Enterprise Products Partners (NYSE:EPD) Releases Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Enterprise reported Q1 EPS of $0.68 (missing estimates by $0.03) but delivered revenue of $14.39 billion and adjusted EBITDA of $2.7 billion (up 10%) with 12 volumetric records as new assets ramped.
• Cash returns remain a priority: the firm declared a $0.55/unit distribution (2.8% increase, ~5.7% yield), repurchased 3.1 million units for ~$116 million, and returned about $5.1 billion to equity holders over the last 12 months.
• Management expects geopolitical disruptions to widen spreads and boost export/NGL volumes into late 2026/2027, while guiding 2026 growth CapEx net to $2.3–$2.6 billion and targeting roughly $1 billion of discretionary free cash flow, but warns of significant supply-driven earnings volatility.

Enterprise Products Partners (NYSE:EPD - Get Free Report) issued its earnings results on Tuesday. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03), FiscalAI reports. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The business had revenue of $14.39 billion during the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the business earned $0.64 EPS. The business's quarterly revenue was down 6.7% on a year-over-year basis.

Here are the key takeaways from Enterprise Products Partners' conference call:

• Enterprise reported $2.7 billion of adjusted EBITDA in Q1 (up 10%) and set 12 volumetric records as new assets (Frac 14, Bahia, three Permian gas plants) ramped to high utilization.
• Management said the Middle East conflict and Strait of Hormuz disruptions have driven strong international demand and materially wider petrochemical and export spreads, benefiting NGL/ethane/LPG and crude export volumes into 2H‑2026 and possibly 2027.
• Cash returns remain a priority: net income of $1.5 billion, declared a $0.55/unit distribution (2.8% increase), repurchased 3.1 million units for ~$116 million in Q1 and returned about $5.1 billion to equity holders over the last 12 months.
• Capital outlook: 2026 growth CapEx expected to net to $2.3–$2.6 billion after ~$600 million asset-sale proceeds (sustaining CapEx ~$580 million), with 2027 growth CapEx of ~$2.0–$2.5 billion; management still expects discretionary free cash flow in the ~$1 billion area and plans to split buybacks/debt retirement ~50–60%/50–40%.
• Geopolitical and market risks remain significant — management warns supply constraints (est. 10–15 million barrels/day affected) could persist for months, and the company sees a disconnect between stronger physical markets and softer futures/pricing, adding earnings volatility risk.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $38.46 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. The company has a 50-day moving average of $37.40 and a 200-day moving average of $34.16. Enterprise Products Partners has a 52 week low of $29.66 and a 52 week high of $39.74. The company has a market capitalization of $83.13 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.45 and a beta of 0.55.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.7%. Enterprise Products Partners's payout ratio is currently 82.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a "hold" rating in a research report on Tuesday, March 31st. Wells Fargo & Company upgraded Enterprise Products Partners from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $42.00 in a report on Wednesday, March 25th. Stifel Nicolaus raised their price target on shares of Enterprise Products Partners from $38.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Citigroup reaffirmed a "buy" rating and set a $39.00 price objective (up from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $42.00 price objective on shares of Enterprise Products Partners in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.27.

Key Stories Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: CEO warning that markets may be underestimating impact of a prolonged Strait of Hormuz closure — management says sustained disruption could tighten global supply and support higher crude/NGL prices and stronger demand for midstream capacity, a bullish backdrop for fee-based earnings. EPD CEO warns markets underestimate Hormuz closure impact
• Positive Sentiment: Revenue beat versus consensus — Enterprise reported $14.39B in Q1 revenue (above $12.72B consensus), which investors may view as evidence of resilient throughput/commodity-linked receipts even as volumes and markets shift. Enterprise Reports First Quarter 2026 Earnings
• Neutral Sentiment: Earnings call and slide deck are available for deeper color on segment performance, capital plans and distribution outlook — useful for investors parsing fee vs commodity exposure. Enterprise Products Partners L.P. Q1 2026 Earnings Call Summary
• Neutral Sentiment: Broad market and peer context: coverage notes EPD alongside peers (ONEOK, Plains All American) as investors reassess midstream exposures to trade flows and Permian activity; sector moves could influence EPD. EPD and ONEOK earnings open amid energy and trade shifts
• Negative Sentiment: Slight EPS miss: Q1 EPS $0.68 vs. $0.69 consensus (miss by $0.01) — while small, the miss can temper enthusiasm and highlights sensitivity to commodity-related items or one-offs. Enterprise Products Partners tops revenue forecasts but misses on earnings
• Negative Sentiment: Revenue is down year-over-year (down ~6.7%) despite the beat to consensus — this points to underlying volume or price pressure that could cap margin expansion if sustained. Enterprise Products: Q1 Earnings Snapshot

Insiders Place Their Bets

In related news, CEO Aj Teague purchased 2,665 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 32.60% of the company's stock.

Institutional Investors Weigh In On Enterprise Products Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of EPD. Oder Investment Management LLC increased its holdings in Enterprise Products Partners by 2.2% in the fourth quarter. Oder Investment Management LLC now owns 18,458 shares of the oil and gas producer's stock worth $592,000 after purchasing an additional 390 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Enterprise Products Partners by 1.2% during the 4th quarter. Russell Investments Group Ltd. now owns 34,333 shares of the oil and gas producer's stock worth $1,101,000 after buying an additional 401 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Enterprise Products Partners by 1.7% during the 2nd quarter. Modern Wealth Management LLC now owns 24,435 shares of the oil and gas producer's stock worth $758,000 after buying an additional 415 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Enterprise Products Partners by 0.6% during the 4th quarter. IHT Wealth Management LLC now owns 71,740 shares of the oil and gas producer's stock worth $2,300,000 after buying an additional 459 shares during the period. Finally, Arax Advisory Partners increased its stake in shares of Enterprise Products Partners by 2.2% in the 4th quarter. Arax Advisory Partners now owns 29,955 shares of the oil and gas producer's stock valued at $960,000 after acquiring an additional 632 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.