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Enterprise Products Partners EPD Natural Gas Pipelines & Services — Cost of Sales

Other segment segments

NGL Pipelines & Services
$18.43B-9.8%
Crude Oil Pipelines & Services
$17.61B+15.0%
Petrochemical & Refined Products Services
$7.13B-29.8%

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Other financials

Income statement

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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

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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$3.2B+54.3%
CapEx$1.1B-12.4%
Free cash flow$2.0B+168%

Valuation

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Market cap$82.32B+22.3%
Enterprise value$116.31B+9.7%
P/E13.1×+1.6×
P/S1.4×+0.2×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Enterprise Products Partners in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Enterprise Products Partners’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 1:04 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001061219-26-000014
Line itemNGLPipelines& ServicesCrude Oil Pipelines& ServicesNatural Gas Pipelines& ServicesPetrochemical& Refined Products ServicesSegment Total
Intersegment and intrasegment revenues16,54811,7273524,91833,545
Total segment revenues20,58018,0261,4597,86647,931
Significant segment expenses:
Cost of sales18,42517,6067547,13343,918
Variable operating costs and expenses (1)2213718132408
Fixed operating costs and expenses (2)4771211922921,082
Total significant segment expenses19,12317,7649647,55745,408
Other segment income (expense):

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Enterprise Products Partners's natural gas pipelines & services — cost of sales?
Enterprise Products Partners (EPD) reported natural gas pipelines & services — cost of sales of $754M in Q1 2026.
How has Enterprise Products Partners's natural gas pipelines & services — cost of sales changed year-over-year?
Enterprise Products Partners's natural gas pipelines & services — cost of sales decreased by 16.1% year-over-year, from $899M to $754M.
What is the long-term trend for Enterprise Products Partners's natural gas pipelines & services — cost of sales?
Over 3 years (2022 to 2025), Enterprise Products Partners's natural gas pipelines & services — cost of sales has grown at a -20.8% compound annual growth rate (CAGR), from $5.53B to $2.75B.
What does natural gas pipelines & services — cost of sales mean?
This represents the direct costs associated with the natural gas products sold or processed by the segment, including the purchase price of commodities and related logistics costs. It is a primary variable expense that fluctuates based on commodity prices and the volume of gas handled.

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