Enterprise Products Partners Seen Posting Strong Q2 on Higher Liquids Margins Export Demand, RBC Says

MT Newswires Live07-01 23:04

Enterprise Products Partners (EPD) is likely to report a strong Q2, helped by wider margins on natural gas liquids and firm demand for export cargoes, RBC Capital Markets said Tuesday in a report.

Enterprise is also expected to benefit from improved economics for converting normal butane into higher-value gasoline blendstock, which strengthened during the quarter, the report said.

RBC raised its Q2 adjusted EBITDA estimate to $2.69 billion, citing better commodity pricing and stronger marketing results. It also increased its 2026 adjusted EBITDA forecast to $10.77 billion from $10.69 billion, and its 2027 outlook to $11.32 billion from $11.28 billion.

Q2 results are expected around July 28.

RBC said it will listen for updates on export volumes, activity levels at Enterprise's liquids-processing plants, pipeline utilization, and any comments on whether current pricing trends may extend into H2.

RBC maintained its outperform rating on Enterprise stock and its $42 price target.

Price: 36.62, Change: -0.14, Percent Change: -0.39

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