Financials Enterprise Products Partners L.P.

Equities

EPD

US2937921078

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 04:00:02 2025-03-14 pm EDT			5-day change	1st Jan Change
33.59 ^USD	+1.88%		+0.39%	+7.11%

Feb. 27	Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended	RE
Feb. 20	Sentinel Midstream eyes final investment decision for US oil export project	RE

Projected Income Statement: Enterprise Products Partners L.P.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	27,200	40,807	58,186	49,715	56,219	58,635	60,789	69,136
Change	-	50.03%	42.59%	-14.56%	13.08%	4.3%	3.68%	13.73%
EBITDA ¹	8,056	8,381	9,309	9,318	9,899	10,387	10,838	11,215
Change	-	4.04%	11.07%	0.1%	6.24%	4.93%	4.34%	3.48%
EBIT ¹	5,035	6,104	6,907	6,929	7,338	7,825	8,152	8,441
Change	-	21.22%	13.16%	0.32%	5.9%	6.64%	4.18%	3.54%
Interest Paid ¹	-1,287	-1,283	-1,244	-1,269	-1,352	-1,396	-1,396	-1,401
Earnings before Tax (EBT) ¹	3,761	4,825	5,697	5,701	6,035	6,476	6,741	7,145
Change	-	28.28%	18.07%	0.07%	5.86%	7.31%	4.08%	6%
Net income ¹	3,775	4,634	5,487	5,529	5,897	6,288	6,593	6,949
Change	-	22.77%	18.4%	0.77%	6.66%	6.62%	4.85%	5.41%
Announcement Date	2/3/21	2/1/22	2/1/23	2/1/24	2/4/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	7,482	5,751	6,922	7,044	9,155	9,450	10,831	11,370	13,008	16,060	15,468	13,650	12,444	10,651	11,998	14,622	14,760	13,483	13,775	14,201	14,207	14,169	15,120	15,822	15,828	15,037	15,462	16,653
Change	-	-23.14%	20.36%	1.77%	29.97%	3.22%	14.62%	4.98%	14.4%	23.46%	-3.69%	-11.75%	-8.84%	-14.41%	12.65%	21.87%	0.94%	-8.65%	2.17%	3.09%	0.04%	-0.27%	6.71%	4.64%	0.04%	-5%	2.83%	7.7%
EBITDA ¹	1,979	1,961	2,060	2,056	2,246	2,008	2,015	2,112	2,257	2,418	2,258	2,376	2,321	2,171	2,327	2,499	2,469	2,389	2,442	2,599	2,556	2,521	2,594	2,687	2,704	2,630	2,734	2,798
Change	-	-0.9%	5.05%	-0.22%	9.24%	-10.58%	0.36%	4.81%	6.85%	7.13%	-6.62%	5.23%	-2.31%	-6.46%	7.19%	7.39%	-1.2%	-3.24%	2.22%	6.43%	-1.66%	-1.35%	2.88%	3.59%	0.63%	-2.76%	3.95%	2.36%
EBIT ¹	1,508	1,437	1,382	708.2	1,694	1,493	1,513	1,404	1,666	1,764	1,712	1,765	1,734	1,579	1,695	1,921	1,822	1,765	1,780	1,971	1,956	1,896	1,945	2,031	2,103	1,932	2,045	2,144
Change	-	-4.71%	-3.79%	-48.77%	139.27%	-11.92%	1.37%	-7.24%	18.7%	5.88%	-2.95%	3.1%	-1.76%	-8.94%	7.35%	13.33%	-5.15%	-3.13%	0.85%	10.73%	-0.75%	-3.08%	2.57%	4.41%	3.55%	-8.14%	5.87%	4.85%
Charge d'intérêts ¹	-317.5	-320.2	-320.5	-329.2	-322.8	-316.1	-315.9	-328.2	-319	-309	-309	-307	-314	-302	-328	-325	-331	-332	-343	-346	-342	-341.4	-342.4	-344.1	-326.9	-326.9	-326.9	-326.9
Earnings before Tax (EBT) ¹	1,196	1,120	1,065	380.2	1,373	1,177	1,198	1,077	1,350	1,457	1,410	1,480	1,432	1,296	1,372	1,601	1,504	1,437	1,451	1,643	1,613	1,521	1,589	1,678	1,737	1,566	1,679	1,779
Change	-	-6.3%	-4.96%	-64.3%	261.02%	-14.24%	1.78%	-10.09%	25.31%	7.93%	-3.23%	4.96%	-3.24%	-9.5%	5.86%	16.69%	-6.06%	-4.45%	0.97%	13.23%	-1.85%	-5.66%	4.44%	5.64%	3.48%	-9.85%	7.22%	5.97%
Net income ¹	1,350	1,035	1,053	337.3	1,340	1,112	1,153	1,028	1,296	1,411	1,360	1,420	1,390	1,253	1,318	1,568	1,456	1,405	1,417	1,619	1,567	1,505	1,537	1,626	1,659	1,550	1,663	1,731
Change	-	-23.36%	1.73%	-67.96%	297.39%	-17.02%	3.66%	-10.81%	26.02%	8.87%	-3.61%	4.41%	-2.11%	-9.86%	5.19%	18.97%	-7.14%	-3.5%	0.85%	14.26%	-3.23%	-3.93%	2.1%	5.81%	2.05%	-6.58%	7.28%	4.1%
Announcement Date	4/29/20	7/29/20	10/28/20	2/3/21	5/3/21	7/28/21	11/2/21	2/1/22	5/2/22	8/3/22	11/1/22	2/1/23	5/2/23	8/1/23	10/31/23	2/1/24	4/30/24	7/30/24	10/29/24	2/4/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Enterprise Products Partners L.P.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	28,708	26,716	28,089	28,428	31,058	31,815	30,601	30,118
Change	-	-6.94%	5.14%	1.21%	9.25%	2.44%	-3.82%	-1.58%
Announcement Date	2/3/21	2/1/22	2/1/23	2/1/24	2/4/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Enterprise Products Partners L.P.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,288	2,223	1,964	3,266	4,544	4,487	3,043	3,878
Change	-	-32.38%	-11.66%	66.29%	39.13%	-1.25%	-32.19%	27.45%
Free Cash Flow (FCF) ¹	2,670	6,297	6,159	4,256	2,666	4,106	6,209	6,657
Change	-	135.79%	-2.19%	-30.9%	-37.36%	54.01%	51.21%	7.21%
Announcement Date	2/3/21	2/1/22	2/1/23	2/1/24	2/4/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Enterprise Products Partners L.P.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	29.62%	20.54%	16%	18.74%	17.61%	17.72%	17.83%	16.22%
EBIT Margin (%)	18.51%	14.96%	11.87%	13.94%	13.05%	13.35%	13.41%	12.21%
EBT Margin (%)	13.83%	11.82%	9.79%	11.47%	10.73%	11.05%	11.09%	10.33%
Net margin (%)	13.88%	11.36%	9.43%	11.12%	10.49%	10.72%	10.85%	10.05%
FCF margin (%)	9.82%	15.43%	10.59%	8.56%	4.74%	7%	10.21%	9.63%
FCF / Net Income (%)	70.74%	135.88%	112.25%	76.98%	45.21%	65.3%	94.18%	95.79%
Profitability
ROA	6%	7.04%	8.09%	7.95%	7.96%	8%	7.9%	8%
ROE	15.39%	18.67%	21.12%	20.37%	20.91%	20.89%	21.08%	20.96%
Financial Health
Leverage (Debt/EBITDA)	3.56x	3.19x	3.02x	3.05x	3.14x	3.06x	2.82x	2.69x
Debt / Free cash flow	10.75x	4.24x	4.56x	6.68x	11.65x	7.75x	4.93x	4.52x
Capital Intensity
CAPEX / Current Assets (%)	12.09%	5.45%	3.38%	6.57%	8.08%	7.65%	5.01%	5.61%
CAPEX / EBITDA (%)	40.81%	26.53%	21.1%	35.05%	45.9%	43.2%	28.07%	34.58%
CAPEX / FCF (%)	123.12%	35.31%	31.89%	76.74%	170.44%	109.29%	49.01%	58.26%
Items per share
Cash flow per share ¹	2.675	3.864	3.656	3.45	3.702	4.001	4.21	4.34
Change	-	44.41%	-5.38%	-5.63%	7.31%	8.06%	5.23%	3.09%
Dividend per Share ¹	1.785	1.815	1.905	2.005	2.1	2.191	2.306	2.432
Change	-	1.68%	4.96%	5.25%	4.74%	4.33%	5.26%	5.47%
Book Value Per Share ¹	11.14	11.64	12.26	12.76	13.27	13.95	14.77	15.67
Change	-	4.5%	5.38%	4.07%	3.95%	5.12%	5.88%	6.15%
EPS ¹	1.71	2.1	2.5	2.52	2.69	2.902	3.043	3.198
Change	-	22.81%	19.05%	0.8%	6.75%	7.9%	4.84%	5.1%
Nbr of stocks (in thousands)	2,182,881	2,182,130	2,175,570	2,171,879	2,167,575	2,165,700	2,165,700	2,165,700
Announcement Date	2/3/21	2/1/22	2/1/23	2/1/24	2/4/25	-	-	-