Enterprise Products Q3 EBITDA jumps 16% to $2.8 billion

Enterprise Products Partners L.P. (NYSE:EPD) reported third-quarter 2026 net income attributable to common unitholders of $1.6 billion, up 21% year over year, as adjusted EBITDA increased 16% to $2.8 billion.

Diluted earnings reached $0.75 per common unit.

Adjusted cash flow from operations rose 18% to $2.4 billion, while operational distributable cash flow increased 27% to $2.3 billion.

Operational distributable cash flow covered declared distributions 1.9 times, leaving $1.1 billion retained during the quarter.

Enterprise declared a distribution of $0.56 per common unit, equivalent to $2.24 annually, representing a 2.8% increase from the prior-year level.

Operating volumes reached records across several areas.

Permian natural gas processing inlet volumes increased 12% to 4.6 billion cubic feet per day, while total natural gas processing inlet volumes rose 6% to 8.5 billion cubic feet per day.

Equivalent pipeline volumes increased 7% to 14.8 million barrels per day, and marine terminal volumes climbed 28% to 2.5 million barrels per day.

Enterprise invested $1.1 billion in capital projects during the quarter, including $900 million in growth projects and $185 million in sustaining expenditures.

For full-year 2026, growth capital spending, net of $600 million in expected asset-sale proceeds, is projected at $2.9 billion–$3.4 billion, alongside $650 million in sustaining capital expenditures.