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Business Segments · Segment Gross Operating Margin

NGL Pipelines & Services — Segment Gross Operating Margin

Enterprise Products Partners NGL Pipelines & Services — Segment Gross Operating Margin decreased by 2.5% to $1.5B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.0%, from $1.42B to $1.5B. Over 3 years (FY 2022 to FY 2025), NGL Pipelines & Services — Segment Gross Operating Margin shows relatively stable performance with a 2.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 7, 2026

How to read this metric

Higher margins indicate strong pricing power, operational efficiency, or favorable market conditions for NGL services.

Detailed definition

A key profitability metric calculated as segment revenue minus the cost of sales and operating expenses. It measures the...

Peer comparison

The primary metric used by investors to compare the operational health of midstream segments across the industry.

Metric ID: epd_segment_ngl_pipelines_services_segment_gross_operating_margin

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value1.3B1.3B1.3B1.3B1.2B1.2B1.2B1.2B1.3B1.3B1.3B1.5B1.4B1.3B1.3B1.5B1.5B
QoQ Change+0.0%+0.0%+0.0%-4.7%+0.0%+0.0%+0.0%+9.4%-1.1%+0.8%+16.0%-8.4%-8.5%+0.5%+18.3%-2.5%
YoY Change-4.7%-4.7%-4.7%-4.7%+9.4%+8.2%+9.0%+26.4%+5.8%-2.1%-2.4%-0.5%+6.0%
Range1.2B1.5B
CAGR+4.0%
Avg YoY Growth+3.2%
Median YoY Growth-0.5%

Frequently Asked Questions

What is Enterprise Products Partners's ngl pipelines & services — segment gross operating margin?
Enterprise Products Partners (EPD) reported ngl pipelines & services — segment gross operating margin of $1.5B in Q1 2026.
How has Enterprise Products Partners's ngl pipelines & services — segment gross operating margin changed year-over-year?
Enterprise Products Partners's ngl pipelines & services — segment gross operating margin increased by 6.0% year-over-year, from $1.42B to $1.5B.
What is the long-term trend for Enterprise Products Partners's ngl pipelines & services — segment gross operating margin?
Over 3 years (2022 to 2025), Enterprise Products Partners's ngl pipelines & services — segment gross operating margin has grown at a 2.6% compound annual growth rate (CAGR), from $5.14B to $5.56B.
What does ngl pipelines & services — segment gross operating margin mean?
The core profit generated by the NGL segment after accounting for direct operating costs.