Pipeline operator Enterprise Products rises on core profit beat
BUZZ-Pipeline operator Enterprise Products rises on core profit beat ** Shares of US pipeline operator Enterprise Products EPD.N rise 1.05% to $38.4 premarket
** Co reports Q3 adjusted EBITDA of $2.8 billion, beating analysts' estimate of $2.67 billion, according to LSEG-compiled data
** "Economic growth and disruption caused by global geopolitical conflicts continue to drive strong international demand across our assets for US produced NGLs, crude oil, petrochemicals, refined products and motor gasoline additives" - CEO A.J. Jim Teague
** CEO says company handled record volumes at its Permian Basin natural gas processing plants, NGL pipelines, natural gas pipelines and ethane marine export terminals
** Q3 Permian natural gas processing inlet volumes rise to 4.6 Bcfpd, up 12% and total natural gas processing inlet volumes climb to 8.5 Bcfpd, up 6% from last year
** EPD expects 2026 growth capital spending, net of asset-sale proceeds, of $2.9 billion-$3.4 billion
** Enterprise expects to complete Houston LPG terminal expansion and Athena gas processing plant in Q4, boosting export and processing capacity
** Up until last close, stock up 18.71% YTD
(Reporting by Tyakshi Singh in Bengaluru)