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
$11.4B
Gross Profit
$3.5B
Operating Profit
$1.8B
Net Profit
$1.4B
Gross Margin
30.5%
Operating Margin
15.8%
Net Margin
12.6%
YoY Growth
-15.7%
ENTERPRISE PRODUCTS PARTNERS L.P. Q2 FY2025 Financial Summary
ENTERPRISE PRODUCTS PARTNERS L.P. reported revenue of $11.4B (down 15.7% YoY) for Q2 FY2025, with a net profit of $1.4B (up 2.1% YoY) (12.6% margin). Cost of goods sold was $7.9B, operating expenses totaled $1.7B.
Key Financial Metrics
| Total Revenue | $11.4B |
|---|---|
| Net Profit | $1.4B |
| Gross Margin | 30.5% |
| Operating Margin | 15.8% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
ENTERPRISE PRODUCTS PARTNERS L.P. Q2 FY2025 revenue of $11.4B breaks down across 9 segments, led by Sales Of Crude Oil at $4.5B (39.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sales Of Crude Oil | $4.5B | 39.4% |
| Sales Of NG Ls And Related Products | $2.7B | 24.0% |
| Sales Of Petrochemical And Refined Products | $1.8B | 15.6% |
| Natural Gas Pipelines And Services | $1.1B | 9.4% |
| Sales Of Natural Gas | $632.0M | 5.6% |
| Natural Gas Processing And Fractionation | $296.0M | 2.6% |
| Fractionation And Isomerization | $84.0M | 0.7% |
| Storage And Terminals | $79.0M | 0.7% |
| Equity Method Investee | $11.0M | 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 Sales Of Crude Oil and Sales Of NG Ls And Related Products) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Sales Of Crude Oil | — | $5.2B | $5.1B | $4.5B |
| Sales Of NG Ls And Related Products | — | $4.3B | — | $2.7B |
| Sales Of Petrochemical And Refined Products | — | — | — | $1.8B |
| Natural Gas Pipelines And Services | — | — | — | $1.1B |
| 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 |