Enterprise Products Partners (EPD) reported Q2 earnings Thursday, showing record equivalent pipeline transportation volumes of 14.7 million barrels per day, up from 13.6 million b/d a year earlier.
Net pipeline transportation volumes for natural gas liquids, crude oil, petrochemicals and refined products increased to 9.1 million b/d for the quarter ended June 30, up from 8.2 million b/d a year earlier.
Net natural gas pipeline transportation volumes rose to 21,048 billion British thermal units per day from 20,405 billion Btu/d a year earlier, according to the company.
Net marine terminal volumes for natural gas liquids, crude oil, refined products and petrochemicals increased to 2.8 million b/d, up from 2.1 million b/d in the year-ago quarter, Enterprise Products said.
Within the natural gas liquids segment, natural gas liquids pipeline transportation volumes increased to 4.9 million b/d in Q2, up from 4.6 million b/d a year earlier. Natural gas liquids marine terminal volumes rose to 1.2 million b/d, up from 942,000 b/d.
Natural gas liquids fractionation volumes increased to 1.9 million b/d from 1.7 million b/d a year earlier, while equity natural gas liquids-equivalent production volumes rose to 230,000 b/d from 214,000 b/d.
Fee-based natural gas processing volumes increased to 7.5 billion cubic feet per day from 7.3 Bcf/d a year earlier, while natural gas processing inlet volumes rose to 8.6 Bcf/d from 8.5 Bcf/d, according to the company.
Within the crude oil pipeline segment, crude oil pipeline transportation volumes increased to 3 million b/d for Q2, up from 2.6 million b/d a year earlier. Crude oil marine terminal volumes rose to 1.1 million b/d from 811,000 b/d, according to the company.
Within the petrochemical and refined products services segment, propylene production volumes increased to 134,000 b/d, up from 118,000 b/d a year earlier. Butane isomerization volumes declined to 115,000 b/d from 122,000 b/d, according to the company.
Standalone DIB processing volumes increased to 228,000 b/d from 186,000 b/d a year earlier. Octane enhancement and related plant sales volumes edged down to 37,000 b/d from 39,000 b/d, the company said.
Pipeline transportation volumes, primarily refined products and petrochemicals, rose to 1.2 million b/d in the quarter from 1 million b/d a year earlier, according to the company, while refined products and petrochemicals marine terminal volumes increased to 422,000 b/d from 328,000 b/d a year earlier, Enterprise Products said.
The company expects 2026 growth capital spending, net of asset-sale proceeds, to range between $2.9 billion to $3.4 billion, alongside about $600 million in sustaining capital expenditures.
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