Enterprise Products Partners L.P.

EPD

$39.17

-0.48%

2026-09-03 16:00:03 EDT-$0.19

Energy

Oil & Gas Midstream

NYSE

Active Trading

Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural ...

Price Action of EPD

$39.17

-0.48%-$0.19

High—

Low—

52W High-1.0%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services. Founded in 1968 by Dan Duncan, the company is headquartered in Houston, Texas, and has grown to become a key player in the energy infrastructure sector. ...Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services. Founded in 1968 by Dan Duncan, the company is headquartered in Houston, Texas, and has grown to become a key player in the energy infrastructure sector. EPD operates across four business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL segment includes natural gas processing facilities across six states, extensive NGL pipelines, fractionation plants, storage, and marine terminals. The crude oil segment manages pipelines, storage, and marine terminals, along with a fleet of 255 tractor-trailer tank trucks. The natural gas segment focuses on gathering, treating, and transmitting natural gas, with underground storage facilities. The petrochemical segment handles propylene fractionation, butane isomerization, and refined products pipelines and terminals. As of 2024, the company employs approximately 8,000 people. Financially, EPD has a market capitalization of around $82 billion, with a price-to-earnings ratio of 13.2 and a dividend yield of 5.8%. The company generated revenue per share of $26.76 and a net profit margin of 10.8%. EPD is known for its stable cash flows, investment-grade credit rating, and commitment to returning capital to unitholders through distributions. The company continues to expand its infrastructure to meet growing energy demands, with recent projects including the SPOT ethylene export terminal and natural gas processing plants in the Permian Basin. Leadership, including CEO A. James Teague, focuses on operational excellence and strategic growth. EPD's long-term vision is to provide reliable, safe, and efficient energy services while creating value for stakeholders.ExpandCollapse

Founded

1968

Employees

8000

CEO

W. Randall Fowler

Full Name

Enterprise Products Partners L.P.

Sector

Energy

Industry

Oil & Gas Midstream

ROE

21.21%

Market Cap

$84.75B

Current Ratio

0.93

WACC

6.09%

ROIC

12.74%

Contact Information

https://www.enterpriseproducts.com

713 381 6500

1100 Louisiana Street, Houston, TX 77002

Key Metrics of EPD

Snapshot

Latest / TTM · 6 periods

Market Cap

$84.75B

ROCE

11.7%

EV / EBITDA

11.17x

+1.1% YoY

FCF Yield

4.1%

-0.1% YoY

Cash Conversion Cycle

82.7d

Current Ratio

0.93

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of EPD

Profitability trend

Latest / TTM · 6 periods

Gross Margin

13.2%

Net Margin

10.8%

P/E Ratio

13.60x

n/a

Debt / Equity

1.12

n/a

Current Ratio

0.93

Dividend Yield

5.6%

Understanding

TTM —

Current ratio below 1.0

Calendar of EPD

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $2.99 · Revenue $62.88B · 8 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $3.21 · Revenue $67.30B · 10 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $0.83 · Revenue $20.36B · 2 analysts
Dec 30, 2028
Q4 FY2028 · Estimated results
Est. EPS $0.90 · Revenue $22.28B · 2 analysts

Recent history

Aug 14, 2026
Dividend payment
$2.21 per share
Aug 7, 2026
Q2 FY2026 · Results reported
EPS $0.84 · Revenue $18.27B
View filing
Jul 31, 2026
Ex-dividend date
$2.21 per share
May 7, 2026
Q1 FY2026 · Results reported
EPS $0.68 · Revenue $14.39B
View filing
Feb 27, 2026
FY2025 · Annual results
EPS $2.66 · Revenue $52.60B
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $0.61 · Revenue $12.02B
View filing

Financial Statements of EPD

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$52.6B	-6.4%	+27.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$5.8B	-1.5%	+24.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+13.6%	+5.9%	-7.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+13.1%	+0.6%	-7.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+11.1%	+5.3%	-2.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$3.0B	-17.0%	+316.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+5.6%	-11.3%	+227.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	117.4%	+4.6%	-3.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.04x	+4.4%	+1.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$77.9B	+1.0%	+1.4%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	2.66 vs 2.61	+1.9%	0.84 vs 0.83	+0.7%
Revenue Surprise	$52.6B vs $51.6B	+1.9%	$18.3B vs $20.4B	-10.3%

Insider Transactions of EPD

Acquisitions (A)

Since Feb 16, 2026

Disposals (D)

Since Feb 16, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Mar 20, 2026	TEAGUE AJ	director, officer: CO-CHIEF EXECUTIVE OFFICER	Common Units Representing Limited Partnership Interests	A	2,665	$37.55
Feb 16, 2026	WILLIAMS RANDA DUNCAN	director, 10 percent owner:	Common Units Representing Limited Partnership Interests	A	482,000	—
Feb 16, 2026	WILLIAMS RANDA DUNCAN	director, 10 percent owner:	Common Units Representing Limited Partnership Interests	D	189,667	$36.75
Feb 16, 2026	WILLIAMS RANDA DUNCAN	director, 10 percent owner:	Phantom Units	D	482,000	—
Feb 16, 2026	BACHMANN RICHARD H	director	Common Units Representing Limited Partnership Interests	A	83,500	—

Earnings Call Transcript of EPD

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Thank you for standing by, and welcome to Enterprise Products Partners LP's Second Quarter 2026 Earnings Conference Call. I would now like to hand the call over to Joe Theriac, VP of Finance and Investor Relations. Please go ahead. Joseph Theriac: Thanks, Latif. Good morning, and welcome to the Enterprise Products Partners conference call to discuss second quarter 2026 earnings. Our speakers today will be Co-Chief Executive Officers of Enterprise's General Partner, Jim Teague and Randy Fowler. Other members of our senior management team are also in attendance for the call today. During this call, we will make forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company as well as assumptions made by and information currently available to Enterprise's management team. Although management believes that the expectations reflected in such forward-looking statements are reasonable, can give no assurance that such expectations will prove to be correct. Please refer to our latest filings with the SEC for a list of factors that may cause actual results to differ materially from those in the forward-looking statements made during this call. And with that, I'll turn it over to Jim. A. Teague: Thank you, Joe, and good morning, everyone. Enterprise reported strong volumes, earnings and cash flow for the second quarter. These results were driven by strong global demand for U.S. Energy, which was particularly strong during April and May. Our export facilities, pipelines, storage assets and fractionation complexes altogether to provide our customers with the reliable access to both domestic and international markets. Our teams responded exceptionally well to the elevated demand levels. In the second quarter, we generated a record $2.8 billion of EBITDA, a 17% increase over the second quarter of last year, and that provided 1x coverage of our distributions. We handled record pipeline and marine terminal volumes direct during the quarter. Total pipeline volumes were up 8%, and our marine terminals were up outstanding 33% compared to the second quarter of last year. We moved 14.7 million barrels a day of oil equivalent. I remember being ecstatic when that was 10 million barrels a day. Now we're knocking on the door of 15, and we moved 2.8 million barrels per day across our docks. I think it's important that we recognize our engineering and operations teams for their outstanding execution during the quarter. Their efforts enabled Enterprise to accelerate construction activities and begin commissioning the expansion of our Neches River NGL marine terminal ahead of schedule. The team demonstrated exceptional responsiveness and operational excellence while meeting customer -- strong customer demand, maintained high standards of safety and reliability to define Enterprise. Natural gas processing, inlet volumes increased to 8.1 billion cubic feet a day. In the Permian, we saw a 14% …

Leadership Team of EPD

10 executives

Name	Title	Compensation	Gender	Year Born	Status
A. James Teague	Co-CEO & Director of Enterprise Products Holdings LLC	USD 6,887,598	Male	1945	Active
W. Randall Fowler	Co-CEO & Director of Enterprise Products Holdings LLC	USD 6,887,598	Male	1957	Active
Graham W. Bacon	Executive Vice President & Chief Operating Officer of Enterprise Products Holdings LLC	USD 2,073,866	Male	1964	Active
Richard Daniel Boss	Executive Vice President, Principal Accounting Officer & Chief Financial Officer of Enterprise Products Holdings LLC	USD 1,608,804	Male	1975	Active
Christian Nelly	Executive Vice President of Finance & Sustainability and Treasurer of Enterprise Products Holdings LLC	USD 1,560,178	Male	1976	Active
Michael C. Hanley	Executive VP & Chief Commercial Officer	USD 1,013,091	Male	1984	Active
Harry Paul Weitzel	Executive Vice President, General Counsel, Secretary & Director of Enterprise Products Holdings LLC	USD 799,084	Male	1964	Active
Anthony C. Chovanec	Executive Vice President of Fundamentals & Commodity Risk Assessment	—	Male	—	Active
John R. Burkhalter	Vice President of Investor Relations	—	Male	—	Active
Karen D. Taylor	Senior Vice President of Human Resources - Enterprise Products Holdings LLC	—	Female	—	Active

Recent News of EPD

24/7 Wall Street8/12/2026Neutral

These 4 Dividend Stocks Yield 8%. Only Roth Owners Keep All of It

At the 24% federal bracket, a $50,000 stream of ordinary dividend income hands roughly $12,000 to the IRS every year.

The Motley Fool8/11/2026Neutral

Forget Oil Majors: This Midstream Stock Pays a Better Dividend

Enterprise Products Partners' dividend yield of 5.8% surpasses that of major oil companies. The company operates a fee-based model that provides stability against commodity price volatility.

Invezz8/10/2026Neutral

Three dividend stocks to lock in $1,500 per year in passive income

A $10,000 investment each in three high-yield dividend stocks: Realty Income, Enterprise Product Partners, and Hormel Foods can set you up for a reliable $1,500 per year in passive income. Of course, the distribution rate fluctuates with share price, but these three names have compounded through multiple economic cycles without cutting a payment.

Business Wire8/10/2026Neutral

Enterprise to Participate in Investor Conferences

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will participate in meetings with investors at the following conferences: Citi Natural Resources Conference in Las Vegas, Nevada on Tuesday, August 11, 2026; and TD Cowen Energy Conference in Austin, Texas on Thursday, September 24, 2026 and Friday September 25, 2026. The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterpris.

Fool - Investing News8/10/2026Neutral

All It Takes Is $10,000 Invested in Equal Parts of These 3 High-Yield Dividend Stocks to Generate Over $1,500 in Yearly Dividends.

Reliable dividend stocks with attractive yields can build a powerful dividend stream, with a side of dividend growth.

Historical Employee Count of EPD

Current

8,000

Change

+2.56%

Minimum

6,911

Maximum

8,000

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	8,000	10-K	Feb 27, 2026	View
Dec 31, 2024	7,800	10-K	Feb 28, 2025	View
Dec 31, 2023	7,500	10-K	Feb 28, 2024	View
Dec 31, 2022	7,300	10-K	Feb 28, 2023	View
Dec 31, 2021	6,911	10-K	Feb 28, 2022	View

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Enterprise Products Partners L.P.