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ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）与PG&E Corporation（PCG）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PG&E Corporation的2.1倍（$14.4B vs $6.9B），PG&E Corporation净利率更高（12.9% vs 10.4%，领先2.5%），PG&E Corporation同比增速更快（15.0% vs -72.1%），过去两年PG&E Corporation的营收复合增速更高（7.2% 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。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
EPD vs PCG — 直观对比
营收规模更大
EPD
是对方的2.1倍
$6.9B
营收增速更快
PCG
高出87.1%
-72.1%
净利率更高
PCG
高出2.5%
10.4%
两年增速更快
PCG
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $6.9B |
| 净利润 | $1.5B | $885.0M |
| 毛利率 | — | — |
| 营业利润率 | 13.2% | 21.4% |
| 净利率 | 10.4% | 12.9% |
| 营收同比 | -72.1% | 15.0% |
| 净利润同比 | 6.4% | 39.6% |
| 每股收益（稀释后） | — | $0.39 |
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EPDPCG
| Q1 26 | $14.4B | $6.9B | ||
| Q4 25 | $13.8B | $6.8B | ||
| Q3 25 | $12.0B | $6.3B | ||
| Q2 25 | $11.4B | $5.9B | ||
| Q1 25 | $15.4B | $6.0B | ||
| Q4 24 | $14.2B | $6.6B | ||
| Q3 24 | $13.8B | $5.9B | ||
| Q2 24 | $13.5B | $6.0B |
净利润EPDPCG
| Q1 26 | $1.5B | $885.0M | ||
| Q4 25 | $1.6B | $670.0M | ||
| Q3 25 | $1.3B | $850.0M | ||
| Q2 25 | $1.4B | $549.0M | ||
| Q1 25 | $1.4B | $634.0M | ||
| Q4 24 | $1.6B | $674.0M | ||
| Q3 24 | $1.4B | $579.0M | ||
| Q2 24 | $1.4B | $524.0M |
毛利率EPDPCG
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 24.5% | — |
营业利润率EPDPCG
| Q1 26 | 13.2% | 21.4% | ||
| Q4 25 | 14.7% | 18.0% | ||
| Q3 25 | 14.0% | 19.3% | ||
| Q2 25 | 15.8% | 18.6% | ||
| Q1 25 | 11.4% | 20.4% | ||
| Q4 24 | 13.9% | 15.4% | ||
| Q3 24 | 12.9% | 17.3% | ||
| Q2 24 | 13.1% | 18.9% |
净利率EPDPCG
| Q1 26 | 10.4% | 12.9% | ||
| Q4 25 | 11.9% | 9.8% | ||
| Q3 25 | 11.1% | 13.6% | ||
| Q2 25 | 12.6% | 9.3% | ||
| Q1 25 | 9.0% | 10.6% | ||
| Q4 24 | 11.4% | 10.2% | ||
| Q3 24 | 10.3% | 9.7% | ||
| Q2 24 | 10.4% | 8.8% |
每股收益（稀释后）EPDPCG
| Q1 26 | — | $0.39 | ||
| Q4 25 | — | $0.29 | ||
| Q3 25 | — | $0.37 | ||
| Q2 25 | — | $0.24 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.24 |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $1.9B | — |
| 自由现金流率自由现金流/营收 | 13.4% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流EPDPCG
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $1.7B | $2.9B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $1.6B | $711.0M |
自由现金流EPDPCG
| Q1 26 | $1.9B | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-80.0M | ||
| Q2 25 | $762.0M | $-2.0B | ||
| Q1 25 | $1.3B | $213.0M | ||
| Q4 24 | $1.3B | $-896.0M | ||
| Q3 24 | $898.0M | $526.0M | ||
| Q2 24 | $310.0M | $-1.6B |
自由现金流率EPDPCG
| Q1 26 | 13.4% | — | ||
| Q4 25 | — | -17.6% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | 6.7% | -34.0% | ||
| Q1 25 | 8.1% | 3.6% | ||
| Q4 24 | 9.1% | -13.5% | ||
| Q3 24 | 6.5% | 8.9% | ||
| Q2 24 | 2.3% | -26.5% |
资本支出强度EPDPCG
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 46.9% | ||
| Q2 25 | 11.4% | 52.0% | ||
| Q1 25 | 6.9% | 44.0% | ||
| Q4 24 | 7.5% | 42.6% | ||
| Q3 24 | 8.5% | 43.8% | ||
| Q2 24 | 9.4% | 38.4% |
现金转化率EPDPCG
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 2.93× | ||
| Q3 25 | 1.30× | 3.35× | ||
| Q2 25 | 1.44× | 1.93× | ||
| Q1 25 | 1.66× | 4.49× | ||
| Q4 24 | 1.46× | 2.87× | ||
| Q3 24 | 1.46× | 5.41× | ||
| Q2 24 | 1.12× | 1.36× |
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
暂无分部数据
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
