Industrials · Oil & Gas Pipelines
Enterprise Products Partners L.P.
$37.81 +0.65 (+1.75%) Pre-market $37.25 (+0.24%) ≈ ₹3,549 a share
Key numbers
- Market value
- $81.54B
- P/E (TTM)
- 12.5
- Forward P/E
- 12.5
- EPS (TTM)
- $3.02
- Dividend yield
- 5.92%
- Beta
- 0.46
- Day range
- $37.20 – $37.82
- 52-week range
- $31.35 – $40.17
- Volume
- 577,258
- 10-day avg volume
- $4.42M
- Revenue (TTM)
- $64.40B
- EBITDA (TTM)
- $11.38B
- Gross margin
- 19.8%
- Net margin
- 10.3%
- Return on equity
- 21.9%
- Debt / equity
- 110.6%
- Price / sales
- 1.27
- Shares out
- 2.16B
Quarterly results
Results for each quarter
Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.
Revenue and net income
Revenue · QoQ (vs last quarter)
Revenue · YoY (vs a year ago)
Net income · QoQ (vs last quarter)
Net income · YoY (vs a year ago)
| US$ | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.62B | $14.76B | $13.48B | $13.78B | $14.20B | $15.42B | $11.36B | $12.02B | $13.79B | $14.39B | $18.27B | $17.95B |
| Cost of revenue | $11.23B | $11.41B | $10.18B | $10.39B | $10.60B | $12.01B | $7.90B | $8.59B | $10.07B | $10.68B | $14.16B | $13.99B |
| Gross profit | $3.40B | $3.36B | $3.30B | $3.39B | $3.60B | $3.41B | $3.46B | $3.43B | $3.72B | $3.71B | $4.11B | $3.96B |
| Gross margin | 23.2% | 22.7% | 24.5% | 24.6% | 25.3% | 22.1% | 30.5% | 28.6% | 27.0% | 25.8% | 22.5% | 22.0% |
| Operating income | $1.92B | $1.82B | $1.77B | $1.78B | $1.97B | $1.76B | $1.80B | $1.69B | $2.02B | $1.90B | $2.25B | $1.99B |
| Operating margin | 13.1% | 12.3% | 13.1% | 12.9% | 13.9% | 11.4% | 15.8% | 14.0% | 14.7% | 13.2% | 12.3% | 11.1% |
| Interest expense | $325.00M | $331.00M | $332.00M | $343.00M | $346.00M | $340.00M | $332.00M | $354.00M | $375.00M | $385.00M | $384.00M | $385.00M |
| Pre-tax income | $1.60B | $1.50B | $1.44B | $1.45B | $1.64B | $1.43B | $1.47B | $1.34B | $1.66B | $1.52B | $1.87B | $1.66B |
| Income tax | $-1.00M | $21.00M | $15.00M | $19.00M | $10.00M | $24.00M | $16.00M | $-13.00M | $-4.00M | $22.00M | $12.00M | $17.00M |
| Net income | $1.57B | $1.46B | $1.41B | $1.42B | $1.62B | $1.39B | $1.44B | $1.34B | $1.64B | $1.48B | $1.84B | $1.62B |
| Net margin | 10.7% | 9.9% | 10.4% | 10.3% | 11.4% | 9.0% | 12.6% | 11.1% | 11.9% | 10.3% | 10.1% | 9.0% |
Income statement
Results for each year
8 fiscal years from the company's 10-K filings with the US SEC.
Revenue, gross profit and net income
Revenue · YoY (vs a year ago)
Net income · YoY (vs a year ago)
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.53B | $32.79B | $27.20B | $40.81B | $58.19B | $49.72B | $56.22B | $52.60B |
| Revenue growth | — | -10.3% | -17.0% | 50.0% | 42.6% | -14.6% | 13.1% | -6.4% |
| Cost of revenue | $26.79B | $22.07B | $16.72B | $29.89B | $45.84B | $37.02B | $42.58B | $38.57B |
| Gross profit | $9.74B | $10.72B | $10.48B | $10.92B | $12.35B | $12.69B | $13.64B | $14.03B |
| Gross margin | 26.7% | 32.7% | 38.5% | 26.8% | 21.2% | 25.5% | 24.3% | 26.7% |
| Operating income | $5.41B | $6.08B | $5.04B | $6.10B | $6.91B | $6.93B | $7.34B | $7.27B |
| Operating margin | 14.8% | 18.5% | 18.5% | 15.0% | 11.9% | 13.9% | 13.1% | 13.8% |
| Depreciation & amortisation | $1.79B | $1.95B | $2.07B | — | — | — | — | — |
| Interest expense | $1.10B | $1.24B | $1.29B | $1.28B | $1.24B | $1.27B | $1.35B | $1.40B |
| Pre-tax income | $4.30B | $4.73B | $3.76B | $4.83B | $5.70B | $5.70B | $6.04B | $5.90B |
| Income tax | $60.30M | $45.60M | $-124.00M | $70.00M | $82.00M | $44.00M | $65.00M | $23.00M |
| Tax rate | 1.4% | 1.0% | -3.3% | 1.5% | 1.4% | 0.8% | 1.1% | 0.4% |
| Net income | $4.17B | $4.59B | $3.78B | $4.63B | $5.49B | $5.53B | $5.90B | $5.81B |
| Net margin | 11.4% | 14.0% | 13.9% | 11.4% | 9.4% | 11.1% | 10.5% | 11.0% |
Balance sheet
Assets and debt
At each fiscal year end.
Equity, debt and cash
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $344.80M | $334.70M | $1.06B | $2.82B | $76.00M | $180.00M | $583.00M | $969.00M |
| Current assets | $6.06B | $7.86B | $9.91B | $13.27B | $10.60B | $12.25B | $15.13B | $13.36B |
| Total assets | $56.97B | $61.73B | $64.11B | $67.53B | $68.11B | $70.98B | $77.17B | $77.90B |
| Current liabilities | $7.17B | $9.13B | $8.99B | $11.63B | $12.27B | $13.13B | $15.18B | $12.83B |
| Long-term debt | $24.68B | $25.64B | $28.54B | $28.14B | $26.55B | $27.45B | $30.75B | $32.77B |
| Short-term debt | $1.50B | $1.98B | $1.33B | $1.40B | $1.74B | $1.30B | $1.15B | $1.63B |
| Total debt | $26.18B | $27.63B | $29.87B | $29.54B | $28.30B | $28.75B | $31.90B | $34.40B |
| Current ratio | 0.85 | 0.86 | 1.10 | 1.14 | 0.86 | 0.93 | 1.00 | 1.04 |
Cash flow
Cash coming in and going out
Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.
Free cash flow and shareholder returns
Operating cash flow · YoY (vs a year ago)
Free cash flow · YoY (vs a year ago)
| US$ | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $6.13B | $6.52B | $5.89B | $8.51B | $8.04B | $7.57B | $8.12B | $8.59B |
| Capital spending | $-4.22B | $-4.53B | $-3.29B | $-2.22B | $-1.96B | $-3.27B | $-4.54B | $-5.62B |
| Free cash flow | $1.90B | $1.99B | $2.60B | $6.29B | $6.08B | $4.30B | $3.57B | $2.97B |
| FCF margin | 5.2% | 6.1% | 9.6% | 15.4% | 10.4% | 8.7% | 6.4% | 5.6% |
| Cash from investing | $-4.28B | $-4.58B | $-3.12B | $-2.14B | $-4.95B | $-3.20B | $-5.43B | $-5.49B |
| Cash from financing | $-1.50B | $-1.95B | $-2.02B | $-4.57B | $-5.84B | $-4.26B | $-2.16B | $-2.69B |
| Share buybacks | $-30.80M | $-81.10M | $-186.00M | $-214.00M | $-250.00M | $-188.00M | $-219.00M | $-300.00M |
About
About Enterprise Products Partners L.P.
Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. They acquired GulfTerra in September 2004. The company ranked No. 89 in the 2026 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010, when his heirs, including his widow and children inherited his stake.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- Enterprise Products Partners L.P.
- Ticker
- EPD
- Exchange
- NYSE
- ISIN
- US2937921078
- SEC CIK
- 0001061219
- Other tickers
- EPDU
- Sector
- Industrials
- Industry
- Oil & Gas Pipelines
- SEC industry (SIC)
- Natural Gas Transmission (4922)
- Incorporated in
- Delaware
- Financial year ends
- 31 December
- Filer type
- Large accelerated filer
- Latest annual report (10-K)
- 27 Feb 2026
- CEO
- A. James Teague and W. Randall Fowler
- Chair
- Randa Duncan Williams
- Headquarters
- Houston
- Address
- 1100 Louisiana 10th Floor, Houston, Tx 77002
- Founded
- 1968
- Employees
- 8,000
- Formerly known as
- Enterprises Products Partners L P
- Trades in
- US dollars (USD)
- Website
- enterpriseproducts.com
News
Latest news
From Google News; each link opens the publisher's story.
Peers
Others in Industrials
Quotes from CNBC (may be delayed), financials from SEC EDGAR, profile from global-stock-logos (MIT). Information only, not investment advice.