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Enterprise Products Partners L.P.

EPD Energy Oil & Gas Midstream

Enterprise Products Partners L.P.’s revenue for fiscal 2025 (year ended December 2025) was $52.6 billion, down 6.44% from fiscal 2024.

Revenue
+60.8%
EPS
+27.3%
Free cash flow
+162.1%
Total debt
+1.51%

Quarter to June 2026, against a year earlier

38.15 0.90 −2.30%
Market cap
$84.3B
P/E
13.3×
Fwd P/E
12.6×
Dividend yield
5.80%
F-score
6/9
Altman Z
n/a
Beneish M
−2.97
Dividend safety
41/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Enterprise Products Partners L.P. (EPD) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

Enterprise Products Partners reported Q2 FY2026 revenue of $18.3 billion, above the consensus of $13.6 billion, and adjusted EPS, as the consensus counts it, of $0.84, above the consensus of $0.75. The company reported that revenue increased 60.8% from Q2 FY2025, while diluted EPS rose to $0.84 from $0.66.

The filing attributed the revenue increase primarily to higher marketing revenues. It said marketing revenue from crude oil, NGLs, petrochemicals and refined products rose on higher average sales prices and sales volumes, while natural-gas marketing revenue declined because of lower average sales prices. Enterprise Products Partners reported higher midstream-services revenue, including at natural-gas processing facilities and natural-gas transportation assets.

The company reported gross margin of 12.1%, compared with 15.6% a year earlier, and operating margin of 12.3%, compared with 15.8%. Free cash flow was $2.0 billion, compared with $773.0 million in Q2 FY2025.

Q2 FY2026 Q2 FY2025 Change
Revenue $18.3 billion $11.4 billion 60.8%
Diluted EPS $0.84 $0.66 27.3%
Gross margin 12.1% 15.6% −3.5 percentage points
Operating margin 12.3% 15.8% −3.5 percentage points
Free cash flow $2.0 billion $773.0 million 162.1%
Against the consensus Reported Consensus Result
Adjusted EPS $0.84 $0.75 Beat by 12.0%
Revenue $18.3 billion $13.6 billion Beat by 34.3%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Enterprise Products Partners did not provide earnings-call commentary for this page because no latest-quarter call was available.

Guidance

Enterprise Products Partners’ July 30 results release expects FY2026 growth capital spending, net of $599 million of asset-sale proceeds, of $2.9 billion to $3.4 billion. The release expects sustaining capital expenditures of $600.0 million for FY2026.

Metric For Guide Previous guide Change
Capex, Sustaining FY2026 $600.0 million — New
Capex, Growth FY2026 $2.9 billion–$3.4 billion — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.