BUZZ - Pipeline operator Enterprise Products shares rise as core profit beats expectations
路透社2026/10/29 12:32October 29 - ** Shares of U.S. pipeline operator Enterprise Products (EPD.N) rose 1.05% to $38.4 in pre-market trading
** According to data compiled by London Stock Exchange Group (LSEG), the company reported an adjusted EBITDA of $2.8 billion for the third quarter, above analysts' expectations of $2.67 billion
** "Economic growth and volatility triggered by global geopolitical conflicts continue to drive strong international demand for U.S.-produced NGL, crude oil, petrochemical products, refined products, and gasoline additives from all our assets," said CEO A.J. Jim Teague
** The CEO stated that the company handled record volumes at its Permian Basin gas processing plants, NGL pipelines, natural gas pipelines, and ethane marine export terminal
** In the third quarter, Permian Basin natural gas processing inlet volumes rose to 4.6 Bcfpd, up 12% year-over-year; total natural gas processing inlet volumes climbed to 8.5 Bcfpd, up 6% from last year
** EPD expects 2026 growth capital expenditures (net of asset sales proceeds) to be between $2.9 billion and $3.4 billion
** Enterprise expects to complete the Houston LPG terminal expansion project and the Athena gas processing plant construction in the fourth quarter, thereby enhancing export and processing capacity
** As of the previous trading day's close, the stock had gained 18.71% so far this year
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