Enterprise Products Partners (EPD) Investor presentation summary

Strategic positioning and value proposition

• Maintains an A-rated balance sheet, 28 years of distribution growth, and a 6% yield.

• Integrated, diversified midstream platform with critical energy infrastructure across NGLs, crude oil, natural gas, and petrochemicals.

• 33% of common units owned by management and affiliates, aligning interests with unitholders.

• $65B returned to unitholders since IPO through distributions and buybacks.

• Focused on long-term capital efficiency, balance sheet strength, and responsible capital returns.

Financial performance and capital allocation

• Achieved an average 12% return on invested capital over the last decade, with recent years at 13%.

• $6.5B in major growth capital projects under construction, supporting future cash flows.

• Expanded buyback program to $5B, with $1.7B in repurchases and $5.2B returned to unitholders in TTM 2Q 2026.

• 28 consecutive years of distribution growth, with $65B returned via distributions and buybacks.

• Maintains a leverage ratio of 3.0x and a 4.7% weighted-average cost of debt.

Growth projects and operational expansion

• $2.9–$3.4B expected organic growth spending in 2026, net of $0.6B asset sale proceeds.

• Major projects include new gas processing plants, NGL pipelines, fractionators, and export terminal expansions through 2029.

• Strategic acquisitions in the Midland and Delaware Basins expand gathering, treating, and processing capacity.

• Bahia pipeline expansion and extension increases capacity and market connectivity.

• Gulf Coast export expansions enhance LPG, ethane, and ethylene export capabilities.