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Houston - July 28, 2025 Enterprise Products Partners L.P. ("Enterprise") (NYSE: EPD) today announced its financial results for the three and six months ended June 30, 2025. Enterprise reported net income attributable to common unitholders of $1.4 billion for the second quarters of 2025 and 2024. On a fully diluted basis, net income attributable to common unitholders was $0.66 per common unit for the second quarter of 2025, an increase of 3 percent compared to $0.64 per common unit for the second quarter of 2024. Distributable Cash Flow ("DCF") was $1.9 billion for the second quarter of 2025, a 7 percent increase compared to $1.8 billion for the second quarter of 2024. Distributions declared with respect to the second quarter of 2025 increased 3.8 percent to $0.545 per common unit, or $2.18 per common unit annualized, compared to distributions declared for the second quarter of 2024. DCF provided 1.6 times coverage of the distribution declared for the second quarter of this year, and Enterprise retained $748 million of DCF. Adjusted cash flow from operations ("Adjusted CFFO") was $2.1 billion for both the second quarters of 2025 and 2024. Adjusted CFFO was $8.6 billion for the twelve months ended June 30, 2025. Enterprise repurchased approximately $110 million of its common units on the open market in the second quarter of 2025. Enterprise's payout ratio, comprised of distributions to common unitholders and partnership common unit buybacks, for the twelve months ended June 30, 2025, was 57 percent of Adjusted CFFO. Total capital investments were $1.3 billion in the second quarter of 2025, which included $1.2 billion for growth capital projects and $117 million of sustaining capital expenditures. Expectations for organic growth capital investments continue to be in the range of $4.0 billion to $4.5 billion in 2025, and $2.0 billion to $2.5 billion in 2026. Sustaining capital expenditures are expected to total approximately $525 million in 2025. Total debt principal outstanding at June 30, 2025 was $33.1 billion. At June 30, 2025, Enterprise had consolidated liquidity of approximately $5.1 billion, comprised of available borrowing capacity under its revolving credit facilities and unrestricted cash on hand. Full report Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership's assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. Enterprise Products Partners L.P. press release
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