Enterprise Products Partners L.P.'s Stock Analysis

ExxonMobil Completes Acquisition of Interest in Pipeline

Enterprise Products Partners L.P. has completed the closing of ExxonMobil's acquisition of a 40-percent undivided joint interest in its Bahia natural gas liquids pipeline. This transaction marks a significant partnership development for Enterprise, potentially impacting its operational dynamics and financial performance.

Dec 15, 2025 10:34:10

Enterprise Products Partners Elects New Chief Commercial Officer

Enterprise Products Partners L.P. announced the election of Michael C. 'Tug' Hanley as Executive Vice President and Chief Commercial Officer, effective December 1, 2025. Hanley has been with the company since 2006 and has nearly twenty years of experience in various roles within the partnership, particularly in commercial functions. He will oversee the commercial leadership team and report to co-CEO A.J. 'Jim' Teague.

The company is a major player in the North American midstream energy sector, providing a range of services including natural gas and crude oil transportation, storage, and processing. Enterprise operates over 50,000 miles of pipelines and has significant storage capacities for various energy products. The leadership change comes as the company continues to focus on its commercial growth and operational efficiency.

Nov 20, 2025 16:04:52

ExxonMobil Acquires Joint Interest in Bahia Pipeline Expansion

Enterprise Products Partners L.P. has announced an agreement with ExxonMobil for the latter to acquire a 40-percent undivided joint interest in the Bahia natural gas liquids pipeline. ExxonMobil will contribute approximately $650 million towards Bahia project costs, with the transaction expected to close by early 2026, pending regulatory approvals. The Bahia pipeline, which is currently commissioning, will initially transport 600,000 barrels per day of natural gas liquids and is set to have its capacity increased to 1 million barrels per day through further investments and construction of a 92-mile extension to ExxonMobil's Cowboy natural gas processing plant in New Mexico.

The expansion of the Bahia pipeline is anticipated to support the growing production of natural gas liquids in the Permian Basin, which is expected to increase by over 30 percent from 2024 to 2030. Enterprise will operate the combined system, which includes over 50,000 miles of pipelines and substantial storage capacities for various energy products. This partnership with ExxonMobil is positioned to enhance the infrastructure necessary for transporting mixed natural gas liquids to key processing facilities.

Nov 20, 2025 07:09:10

Enterprise Products Partners Issues $1.65 Billion in Senior Notes

Enterprise Products Partners L.P. has completed a public offering of senior notes totaling $1.65 billion, which includes $300 million due 2028, $600 million due 2031, and $750 million due 2036. These notes represent a re-opening of previously issued senior notes and are guaranteed by the Partnership. Each series of notes has specific interest rates of 4.30%, 4.60%, and 5.20%, respectively, and will accrue interest from June 20, 2025. The offering has been registered under the Securities Act and will trade under the same CUSIP numbers as the original notes with identical terms regarding status and redemption.

The net proceeds from this offering are intended for general company purposes, which may include growth capital investments and debt repayment. Specifically, proceeds will be used to repay existing senior notes maturing in 2026. The underwriting agreement includes indemnification provisions for the underwriters against certain liabilities. The notes may be redeemed prior to their maturity dates under specified conditions, and the offering is subject to customary conditions for the underwriters.

Nov 14, 2025 12:24:21

Enterprise Products Partners Reports Q3 2025 Financial Results

Enterprise Products Partners L.P. announced its financial results for the third quarter of 2025, reporting a net income attributable to common unitholders of $1.3 billion, a decrease from $1.4 billion in the same period last year. The fully diluted net income per common unit was $0.61, down from $0.65 in Q3 2024. Distributable Cash Flow (DCF) was $1.8 billion, compared to $2.0 billion in the previous year, while distributions declared increased by 3.8% to $0.545 per common unit. The company retained $635 million of DCF and reported total capital investments of $2.0 billion for the quarter, which included significant growth capital projects and acquisitions. As of September 30, 2025, total debt outstanding was $33.9 billion, with consolidated liquidity of approximately $3.6 billion.

The board of directors has increased the partnership’s common unit buyback program from $2.0 billion to $5.0 billion, with $3.6 billion remaining available for repurchase. The financial results reflected record transportation volumes across various segments, including natural gas and crude oil pipelines. However, gross operating margins were affected by lower sales and processing margins, as well as maintenance downtimes. Despite these challenges, the company continues to pursue organic growth initiatives and expects to maintain strong operational performance in the future.

Oct 29, 2025 17:50:42

Enterprise Products Partners Reports Q2 2025 Financial Results

Enterprise Products Partners L.P. announced its financial results for the second quarter of 2025, reporting a net income of $1.4 billion, consistent with the same quarter in 2024. The fully diluted net income per common unit increased by 3% to $0.66, while distributable cash flow rose by 7% to $1.9 billion. The partnership declared a distribution of $0.545 per common unit, marking a 3.8% increase from the prior year. Enterprise retained $748 million of distributable cash flow for reinvestment and reported a payout ratio of 57% of adjusted cash flow from operations for the year ending June 30, 2025. Total capital investments for the quarter were $1.3 billion, primarily for growth projects.

The company achieved record natural gas processing plant inlet volumes of 7.8 Bcf/d and record pipeline volumes across various segments. Gross operating margin increased to $2.5 billion, up from $2.4 billion in the previous year. The NGL Pipelines & Services segment maintained its gross operating margin at $1.3 billion, while the Natural Gas Pipelines & Services segment saw a significant increase in gross operating margin to $417 million. However, gross operating margin from the Petrochemical & Refined Products Services segment decreased to $354 million. The partnership's total debt stood at $33.1 billion, with consolidated liquidity of approximately $5.1 billion.

Jul 28, 2025 07:02:04

Export License Requirements for Ethane Rescinded for Company

The U.S. Department of Commerce has rescinded the export license requirements for Enterprise Products regarding the export, reexport, or transfer of ethane to parties in China, including Chinese military end users. This decision follows previous communications dated June 1, 2025, and June 25, 2025, which outlined the licensing obligations for such transactions. The rescission is effective immediately and does not exempt the company from adhering to other existing regulations under the Export Administration Regulations (EAR).

Enterprise Products is still required to comply with other provisions of the EAR, including maintaining documentation and records of shipments. The company must ensure compliance with list-based and end-use/end-user-based license requirements, as well as any applicable embargoes or special controls. For further inquiries, the Department of Commerce has provided contact information for clarification.

Jul 02, 2025 16:05:02

Enterprise Products Faces New Export License Requirement for Ethane

The U.S. Department of Commerce's Bureau of Industry and Security (BIS) has imposed a new license requirement on Enterprise Products for the export, reexport, or transfer of ethane to parties located in China or classified as Chinese 'military end users.' This regulation is effective as of June 1, 2025, and restricts the company from completing such transactions without further authorization from BIS.

Despite this restriction, the letter allows Enterprise Products to load and transport ethane vessels to foreign ports, even if the intention is to deliver the ethane to parties in China. However, any off-loading or delivery of ethane to specified parties in China will require additional authorization from BIS, which could impact the company's operational capabilities in that market.

Jun 25, 2025 17:20:37

Enterprise Products Announces New Debt Securities Offerings

Enterprise Products Operating LLC has announced the issuance of three new series of debt securities: $500 million in 2028 notes, $750 million in 2031 notes, and $750 million in 2036 notes. These notes will be general unsecured obligations of the issuer and will be fully guaranteed by the parent company. The interest rates for the notes are set at 4.30% for the 2028 notes, 4.60% for the 2031 notes, and 5.20% for the 2036 notes, with interest payments commencing in 2025 and 2026 for different series.

The notes will be issued in global form and will be transferable through the DTC system. Investors will be able to redeem the notes at specified dates for a price based on the greater of the present value of remaining payments or 100% of the principal amount. The notes will be subject to optional redemption under certain conditions, and holders will receive notices regarding redemption at least 10 days prior to the redemption date. This issuance may affect the company's capital structure and liquidity position.

Jun 20, 2025 10:42:34

Enterprise Reports Q1 2025 Earnings and Increased Distributions

Enterprise reported a net income of $ billion for the first quarter of 2025, compared to $ billion in the same quarter of 2024. The company’s Distributable Cash Flow (DCF) increased by 5% to $ billion, and distributions declared for the first quarter rose to $ per common unit, reflecting a positive trend in cash flow management. The DCF coverage ratio for the declared distribution was times, with the company retaining $ million of DCF.

The company is actively investing in growth with $6 billion in major projects slated for completion in 2025. These projects include natural gas processing plants and an NGL export facility, expected to begin generating cash flow later this year. The gross operating margin from various segments, including NGL Pipelines & Services and Crude Oil Pipelines & Services, showed varied performance compared to the previous year, with increases in natural gas processing volumes and NGL transportation volumes. A conference call will be held to discuss these results in detail.

Apr 29, 2025 06:01:29