Enterprise Products Partners EPD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Other Segment Income (Expense), Net by Business | ||||||
| Crude Oil Pipelines & Services | $67M-9.5% | $68M-10.5% | $73M+7.4% | $78M-6.0% | $74M+8.8% | |
| Natural Gas Pipelines & Services | $1M-50.0% | $4M+300% | $3M+50.0% | $3M-25.0% | $2M-50.0% | |
| NGL Pipelines & Services | $46M-17.9% | $26M-18.8% | $23M+9.5% | $20M-33.3% | $56M+3.7% | |
| Petrochemical & Refined Products Services | $5M+400% | $7M-65.0% | $5M+150% | $3M0.0% | $1M+108% | |
| Revenue by Business | ||||||
| Crude Oil Pipelines & Services | $18.03B+14.5% | $16.39B-3.0% | $16.9B-10.7% | $14.11B-32.6% | $15.74B-18.2% | |
| Natural Gas Pipelines & Services | $1.46B+0.4% | $1.23B+14.8% | $1.17B+43.2% | $1.27B+69.7% | $1.45B+40.9% | |
| NGL Pipelines & Services | $20.58B-8.2% | $20.5B-1.0% | $21.05B+32.6% | $20.41B+29.0% | $22.42B+34.3% | |
| Petrochemical & Refined Products Services | $7.87B-27.6% | $6.48B-24.8% | $6.25B-37.4% | $7.9B-6.3% | $10.87B+12.4% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Crude Oil Pipelines & Services | -$13M-550% | -$9M-200% | -$5M-350% | -$6M+40.0% | -$2M-300% | |
| Natural Gas Pipelines & Services | $1M— | -$3M-200% | -$1M— | -$3M0.0% | $0+100% | |
| NGL Pipelines & Services | -$27M+25.0% | -$2M— | -$2M-133% | -$2M+50.0% | -$36M-56.5% | |
| Petrochemical & Refined Products Services | -$4M-300% | -$6M+70.0% | -$6M-200% | -$1M+50.0% | -$1M-108% | |
| Total Significant Segment Expenses by Business | ||||||
| Crude Oil Pipelines & Services | $17.76B+15.0% | $16.1B-2.7% | $16.6B-10.7% | $13.78B-33.1% | $15.44B-18.3% | |
| Natural Gas Pipelines & Services | $964M-12.2% | $793M+5.3% | $831M+77.6% | $859M+86.3% | $1.1B+51.9% | |
| NGL Pipelines & Services | $19.12B-9.2% | $18.99B-1.1% | $19.77B+35.8% | $19.13B+31.7% | $21.06B+36.6% | |
| Petrochemical & Refined Products Services | $7.56B-28.4% | $6.09B-26.5% | $5.88B-38.9% | $7.55B-6.1% | $10.56B+14.5% | |
| Consolidated total assets by Business | ||||||
| Crude Oil Pipelines & Services | $11.19B-1.2% | $11.1B-2.6% | $11.17B— | —— | $11.33B— | |
| Natural Gas Pipelines & Services | $13.14B+6.7% | $13.19B+7.6% | $13.04B— | —— | $12.31B— | |
| NGL Pipelines & Services | $25.02B+15.1% | $25B+14.2% | $23.39B— | $22.46B— | $21.74B— | |
| Petrochemical & Refined Products Services | $11.74B+4.1% | $11.73B+3.3% | $11.45B— | $11.28B— | $11.28B— | |
| Segment Gross Operating Margin by Business | ||||||
| Crude Oil Pipelines & Services | 32,900,000,000%-4,500,000,000pp | 35,300,000,000%-6,400,000,000pp | 37,100,000,000%-3,000,000,000pp | 40,300,000,000%-1,400,000,000pp | 37,400,000,000%-3,700,000,000pp | |
| Natural Gas Pipelines & Services | 49,600,000,000%+13,900,000,000pp | 44,500,000,000%+12,200,000,000pp | 33,900,000,000%-1,000,000,000pp | 41,700,000,000%+12,400,000,000pp | 35,700,000,000%+4,500,000,000pp | |
| NGL Pipelines & Services | 150,300,000,000%+8,500,000,000pp | 154,100,000,000%-700,000,000pp | 130,300,000,000%-3,200,000,000pp | 129,700,000,000%-2,800,000,000pp | 141,800,000,000%+7,800,000,000pp | |
| Petrochemical & Refined Products Services | 31,400,000,000%-100,000,000pp | 39,700,000,000%+4,900,000,000pp | 37,000,000,000%+700,000,000pp | 35,400,000,000%-3,800,000,000pp | 31,500,000,000%-12,900,000,000pp | |
| Cost of Sales by Business | ||||||
| Crude Oil Pipelines & Services | $17.61B+15.0% | $15.96B-2.8% | $16.45B-10.9% | $13.66B-33.3% | $15.31B-18.4% | |
| Natural Gas Pipelines & Services | $754M-16.1% | $587M+6.7% | $616M+121% | $644M+139% | $899M+61.1% | |
| NGL Pipelines & Services | $18.43B-9.8% | $18.33B-1.1% | $19.09B+36.9% | $18.49B+32.5% | $20.43B+38.0% | |
| Petrochemical & Refined Products Services | $7.13B-29.8% | $5.7B-27.8% | $5.48B-40.9% | $7.16B-7.1% | $10.16B+14.4% | |
| Gross Value by Business | ||||||
| Crude Oil Pipelines & Services | $2.48B0.0% | $2.48B0.0% | $2.48B0.0% | —— | $2.48B0.0% | |
| Natural Gas Pipelines & Services | $2.5B+2.9% | $2.5B+2.8% | $2.5B+25.2% | —— | $2.43B+22.1% | |
| NGL Pipelines & Services | $1.5B+24.6% | $1.5B+24.6% | $1.5B+24.6% | $1.2B+0.1% | $1.2B+0.2% | |
| Petrochemical & Refined Products Services | $231M+2.2% | $231M+2.2% | $226M0.0% | $226M0.0% | $226M0.0% | |
| Equity in income of unconsolidated affiliates by Business | ||||||
| Crude Oil Pipelines & Services | $54M-25.0% | $59M-19.2% | $68M-2.9% | $72M-1.4% | $72M+4.3% | |
| Natural Gas Pipelines & Services | $2M0.0% | $1M— | $2M0.0% | $0-100% | $2M0.0% | |
| NGL Pipelines & Services | $19M-5.0% | $24M-27.3% | $21M-22.2% | $18M-30.8% | $20M-35.5% | |
| Petrochemical & Refined Products Services | $1M— | $1M— | -$1M— | $2M+100% | $0— | |
| Carrying Value by Business | ||||||
| Crude Oil Pipelines & Services | $1.47B-5.6% | $1.49B-5.4% | $1.51B-5.3% | —— | $1.55B-5.8% | |
| Natural Gas Pipelines & Services | $1.52B-0.3% | $1.54B-0.4% | $1.55B+38.4% | —— | $1.52B+33.1% | |
| NGL Pipelines & Services | $1.02B+31.5% | $1.03B+31.4% | $1.05B+31.2% | $763M-5.6% | $775M-5.3% | |
| Petrochemical & Refined Products Services | $100M-2.0% | $102M-1.9% | $99M-6.6% | $101M-6.5% | $102M-6.4% | |
| Fixed operating costs and expenses by Business | ||||||
| Crude Oil Pipelines & Services | $121M+19.8% | $103M-1.0% | $116M+12.6% | $88M-14.6% | $101M-2.9% | |
| Natural Gas Pipelines & Services | $192M+8.5% | $192M+4.3% | $194M+11.5% | $195M+16.1% | $177M+18.0% | |
| NGL Pipelines & Services | $477M+12.8% | $429M+0.2% | $456M+7.3% | $442M+9.4% | $423M-0.5% | |
| Petrochemical & Refined Products Services | $292M-0.7% | $270M-7.5% | $282M+8.9% | $283M+14.1% | $294M+18.1% | |
| CapEx by Business | ||||||
| Crude Oil Pipelines & Services | $27M+17.4% | $29M+3.6% | $35M-32.7% | $25M-43.2% | $23M-37.8% | |
| Natural Gas Pipelines & Services | $340M+12.2% | $324M+37.3% | $674M+174% | $327M+32.9% | $303M+48.5% | |
| NGL Pipelines & Services | $492M-22.5% | $769M+16.0% | $1.1B+74.4% | $825M+31.2% | $635M+10.1% | |
| Petrochemical & Refined Products Services | $124M+22.8% | $179M+35.6% | $152M-38.5% | $122M-64.6% | $101M-55.9% | |
| Variable operating costs and expenses by Business | ||||||
| Crude Oil Pipelines & Services | $37M+5.7% | $35M+16.7% | $36M+20.0% | $34M+30.8% | $35M-23.9% | |
| Natural Gas Pipelines & Services | $18M-18.2% | $14M-26.3% | $21M+40.0% | $20M-16.7% | $22M+46.7% | |
| NGL Pipelines & Services | $221M+11.1% | $222M+3.7% | $219M+15.3% | $204M+22.2% | $199M+14.4% | |
| Petrochemical & Refined Products Services | $132M+24.5% | $122M+14.0% | $118M+35.6% | $107M+25.9% | $106M+12.8% | |
| Intangible Amortization by Business | ||||||
| Crude Oil Pipelines & Services | $23M+9.5% | $22M0.0% | $21M-22.2% | $21M-19.2% | $21M-16.0% | |
| Natural Gas Pipelines & Services | $19M+5.6% | $20M+17.6% | $19M+46.2% | $18M+38.5% | $18M+38.5% | |
| NGL Pipelines & Services | $14M+27.3% | $13M+18.2% | $13M+8.3% | $12M+9.1% | $11M+10.0% | |
| Petrochemical & Refined Products Services | $2M0.0% | $2M0.0% | $2M0.0% | $1M0.0% | $2M0.0% | |
| Investments in unconsolidated affiliates by Business | ||||||
| Crude Oil Pipelines & Services | $1.58B-3.3% | $1.58B-2.9% | $1.6B-2.4% | $1.61B-2.8% | $1.63B-2.6% | |
| Natural Gas Pipelines & Services | $31M-3.1% | $31M+3.3% | $31M-8.8% | $32M-3.0% | $32M-5.9% | |
| NGL Pipelines & Services | $566M-3.4% | $572M-4.3% | $573M-4.0% | $578M-3.7% | $586M-3.9% | |
| Petrochemical & Refined Products Services | $2M-33.3% | $1M-66.7% | $2M-33.3% | $1M-66.7% | $3M0.0% | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | ||||||
| Crude Oil Pipelines & Services | $1.01B+9.4% | $990M+9.4% | $968M+9.6% | $947M+10.6% | $926M+11.6% | |
| Natural Gas Pipelines & Services | $984M+8.4% | $965M+8.4% | $945M+8.2% | $926M+7.7% | $908M+7.2% | |
| NGL Pipelines & Services | $480M+12.1% | $466M+11.8% | $453M+11.6% | $440M+11.7% | $428M+11.7% | |
| Petrochemical & Refined Products Services | $131M+5.6% | $129M+5.7% | $127M+5.8% | $125M+5.9% | $124M+6.0% | |
| Revenue by Product | ||||||
| Storage and terminals | $294M+11.8% | $288M+0.3% | $266M+0.4% | $275M+3.4% | $263M-7.7% | |
| Transportation | $1.16B+4.1% | $1.7B+6.2% | $972M+8.8% | $942M+14.3% | $1.11B+11.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Enterprise Products Partners break its business down?
- Enterprise Products Partners (EPD) reports other segment income (expense), net by business across 4 parts — Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, NGL Pipelines & Services and Petrochemical & Refined Products Services. Each is extracted from the segment footnotes and tracked over time.
- Where does Enterprise Products Partners's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Enterprise Products Partners's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
