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ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）とEnergy Transfer LP（ET）の財務データ比較。上の社名をクリックして会社を切り替えられます
Energy Transfer LPの直近四半期売上が大きい（$25.3B vs $13.8B、ENTERPRISE PRODUCTS PARTNERS L.P.の約1.8倍）。ENTERPRISE PRODUCTS PARTNERS L.P.の純利益率が高く（11.9% vs 3.7%、差は8.3%）。Energy Transfer LPの前年同期比売上増加率が高い（29.6% vs -2.9%）。過去8四半期でEnergy Transfer LPの売上複合成長率が高い（8.2% vs -3.3%）
エンタープライズ・プロダクツ・パートナーズLPは米国テキサス州ヒューストンに本社を置く中流エネルギー企業で、天然ガスと原油のパイプライン事業を中心に展開している。2004年9月にガルフテラを買収し、2018年の米国フォーチュン500で第105位にランクインし、ダン・ダンカンが2010年死去するまで同社の筆頭株主だった。
エナジートランスファーLPは米国のエネルギーインフラ運営企業で、1996年に設立され、本社はテキサス州ダラスに所在しています。天然ガス、原油、液化天然ガス、石油製品などのパイプライン輸送、貯蔵、ターミナル運営、天然ガス液の分留事業を展開する上場有限責任組合です。
EPD vs ET — 直接比較
損益計算書 — Q4 2025 vs Q4 2025
| 指標 | | |
|---|---|---|
| 売上 | $13.8B | $25.3B |
| 純利益 | $1.6B | $928.0M |
| 粗利率 | 27.0% | 23.3% |
| 営業利益率 | 14.7% | 8.2% |
| 純利益率 | 11.9% | 3.7% |
| 売上前年比 | -2.9% | 29.6% |
| 純利益前年比 | 1.5% | -13.8% |
| EPS（希薄化後） | — | — |
緑 = その指標でリード。会計年度がずれている場合は期間が異なる場合あり
8四半期 売上・利益トレンド
並べて比較する四半期履歴。決算期がずれていても暦四半期で整列
| Q4 25 | $13.8B | $25.3B | ||
| Q3 25 | $12.0B | $20.0B | ||
| Q2 25 | $11.4B | $19.2B | ||
| Q1 25 | $15.4B | $21.0B | ||
| Q4 24 | $14.2B | $19.5B | ||
| Q3 24 | $13.8B | $20.8B | ||
| Q2 24 | $13.5B | $20.7B | ||
| Q1 24 | $14.8B | $21.6B |
| Q4 25 | $1.6B | $928.0M | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | 27.0% | 23.3% | ||
| Q3 25 | 28.6% | 27.0% | ||
| Q2 25 | 30.5% | 27.5% | ||
| Q1 25 | 22.1% | 25.9% | ||
| Q4 24 | 25.3% | 27.6% | ||
| Q3 24 | 24.6% | 24.8% | ||
| Q2 24 | 24.5% | 24.7% | ||
| Q1 24 | 22.7% | 23.3% |
| Q4 25 | 14.7% | 8.2% | ||
| Q3 25 | 14.0% | 10.8% | ||
| Q2 25 | 15.8% | 12.0% | ||
| Q1 25 | 11.4% | 11.9% | ||
| Q4 24 | 13.9% | 11.7% | ||
| Q3 24 | 12.9% | 10.5% | ||
| Q2 24 | 13.1% | 11.1% | ||
| Q1 24 | 12.3% | 11.0% |
| Q4 25 | 11.9% | 3.7% | ||
| Q3 25 | 11.1% | 5.1% | ||
| Q2 25 | 12.6% | 6.0% | ||
| Q1 25 | 9.0% | 6.3% | ||
| Q4 24 | 11.4% | 5.5% | ||
| Q3 24 | 10.3% | 5.7% | ||
| Q2 24 | 10.4% | 6.3% | ||
| Q1 24 | 9.9% | 5.7% |
貸借対照表と財務力
直近四半期の流動性・レバレッジ・純資産のスナップショット
| 指標 | | |
|---|---|---|
| 現金・短期投資手元流動性 | $969.0M | $1.3B |
| 総負債低いほど良い | — | $68.3B |
| 株主資本純資産 | — | $49.0B |
| 総資産 | $77.9B | $141.3B |
| 負債/資本比率低いほどレバレッジが低い | — | 1.39× |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $969.0M | $1.3B | ||
| Q3 25 | $206.0M | $3.6B | ||
| Q2 25 | $870.0M | $242.0M | ||
| Q1 25 | $220.0M | — | ||
| Q4 24 | $583.0M | $312.0M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $138.0M | — | ||
| Q1 24 | $283.0M | — |
| Q4 25 | — | $68.3B | ||
| Q3 25 | — | $63.1B | ||
| Q2 25 | — | $60.8B | ||
| Q1 25 | — | $59.8B | ||
| Q4 24 | — | $59.8B | ||
| Q3 24 | — | $59.3B | ||
| Q2 24 | — | $57.6B | ||
| Q1 24 | — | $53.5B |
| Q4 25 | — | $49.0B | ||
| Q3 25 | — | $45.3B | ||
| Q2 25 | — | $45.5B | ||
| Q1 25 | — | $46.2B | ||
| Q4 24 | — | $46.0B | ||
| Q3 24 | — | $46.2B | ||
| Q2 24 | — | $45.5B | ||
| Q1 24 | — | $43.8B |
| Q4 25 | $77.9B | $141.3B | ||
| Q3 25 | $77.8B | $129.3B | ||
| Q2 25 | $77.4B | $125.0B | ||
| Q1 25 | $75.4B | $126.4B | ||
| Q4 24 | $77.2B | $125.4B | ||
| Q3 24 | $75.1B | $124.4B | ||
| Q2 24 | $73.6B | $121.3B | ||
| Q1 24 | $71.4B | $115.8B |
| Q4 25 | — | 1.39× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.33× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.22× |
キャッシュフローと資本効率
再投資後に実際に生み出すキャッシュ。純利益より操作が難しい
| 指標 | | |
|---|---|---|
| 営業キャッシュフロー直近四半期 | $2.5B | $1.9B |
| フリーキャッシュフロー営業CF - 設備投資 | — | $-225.0M |
| FCFマージンFCF / 売上 | — | -0.9% |
| 設備投資強度設備投資 / 売上 | — | 8.4% |
| キャッシュ転換率営業CF / 純利益 | 1.50× | 2.05× |
| 直近12ヶ月FCF直近4四半期 | — | $3.8B |
8四半期トレンド — 暦四半期で整列
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.1B | $2.9B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $2.1B | $3.8B |
| Q4 25 | — | $-225.0M | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $762.0M | $1.1B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $898.0M | $1.8B | ||
| Q2 24 | $310.0M | $1.5B | ||
| Q1 24 | $1.1B | $3.0B |
| Q4 25 | — | -0.9% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | 6.7% | 5.7% | ||
| Q1 25 | 8.1% | 8.1% | ||
| Q4 24 | 9.1% | 5.7% | ||
| Q3 24 | 6.5% | 8.6% | ||
| Q2 24 | 2.3% | 7.0% | ||
| Q1 24 | 7.2% | 13.8% |
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 11.4% | 8.6% | ||
| Q1 25 | 6.9% | 5.8% | ||
| Q4 24 | 7.5% | 7.5% | ||
| Q3 24 | 8.5% | 5.2% | ||
| Q2 24 | 9.4% | 3.9% | ||
| Q1 24 | 7.1% | 3.7% |
| Q4 25 | 1.50× | 2.05× | ||
| Q3 25 | 1.30× | 2.52× | ||
| Q2 25 | 1.44× | 2.37× | ||
| Q1 25 | 1.66× | 2.20× | ||
| Q4 24 | 1.46× | 2.40× | ||
| Q3 24 | 1.46× | 2.43× | ||
| Q2 24 | 1.12× | 1.73× | ||
| Q1 24 | 1.45× | 3.04× |
財務フロー比較
売上 → 粗利 → 営業利益 → 純利益のサンキー図
セグメント別売上内訳
EPD
| Sales Of Crude Oil | $5.2B | 37% |
| Sales Of NG Ls And Related Products | $4.3B | 31% |
| Petrochemical And Refined Products Services | $2.3B | 17% |
| Oil And Gas Service | $740.0M | 5% |
| Sales Of Natural Gas | $462.0M | 3% |
| Transportation | $365.0M | 3% |
| Natural Gas Processing And Fractionation | $272.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
ET
| Investment In Sunoco LP | $8.6B | 34% |
| NG Landrefinedproductstransportationandservices | $6.2B | 24% |
| NG Lsales | $4.6B | 18% |
| Midstream | $2.7B | 11% |
| Other | $900.0M | 4% |
| External Customers | $805.0M | 3% |
| Interstate Transportation And Storage | $631.0M | 2% |
| Investment In USAC | $252.0M | 1% |
| Intersegment | $97.0M | 0% |
