Enterprise Products Partners reported first quarter 2026 revenue of $14.4 billion, beating analyst estimates, while diluted earnings per common unit of $0.68 missed expectations. The results were driven by record-setting operational volumes across its integrated midstream system, supported by new assets coming online.

Key Highlights

  • The company reported record volumes across several key operations, including natural gas processing at 8.3 Bcf/d (up 7% YoY), NGL fractionation at 1.9 MMBPD (up 16%), and total marine terminal volumes at 2.3 MMBPD (up 15%).
  • Adjusted EBITDA grew 10% year-over-year to $2.7 billion, reflecting strong operational performance and higher margins in the natural gas marketing business.
  • Operational Distributable Cash Flow (DCF) was $2.1 billion, which provided strong distribution coverage of 1.8x on distributions declared for the quarter.