ENTERPRISE PRODUCTS PARTNERS L.P.EPDEarnings & Financial Report
Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.
Revenue
$15.4B
Gross Profit
$3.4B
Operating Profit
$1.8B
Net Profit
$1.4B
Gross Margin
22.1%
Operating Margin
11.4%
Net Margin
9.0%
YoY Growth
4.5%
ENTERPRISE PRODUCTS PARTNERS L.P. Q1 FY2025 Financial Summary
ENTERPRISE PRODUCTS PARTNERS L.P. reported revenue of $15.4B (up 4.5% YoY) for Q1 FY2025, with a net profit of $1.4B (down 4.3% YoY) (9.0% margin). Cost of goods sold was $12.0B, operating expenses totaled $1.7B.
Key Financial Metrics
| Total Revenue | $15.4B |
|---|---|
| Net Profit | $1.4B |
| Gross Margin | 22.1% |
| Operating Margin | 11.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
ENTERPRISE PRODUCTS PARTNERS L.P. Q1 FY2025 revenue of $15.4B breaks down across 11 segments, led by Onshore Crude Oil Pipelines And Services at $5.1B (33.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Onshore Crude Oil Pipelines And Services | $5.1B | 33.2% |
| Petrochemical And Refined Products Services | $3.7B | 23.8% |
| Sales Of Petrochemical And Refined Products | $3.3B | 21.6% |
| Onshore Natural Gas Pipelines And Services | $1.2B | 7.9% |
| Sales Of Natural Gas | $785.0M | 5.1% |
| Other | $424.0M | 2.8% |
| Natural Gas Processing And Fractionation | $352.0M | 2.3% |
| Transportation | $312.0M | 2.0% |
| Midstream Services Fractionation And Isomerization | $103.0M | 0.7% |
| Midstream Services Storage And Terminals | $85.0M | 0.6% |
| Equity Method Investee | $13.0M | 0.1% |
ENTERPRISE PRODUCTS PARTNERS L.P. Revenue by Segment — Quarterly Trend
ENTERPRISE PRODUCTS PARTNERS L.P. revenue by segment across the last 4 reported quarters, showing how each business line (such as Onshore Crude Oil Pipelines And Services and Petrochemical And Refined Products Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Onshore Crude Oil Pipelines And Services | — | — | $5.4B | — |
| Petrochemical And Refined Products Services | — | $2.3B | — | — |
| Sales Of Petrochemical And Refined Products | — | — | — | $1.8B |
| Onshore Natural Gas Pipelines And Services | — | — | $932.0M | — |
| Sales Of Natural Gas | — | $462.0M | — | $632.0M |
ENTERPRISE PRODUCTS PARTNERS L.P. Annual Revenue by Year
ENTERPRISE PRODUCTS PARTNERS L.P. annual revenue history includes year-by-year totals (for example, 2025 revenue was $52.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $52.6B |
| 2024 | $56.2B |
| 2023 | $49.7B |
| 2022 | $58.2B |
ENTERPRISE PRODUCTS PARTNERS L.P. Quarterly Revenue & Net Profit History
ENTERPRISE PRODUCTS PARTNERS L.P. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $14.4B | -6.7% | $1.5B | 10.4% |
| Q4 FY2025 | $13.8B | -2.9% | $1.6B | 11.9% |
| Q3 FY2025 | $12.0B | -12.7% | $1.3B | 11.1% |
| Q2 FY2025 | $11.4B | -15.7% | $1.4B | 12.6% |
| Q1 FY2025 | $15.4B | +4.5% | $1.4B | 9.0% |
| Q4 FY2024 | $14.2B | -2.9% | $1.6B | 11.4% |
| Q3 FY2024 | $13.8B | +14.8% | $1.4B | 10.3% |
| Q2 FY2024 | $13.5B | +26.6% | $1.4B | 10.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.48B | $13.78B | $14.20B | $15.42B | $11.36B | $12.02B | $13.79B | $14.39B |
| YoY Growth | 26.6% | 14.8% | -2.9% | 4.5% | -15.7% | -12.7% | -2.9% | -6.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $73.56B | $75.06B | $77.17B | $75.41B | $77.44B | $77.82B | $77.90B | N/A |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.57B | $2.07B | $2.36B | $2.31B | $2.06B | $1.74B | $2.47B |