Enterprise Products Partners (NYSE:EPD) is one of the cheap stocks to buy for the next 10 years.
On April 28, Enterprise Products Partners reported financial results for Q1 2026, highlighted by a net income of $1.5 billion and operating income of $1.9 billion, an 8% increase year-over-year
The partnership achieved an Adjusted EBITDA of $2.7 billion and generated $2.1 billion in operational distributable cash flow. Additionally, the company used $116 million for common unit repurchases as part of its ongoing $5.0 billion buyback program. The quarter was marked by 12 new operational records, including record natural gas processing inlet volumes of 8.3 Bcf/d and pipeline transportation volumes of 14.2 MMBPD.
Marine terminal volumes rose 15% to 2.3 MMBPD, and NGL fractionation volumes reached a record 1.9 MMBPD. These results were driven by the integration of new assets, such as the Mentone West 2 plant and the Bahia NGL pipeline, alongside high utilization rates at PDH facilities and increased demand for US energy exports. Pixabay/Public Domain Enterprise Products Partners (NYSE:EPD) continues to expand its footprint in the Permian Basin, announcing plans for two additional natural gas processing plants expected to begin service in 2027.