EPD Earnings Prediction
The chart below shows how EPD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EPD sees a +0.07% change in stock price 10 days leading up to the earnings, and a +1.21% change 10 days following the report. On the earnings day itself, the stock moves by -0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
EPD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.20B
-2.88%
3.09%
Gross Margin
21.03%
9.53%
3.95%
Operating Margin
13.15%
6.56%
6.05%
Net Margin
11.50%
4.93%
10.58%
EPS
0.74
2.78%
13.85%
No Data Available
EPD Earnings Analysis
Enterprise Products Partners LP Corporation (EPD.N) Earnings Conference Call
Positive
Strong EBITDA Performance: Enterprise Products Partners L.P. reported a Q4 2024 EBITDA of $2.6 billion, contributing to a total of $9.9 billion for the year, showcasing strong financial performance.
Net Income Increase Q4 2024: Net income attributable to common unitholders for Q4 2024 was $1.6 billion, or $0.74 per common unit, reflecting a 3% increase compared to the same quarter in 2023.
Cash Flow Improvement: Adjusted cash flow from operations increased by 4% to $2.3 billion in Q4 2024, compared to $2.2 billion in Q4 2023, indicating improved operational efficiency.
Q4 Distribution Increase: The partnership declared a distribution of $0.535 per common unit for Q4 2024, marking a 4% increase over the distribution for Q4 2023, demonstrating commitment to returning value to unitholders.
Capital Return Strategy: In 2024, Enterprise repurchased approximately 7.6 million common units for $219 million, contributing to a total capital return of $4.8 billion, which reflects a strong capital management strategy.
Negative
Hydrocarbon Loadout Shortfall: In the fourth quarter, the company loaded out 2.1 million barrels a day of liquid hydrocarbons against commitments of 2.5 million barrels a day, resulting in a shortfall of 400,000 barrels per day.
Debt Leverage Analysis: The total debt principal outstanding was approximately $32.2 billion as of December 31, 2024, indicating a significant leverage position with a consolidated leverage ratio of 3.1 times, exceeding the target range of 2.75 to 3.25.
SPOT Project Challenges: Despite a reported EBITDA of $9.9 billion for 2024, the company faced challenges in commercializing the SPOT project, which has not gained enough traction, impacting future revenue potential.
Crude Oil Export Decline: The company experienced a decline in crude oil exports, with current exports around 4 million barrels a day, significantly lower than the previously forecasted 7 to 8 million barrels a day for 2024.
Capital Investments Overview: The capital investments for the full year of 2024 totaled $5.5 billion, which included $3.9 billion for organic growth projects, indicating a high level of spending without corresponding revenue growth.
EPD FAQs
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EPD Earning Call Sentiment
Enterprise Products Partners L.P. (NYSE:EPD) Q4 2024 Earnings Call Transcript
EPD.N
2.17%Positive
The earnings call shows stable financial performance with slight growth in net income and cash flow but no significant year-over-year change in key metrics like EBITDA and DCF. The Q&A reveals cautious optimism for future growth and stable market conditions, but vague management responses about SPOT FID and permitting reform create uncertainty. The acquisition and capital investments are positives, but no strong catalysts for immediate stock price increase are evident. Overall, the sentiment is neutral, with potential for moderate movement depending on further developments.
