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Enterprise Products (EPD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Enterprise Products Partners (EPD - Free Report) reported $17.95 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 49.3%. EPS of $0.75 for the same period compares to $0.61 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $15.35 billion, representing a surprise of +16.93%. The company delivered an EPS surprise of +1.35%, with the consensus EPS estimate being $0.74.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Enterprise Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • NGL Pipelines & Services net - NGL fractionation volumes per day: 1890 millions of barrels of oil per day versus 1872.34 millions of barrels of oil per day estimated by two analysts on average.
  • NGL Pipelines & Services net - Fee-based natural gas processing per day: 8196 millions of barrels of oil per day versus 7505.49 millions of barrels of oil per day estimated by two analysts on average.
  • NGL Pipelines & Services net - NGL pipeline transportation volumes per day: 4978 millions of barrels of oil per day compared to the 5138.92 millions of barrels of oil per day average estimate based on two analysts.
  • Natural Gas Pipelines & Services net - Natural gas transportation volumes per day: 22,695.00 BBtu/D versus the two-analyst average estimate of 21,222.32 BBtu/D.
  • Petrochemical Services net - Butane isomerization volumes per day: 125 millions of barrels of oil per day versus the two-analyst average estimate of 119.29 millions of barrels of oil per day.
  • Petrochemical Services net - Propylene fractionation volumes per day: 124 millions of barrels of oil per day compared to the 126.55 millions of barrels of oil per day average estimate based on two analysts.
  • Petrochemical Services net - Octane enhancement and related plant sales volumes per day: 48 millions of barrels of oil per day versus 41.11 millions of barrels of oil per day estimated by two analysts on average.
  • NGL Pipelines & Services net - Equity NGL production per day: 242 millions of barrels of oil per day versus the two-analyst average estimate of 237.21 millions of barrels of oil per day.
  • Gross operating margin- NGL Pipelines & Services: $1.54 billion versus the three-analyst average estimate of $1.57 billion.
  • Gross operating margin- Petrochemical & Refined Products Services: $430 million versus the three-analyst average estimate of $393.43 million.
  • Gross operating margin- Natural Gas Pipelines & Services: $411 million versus $373.73 million estimated by three analysts on average.
  • Gross operating margin- Crude Oil Pipelines & Services: $367 million versus $420.06 million estimated by three analysts on average.

View all Key Company Metrics for Enterprise Products here>>>

Shares of Enterprise Products have returned -0.4% over the past month versus the Zacks S&P 500 composite's -5.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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