Enterprise Products Partners Reports Record Q2 EBITDA and Cash Flow
Enterprise Products Partners (NYSE:EPD) reported record second-quarter earnings, driven by strong demand for U.S. energy exports and increased pipeline and terminal volumes. The company generated $2.8 billion in EBITDA during the quarter, a 17% increase year-over-year, with total daily throughput reaching 14.7 million barrels of oil equivalent. Marine terminal volumes rose sharply to 2.8 million barrels per day, up 33%, while pipeline volumes increased by 8%. Co-CEO Randy Fowler highlighted adjusted cash flow from operations at a record $2.5 billion and announced an increase in quarterly distributions for unitholders. The partnership also accelerated capital projects, including the expansion of its Neches River NGL marine terminal ahead of schedule. Enterprise spent $1.2 billion on total capital investments during Q2 2026, with plans to spend between $2.9 billion and $3.4 billion in growth-related spending for the year. Management expects discretionary free cash flow could still reach nearly $1 billion despite higher project costs due to strong earnings performance. Enterprise has returned significant value through buybacks and distributions over the past 12 months, totaling $5.2 billion or 56% of adjusted operating cash flow.
Tickers: $EPD