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Enterprise Products Partners EPD Natural Gas Pipelines & Services — Fixed operating costs and expenses

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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 epd:FixedOperatingCostsAndExpenses.

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
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):
Equity in income of unconsolidated affiliates19542176
Other segment items (3)2713(1)443

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Enterprise Products Partners's natural gas pipelines & services — fixed operating costs and expenses?
Enterprise Products Partners (EPD) reported natural gas pipelines & services — fixed operating costs and expenses of $192M in Q1 2026.
How has Enterprise Products Partners's natural gas pipelines & services — fixed operating costs and expenses changed year-over-year?
Enterprise Products Partners's natural gas pipelines & services — fixed operating costs and expenses increased by 8.5% year-over-year, from $177M to $192M.
What is the long-term trend for Enterprise Products Partners's natural gas pipelines & services — fixed operating costs and expenses?
Over 3 years (2022 to 2025), Enterprise Products Partners's natural gas pipelines & services — fixed operating costs and expenses has grown at a 12.5% compound annual growth rate (CAGR), from $532M to $758M.
What does natural gas pipelines & services — fixed operating costs and expenses mean?
These represent the recurring, non-volume-dependent costs required to maintain and operate the natural gas pipeline infrastructure. This includes items such as labor, property taxes, insurance, and routine scheduled maintenance that occurs regardless of throughput levels.

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