of lower commodity prices and margins on our natural gas processing and octane enhancement activities."
Total (EPA:TTEF) capital investments were $1.3 billion in the second quarter, with $1.2 billion allocated to growth capital projects. The company maintains its expectations for organic growth capital investments between $4.0 billion and $4.5 billion in 2025, and $2.0 billion to $2.5 billion in 2026.
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