We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enterprise Products (EPD) Down 2.1% Since Last Earnings Report: Can It Rebound?
Read MoreHide Full Article
It has been about a month since the last earnings report for Enterprise Products Partners (EPD - Free Report) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Enterprise Products due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Enterprise Products Partners L.P. before we dive into how investors and analysts have reacted as of late.
Enterprise Products Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Enterprise Products reported first-quarter 2026 adjusted earnings per limited partner unit of 68 cents, which missed the Zacks Consensus Estimate of 71 cents. The bottom line increased from the year-ago level of 64 cents.
Total quarterly revenues of $14.4 billion surpassed the Zacks Consensus Estimate of $13.1 billion. The top line declined from $15.4 billion in the prior-year quarter.
The lower-than-expected quarterly earnings were primarily attributable to weak margins in Crude Oil Pipelines & Services and Petrochemical & Refined Products Services.
EPD’s Segmental Performance
Pipeline volumes in natural gas liquids (NGL), crude oil, refined products and petrochemicals totaled 8.6 million barrels per day (bpd), up from 7.9 million bpd in the year-ago quarter. Natural gas pipeline volumes amounted to 21.2 trillion British thermal units per day (TBtus/d), higher than 20.3 TBtus/d in the year-ago quarter. Marine terminal volumes totaled 2.3 million bpd, up from 2.0 million bpd in the year-ago period.
The gross operating margin at NGL Pipelines & Services increased to $1.5 billion from $1.4 billion in the year-ago quarter. The upside can be primarily attributed to higher volumes and average processing margin at Permian Basin processing facilities. Increased average fractionation fees and improved volume at the Mont Belvieu area NGL Fractionation Complex also added to the upside. Improved performance in the Permian Basin and Rocky Mountain NGL pipelines, Morgan’s Point and Neches River Terminals, and lower loss in MTM Change added to the positives. Reduced loading fee at EHT slightly offset these upsides.
Natural Gas Pipelines and Services’ gross operating margin increased to $496 million from $357 million in the first quarter of 2025. This was primarily due to higher sales margins in Natural gas marketing activities, improved transportation volume with higher capacity reservation fees in the Texas Intrastate System, higher transportation volumes in the Acadian Gas System and Haynesville Gathering System. The positives were offset by a higher loss in MTM activity.
Crude Oil Pipelines & Services recorded a gross operating margin of $329 million, down from $374 million in the prior-year quarter due to a higher loss in MTM activity and declining sales margins in Crude oil pipelines, related terminals and marketing activities.
The gross operating margin at Petrochemical & Refined Products Services was $314 million compared with $315 million in the first quarter of 2025 due to improved propylene sales volume in Propylene production and related activities (excluding MTM). The positives were offset by a higher loss in MTM activity and reduced Octane enhancement and related plant operations.
Enterprise Products’ Cash Flow
The distributable cash flow totaled $2.1 billion compared with $2.0 billion in the year-ago period, providing a coverage of 1.8X. Enterprise retained $1.5 billion of distributable cash flow in the first quarter. It generated an adjusted free cash flow of $1.9 billion, up from $1 billion in the year-ago quarter.
Financials of EPD
In the reported quarter, Enterprise’s total capital investment was $988 million.
As of March 31, 2026, the outstanding total debt principal was $34.2 billion, and consolidated liquidity amounted to $3.3 billion.
Enterprise Products’ Outlook
Enterprise’s growth capital expenditure for 2026 is expected to be $2.3-$2.6 billion.
The partnership expects to sustain a capital expenditure of $580 million for 2026.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 5.8% due to these changes.
VGM Scores
Currently, Enterprise Products has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Enterprise Products has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Enterprise Products (EPD) Down 2.1% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Enterprise Products Partners (EPD - Free Report) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Enterprise Products due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Enterprise Products Partners L.P. before we dive into how investors and analysts have reacted as of late.
Enterprise Products Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Enterprise Products reported first-quarter 2026 adjusted earnings per limited partner unit of 68 cents, which missed the Zacks Consensus Estimate of 71 cents. The bottom line increased from the year-ago level of 64 cents.
Total quarterly revenues of $14.4 billion surpassed the Zacks Consensus Estimate of $13.1 billion. The top line declined from $15.4 billion in the prior-year quarter.
The lower-than-expected quarterly earnings were primarily attributable to weak margins in Crude Oil Pipelines & Services and Petrochemical & Refined Products Services.
EPD’s Segmental Performance
Pipeline volumes in natural gas liquids (NGL), crude oil, refined products and petrochemicals totaled 8.6 million barrels per day (bpd), up from 7.9 million bpd in the year-ago quarter. Natural gas pipeline volumes amounted to 21.2 trillion British thermal units per day (TBtus/d), higher than 20.3 TBtus/d in the year-ago quarter. Marine terminal volumes totaled 2.3 million bpd, up from 2.0 million bpd in the year-ago period.
The gross operating margin at NGL Pipelines & Services increased to $1.5 billion from $1.4 billion in the year-ago quarter. The upside can be primarily attributed to higher volumes and average processing margin at Permian Basin processing facilities. Increased average fractionation fees and improved volume at the Mont Belvieu area NGL Fractionation Complex also added to the upside. Improved performance in the Permian Basin and Rocky Mountain NGL pipelines, Morgan’s Point and Neches River Terminals, and lower loss in MTM Change added to the positives. Reduced loading fee at EHT slightly offset these upsides.
Natural Gas Pipelines and Services’ gross operating margin increased to $496 million from $357 million in the first quarter of 2025. This was primarily due to higher sales margins in Natural gas marketing activities, improved transportation volume with higher capacity reservation fees in the Texas Intrastate System, higher transportation volumes in the Acadian Gas System and Haynesville Gathering System. The positives were offset by a higher loss in MTM activity.
Crude Oil Pipelines & Services recorded a gross operating margin of $329 million, down from $374 million in the prior-year quarter due to a higher loss in MTM activity and declining sales margins in Crude oil pipelines, related terminals and marketing activities.
The gross operating margin at Petrochemical & Refined Products Services was $314 million compared with $315 million in the first quarter of 2025 due to improved propylene sales volume in Propylene production and related activities (excluding MTM). The positives were offset by a higher loss in MTM activity and reduced Octane enhancement and related plant operations.
Enterprise Products’ Cash Flow
The distributable cash flow totaled $2.1 billion compared with $2.0 billion in the year-ago period, providing a coverage of 1.8X. Enterprise retained $1.5 billion of distributable cash flow in the first quarter. It generated an adjusted free cash flow of $1.9 billion, up from $1 billion in the year-ago quarter.
Financials of EPD
In the reported quarter, Enterprise’s total capital investment was $988 million.
As of March 31, 2026, the outstanding total debt principal was $34.2 billion, and consolidated liquidity amounted to $3.3 billion.
Enterprise Products’ Outlook
Enterprise’s growth capital expenditure for 2026 is expected to be $2.3-$2.6 billion.
The partnership expects to sustain a capital expenditure of $580 million for 2026.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 5.8% due to these changes.
VGM Scores
Currently, Enterprise Products has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Enterprise Products has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.