Enterprise Products Partners (EPD) Q2 2026 - Preliminary Earnings Alert
Event: Quartr Q2 2026 event Release timing: July 30, 2026; call timing is listed in Quartr event materials. Source status: Earnings release and presentation available; transcript not yet available.
Beat/Miss
Beat/miss unavailable - API Ninjas definition or period mismatch. No usable API Ninjas earnings-calendar record was available for the same ticker and release date.
Reported results and guidance
- Gross operating margin was $2.991 billion, up from $2.477 billion a year ago.
- Record net income was $1.8 billion and adjusted EBITDA was $2.8 billion, up 28% and 17% year over year.
- Operational distributable cash flow was a record $2.3 billion, up 21%, covering distributions 1.9 times.
- Revenue was $18.3 billion; the quarterly distribution increased 2.8% to $0.56 per unit.
Management points and uncertainty
- All four operating segments increased gross operating margin, supported by record pipeline and terminal volumes.
- Fee-based activities were 80% of first-half gross operating margin; major projects under construction total $6.5 billion.
- The key uncertainty is execution of the elevated growth-capital program and ongoing energy-shipping disruption risk.