Overview

* Enterprise Q2 2025 revenue missed analyst expectations, adjusted EBITDA also missed

* EPS for Q2 2025 beat analyst expectations, indicating stronger earnings per unit

* Company repurchased $110 mln of common units, reported record pipeline volumes

Outlook

* Enterprise expects 2025 growth capital investments of $4.0 bln to $4.5 bln

* Company projects 2026 growth capital investments at $2.0 bln to $2.5 bln

* Enterprise anticipates 2025 sustaining capital expenditures of $525 mln

* Company sees opportunities with $6 bln in projects entering service in H2 2025

* Continued investment in natural gas processing infrastructure with new facilities in the Permian Basin

Result Drivers

* RECORD VOLUMES - Record natural gas processing plant inlet volumes of 7.8 Bcf/d and natural gas pipeline volumes of 20.4 TBtus/d driven by Permian and Haynesville Basins

* FEE-BASED ASSETS - Performance of fee-based assets and natural gas marketing offset lower earnings in crude oil marketing and lower commodity prices

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $11.36 $14.23

Revenue bln bln (6

Analysts

)

Q2 EPS Beat $0.66 $0.65

(13

Analysts

)

Q2 Net $1.45

Income bln

Q2 Miss $2.41 $2.44

Adjusted bln bln (14

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Enterprise Products Partners LP ( EPD ) is $36.00, about 12.4% above its July 25 closing price of $31.55

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)