Enterprise Products (EPD) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Enterprise Products Partners (EPD) reported a revenue of $15.42 billion for the quarter ended March 2025, reflecting a year-over-year increase of 4.5% and a positive surprise of 9.42% over the Zacks Consensus Estimate of $14.09 billion [1] - The earnings per share (EPS) for the quarter was $0.64, down from $0.66 in the same quarter last year, resulting in an EPS surprise of -7.25% against the consensus estimate of $0.69 [1] Financial Performance Metrics - NGL Pipelines & Services reported daily NGL fractionation volumes of 1,652 million barrels of oil, exceeding the average estimate of 1,613.15 million barrels [4] - Fee-based natural gas processing volumes were 7,181 million barrels of oil, surpassing the estimated 7,062.97 million barrels [4] - NGL pipeline transportation volumes were 4,447 million barrels of oil, slightly below the estimate of 4,458.61 million barrels [4] - Natural gas transportation volumes reached 20,310 BBtu/D, exceeding the average estimate of 20,175.16 BBtu/D [4] - Butane isomerization volumes were 114 million barrels of oil, below the estimate of 120.07 million barrels [4] - Propylene fractionation volumes were 113 million barrels of oil, above the estimate of 104.11 million barrels [4] - Octane enhancement and related plant sales volumes were 46 million barrels of oil, significantly exceeding the estimate of 31.03 million barrels [4] - Equity NGL production was 225 million barrels of oil, surpassing the estimate of 196.18 million barrels [4] Gross Operating Margins - Gross operating margin for NGL Pipelines & Services was $1.42 billion, slightly below the average estimate of $1.46 billion [4] - Gross operating margin for Petrochemical & Refined Products Services was $315 million, below the estimate of $352.84 million [4] - Gross operating margin for Natural Gas Pipelines & Services was $357 million, exceeding the estimate of $342.12 million [4] - Gross operating margin for Crude Oil Pipelines & Services was $374 million, below the estimate of $411.62 million [4] Stock Performance - Shares of Enterprise Products have returned +2.1% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]