Enterprise Products Partners L.P.: EPS $0.75 vs $0.746 expected; revenue $18.0B vs $15.0B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 0.750 | 0.746 | +0.5% | 0.610 |
| Revenue (USD bn) | 17.950 | 14.980 | +19.9% | 12.020 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 29, 2026 | Q3 FY2026 | 0.75 | 0.746 | +0.5% | 17.95 | 14.98 | +19.9% |
| Jul 30, 2026 | Q2 FY2026 | 0.84 | 0.748 | +12.3% | 18.27 | 13.69 | — |
| Apr 28, 2026 | Q1 FY2026 | 0.68 | 0.714 | −4.8% | 14.39 | 13.62 | +5.7% |
| Feb 3, 2026 | Q4 FY2025 | 0.75 | 0.690 | +8.7% | 13.79 | 12.36 | +11.6% |
| Oct 30, 2025 | Q2 FY2025 | 0.61 | 0.651 | −6.3% | 12.02 | 11.83 | +1.6% |
| Jul 28, 2025 | Q2 FY2025 | 0.66 | 0.645 | +2.3% | 11.36 | 14.18 | −19.8% |
| Apr 29, 2025 | Q1 FY2025 | 0.64 | 0.705 | −9.2% | 15.42 | 14.00 | +10.1% |
| Feb 4, 2025 | Q4 FY2024 | 0.74 | 0.701 | +5.6% | 14.20 | 14.13 | +0.5% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Enterprise Products Partners L.P. results: EPS $0.75 vs $0.746 expected; revenue $18.0B vs $15.0B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 0.5%; revenue above the estimate by 19.9%.
Revenue was up 49.3% from $12.0 billion a year earlier (Q2 FY2025). EPS was up 23.0% from $0.61 a year earlier. On its record, EPS topped analysts' estimates in 4 of 7 earlier comparable reports.
What the results mean
Enterprise Products Partners connects energy producers with consumers through processing, transportation, storage and marketing services. Interpreting its results therefore requires attention to activity across its network and the returns earned from these services; revenue growth alone does not establish an improvement in operating profitability.
Its natural gas liquids operations form an interconnected service chain spanning gas processing, fractionation, transportation, storage and marine terminal handling. Crude oil, natural gas, petrochemical and refined products services complement these activities, making demand for its assets and the mix of services central business drivers.
What to watch on the earnings call: The earnings call merits attention to management’s explanation of revenue growth and the roles of handling and transportation volumes and service mix in profitability. Other useful topics include demand for gas processing and fractionation, utilization of pipelines, storage and marine terminals, and how spending affects asset efficiency.
For the full analysis of Enterprise Products Partners L.P. stock — valuation, scores and financial statements — see the stock page linked with this story.