Enterprise Products Q1 revenue and EBITDA beat estimates

Enterprise Products Partners L.P

28/04/2026 11:11

Overview

U.S. midstream energy provider's Q1 revenue rose yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations, driven by new assets and higher volumes

Company repurchased $116 mln in units and placed new assets into service

Outlook

Company expects 2026 growth capital spending of $2.3 bln to $2.6 bln, net of asset sales

Enterprise plans $580 mln in sustaining capital expenditures for 2026

Result Drivers

NEW ASSETS AND VOLUME GROWTH - Co said record operational volumes, including natural gas processing, pipeline transportation, marine terminal, and NGL fractionation, were driven by new assets placed in service such as the Bahia NGL pipeline, NGL fractionator 14, and three Permian gas processing plants

Company press release: ID:nBw1RBZjXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$14.39 bln
$13.58 bln (5 Analysts)
Q1 Net Income
$1.50 bln
Q1 Adjusted EBITDA
Beat
$2.69 bln
$2.60 bln (16 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "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 $40.00, about 4.7% above its April 27 closing price of $38.22

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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.)