EPD expands repurchase authorization to $5.0B; remaining $3.6B

Rhea-AI Filing Summary

Enterprise Products Partners L.P. increased its multi-year 2019 common unit buyback authorization from $2.0 billion to $5.0 billion. After the increase, the remaining available capacity under the program is $3.6 billion. The program permits repurchases from time to time, including open market and negotiated transactions.

The Partnership also furnished a press release with financial and operating results for the three months ended September 30, 2025, and plans a webcast conference call to discuss those results. The buyback expansion was announced on October 30, 2025.

Insights

Capital Allocation Analyst

Buyback authorization raised to $5.0B; $3.6B capacity remains. Earnings release furnished.

Enterprise Products Partners expanded its 2019 unit repurchase authorization from $2.0B to $5.0B on October 30, 2025. This provides capacity to repurchase up to the authorized aggregate purchase price over time using open market or negotiated transactions.

Prior to the change, available capacity was $613 million as of September 30, 2025; the increase sets current remaining capacity at $3.6 billion. Actual repurchases will depend on management decisions and market conditions as allowed by the program.

The company also furnished Q3 results for the period ended September 30, 2025 via press release, with a webcast to discuss those results. Subsequent filings may provide specifics on execution under the expanded authorization.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

FAQ

What did EPD announce regarding its buyback program?

EPD increased its 2019 common unit buyback authorization from $2.0 billion to $5.0 billion on October 30, 2025.

How much buyback capacity does EPD have now?

After the increase, remaining available capacity under the 2019 buyback program is $3.6 billion.

What was EPD’s buyback capacity before the increase?

As of September 30, 2025, remaining capacity was $613 million.

How can EPD repurchase common units under the program?

Repurchases may occur from time to time, including through open market purchases and negotiated transactions.

Did EPD provide earnings information with this announcement?

Yes. EPD furnished a press release with financial and operating results for the three months ended September 30, 2025 and will host a webcast.

Which form reported these updates for EPD (NYSE: EPD)?

An 8-K reported the buyback increase and furnished the Q3 2025 earnings press release.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Accepted by SEC EDGAR 10/29/2025 - 05:50 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 30, 2025

ENTERPRISE PRODUCTS PARTNERS L.P.

(Exact Name of Registrant as Specified in Charter)

Delaware			1-14323			76-0568219
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

1100 Louisiana Street, 10th Floor, Houston, Texas			77002
(Address of Principal Executive Offices)			(Zip Code)

Registrant’s telephone number, including area code: (713) 381-6500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of Each Class			Trading Symbol(s)			Name of Each Exchange On Which Registered
Common Units			EPD			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On October 30, 2025, Enterprise Products Partners L.P. (“Enterprise” or the “Partnership”) (NYSE:EPD) issued a press release announcing its financial and operating results for the three months ended September 30, 2025, and will hold a webcast conference call discussing those results. A copy of the earnings press release is furnished as Exhibit 99.1 to this Current Report, which is hereby incorporated by reference into this Item 2.02.

Item 8.01 Other Events.

As previously disclosed, in January 2019, the Partnership announced that the board of directors of its general partner (the “Board”) had approved a $2.0 billion multi-year common unit buyback program (the “2019 Buyback Program”), which provides the Partnership with an additional method to return capital to investors. The 2019 Buyback Program authorizes the Partnership to repurchase its common units from time to time, including through open market purchases and negotiated transactions. At September 30, 2025, the remaining available capacity under the 2019 Buyback Program was $613 million.

On October 30, 2025, the Partnership announced that the Board increased the authorized maximum aggregate purchase price (excluding fees, commissions and other ancillary expenses) of the Partnership’s common units that may be repurchased in the 2019 Buyback Program from $2.0 billion to $5.0 billion. After giving effect to this increase, the remaining available capacity under the 2019 Buyback Program is $3.6 billion.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description
99.1			Enterprise Products Partners L.P. earnings press release dated October 30, 2025.
104			Cover Page Interactive Data File–the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			ENTERPRISE PRODUCTS PARTNERS L.P.
			By:			Enterprise Products Holdings LLC,    its General Partner
			Date: October 30, 2025			By:			/s/ R. Daniel Boss
			Name:			R. Daniel Boss
			Title:			Executive Vice President and Chief Financial Officer of Enterprise Products Holdings LLC

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