By Rob Curran

Enterprise Product Partners' third-quarter net income slipped after production at a propane plant was interrupted for maintenance, but the energy infrastructure company's revenue topped analysts' expectations and it increased the size of its unit-buyback program.

The Houston-based pipeline and fuel-shipping company posted earnings of $1.36 billion, or 61 cents a unit, down from $1.43 billion, or 65 cents a unit, a year earlier. Analysts surveyed by FactSet had expected earnings of 67 cents a unit.

Revenue fell 13% to $12.02 billion, but still surpassed the $11.8 billion that Wall Street had modeled, as per FactSet.

Enterprise Product Partners said equivalent pipeline volumes rose 6.9% to 13.9 million barrels per day.

Maintenance work at a propane dehydrogenation plant to improve its utilization rate and a construction delay on a natural-gas liquids facility took a toll on quarterly results, said Co-Chief Executive A.J. "Jim" Teague, in a statement. The propane plant is now in the process of restarting.

The company forecast about $4.5 billion worth of organic growth capital projects for 2025, and between $2.2 billion and $2.5 billion for 2026.

Enterprise's board authorized the increase of its unit-buyback program to $5 billion from $2 billion. The company has $3.6 billion remaining capacity in the program.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

October 30, 2025 06:27 ET (10:27 GMT)

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