Enterprise Products Partners L.P. (EPD) Q2 2025 Financial Results Summary

# Enterprise Products Partners L.P. (EPD) Q2 2025 Financial Results Summary

Houston, Texas (Monday, July 28, 2025) – Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) released its financial results for the second quarter ended June 30, 2025. Below is a concise summary of the key financial metrics and operational highlights from the report.

## Financial Highlights

– **Net Income**:
– Reported net income attributable to common unitholders was **$1.4 billion** for Q2 2025, equivalent to **$0.66 per common unit**, representing a **3% increase** from **$0.64 per common unit** in Q2 2024.

– **Distributable Cash Flow (DCF)**:
– DCF was **$1.9 billion**, a **7% increase** compared to **$1.8 billion** in Q2 2024.
– DCF coverage ratio stood at **1.6 times** for the distribution declared.

– **Distribution Declared**:
– Cash distributions increased by **3.8%** to **$0.545 per common unit**, or **$2.18 per common unit** annualized.

– **Adjusted Cash Flow from Operations (Adjusted CFFO)**:
– Adjusted CFFO was **$2.1 billion** for both Q2 2025 and Q2 2024.

– **Quarterly Dividend**:
– Enterprise declared a quarterly dividend of **$0.545 per common unit**.

– **Share Repurchase**:
– Approximately **$110 million** of common units were repurchased on the open market during the quarter.

– **Payout Ratio**:
– The payout ratio was **57%** of Adjusted CFFO for the twelve months ending June 30, 2025.

## Capital Investments

– **Total Capital Investments**:
– Total capital investments amounted to **$1.3 billion** in Q2 2025, comprising **$1.2 billion** for growth capital projects and **$117 million** for sustaining capital.

– **Future Investment Outlook**:
– Estimated organic growth capital investments range is **$4.0 billion** to **$4.5 billion** for 2025 and **$2.0 billion** to **$2.5 billion** for 2026.

## Debt and Liquidity

– **Total Debt Outstanding**:
– As of June 30, 2025, total debt principal was **$33.1 billion**.

– **Consolidated Liquidity**:
– The company had **approximately $5.1 billion** in liquidity, including available borrowing capacity and unrestricted cash.

## Operational Performance

– **Operating Income**:
– Operating income was **$1.8 billion**, up from **$1.8 billion** in Q2 2024.

– **Gross Operating Margin**:
– Total gross operating margin was **$2.5 billion**, compared to **$2.4 billion** in the previous year.

– **Adjusted EBITDA**:
– Adjusted EBITDA remained stable at **$2.4 billion** for both Q2 2025 and Q2 2024.

## Volume Highlights

– **Natural Gas Processing Plant Inlet Volumes**:
– Achieved record volumes of **7.8 Bcf/d**, a **3% increase** from **7.5 Bcf/d** in Q2 2024.

– **Natural Gas Pipeline Volumes**:
– Increased to **20.4 TBtus/d**, representing a **9% increase** over **18.7 TBtus/d** in Q2 2024.

– **Crude Oil Pipeline Volumes**:
– Set a record at **2.6 million BPD**, compared to **2.5 million BPD** in Q2 2024.

## Segment Analysis

### NGL Pipelines & Services
– Gross operating margin was **$1.3 billion** for both Q2 2025 and 2024.
– NGL pipeline volumes rose to **4.6 million BPD**, reflecting a **5% increase** from the previous year.

### Crude Oil Pipelines & Services
– Gross operating margin of **$403 million**, down from **$417 million** in Q2 2024.
– Crude oil pipeline volumes reached **2.6 million BPD**, an increase from **2.5 million BPD**.

### Natural Gas Pipelines & Services
– Gross operating margin was **$417 million**, compared to **$293 million** in Q2 2024, marking an increase of **42%**.
– Volumes rose substantially, as noted above.

### Petrochemical & Refined Products Services
– The segment’s gross operating margin decreased to **$354 million** from **$392 million** in the prior year.

## Conclusion
Enterprise Products Partners L.P. demonstrated solid financial performance in Q2 2025 amidst challenging macroeconomic conditions. The company achieved increases in key financial metrics, continued its investment in growth projects, and declared a quarterly dividend.

For additional information, visit the Enterprise Products Partners website.

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