Enterprise Products Partners L.P. EPD is set to report third-quarter 2026 results on Oct. 29, before the opening bell.
In the last reported quarter, the partnership’s adjusted earnings of 84 cents per share beat the Zacks Consensus Estimate of 75 cents due to increased international demand, higher marketing margins and record system activity.
The partnership’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed it twice, delivering an average surprise of 1.5%. This is depicted in the graph below.
Enterprise Products Partners L.P. Price and EPS Surprise
Enterprise Products Partners L.P. Price and EPS Surprise
Enterprise Products Partners L.P. price-eps-surprise | Enterprise Products Partners L.P. Quote
Estimate Trend for EPD
The Zacks Consensus Estimate for third-quarter earnings per share (EPS) of 74 cents has seen no upward or downward revisions in the past seven days. The estimated figure indicates a 21.3% improvement from the prior-year reported figure.
The Zacks Consensus Estimate for revenues of $13.35 billion implies a 27.7% increase from the year-ago recorded figure.
Factors to Consider for EPD’s Q3 Results
Enterprise Products is a leading player in the midstream energy sector, with an extensive pipeline network spanning more than 50,000 miles, liquids storage facilities with more than 300 million barrels of storage capacity, deepwater docks, natural gas processing trains, fractionators, two propane dehydrogenation facilities and isobutane dehydrogenation facilities. The partnership stores and transports natural gas liquids (NGL), crude oil, natural gas, petrochemicals and refined products using its midstream assets. A large portion of its contracts are fee-based, with inflation protection provisions. Therefore, EPD likely generated stable cash flows in the September-end quarter of 2026.
For the third quarter, the Zacks Consensus Estimate for the NGL Pipelines and Services segment’s gross operating margin is $1,572 million, up from $1,369 million in the prior-year quarter. The estimate for the Crude Oil Pipelines and Services segment is pegged at $420 million compared with $377 million a year ago. However, the Natural Gas Pipelines & Services segment is expected to face pressure, with its gross operating margin estimated at $374 million, down from $402 million in the prior-year period.
Q3 Earnings Whispers for EPD Stock
Our proven model does not conclusively predict an earnings beat for EPD this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
Enterprise Products’ Earnings ESP: EPD has an Earnings ESP of -2.87%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank of EPD: Enterprise Products currently carries a Zacks Rank #2.
Stocks to Consider
Here are some energy stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
ExxonMobil Holdings Corporation XOM has an Earnings ESP of +6.03% and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM’s earnings is pegged at $3.90 per share, indicating a 107.5% improvement from the prior-year reported figure.
EOG Resources EOG has an Earnings ESP of +0.79% and carries a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5.
The Zacks Consensus Estimate for EOG’s earnings is pegged at $4.45 per share, suggesting a 64.2% improvement from the prior-year reported figure.
BP plc BP has an Earnings ESP of +7.13% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30.
The Zacks Consensus Estimate for BP’s earnings is pegged at $2.66 per share, suggesting a 212.9% increase from the prior-year reported figure.
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Enterprise Products Partners L.P. (EPD) : Free Stock Analysis Report
BP p.l.c. (BP) : Free Stock Analysis Report
ExxonMobil Holdings Corporation (XOM) : Free Stock Analysis Report
EOG Resources, Inc. (EOG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
