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Financials · EPD

Enterprise Products Partners L.P. (EPD) financials

For the twelve months ended Sep 30, 2026, Enterprise Products Partners L.P. reported $64.40B of revenue and $6.59B of net income.

Revenue, TTM
$64.40B
Revenue growth, YoY
+21.5%
Net income, TTM
$6.59B
Net income growth, YoY
+13.9%
Net margin
10.2%
Free cash flow, TTM
$4.81B
Cash
$232.00M
Total debt
$33.44B
P/E
12.12
P/S
1.24
Market cap
$79.86B
Annual revenue$52.60B
FY2016FY2025
Annual net income$5.81B
FY2016FY2025
Annual free cash flow$2.96B
FY2016FY2025

EPD revenue and earnings growth

EPD revenueQ3 2026$17.95B

Quarter YoY
+49.3%
QoQ
-1.8%
FY YoY
-6.4%
5Y CAGR
+14.1%
10Y CAGR
+6.9%

EPD revenue was $17.95B in fiscal Q3 2026 (ended Sep 30, 2026), up 49.3% from a year earlier and down 1.8% from the prior quarter. For the full fiscal 2025 it was $52.60B, down 6.4% from fiscal 2024. Compound annual growth was +14.1% over 5 years and +6.9% over 10 years. It rose in 5 of the last 10 fiscal years.

EPD net incomeQ3 2026$1.62B

Quarter YoY
+21.4%
QoQ
-11.7%
FY YoY
-1.5%
5Y CAGR
+9.0%
10Y CAGR
+8.7%

EPD net income was $1.62B in fiscal Q3 2026 (ended Sep 30, 2026), up 21.4% from a year earlier and down 11.7% from the prior quarter. For the full fiscal 2025 it was $5.81B, down 1.5% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +8.7% over 10 years. It rose in 7 of the last 10 fiscal years.

EPD free cash flowQ3 2026$1.13B

QoQ
-44.3%
FY YoY
-17.0%
5Y CAGR
+2.6%
10Y CAGR
+33.0%

EPD free cash flow was $1.13B in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$220.00M a year earlier and down 44.3% from the prior quarter. For the full fiscal 2025 it was $2.96B, down 17.0% from fiscal 2024. Compound annual growth was +2.6% over 5 years and +33.0% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$52.60B$56.22B$49.72B$58.19B$40.81B$27.20B$32.79B$36.53B$29.24B$23.02B
Cost of revenue$38.57B$42.58B$37.02B$45.84B$29.89B$16.72B$22.07B$26.79B$21.49B$15.71B
Gross profit$14.03B$13.64B$12.69B$12.35B$10.92B$10.48B$10.72B$9.74B$7.75B$7.31B
Selling, general and admin$251.00M$244.00M$231.00M$241.00M$209.00M$220.00M$211.70M$208.30M$181.10M$160.10M
Operating income$7.27B$7.34B$6.93B$6.91B$6.10B$5.04B$6.08B$5.41B$3.93B$3.58B
Interest expense$1.40B$1.35B$1.27B$1.24B$1.28B$1.29B$1.24B$1.10B$984.60M$982.60M
Pre-tax income$5.90B$6.04B$5.70B$5.70B$4.83B$3.76B$4.73B$4.30B$2.88B$2.58B
Income tax$23.00M$65.00M$44.00M$82.00M$70.00M-$124.00M$45.60M$60.30M$25.70M$23.40M
Net income$5.81B$5.90B$5.53B$5.49B$4.63B$3.77B$4.59B$4.17B$2.80B$2.51B
Diluted shares2.19B2.19B2.19B2.20B2.20B2.20B2.20B2.19B2.15B2.09B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$969.00M$838.00M$320.00M$206.00M$2.96B$1.16B$410.00M$410.10M$70.30M$417.60M
Receivables---$6.96B$6.97B$4.80B$4.87B$3.66B$4.36B$3.33B
Inventory$3.88B$3.96B$3.35B$2.55B$2.68B$3.30B$2.09B$1.52B$1.61B$1.77B
Current assets$13.36B$15.13B$12.25B$10.60B$13.27B$9.91B$7.86B$6.06B$6.51B$6.53B
Goodwill$5.71B$5.71B$5.61B$5.61B$5.45B$5.45B$5.75B$5.75B$5.75B$5.75B
Total assets$77.90B$77.17B$70.98B$68.11B$67.53B$64.11B$61.73B$56.97B$54.42B$52.19B
Current liabilities$12.83B$15.18B$13.13B$12.27B$11.63B$8.99B$9.13B$7.17B$9.30B$8.25B
Short-term debt$1.63B$1.15B$1.30B$1.74B$1.40B$1.32B$1.98B$1.50B$2.85B$2.58B
Long-term debt$32.77B$30.75B$27.45B$26.55B$28.14B$28.54B$25.64B$24.68B$21.71B$21.12B
Total debt$34.40B$31.90B$28.75B$28.30B$29.54B$29.87B$27.63B$26.18B$24.57B$23.70B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$8.59B$8.12B$7.57B$8.04B$8.51B$5.89B$6.52B$6.13B$4.67B$4.07B
Capital expenditures$5.62B$4.54B$3.27B$1.96B$2.22B$3.29B$4.53B$4.22B$3.10B$2.98B
Free cash flow$2.96B$3.57B$4.30B$6.08B$6.29B$2.60B$1.99B$1.90B$1.56B$1.08B
Investing cash flow-$5.49B-$5.43B-$3.20B-$4.95B-$2.13B-$3.12B-$4.58B-$4.28B-$3.29B-$4.01B
Financing cash flow-$2.69B-$2.16B-$4.26B-$5.84B-$4.57B-$2.02B-$1.95B-$1.50B-$1.73B$321.70M
Share repurchases$300.00M$219.00M$188.00M$250.00M$214.00M$186.00M$81.10M$30.80M$0$0
Depreciation and amortization-----$2.07B$1.95B$1.79B$1.64B$1.55B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-6.4%13.1%-14.6%42.6%50.0%-17.0%-10.3%24.9%27.0%-14.8%
Net income growth, YoY-1.5%6.7%0.8%18.4%22.8%-17.8%10.0%49.1%11.4%-0.3%
Gross margin26.7%24.3%25.5%21.2%26.8%38.5%32.7%26.7%26.5%31.8%
Operating margin13.8%13.1%13.9%11.9%15.0%18.5%18.5%14.8%13.4%15.6%
Net margin11.0%10.5%11.1%9.4%11.4%13.9%14.0%11.4%9.6%10.9%
Free cash flow margin5.6%6.4%8.7%10.4%15.4%9.6%6.1%5.2%5.4%4.7%
Return on assets7.5%7.6%7.8%8.1%6.9%5.9%7.4%7.3%5.1%4.8%
Current ratio1.041.000.930.861.141.100.860.850.700.79

Source: XBRL data Enterprise Products Partners L.P. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EPD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
EPD$64.40B+21.5%$6.59B10.2%$79.86B
TRGP$18.19B+4.7%$2.45B13.5%$56.74B
PAA$52.31B+12.2%$2.77B5.3%$16.88B
PAGP$52.31B+12.2%$554.00M1.1%$5.10B

EPD FAQ

8 questions
  • What is EPD revenue?
    Enterprise Products Partners L.P. (EPD) reported $64.40B of revenue for the twelve months ended Sep 30, 2026. That is up 21.5% from the year before. Revenue for fiscal 2025 was $52.60B.
  • Is EPD profitable?
    Yes. Enterprise Products Partners L.P. earned $6.59B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.2%.
  • How much cash and debt does EPD have?
    Enterprise Products Partners L.P. reported $232.00M in cash and cash equivalents and $33.44B of debt on its most recent balance sheet in SEC filings.
  • How fast is EPD revenue growing?
    Enterprise Products Partners L.P.'s revenue changed -6.4% in fiscal 2025, to $52.60B. Its compound annual growth rate was +14.1% over 5 years and +6.9% over 10 years.
  • What is EPD gross margin?
    Enterprise Products Partners L.P.'s gross profit was $15.49B on $64.40B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.1%.
  • What is EPD free cash flow?
    Enterprise Products Partners L.P. generated $4.81B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.31B less capital expenditures.
  • When did EPD last report financial results?
    The latest statements here come from Enterprise Products Partners L.P.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this EPD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Enterprise Products Partners L.P. files with the SEC. It is provided for information only and is not investment advice.