Enterprise Products Partners Stock Slides as Fresh 10-Q Puts Revenue Drop Against Payout
Enterprise Products Partners units fell 1.4% to $37.19 Friday after a quarterly filing showed first-quarter revenue dropped to $14.39 billion from $15.42 billion, while net income rose to $1.48 billion. The company will pay a $0.55 per unit cash distribution on May 14. Enterprise reported record operational volumes and raised adjusted EBITDA 10% to $2.7 billion. Organic capital investments for 2026 are projected at $3.5–$3.8 billion.