Enterprise Products Q3 revenue tops estimates on record volumes at Permian Basin
EPD•Enterprise Products’ third-quarter revenue was $17.95 billion, above the $14.47 billion consensus, while adjusted EBITDA of $2.79 billion also beat estimates. Net income rose 21% year over year to $1.64 billion, and the company expects 2026 growth capital spending of $2.9 billion to $3.4 billion.
1. Quarterly results
Enterprise Products reported record third-quarter operating volumes at Permian Basin natural gas processing plants, NGL and natural gas pipelines, and ethane marine export terminals. Revenue was $17.95 billion versus a $14.47 billion consensus estimate, adjusted EBITDA was $2.79 billion versus $2.67 billion expected, and net income rose 21% year over year to $1.64 billion.
2. 2026 spending outlook
The company expects 2026 growth capital spending, net of asset sales, of $2.9 billion to $3.4 billion and sustaining capital expenditures of $650 million. It said strong international demand and new assets support future cash flow growth.
