Enterprise Products Partners L P - Unit

Adjusted EBITDA and Financial Performance: Enterprise Products Partners reported an adjusted EBITDA of $2.4 billion for Q1 2025, maintaining consistency with the previous year. Net income attributable to common unitholders was $1.4 billion, or $0.64 per common unit, slightly down from $0.66 per unit in Q1 2024. This reflects stability in income generation despite ongoing market volatility.

Growth Capital Expenditures and Project Developments: The company maintains its growth capital expenditure forecast of $4 billion to $4.5 billion for 2025 and $2 billion to $2.5 billion for 2026. Notable upcoming projects include two gas processing plants and enhancements to the Bahia NGL Pipeline, with anticipated acceleration in downstream revenue from increased well connections in the Permian Basin by the end of 2025.

NGL Exports and Market Dynamics: While experiencing a global demand slowdown, Enterprise has secured 85%-90% of its LPG and ethane exports under long-term contracts. The company emphasized its competitive edge with more efficient capital deployment for export capacity, which positions it favorably amid fluctuating global markets, especially regarding potential tariff impacts from China.