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Enterprise Products
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Midstream energy pipelines, storage, processing
Enterprise Products
Work Here?
Midstream energy pipelines, storage, processing
Overview
Enterprise Products provides midstream energy services by operating a vast network of pipelines, storage facilities, and processing plants across North America. The company moves and treats natural gas, crude oil, and petrochemicals, generating revenue through transportation and storage fees rather than selling the commodities themselves. Unlike many competitors, it maintains a highly diversified asset base that covers almost every stage of the energy midstream chain, from initial processing to export. Its goal is to provide the essential infrastructure necessary to ensure the reliable and efficient movement of energy resources from producers to consumers.
About Enterprise Products
Industries
Industrial & Manufacturing
Energy
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1968
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Simplify's Take
What believers are saying
- July 30, 2026 results showed record $1.8 billion net income and 1.9x coverage.
- Enterprise approved Plant 11, Plant 13, and Frac 15, lifting backlog to $6.5 billion.
- Houston Ship Channel LPG expansion starts by year-end 2026, adding export capacity.
What critics are saying
- PHMSA’s February 17, 2026 corrective order followed the Iowa East Leg Loop explosion.
- Colorado regulators and tribes still press Enterprise over the La Plata gasoline spill.
- Jim Teague retires January 4, 2027, removing a longtime operator during a heavy-build cycle.
What makes Enterprise Products unique
- Enterprise’s 50,000-mile, fee-based network monetizes volumes, not commodity prices, with 90% escalators.
- Its Mont Belvieu, Permian, and Gulf Coast integration captures NGLs from basin to export dock.
- Record Q2 2026 EBITDA of $2.8 billion proves scale, utilization, and customer stickiness.
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Funding
Total Funding
$8.2B
Above
Industry Average
Funded Over
4 Rounds
Stock Price
Company News
Enterprise Products Partners offers a 5.9% dividend yield, significantly outperforming oil majors Chevron (3.7%) and ExxonMobil (2.6%). The midstream energy company operates 50,000 miles of pipelines, 300 million barrels of liquid storage, and 21 deep-water docks across North America. Roughly 80% of Enterprise's gross operating margin is fee-based, earning revenue from product volume rather than oil prices. About 90% of its long-term contracts include inflation escalation provisions, providing stable cash flows. In the second quarter, Enterprise generated record earnings of $2.8 billion before interest, taxes, depreciation, and amortisation. Pipeline-equivalent volumes rose 8% to 14.7 million barrels per day, whilst marine terminal volumes surged 33% to 2.8 million barrels per day.
Enterprise adds two Permian gas plants and Frac 15 as growth projects under construction reach $6.5 billion. August 2, 2026 The midstream operator is advancing 600 MMcf/d of new Permian processing capacity and a 150 MBPD Mont Belvieu fractionator while targeting a year-end startup for its Houston Ship Channel LPG export expansion. Published by Allstream Insiders Allstream Insiders summary. Enterprise Products Partners approved construction of two 300 million-cubic-feet-per-day (MMcf/d) natural gas processing plants in the Permian Basin and a 150,000-barrel-per-day (MBPD) natural gas liquids fractionator at its Mont Belvieu complex during the second quarter of 2026. The newly approved facilities include Plant 13 in the Delaware Basin, expected to enter service in the third quarter of 2028; Plant 11 in the Midland Basin, expected to begin service in the first quarter of 2029; and Frac 15 at Mont Belvieu, for which Enterprise did not provide a startup date in its earnings release. Enterprise said the approvals brought its total organic growth projects under construction to $6.5 billion. That amount represents the partnership's aggregate construction portfolio and was not disclosed as the cost of the three newly approved projects. The company also reported that the second phase of its Neches River Terminal in Texas was placed into service during the quarter. Its next major scheduled project completion is the expansion of the LPG export marine terminal on the Houston Ship Channel, which Enterprise expects to begin operations by year-end 2026. Enterprise approves 600 MMcf/d of Permian gas processing capacity. The two newly approved processing plants will add a combined 600 MMcf/d of nameplate capacity across the Delaware and Midland basins. Plant 13 is planned for Enterprise's Delaware Basin system and carries an expected in-service date in the third quarter of 2028. Plant 11 is planned for the Midland Basin and is expected to begin service in the first quarter of 2029. Enterprise connected the investments to continued Permian production growth and the need for additional processing capacity. The earnings release did not disclose individual capital costs, precise sites, contractors, construction schedules or customer commitments for Plant 13 or Plant 11. Frac 15 will add 150 MBPD at Mont Belvieu. Enterprise also approved Frac 15, a new 150 MBPD NGL fractionator at its Mont Belvieu-area complex. The company did not state an expected completion date or individual project value for the fractionator. The project follows Frac 14, which Enterprise placed into service in the fourth quarter of 2025. Enterprise's disclosed project tracker. | Project | Location | Disclosed capacity | Reported stage | Expected timing | | Plant 13 | Delaware Basin | 300 MMcf/d | Construction approved | Third quarter 2028 | | Plant 11 | Midland Basin | 300 MMcf/d | Construction approved | First quarter 2029 | | Frac 15 | Mont Belvieu area | 150 MBPD | Construction approved | Not disclosed | | Neches River Terminal Phase 2 | Orange County, Texas | Flexible capacity previously described as up to 180 MBPD of ethane or 360 MBPD of propane | Listed as placed in service; management also referenced commissioning activity | Completed during the second quarter of 2026 | | Enterprise Hydrocarbons Terminal LPG expansion | Houston Ship Channel | Approximately 300 MBPD of added propane and butane export capability | Next major project scheduled for completion | Operations expected by year-end 2026 | The $6.5 billion construction figure applies to Enterprise's wider portfolio of organic growth projects. The company did not allocate that amount among the projects in the table. Neches River Terminal Phase 2 advances export capacity. Enterprise listed the second phase of its Neches River Terminal as placed into service during the quarter. Management separately described the expansion as having accelerated through construction and into commissioning activities. Enterprise previously described Phase 2 as a flexible refrigeration train capable of handling as much as 180 MBPD of ethane or 360 MBPD of propane, or a combination of the two products. That capacity was presented in an earlier investor deck and was not restated in the second-quarter earnings release. Houston Ship Channel LPG expansion targets year-end operations. Enterprise identified its Enterprise Hydrocarbons Terminal expansion on the Houston Ship Channel as the next major capital project scheduled for completion. The partnership expects the expansion to begin operations by the end of 2026. In its original 2024 project announcement, Enterprise said the added refrigeration would increase propane and butane export capability by approximately 300 MBPD, raise instantaneous loading rates and make additional capacity available for propylene exports. The second-quarter 2026 earnings release did not provide the remaining capital requirement or a more specific startup date. The year-end target is forward-looking and remains subject to construction, commissioning and operating conditions. Enterprise maintains a multi-billion-dollar capital program. Enterprise invested $1.2 billion during the second quarter, including approximately $1.0 billion for growth capital projects and $140 million for sustaining capital expenditures. For full-year 2026, the partnership expects growth capital spending of $2.9 billion to $3.4 billion, net of $599 million in asset-sale proceeds, along with approximately $600 million of sustaining capital expenditures. Allstream analysis: The portfolio creates a multi-year construction runway. Enterprise's latest approvals establish two distinct development windows. The Houston Ship Channel LPG expansion represents the near-term milestone, with operations expected by the end of 2026. Plant 13 and Plant 11 extend the processing construction schedule into 2028 and 2029, while Frac 15 adds another Mont Belvieu fractionation project without a disclosed startup date. For engineering, equipment and industrial-service firms, gas processing plants, NGL fractionators and marine export expansions typically involve civil construction, process equipment, compression, electrical systems, automation, measurement, inspection and commissioning work and are sometimes modular design and fabrication. Enterprise did not announce contractor awards, procurement packages or bid schedules for the projects in this earnings release, so no specific commercial opportunity should be inferred. The most important near-term items to monitor are the operating startup of the Houston Ship Channel LPG expansion, additional scope and timing for Frac 15, and future disclosures concerning construction progress for Plant 13 and Plant 11.
Enterprise Products Partners reported record second-quarter EBITDA of $2.8 billion, driven by strong global demand for US energy exports in April and May. The partnership accelerated its Neches River NGL marine terminal expansion, now commissioning ahead of schedule. Permian Basin inlet volumes grew 14% year-over-year. The company's integrated value chain captured approximately $200 million in incremental margin during the quarter. Marine terminal volumes increased 33% compared to the prior year's second quarter. Growth capital expenditures for 2026 are expected between $2.9 billion and $3.4 billion, reflecting two new processing plants and a fractionator. The partnership projects 2027 growth capital around $3 billion. Co-CEO Jim Teague announced his retirement after 28 years. The consolidated leverage ratio decreased to 3.0x on a net basis.
Enterprise Products Partners reported second-quarter earnings of $0.84 per common unit, surpassing the consensus estimate of $0.75. Revenue reached $18.27 billion, well above the forecast of $13.57 billion. Net income attributable to common unitholders hit a record $1.8 billion, up 28% year-over-year. Operational distributable cash flow also set a record at $2.3 billion, rising 21% from the prior year. The partnership attributed strong performance to record pipeline and marine terminal volumes driven by robust international demand for US energy exports. Total pipeline volumes increased 8% to 14.7 million barrels per day, whilst marine terminal volumes rose 33% to 2.8 million barrels per day. Enterprise declared a quarterly distribution of $0.56 per common unit, a 2.8% increase year-over-year.
Enterprise Products Partners (NYSE:EPD) shares down 1.5% - what's next? July 30, 2026 Key points. * EPD shares fell 1.5% to about $38.09 despite a strong second-quarter report, suggesting investors may have already priced in the favorable results. * Second-quarter earnings reached $0.84 per unit, beating the $0.75 consensus, while revenue surged 60.8% year over year to $18.27 billion. Record adjusted EBITDA of $2.8 billion and $2.31 billion in distributable cash flow provided 1.9x distribution coverage. * The partnership raised its quarterly distribution to $0.56 per unit, equivalent to a 5.9% annualized yield, and announced new NGL fractionation and Permian Basin processing projects. Analysts remain mixed, with a consensus "Hold" rating and an average price target of $39.93. * MarketBeat previews top five stocks to own in August. Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded down 1.5% on Thursday. The stock traded as low as $37.95 and last traded at $38.0880. Approximately 6,152,018 shares were traded during mid-day trading, an increase of 47% from the average session volume of 4,177,333 shares. The stock had previously closed at $38.67. More Enterprise Products Partners news. Here are the key news stories impacting Enterprise Products Partners this week: * Positive Sentiment: Record quarterly results: EPD reported $0.84 in earnings per diluted common unit, exceeding the $0.75 consensus estimate, while revenue rose 60.8% year over year to $18.27 billion versus expectations of $13.69 billion. Net income attributable to common unitholders increased 28% to $1.84 billion. Enterprise Reports Second Quarter 2026 Earnings * Positive Sentiment: Strong operating momentum: Equivalent pipeline volumes increased 8% to 14.7 million barrels per day, while marine terminal volumes climbed 33% to 2.8 million barrels per day. Adjusted EBITDA reached a record $2.8 billion, and operational distributable cash flow of $2.31 billion provided 1.9x coverage of distributions. Enterprise Products Partners Q2 Net Income Climbs * Positive Sentiment: Growth and income support: The partnership declared a $0.56-per-unit distribution and announced plans for a 150,000-barrel-per-day NGL fractionator at Mont Belvieu and two 300 MMcf-per-day Permian Basin gas-processing plants. Analysts also anticipated higher throughput across several business lines, reinforcing the growth outlook. How Rising Volume and Earnings Forecasts Will Impact Enterprise Products Partners Investors * Neutral Sentiment: Expectations were already favorable: Pre-report forecasts called for approximately $0.74 in quarterly earnings and $13.60 billion in revenue. The results beat those estimates, but the stock's reaction indicates that the strong performance may have been substantially anticipated by the market. * Negative Sentiment: Some forward estimates softened: US Capital Advisors raised its second-quarter EPS estimate before the release but subsequently lowered its fourth-quarter 2027 forecast to $0.84 from $0.86. That modest reduction may temper enthusiasm about longer-term earnings growth. Enterprise Products Partners analyst estimates Wall Street analyst weigh in. A number of research analysts have commented on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $38.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. Citigroup reaffirmed a "buy" rating and set a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. Weiss Ratings cut Enterprise Products Partners from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, July 2nd. TD Cowen reiterated a "hold" rating and issued a $38.00 price objective (up from $34.00) on shares of Enterprise Products Partners in a research report on Thursday, April 16th. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $39.93. Discover more MarketBeat Research Tools Business News Stock Average Calculator Enterprise Products Partners stock down 1.5%. The business's fifty day simple moving average is $37.61 and its 200 day simple moving average is $36.92. The stock has a market cap of $82.34 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.40 and a beta of 0.49. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company had revenue of $18.27 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The firm's quarterly revenue was up 60.8% on a year-over-year basis. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.93 earnings per share for the current fiscal year. Enterprise Products Partners increases dividend. The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 5.9%. Enterprise Products Partners's payout ratio is currently 81.48%. Hedge funds weigh in on Enterprise Products Partners. Several institutional investors have recently modified their holdings of EPD. Miller Howard Investments Inc. NY increased its position in shares of Enterprise Products Partners by 1.0% in the 4th quarter. Miller Howard Investments Inc. NY now owns 3,112,119 shares of the oil and gas producer's stock valued at $99,775,000 after buying an additional 31,733 shares in the last quarter. Royal Palms Capital LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $1,830,000. Texas Yale Capital Corp. lifted its holdings in Enterprise Products Partners by 4.9% during the fourth quarter. Texas Yale Capital Corp. now owns 1,905,939 shares of the oil and gas producer's stock worth $61,104,000 after acquiring an additional 88,475 shares in the last quarter. Oxbow Advisors LLC lifted its holdings in Enterprise Products Partners by 3.0% during the fourth quarter. Oxbow Advisors LLC now owns 1,329,085 shares of the oil and gas producer's stock worth $42,610,000 after acquiring an additional 39,052 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Enterprise Products Partners by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,510,036 shares of the oil and gas producer's stock valued at $144,592,000 after acquiring an additional 327,807 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds. Enterprise Products Partners company profile. Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports. Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Enterprise Products Partners, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Products Partners wasn't on the list. While Enterprise Products Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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About Enterprise Products
Industries
Industrial & Manufacturing
Energy
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1968
There are no jobs for Enterprise Products right now.
Find jobs on Simplify and start your career today