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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
$84.52B+23.5%
Revenue$58.5B+6.8%
Net income$6.3B+7.5%
Free cash flow$3.7B-12.6%
EPS (diluted)$2.89+7.4%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

July 30, 2026
Revenue$18.3BBeat by $4.6BEPS$0.84Beat by $0.09

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$15.3B
EPS estimate$0.75

Financials

Q2 2026

Income statement

See full
Revenue$18.3B+60.8%
Operating income$2.2B+25.3%
Net income$1.8B+28.2%
EPS (diluted)$0.84+27.3%

Balance sheet

See full
Cash & equivalents$345.0M-68.5%
Total debt$34.2B+3.1%
Total equity$31.1B+3.8%
Total assets$81.8B+5.6%

Cash flow

See full
Operating cash flow$3.2B+54.3%
CapEx$1.2B-10.9%
Free cash flow$2.0B+165%

Valuation & ratios

Valuation

See full
Market cap$84.52B+23.5%
Enterprise value$118.39B+17.7%
P/E13.4×+1.7×
P/S1.5×+0.2×

Profitability

See full
Operating margin13.4%+0.1pp
Net margin10.8%+0.1pp
FCF margin6.3%-1.4pp

Returns & leverage

See full
Return on equity20.7%+0.7pp
Debt / equity1.1×0.0×
Current ratio0.9×0.0×

Segments

By product

See full
Sales of crude oil$8.1B+79.8%
Sales of NGLs and related products$4.5B+64.3%
Sales of petrochemicals and refined products$3.7B+108%
Transportation$1.1B+2.3%
Natural gas processing and fractionation$393.0M+32.8%

By segment

See full
Crude Oil Pipelines & Services$25.3B+79.1%
NGL Pipelines & Services$23.9B+17.2%
Petrochemical & Refined Products Services$13.5B+70.7%
Natural Gas Pipelines & Services$892.0M-29.9%

Competitors

By market cap

Enterprise Products Partners logo
Enterprise Products Partners$84.5B+23.5%
Energy Transfer logo
Energy Transfer$73.8B+22.3%
Kinder Morgan logo
Kinder Morgan$71.3B+19.6%
TRG
Targa Resources$63.0B+77.4%
MPLX logo
MPLX$60.1B+17.9%
Oneok logo
Oneok$59.8B+26.5%
Plains All American Pipeline, L.P. logo
Plains All American Pipeline, L.P.$18.1B+46.0%
DT Midstream logo
DT Midstream$13.5B+30.7%

By revenue growth

Oneok logo
Oneok+41.0%
Energy Transfer logo
Energy Transfer+33.3%
DT Midstream logo
DT Midstream+22.2%
Kinder Morgan logo
Kinder Morgan+12.5%
Plains All American Pipeline, L.P. logo
Plains All American Pipeline, L.P.+12.2%
MPLX logo
MPLX+8.7%
Enterprise Products Partners logo
Enterprise Products Partners+6.8%
TRG
Targa Resources-2.0%

By net margin

DT Midstream logo
DT Midstream36.29%+1.3pp
MPLX logo
MPLX35.98%+0.2pp
Kinder Morgan logo
Kinder Morgan19.31%+2.3pp
TRG
Targa Resources13.54%+3.9pp
Enterprise Products Partners logo
Enterprise Products Partners10.78%+0.1pp
Oneok logo
Oneok10.03%-2.1pp
Plains All American Pipeline, L.P. logo
Plains All American Pipeline, L.P.5.29%+3.3pp
Energy Transfer logo
Energy Transfer4.93%-1.0pp

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
CountryUnited States of America
Listed1998
CEOW. Randall Fowler
SectorEnergy
IndustryOil & Gas Midstream
Websiteenterpriseproducts.com
FilingsSEC EDGAR

FAQ

What is Enterprise Products Partners's market cap?
Enterprise Products Partners (EPD) has a market capitalization of $84.5B and trades on NYSE.
What is Enterprise Products Partners's revenue and profitability?
Enterprise Products Partners generated $58.5B in trailing twelve-month revenue with net income of $6.3B, representing a net margin of 10.8%, with free cash flow of $3.7B. These figures are based on the Q2 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.