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) Operating margin

Alert me on Operating margin

Enterprise Products Partners L.P.'s operating margin over the twelve months to 30 September 2026 was 12.7%, down 1.1 percentage points from fiscal 2025 (13.8%). Over the past ten years it has ranged from 11.9% (fiscal 2022) to 18.5% (fiscal 2019); the current reading is higher than 45% of that period. That is below the Oil & Gas Midstream industry median of 34.7% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.8% 0.76
FY2024 13.1% (0.89)
FY2023 13.9% 2.07
FY2022 11.9% (3.09)
FY2021 15.0% (3.55)
FY2020 18.5% (0.03)
FY2019 18.5% 3.74
FY2018 14.8% 1.36
FY2017 13.4% (2.11)
FY2016 15.6% 2.45

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 11.1% (1.22)
Jun 2026 12.3% (0.86)
Mar 2026 13.2% (1.50)
Dec 2025 14.7% 0.65
43 more quarters

Against its own ten years

Low 11.9% High 18.5%
Ten-year median 13.9%
Current reading's percentile 14

Operating margin against peers

Company Operating margin
TRP TC Energy Corporation compare 53.9%
MPLX MPLX LP compare 42.0%
WMB Williams Companies, Inc. (The) compare 37.5%
KMI Kinder Morgan, Inc. compare 29.0%
LNG Cheniere Energy, Inc. compare 28.1%
TRGP Targa Resources, Inc. compare 22.5%
OKE ONEOK, Inc. compare 14.2%
EPD Enterprise Products Partners L.P. 12.7%
ET Energy Transfer LP compare 9.17%
Oil & Gas Midstream industry median 34.7%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on EPD