Enterprise Products Partners 4Q Profit Rises

Dow Jones
02/03
 

By Adriano Marchese

 

Enterprise Products Partners profit edged higher in the fourth quarter, despite a slowdown in revenue.

The midstream energy company on Tuesday posted a rise in net income to $1.66 billion, or 75 cents a share, compared with $1.63 billion, or 74 cents a share, in the same quarter a year ago.

According to FactSet, analysts were expecting 69 cents a share.

Revenues fell to $13.79 billion from $14.2 billion, but not as precipitously as analysts expected, which was for a decline to $12.36 billion.

Adjusted cash flow from operations rose to $2.43 billion from $2.3 billion

Total capital investments in the quarter were $1.3 billion, net of proceeds from asset sales. The investments included $1.1 billion for growth capital projects, $203 million of sustaining capital expenditures, and $49 million of cash towards acquisitions.

Co-Chief Executive A.J. Teague said the company continues to expect strong natural gas and natural gas liquids production growth in the Permian Basin driven by rising gas-to-oil ratios new completion technology and as producers moving further into their drilling inventories.

"Commitments from our producer customers, coupled with our visibility and conviction around basin fundamentals, gave us the confidence to be the industry leader to add significant NGL takeaway capacity from the Permian Basin," Teague said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

February 03, 2026 06:29 ET (11:29 GMT)

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