-- Midstream services company Enterprise Product Partners (EPD) highlighted record natural gas inlet processing volumes in its Q1 results on Tuesday, helped by a 9% increase in plant inlet flows in the Permian Basin, to reach 8.3 billion cubic feet per day.
The company said marine terminal volumes also reached a record after climbing 15% to 2.3 million barrels per day while natural gas liquids output grew 16% to 1.9 million bpd.
It said a "strong start" to 2026 saw it break 12 operational records for volumes handled, helped by the start-up of new assets over the past year, such as the Bahia NGL pipeline, NGL fractionator 14 and three Permian natural gas processing plants.
Enterprise Product Partners brought the Mentone West 2 gas processing plant online during the quarter and announced plans for two 300 million cubic feet per day natural gas processing plants in the Midland and Delaware basins. Those two projects will increase gas processing capacity by 12%, it said.
Capital investments during the quarter totaled $988 million, with $783 million of that sum for growth capital projects and $205 million for sustaining capital expenditures, it said.
Guidance for growth capital spending in 2026 is seen between $2.3 billion and $2.6 billion net of proceeds coming from asset sales totaling $596 million, the company said.