ENTERPRISE PRODUCTS PARTNERS L.P.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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11. Earnings Per Unit
Note 11. Earnings Per Unit
The following table presents our calculation of basic and diluted earnings per common unit for the periods indicated:
| For the Three MonthsEnded September 30, | For the Nine MonthsEnded September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| BASIC EARNINGS PER COMMON UNIT | ||||
| Net income attributable to common unitholders | $1,338 | $1,417 | $4,166 | $4,278 |
| Earnings allocated to phantom unit awards (1) | (12) | (14) | (39) | (41) |
| Net income allocated to common unitholders | $1,326 | $1,403 | $4,127 | $4,237 |
| Basic weighted-average number of common units outstanding | 2,164 | 2,169 | 2,166 | 2,170 |
| Basic earnings per common unit | $0.61 | $0.65 | $1.91 | $1.95 |
| DILUTED EARNINGS PER COMMON UNIT | ||||
| Net income attributable to common unitholders | $1,338 | $1,417 | $4,166 | $4,278 |
| Net income attributable to preferred units | 1 | 1 | 3 | 3 |
| Net income attributable to limited partners | $1,339 | $1,418 | $4,169 | $4,281 |
| Diluted weighted-average number of units outstanding: | ||||
| Distribution-bearing common units | 2,164 | 2,169 | 2,166 | 2,170 |
| Phantom units (2) | 20 | 21 | 21 | 21 |
| Preferred units (2) | 2 | 2 | 2 | 2 |
| Total | 2,186 | 2,192 | 2,189 | 2,193 |
| Diluted earnings per common unit | $0.61 | $0.65 | $1.90 | $1.95 |
(1)Phantom units are considered participating securities for purposes of computing basic earnings per unit. See Note 13 for information regarding our phantom units.
(2)We use the “if-converted method” to determine the potential dilutive effect of the vesting of phantom unit awards and the conversion of preferred units outstanding. See Note 13 for information regarding phantom unit awards. See Note 8 for information regarding preferred units.
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