Feb. 3 at 11:20 AM
$EPD Earnings - Q4/2025
Revenue:
$13.79B ✅ vs.
$12.38B est.
EPS:
$0.75 ✅ vs.
$0.72 est.
Enterprise posts a record Q4 2025 gross operating margin with 1.8x Operational DCF coverage and a 2.8% rise in the quarterly distribution to
$0.550 per unit. For 2025, Operational DCF was strong and distributions rose 3.6%; the partnership retained
$3.2B of DCF and repurchased about
$300M of common units, capping 27 years of distribution growth. Guidance for 2026 shows organic growth capex net of asset sales aimed at
$1.9B–
$2.3B, sustaining capex around
$580M, with asset-sale proceeds offsetting increases to fund debt reduction and buybacks; total debt about
$34.7B and liquidity near
$5.2B.