CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Enterprise Products Q3 revenue tops estimates on record volumes at Permian Basin

By Reuters News


Overview

  • U.S. midstream energy firm's Q3 revenue rose and beat analyst expectations

  • Adjusted EBITDA for Q3 increased and beat analyst expectations

  • Net income for Q3 rose 21% yr/yr, driven by record operating volumes


Outlook

  • Enterprise expects 2026 growth capital spending, net of asset sales, at $2.9-$3.4 bln

  • Company sees $650 mln in sustaining capital expenditures for 2026

  • Enterprise says strong international demand and new assets support future cash flow growth


Result Drivers

  • RECORD OPERATING VOLUMES - Co said Q3 results were driven by record volumes at Permian Basin natural gas processing plants, NGL pipelines, natural gas pipelines and ethane marine export terminals

  • HIGHER SALES MARGINS - Co attributed increased NGL marketing and natural gas marketing gross operating margin to higher average sales margins and marketing strategies tied to export and processing assets

  • NEW ASSETS IN SERVICE - Co said new assets, including Delaware Basin gas plant, Bahia NGL pipeline, Frac 14 and Neches River NGL marine terminal, contributed to higher volumes and gross operating margin


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$17.95 bln

$14.47 bln (7 Analysts)

Q3 Net Income

$1.64 bln

Q3 Adjusted EBITDA

Beat

$2.79 bln

$2.67 bln (17 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 1 "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 L.P is $41.00, about 7.7% above its October 28 closing price of $38.06

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


Reuters Recommended Reads

  • Oct 27 - ONEOK Q3 results beat estimates on higher product volumes; raises 2026 outlook

  • Oct 28 - Antero Midstream Q3 misses estimates

  • Oct 28 - Expand says Haynesville output growth needed to meet rising US natgas demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.