Enterprise Products (EPD) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | November 07, 2025, 5:00 PM

Enterprise Products Partners (EPD) reported $12.02 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 12.7%. EPS of $0.61 for the same period compares to $0.65 a year ago.

The reported revenue represents a surprise of -4.53% over the Zacks Consensus Estimate of $12.59 billion. With the consensus EPS estimate being $0.67, the EPS surprise was -8.96%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Enterprise Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • NGL Pipelines & Services net - NGL fractionation volumes per day: 1636 millions of barrels of oil per day versus 1719.13 millions of barrels of oil per day estimated by two analysts on average.
  • NGL Pipelines & Services net - Fee-based natural gas processing per day: 7454 millions of barrels of oil per day compared to the 7711.24 millions of barrels of oil per day average estimate based on two analysts.
  • NGL Pipelines & Services net - NGL pipeline transportation volumes per day: 4694 millions of barrels of oil per day compared to the 4562.86 millions of barrels of oil per day average estimate based on two analysts.
  • Natural Gas Pipelines & Services net - Natural gas transportation volumes per day: 21,027.00 BBtu/D versus the two-analyst average estimate of 20,722.93 BBtu/D.
  • Petrochemical Services net - Butane isomerization volumes per day: 123 millions of barrels of oil per day compared to the 120.61 millions of barrels of oil per day average estimate based on two analysts.
  • Petrochemical Services net - Propylene fractionation volumes per day: 119 millions of barrels of oil per day versus 113.58 millions of barrels of oil per day estimated by two analysts on average.
  • Petrochemical Services net - Octane enhancement and related plant sales volumes per day: 41 millions of barrels of oil per day versus 38.03 millions of barrels of oil per day estimated by two analysts on average.
  • NGL Pipelines & Services net - Equity NGL production per day: 225 millions of barrels of oil per day compared to the 218.7 millions of barrels of oil per day average estimate based on two analysts.
  • Gross operating margin- NGL Pipelines & Services: $1.3 billion versus $1.37 billion estimated by two analysts on average.
  • Gross operating margin- Crude Oil Pipelines & Services: $371 million versus the two-analyst average estimate of $377 million.
  • Gross operating margin- Natural Gas Pipelines & Services: $339 million versus the two-analyst average estimate of $402.33 million.
  • Gross operating margin- Petrochemical & Refined Products Services: $370 million compared to the $343.04 million average estimate based on two analysts.

View all Key Company Metrics for Enterprise Products here>>>

Shares of Enterprise Products have returned -0.9% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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