vs
ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）与Kodiak Gas Services, Inc.（KGS）财务数据对比。点击上方公司名可切换其他公司
ENTERPRISE PRODUCTS PARTNERS L.P.的季度营收约是Kodiak Gas Services, Inc.的41.4倍（$13.8B vs $332.9M）。ENTERPRISE PRODUCTS PARTNERS L.P.净利率更高（11.9% vs 7.4%，领先4.5%）。Kodiak Gas Services, Inc.同比增速更快（7.5% vs -2.9%）。过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% vs -3.3%）
Enterprise Products Partners L.P.是总部位于美国得克萨斯州休斯敦的中游能源企业，主营天然气与原油管道业务，2004年9月收购GulfTerra，2018年位列美国《财富》500强第105位，丹·邓肯2010年去世前为该公司第一大股东。
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
EPD vs KGS — 直观对比
营收规模更大
EPD
是对方的41.4倍
$332.9M
营收增速更快
KGS
高出10.4%
-2.9%
净利率更高
EPD
高出4.5%
7.4%
两年增速更快
KGS
近两年复合增速
-3.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.8B | $332.9M |
| 净利润 | $1.6B | $24.6M |
| 毛利率 | 27.0% | — |
| 营业利润率 | 14.7% | 26.1% |
| 净利率 | 11.9% | 7.4% |
| 营收同比 | -2.9% | 7.5% |
| 净利润同比 | 1.5% | 29.0% |
| 每股收益（稀释后） | — | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EPDKGS
| Q4 25 | $13.8B | $332.9M | ||
| Q3 25 | $12.0B | $322.7M | ||
| Q2 25 | $11.4B | $322.8M | ||
| Q1 25 | $15.4B | $329.6M | ||
| Q4 24 | $14.2B | $309.5M | ||
| Q3 24 | $13.8B | $324.6M | ||
| Q2 24 | $13.5B | $309.7M | ||
| Q1 24 | $14.8B | $215.5M |
净利润EPDKGS
| Q4 25 | $1.6B | $24.6M | ||
| Q3 25 | $1.3B | $-14.0M | ||
| Q2 25 | $1.4B | $39.5M | ||
| Q1 25 | $1.4B | $30.4M | ||
| Q4 24 | $1.6B | $19.1M | ||
| Q3 24 | $1.4B | $-5.6M | ||
| Q2 24 | $1.4B | $6.2M | ||
| Q1 24 | $1.5B | $30.2M |
毛利率EPDKGS
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.6% | 37.5% | ||
| Q2 24 | 24.5% | 36.5% | ||
| Q1 24 | 22.7% | 39.4% |
营业利润率EPDKGS
| Q4 25 | 14.7% | 26.1% | ||
| Q3 25 | 14.0% | 19.9% | ||
| Q2 25 | 15.8% | 30.9% | ||
| Q1 25 | 11.4% | 27.1% | ||
| Q4 24 | 13.9% | 22.3% | ||
| Q3 24 | 12.9% | 20.4% | ||
| Q2 24 | 13.1% | 17.5% | ||
| Q1 24 | 12.3% | 27.9% |
净利率EPDKGS
| Q4 25 | 11.9% | 7.4% | ||
| Q3 25 | 11.1% | -4.3% | ||
| Q2 25 | 12.6% | 12.2% | ||
| Q1 25 | 9.0% | 9.2% | ||
| Q4 24 | 11.4% | 6.2% | ||
| Q3 24 | 10.3% | -1.7% | ||
| Q2 24 | 10.4% | 2.0% | ||
| Q1 24 | 9.9% | 14.0% |
每股收益（稀释后）EPDKGS
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $-0.17 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.18 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.39 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $969.0M | $3.2M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | — | $1.2B |
| 总资产 | $77.9B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 2.12× |
8季度趋势，按日历期对齐
现金及短期投资EPDKGS
| Q4 25 | $969.0M | $3.2M | ||
| Q3 25 | $206.0M | $724.0K | ||
| Q2 25 | $870.0M | $5.4M | ||
| Q1 25 | $220.0M | $1.9M | ||
| Q4 24 | $583.0M | $4.8M | ||
| Q3 24 | $1.4B | $7.4M | ||
| Q2 24 | $138.0M | $3.9M | ||
| Q1 24 | $283.0M | $9.3M |
总债务EPDKGS
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | — |
股东权益EPDKGS
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.1B |
总资产EPDKGS
| Q4 25 | $77.9B | $4.3B | ||
| Q3 25 | $77.8B | $4.4B | ||
| Q2 25 | $77.4B | $4.4B | ||
| Q1 25 | $75.4B | $4.4B | ||
| Q4 24 | $77.2B | $4.4B | ||
| Q3 24 | $75.1B | $4.5B | ||
| Q2 24 | $73.6B | $4.4B | ||
| Q1 24 | $71.4B | $3.3B |
负债/权益比EPDKGS
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.88× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.71× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.5B | $194.9M |
| 自由现金流经营现金流 - 资本支出 | — | $142.0M |
| 自由现金流率自由现金流/营收 | — | 42.7% |
| 资本支出强度资本支出/营收 | — | 15.9% |
| 现金转化率经营现金流/净利润 | 1.50× | 7.91× |
| 过去12个月自由现金流最近4个季度 | — | $284.3M |
8季度趋势，按日历期对齐
经营现金流EPDKGS
| Q4 25 | $2.5B | $194.9M | ||
| Q3 25 | $1.7B | $113.4M | ||
| Q2 25 | $2.1B | $177.2M | ||
| Q1 25 | $2.3B | $114.3M | ||
| Q4 24 | $2.4B | $118.5M | ||
| Q3 24 | $2.1B | $36.9M | ||
| Q2 24 | $1.6B | $121.1M | ||
| Q1 24 | $2.1B | $51.5M |
自由现金流EPDKGS
| Q4 25 | — | $142.0M | ||
| Q3 25 | — | $10.9M | ||
| Q2 25 | $762.0M | $94.6M | ||
| Q1 25 | $1.3B | $36.8M | ||
| Q4 24 | $1.3B | $45.2M | ||
| Q3 24 | $898.0M | $-49.7M | ||
| Q2 24 | $310.0M | $4.0M | ||
| Q1 24 | $1.1B | $-8.6M |
自由现金流率EPDKGS
| Q4 25 | — | 42.7% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 6.7% | 29.3% | ||
| Q1 25 | 8.1% | 11.2% | ||
| Q4 24 | 9.1% | 14.6% | ||
| Q3 24 | 6.5% | -15.3% | ||
| Q2 24 | 2.3% | 1.3% | ||
| Q1 24 | 7.2% | -4.0% |
资本支出强度EPDKGS
| Q4 25 | — | 15.9% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | 11.4% | 25.6% | ||
| Q1 25 | 6.9% | 23.5% | ||
| Q4 24 | 7.5% | 23.7% | ||
| Q3 24 | 8.5% | 26.7% | ||
| Q2 24 | 9.4% | 37.8% | ||
| Q1 24 | 7.1% | 27.9% |
现金转化率EPDKGS
| Q4 25 | 1.50× | 7.91× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.44× | 4.49× | ||
| Q1 25 | 1.66× | 3.76× | ||
| Q4 24 | 1.46× | 6.21× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.12× | 19.44× | ||
| Q1 24 | 1.45× | 1.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
