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Dec 31, 2024

Enterprise Products Q4 2024 Earnings Report

Enterprise Products reported financial results for Q4 2024.

Key Takeaways

Enterprise Products Partners L.P. reported a net income attributable to common unitholders of $1.6 billion, or $0.74 per common unit on a fully diluted basis, for the fourth quarter of 2024. DCF was $2.2 billion for the fourth quarter of 2024.

Net income attributable to common unitholders was $1.6 billion, or $0.74 per common unit fully diluted.

DCF was $2.2 billion.

Distributions declared increased 3.9% to $2.14 per common unit annualized.

Equivalent pipeline volumes were a record 13.6 million BPD.

Total Revenue
$14.2B
Previous year: $14.6B
-2.9%
EPS
$0.74
Previous year: $0.72
+2.8%
Equivalent pipeline volumes
13.6
Previous year: 12.7
+7.1%
NGL fractionation volumes
1.64
Previous year: 1.6
+2.4%
Nat. gas processing inlet volumes
7.6
Previous year: 7.1
+7.0%
Gross Profit
$1.93B
Previous year: $1.87B
+3.2%

Enterprise Products

Enterprise Products

Enterprise Products Revenue by Segment

Forward Guidance

Organic growth capital investments are expected to be in the range of $4.0 billion to $4.5 billion in 2025. Sustaining capital expenditures are expected to be approximately $525 million in 2025.

Positive Outlook

  • Two natural gas processing plants in the Permian Basin
  • Bahia NGL pipeline
  • Fractionator 14
  • The first phase of our NGL export facility on the Neches River
  • Expansions of our ethane and ethylene marine terminals on the Houston Ship Channel.

Revenue & Expenses

Visualization of income flow from segment revenue to net income