Income StatementBalance SheetCash FlowSegments
Enterprise Products Partners logo

Enterprise Products Partners Business Segments

Business, geographic, and product segment breakdowns

Enterprise Products Partners generates $51.6B in annual revenue across 4 key segments: Crude Oil Pipelines & Services ($65.4B), Natural Gas Pipelines & Services ($5.1B), NGL Pipelines & Services ($82.5B), and Petrochemical & Refined Products Services ($28.5B). The company-wide operating margin is 14.35%. Based on the Q1 2026 filing.

Crude Oil Pipelines & Services (TTM)$65.4BNatural Gas Pipelines & Services (TTM)$5.1BNGL Pipelines & Services (TTM)$82.5BPetrochemical & Refined Products Services (TTM)$28.5B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$85.7B
P/E Ratio14.53
ROE19.62%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transportation$1.6B$1.1B$942.0M$972.0M$1.7B$1.2B
Storage and terminals$287.0M$263.0M$275.0M$266.0M$288.0M$294.0M

Business Segments

Intangible Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services$22.0M$21.0M$21.0M$21.0M$22.0M$23.0M
Natural Gas Pipelines & Services$17.0M$18.0M$18.0M$19.0M$20.0M$19.0M
NGL Pipelines & Services$11.0M$11.0M$12.0M$13.0M$13.0M$14.0M
Petrochemical & Refined Products Services$2.0M$2.0M$1.0M$2.0M$2.0M$2.0M

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$663.0M$635.0M$825.0M$1.1B$769.0M$492.0M
Natural Gas Pipelines & Services$236.0M$303.0M$327.0M$674.0M$324.0M$340.0M
Petrochemical & Refined Products Services$132.0M$101.0M$122.0M$152.0M$179.0M$124.0M
Crude Oil Pipelines & Services$28.0M$23.0M$25.0M$35.0M$29.0M$27.0M

Carrying Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Natural Gas Pipelines & Services$1.5B$1.5B—$1.6B$1.5B$1.5B
Crude Oil Pipelines & Services$1.6B$1.6B—$1.5B$1.5B$1.5B
NGL Pipelines & Services$786.0M$775.0M$763.0M$1.0B$1.0B$1.0B
Petrochemical & Refined Products Services$104.0M$102.0M$101.0M$99.0M$102.0M$100.0M

Consolidated total assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$21.9B$21.7B$22.5B$23.4B$25.0B$25.0B
Natural Gas Pipelines & Services$12.3B$12.3B—$13.0B$13.2B$13.1B
Petrochemical & Refined Products Services$11.4B$11.3B$11.3B$11.5B$11.7B$11.7B
Crude Oil Pipelines & Services$11.4B$11.3B—$11.2B$11.1B$11.2B

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$18.5B$20.4B$18.5B$19.1B$18.3B$18.4B
Crude Oil Pipelines & Services$16.4B$15.3B$13.7B$16.5B$16.0B$17.6B
Petrochemical & Refined Products Services$7.9B$10.2B$7.2B$5.5B$5.7B$7.1B
Natural Gas Pipelines & Services$550.0M$899.0M$644.0M$616.0M$587.0M$754.0M

Equity in income of unconsolidated affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services$73.0M$72.0M$72.0M$68.0M$59.0M$54.0M
NGL Pipelines & Services$33.0M$20.0M$18.0M$21.0M$24.0M$19.0M
Natural Gas Pipelines & Services$0.0$2.0M$0.0$2.0M$1.0M$2.0M
Petrochemical & Refined Products Services$0.0$0.0$2.0M-$1.0M$1.0M$1.0M

Finite-Lived Intangible Assets, Accumulated Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services$905.0M$926.0M$947.0M$968.0M$990.0M$1.0B
Natural Gas Pipelines & Services$890.0M$908.0M$926.0M$945.0M$965.0M$984.0M
NGL Pipelines & Services$417.0M$428.0M$440.0M$453.0M$466.0M$480.0M
Petrochemical & Refined Products Services$122.0M$124.0M$125.0M$127.0M$129.0M$131.0M

Fixed operating costs and expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$428.0M$423.0M$442.0M$456.0M$429.0M$477.0M
Petrochemical & Refined Products Services$292.0M$294.0M$283.0M$282.0M$270.0M$292.0M
Natural Gas Pipelines & Services$184.0M$177.0M$195.0M$194.0M$192.0M$192.0M
Crude Oil Pipelines & Services$104.0M$101.0M$88.0M$116.0M$103.0M$121.0M

Goodwill, impaired, accumulated impairment loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services————$0.0—
Onshore Natural Gas Pipelines And Services$296.0M———$296.0M—
NGL Pipelines & Services————$0.0—
Petrochemical And Refined Products Services$1.0M———$1.0M—

Gross Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Natural Gas Pipelines & Services$2.4B$2.4B—$2.5B$2.5B$2.5B
Crude Oil Pipelines & Services$2.5B$2.5B—$2.5B$2.5B$2.5B
NGL Pipelines & Services$1.2B$1.2B$1.2B$1.5B$1.5B$1.5B
Petrochemical & Refined Products Services$226.0M$226.0M$226.0M$226.0M$231.0M$231.0M

Investments in unconsolidated affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B
NGL Pipelines & Services$598.0M$586.0M$578.0M$573.0M$572.0M$566.0M
Natural Gas Pipelines & Services$30.0M$32.0M$32.0M$31.0M$31.0M$31.0M
Petrochemical & Refined Products Services$3.0M$3.0M$1.0M$2.0M$1.0M$2.0M

Other Segment Income (Expense), Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Crude Oil Pipelines & Services$76.0M$74.0M$78.0M$73.0M$68.0M$67.0M
NGL Pipelines & Services$32.0M$56.0M$20.0M$23.0M$26.0M$46.0M
Petrochemical & Refined Products Services$20.0M$1.0M$3.0M$5.0M$7.0M$5.0M
Natural Gas Pipelines & Services$1.0M$2.0M$3.0M$3.0M$4.0M$1.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$20.7B$22.4B$20.4B$21.0B$20.5B$20.6B
Crude Oil Pipelines & Services$16.9B$15.7B$14.1B$16.9B$16.4B$18.0B
Petrochemical & Refined Products Services$8.6B$10.9B$7.9B$6.2B$6.5B$7.9B
Natural Gas Pipelines & Services$1.1B$1.5B$1.3B$1.2B$1.2B$1.5B

Segment Gross Operating Margin

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services154800000000.0%141800000000.0%129700000000.0%130300000000.0%154100000000.0%150300000000.0%
Natural Gas Pipelines & Services32300000000.0%35700000000.0%41700000000.0%33900000000.0%44500000000.0%49600000000.0%
Crude Oil Pipelines & Services41700000000.0%37400000000.0%40300000000.0%37100000000.0%35300000000.0%32900000000.0%
Petrochemical & Refined Products Services34800000000.0%31500000000.0%35400000000.0%37000000000.0%39700000000.0%31400000000.0%

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$0.0-$36.0M-$2.0M-$2.0M-$2.0M-$27.0M
Crude Oil Pipelines & Services-$3.0M-$2.0M-$6.0M-$5.0M-$9.0M-$13.0M
Petrochemical & Refined Products Services-$20.0M-$1.0M-$1.0M-$6.0M-$6.0M-$4.0M
Natural Gas Pipelines & Services-$1.0M$0.0-$3.0M-$1.0M-$3.0M$1.0M

Total impairment charges for property, plant and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Onshore Crude Oil Pipelines And Services$0.0$1.0M$1.0M$1.0M$1.0M—
Onshore Natural Gas Pipelines And Services$1.8M$2.8M$2.8M$2.8M$2.8M—
Ngl Pipelines And Services$7.0M$3.5M$3.5M$3.5M$3.5M—
Petrochemical And Refined Products Services$3.8M$4.0M$4.0M$4.0M$4.0M—

Total Significant Segment Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$19.2B$21.1B$19.1B$19.8B$19.0B$19.1B
Crude Oil Pipelines & Services$16.6B$15.4B$13.8B$16.6B$16.1B$17.8B
Petrochemical & Refined Products Services$8.3B$10.6B$7.5B$5.9B$6.1B$7.6B
Natural Gas Pipelines & Services$753.0M$1.1B$859.0M$831.0M$793.0M$964.0M

Variable operating costs and expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services$214.0M$199.0M$204.0M$219.0M$222.0M$221.0M
Petrochemical & Refined Products Services$107.0M$106.0M$107.0M$118.0M$122.0M$132.0M
Crude Oil Pipelines & Services$30.0M$35.0M$34.0M$36.0M$35.0M$37.0M
Natural Gas Pipelines & Services$19.0M$22.0M$20.0M$21.0M$14.0M$18.0M

Number of NGL gathering systems owned by investee

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NGL Pipelines & Services————$2.0—