Sunday 1 November 2026 Export EPD’s income statement to Excel — free account

Enterprise Products Partners L.P.

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%

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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 Segments Filings

Enterprise Products Partners L.P. (EPD) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Crude Oil Pipelines & Services	20,761	39.47%
NGL Pipelines & Services	17,316	32.92%
Petrochemical & Refined Products Services	10,352	19.68%
Natural Gas Pipelines & Services	4,167	7.92%
Gross margin		13.61%
Operating margin		13.81%
Pre-tax margin		11.22%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2016	FY2015	FY2012	FY2010	FY2009
Crude Oil Pipelines & Services	20,761 39.47%	21,580 38.39%	19,336 38.89%	18,561 31.90%	6,515 28.30%	10,306 38.13%	17,662 41.48%	10,795 31.99%	7,191 28.19%
NGL Pipelines & Services	17,316 32.92%	20,276 36.07%	17,645 35.49%	24,259 41.69%	10,243 44.49%	9,788 36.21%	15,168 35.62%	14,203 42.09%	12,309 48.25%
Petrochemical & Refined Products Services	10,352 19.68%	11,359 20.20%	8,958 18.02%	9,106 15.65%	3,722 16.17%	4,112 15.21%	6,209 14.58%	4,730 14.02%	2,521 9.88%
Natural Gas Pipelines & Services	4,167 7.92%	3,004 5.34%	3,776 7.60%	6,260 10.76%	2,543 11.05%	2,743 10.15%	3,353 7.87%	3,702 10.97%	3,150 12.35%
Offshore Pipelines And Services	—	—	—	—	—	79 0.29%	192 0.45%	311 0.92%	340 1.33%
Other Equity Investments	—	—	—	—	—	—	0 0.00%	—	—
Revenue	52,596	56,219	49,715	58,186	23,022	27,028	42,583	33,739	25,511

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2016	FY2015	FY2012	FY2010	FY2009
NGL Pipelines & Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Crude Oil Pipelines & Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Petrochemical & Refined Products Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural Gas Pipelines & Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Butane isomerization volumes	Q3 FY2026	125.0K	123.0K	+1.63%
Crude oil marine terminal volumes	Q3 FY2026	926.0K	720.0K	+28.61%
Crude oil pipeline transportation volumes	Q3 FY2026	2.7M	2.6M	+1.82%
Equity NGL-equivalent production volumes	Q3 FY2026	242.0K	225.0K	+7.56%
Equivalent pipeline transportation volumes	Q3 FY2026	14.8M	13.9M	+6.63%
Fee-based natural gas processing volumes	Q3 FY2026	8.2B	7.5B	+9.95%
Natural gas pipeline transportation volumes	Q3 FY2026	22.70T	21.03T	+7.93%
Natural gas processing inlet volumes	Q3 FY2026	8.5B	8.1B	+6.03%
NGL, crude oil, petrochemical and refined products pipeline transportation volumes	Q3 FY2026	8.9M	8.4M	+5.77%
NGL, crude oil, refined products and petrochemical marine terminal volumes	Q3 FY2026	2.5M	2.0M	+28.35%
NGL fractionation volumes	Q3 FY2026	1.9M	1.6M	+15.53%
NGL marine terminal volumes	Q3 FY2026	1.2M	908.0K	+31.72%
NGL pipeline transportation volumes	Q3 FY2026	5.0M	4.7M	+6.05%
Octane enhancement and related plant sales volumes	Q3 FY2026	48.0K	41.0K	+17.07%
Pipeline transportation volumes, primarily refined products and petrochemicals	Q3 FY2026	1.2M	1.1M	+14.39%
Propylene production volumes	Q3 FY2026	124.0K	119.0K	+4.20%
Refined products and petrochemicals marine terminal volumes	Q3 FY2026	413.0K	347.0K	+19.02%
Remaining performance obligations	Q2 FY2026	$25.9B	$27.5B	−5.66%
Standalone DIB processing volumes	Q3 FY2026	221.0K	196.0K	+12.76%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q4 FY2019	Q2 FY2018
Butane isomerization volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Crude oil marine terminal volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Crude oil pipeline transportation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equity NGL-equivalent production volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equivalent pipeline transportation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fee-based natural gas processing volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas pipeline transportation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas processing inlet volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL, crude oil, petrochemical and refined products pipeline transportation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL, crude oil, refined products and petrochemical marine terminal volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL fractionation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL marine terminal volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NGL pipeline transportation volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Octane enhancement and related plant sales volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pipeline transportation volumes, primarily refined products and petrochemicals	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Propylene production volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refined products and petrochemicals marine terminal volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Standalone DIB processing volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.