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Enterprise Products Partners 8-K Report, Financial Results (Oct 29, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 29, 2026
Period End
October 29, 2026
Securities
EPDEPDU
In the record · 2016–202610-K1110-Q338-K129

EPD filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 129 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Nov ’16Nov ’16
  2. Leadership change8-K · Sep ’19Sep ’19
  3. Material agreement8-K · Sep ’21Sep ’21
  4. Material agreement8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K filed October 29, 2026. Cited figures are marked; the original filing is the authoritative source.

Enterprise Products Partners L.P.

(NYSE: EPD) furnished an 8-K on October 29, 2026 under Item 2.02 reporting results for the three months ended September 30, 2026. The attached press release (Exhibit 99.1) reports net income attributable to common unitholders of $1.6 billiona, or $0.75 per diluted common unit, up 21%. Adjusted EBITDA was $2.8 billion, up 16%, and Operational DCF was $2.3 billion, providing 1.9x coverage of distributions declared for the quarter, up 27%.

Distributions declared were $0.56b per common unit, or $2.24 annualized, up 2.8%. Total gross operating margin rose $350 million to $2.7 billion, including a $21 million increase in unrealized mark-to-market earnings on hedging instruments. Volumes were strong across the system.

The release cites record Permian natural gas processing inlet volumes of 4.6 Bcf/d (up 12%c), record total natural gas processing inlet volumes of 8.5 Bcf/d (up 6%), and record equivalent pipeline volumes of 14.8 MMBPD (up 7%). Marine terminal volumes reached 2.5 MMBPD, up 28%. Management attributed results to Permian production growth, international demand for U.S. NGLs, crude oil, petrochemicals and refined products, and recently completed assets including the Delaware Basin's eleventh gas plant, the Bahia NGL pipeline, Frac 14 and the second phase of the Neches River NGL marine terminal.

Capital and returns metrics were also reported. Third-quarter capital investments totaled $1.1 billiond, including $0.9 billion for growth projects and $185 million for sustaining capital. The company has $6.3 billion of growth projects under construction slated to begin commercial operations through 2028, with the LPG marine terminal expansion and the Athena natural gas processing plant next due in the fourth quarter of 2026.

Common unit repurchases were $112 million for the quarter and $437 million for the trailing twelve months, with 36% cumulative utilization of a $5.0 billion buyback program. The 2026 growth capital outlook is $2.9 to $3.4 billion, net of $600 million of asset sale proceeds, plus $650 million of sustaining capital.

02—Key points

Key Highlights

  1. Net income attributable to common unitholders of $1.6 billion, or $0.75 per diluted common unit, up 21% versus 3Q 2025.
  2. Adjusted EBITDA of $2.8 billion, up 16%; Adjusted CFFO of $2.4 billion, up 18%.
  3. Operational DCF of $2.3 billion provided 1.9x coverage of distributions declared; $1.1 billion of DCF was retained, up 27% in Operational DCF.
  4. Distributions declared of $0.56 per common unit ($2.24 annualized), up 2.8%.
  5. Record Permian natural gas processing inlet volumes of 4.6 Bcf/d (up 12%) and record total inlet volumes of 8.5 Bcf/d (up 6%).
  6. $112 million of common unit repurchases in the quarter and $437 million over the trailing 12 months; 36% cumulative utilization of the $5.0 billion buyback program.
  7. $6.3 billion of growth projects under construction with commercial operations scheduled through 2028; the LPG terminal expansion (to 1.1 MMBPD) and Athena plant are next, in 4Q 2026.

03—Questions

Frequently Asked Questions

  1. How did Enterprise perform in the third quarter of 2026?

    Net income attributable to common unitholders was $1.6 billion, or $0.75 per diluted unit, up 21%. Adjusted EBITDA rose 16% to $2.8 billion and total gross operating margin increased $350 million to $2.7 billion.

  2. Is the distribution covered by cash flow?

    Yes. Operational DCF of $2.3 billion provided 1.9 times coverage of the $0.56 per unit distribution declared for the quarter, and the partnership retained $1.1 billion of DCF.

  3. What drove the strong volume growth?

    Management cited higher natural gas to oil production ratios in the Permian Basin flowing through the integrated NGL system, international demand for U.S. NGLs and other products, and new assets including the Delaware Basin's eleventh gas plant, the Bahia NGL pipeline, Frac 14 and the second phase of the Neches River NGL marine terminal.

  4. What are the near-term capital and buyback plans?

    The company expects 2026 growth capital spending of $2.9 to $3.4 billion, net of $600 million of asset sale proceeds, and $650 million of sustaining capital. It has $6.3 billion of growth projects under construction and has repurchased $437 million of common units over the last 12 months under a $5.0 billion program, with 36% cumulative utilization.

  5. What projects are scheduled for completion next?

    In the fourth quarter of 2026, the fourth expansion of the LPG marine terminal on the Houston Ship Channel, which will raise the LPG loading rate by about 300 MBPD to 1.1 MMBPD, and the Athena natural gas processing plant in the Midland Basin, with capacity to process 300 MMcf/d and extract up to 40 MBPD of NGLs.

04—Continue

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