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
+49.3%
EPS
+23.0%
Free cash flow
+1,121.0%
Total debt
−0.40%

Quarter to September 2026, against a year earlier

36.74 0.03 +0.08%
Market cap
$79.1B
P/E
12.2×
Fwd P/E
12.6×
Dividend yield
6.04%
F-score
6/9
Altman Z
n/a
Beneish M
−2.97
Dividend safety
41/100

Enterprise Products Partners L.P. (EPD) Gross margin

Alert me on Gross margin

Enterprise Products Partners L.P.'s gross margin over the twelve months to 30 September 2026 was 12.5%, down 1.1 percentage points from fiscal 2025 (13.6%). Over the past ten years it has ranged from 11.5% (fiscal 2022) to 17.8% (fiscal 2020); the current reading is higher than 55% of that period. That is below the Oil & Gas Midstream industry median of 54.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 13.6% 0.85
FY2024 12.8% (0.71)
FY2023 13.5% 1.98
FY2022 11.5% (2.55)
FY2021 14.0% (3.71)
FY2020 17.8% 0.28
FY2019 17.5% 3.41
FY2018 14.1% 1.46
FY2017 12.6% (2.08)
FY2016 14.7% 2.25

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 10.9% (1.12)
Jun 2026 12.1% (1.03)
Mar 2026 13.1% (1.42)
Dec 2025 14.5% 0.73
43 more quarters

Against its own ten years

Low 11.5% High 17.8%
Ten-year median 13.6%
Current reading's percentile 16

Gross margin against peers

Company Gross margin
WMB Williams Companies, Inc. (The) compare 82.1%
TRP TC Energy Corporation compare 70.4%
KMI Kinder Morgan, Inc. compare 66.4%
MPLX MPLX LP compare 57.6%
TRGP Targa Resources, Inc. compare 41.8%
LNG Cheniere Energy, Inc. compare 36.4%
OKE ONEOK, Inc. compare 25.2%
ET Energy Transfer LP compare 21.3%
EPD Enterprise Products Partners L.P. 12.5%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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