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Enterprise Products Partners

EPD

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.

Market cap
$81.78B+19.7%
Revenue$51.6B-9.3%
Net income$5.9B+1.1%
Free cash flow$2.4B-35.7%
EPS (diluted)$2.71+1.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 27, 2026 (In 2 weeks)
Revenue estimate$13.6B
EPS estimate$0.74

Financials

Q1 2026

Income statement

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Revenue$14.4B-6.7%
Operating income$1.9B+7.6%
Net income$1.5B+6.4%
EPS (diluted)$0.68+6.3%

Balance sheet

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Cash & equivalents$394.0M-13.2%
Total debt$34.4B+7.3%
Total equity$30.3B+1.9%
Total assets$80.6B+6.8%

Cash flow

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Operating cash flow$1.5B-36.5%
CapEx$983.0M-7.4%
Free cash flow$486.0M-61.2%

Valuation & ratios

Valuation

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Market cap$81.78B+19.7%
Enterprise value$115.77B+15.3%
P/E13.9×+2.2×
P/S1.6×+0.3×

Profitability

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Operating margin14.4%+1.6pp
Net margin11.4%+1.2pp
FCF margin4.7%-1.9pp

Returns & leverage

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Return on equity19.6%-0.4pp
Debt / equity1.1×+0.1×
Current ratio0.9×+0.1×

Segments

By segment

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NGL Pipelines & Services$20.6B-8.2%
Crude Oil Pipelines & Services$18.0B+14.5%
Petrochemical & Refined Products Services$7.9B-27.6%
Natural Gas Pipelines & Services$1.5B+0.4%

By product

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Transportation$1.2B+4.1%
Storage and terminals$294.0M

Competitors

Profile

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.

Competitive position

A leading North American midstream provider with a highly integrated asset footprint that creates significant barriers to entry and operational synergies.

GeographiesUnited States, Canada, Gulf of Mexico
Customer segmentsExploration and Production (E&P) companies, Refining companies, Petrochemical manufacturers, Utility companies
Business modelFee-based infrastructure, Volume-based processing, Commodity marketing and trading
SuppliersOil and gas exploration and production activity, Steel and pipeline component manufacturers, Energy equipment providers
CustomersPetrochemical plants, Oil refineries, Electric power generators, International LPG and Ethane importers
Listed1998
CEOA. James Teague
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Enterprise Products Partners's market cap?
Enterprise Products Partners (EPD) has a market capitalization of $81.8B and trades on NYSE.
What is Enterprise Products Partners's revenue and profitability?
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 $2.4B. These figures are based on the Q1 2026 filing.
Who are Enterprise Products Partners's competitors?
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.
Who does Enterprise Products Partners partner with?
Enterprise Products Partners's notable partners include New York Stock Exchange.
What subsidiaries does Enterprise Products Partners have?
Enterprise Products Partners's subsidiaries include Enterprise Products Operating LLC, Enterprise Products Holdings LLC.
Where is Enterprise Products Partners headquartered?
Enterprise Products Partners is headquartered in United States of America. It has been publicly traded since 1998.