Enterprise Products Partners
Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, operating a fully integrated network of assets that connects producers of natural gas, NGLs, and crude oil with domestic and international markets. The company's value chain includes gathering, processing, transportation, fractionation, storage, and marine terminaling services. Its core proposition centers on leveraging a diversified asset base to provide essential infrastructure for the energy and petrochemical industries.
Financials
Based on Q1 2026 filing
Business Segments
NGL Pipelines & Services
primaryThis segment involves the transportation, fractionation, storage, and marine terminaling of natural gas liquids, including ethane and LPG exports. It serves as a critical link between NGL production in major basins and end-use markets.
Ethane, Liquefied Petroleum Gases (LPG), NGL Fractionation Services
Natural gas producers, Petrochemical manufacturers, International energy importers
Crude Oil Pipelines & Services
majorOperations focused on the gathering, transportation, storage, and marine terminaling of crude oil. The segment utilizes extensive pipeline networks to move crude from supply basins like the Permian to refineries and export hubs.
Crude Oil Transportation, Crude Oil Storage, Marine Terminaling
Oil producers, Refiners, Global crude traders
Natural Gas Pipelines & Services
majorProvides gathering, treating, processing, transportation, and storage services for natural gas. It facilitates the movement of dry gas to power plants, industrial users, and LNG export facilities.
Natural Gas Gathering, Natural Gas Processing, Natural Gas Storage
Natural gas producers, Electric utilities, LNG exporters
Petrochemical & Refined Products Services
moderateFocuses on the production of propylene and the transportation and storage of petrochemicals and refined products. This includes specialized facilities for butane isomerization and octane enhancement.
Polymer Grade Propylene (PGP), High Purity Isobutylene (HPIB), Butane Isomerization, Octane Enhancement
Chemical companies, Refiners, Industrial manufacturers
Segment Financials
NGL Pipelines & Services — Total Significant Segment Expenses
View metricNGL Pipelines & Services — Number of NGL gathering systems owned by investee
View metricNGL Pipelines & Services — Fixed operating costs and expenses
View metricCrude Oil Pipelines & Services — Consolidated total assets
View metricCrude Oil Pipelines & Services — Variable operating costs and expenses
View metricCrude Oil Pipelines & Services — Fixed operating costs and expenses
View metricNatural Gas Pipelines & Services — Fixed operating costs and expenses
View metricNatural Gas Pipelines & Services — Consolidated total assets
View metricNatural Gas Pipelines & Services — Variable operating costs and expenses
View metricPetrochemical & Refined Products Services — Consolidated total assets
View metricPetrochemical & Refined Products Services — Segment Gross Operating Margin
View metricPetrochemical & Refined Products Services — Other Segment Income (Expense), Net
View metricBusiness Overview
Competitive Position
A leading North American midstream provider with a highly integrated asset footprint that creates significant barriers to entry and operational synergies.
Geographies
United States, Canada, Gulf of Mexico
Customer Segments
Exploration and Production (E&P) companies, Refining companies, Petrochemical manufacturers, Utility companies
Upstream Dependencies
Oil and gas exploration and production activity, Steel and pipeline component manufacturers, Energy equipment providers
Downstream Customers
Petrochemical plants, Oil refineries, Electric power generators, International LPG and Ethane importers
Competitors & Partners
Competitors
Kinder Morgan
KMI
Natural gas and liquids infrastructure competitor
Targa Resources
TRGP
NGL and gathering/processing competitor
Energy Transfer
ET
Major diversified midstream competitor
MPLX
MPLX
Major midstream energy partnership competitor.
Oneok
OKE
Major integrated midstream competitor
Williams Companies
WMB
Competitor in NGL and midstream services
Enbridge
ENB
Competitor in liquids pipelines and midstream services
Plains All American Pipeline, L.P.
PAA
Crude oil midstream competitor
Atmos Energy
ATO
Pipeline and storage competitor
Subsidiaries
Enterprise Products Operating LLC
Primary operating subsidiary through which the partnership conducts business
Enterprise Products Holdings LLC
General partner of the partnership
Enterprise Products Partners FAQ
Common questions about Enterprise Products Partners
Enterprise Products Partners L.P. is a leading North American provider of midstream energy services, operating a fully integrated network of assets that connects producers of natural gas, NGLs, and crude oil with domestic and international markets. The company's value chain includes gathering, processing, transportation, fractionation, storage, and marine terminaling services. Its core proposition centers on leveraging a diversified asset base to provide essential infrastructure for the energy and petrochemical industries.
Enterprise Products Partners (EPD) has a market capitalization of $85.7B and trades on NYSE.
Enterprise Products Partners generated $51.6B in trailing twelve-month revenue with net income of $5.9B, representing a net margin of 11.4%, with free cash flow of $2.2B. These figures are based on the Q1 2026 filing.
Enterprise Products Partners's key competitors include Kinder Morgan, Inc., Targa Resources Corp., Energy Transfer LP, and others. These companies compete in similar markets and product categories.