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Enterprise Products Partners L.P. logo

Enterprise Products Partners L.P.

EPD

NYSEEnergyOil & Gas Midstream

Open in GoAI

Previous close

$38.01

−$0.42 · -1.09%

Aug 21, 4:00 PM ET

Pre-market

$38.17

+$0.16 · +0.42%

Aug 24, 8:25 AM ET

EPD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

88

Deep Value

Momentum

44

Neutral

Sentiment

62

Bullish

Risk resilience

84

Low Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Its operations are structured across four distinct business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services division focuses on natural gas processing and associated NGL marketing. This segment oversees 19 natural gas processing facilities situated across Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming. Furthermore, it manages an extensive network of NGL pipelines, fractionation plants, storage sites for NGLs and related products, and NGL marine export/import terminals. Within the Crude Oil Pipelines & Services segment, the company manages crude oil pipelines, along with storage and marine terminals. A notable asset in this segment is its fleet of 255 tractor-trailer tank trucks, crucial for crude oil transportation. It also actively participates in crude oil marketing. The Natural Gas Pipelines & Services segment is dedicated to the gathering, treatment, and transmission of natural gas through its pipeline systems. This includes leasing underground salt dome natural gas storage facilities in Napoleonville, Louisiana, and owning a similar underground salt dome storage cavern in Wharton County, Texas. Natural gas marketing also forms part of its activities. Finally, the Petrochemical & Refined Products Services segment handles propylene fractionation and related marketing efforts. Its capabilities extend to butane isomerization complexes and associated deisobutanizer operations, as well as facilities for octane enhancement and the production of high-purity isobutylene. This segment additionally operates refined products pipelines and terminals, and ethylene export terminals, complementing these with refined products marketing and marine transportation solutions. Established in 1968, Enterprise Products Partners L.P. maintains its corporate headquarters in Houston, Texas.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
US
CEO
A. James Teague
Listed since
Jul 28, 1998
Employees
8,000

Market position

Day range

Current $38.01

52-week range

Current $38.01

Open
$38.39
Previous close
$38.43
Volume
3.04M
0.84× average
Average volume
3.64M
Average daily volume
Market cap
82.24B USD
Beta
0.48
Market reference 1
50-day average
$37.6786
+0.88% above average
200-day average
$35.9217
+5.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
103.83B USD
P/E (TTM)
13.2×
P/B (TTM)
2.75×
P/S (TTM)
1.41×
EV / EBITDA
10.46×
Earnings yield
8.29%
Free cash flow yield
4.23%
Dividend yield
5.80%

Profitability & efficiency

Gross margin
13.25%
Operating margin
12.97%
Net margin
10.77%
Return on equity
19.55%
Return on assets
7.46%
Return on invested capital
10.29%

Financial health

Debt / equity
1.12×
Current ratio
1.04×
Altman Z-score
1.98
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%13%11%9%Gross margin, FY2021: 14.57%Gross margin, FY2022: 11.56%Gross margin, FY2023: 13.51%Gross margin, FY2024: 12.85%Gross margin, FY2025: 13.61%Operating margin, FY2021: 14.96%Operating margin, FY2022: 11.87%Operating margin, FY2023: 13.94%Operating margin, FY2024: 13.05%Operating margin, FY2025: 13.13%Net margin, FY2021: 11.37%Net margin, FY2022: 9.44%Net margin, FY2023: 11.13%Net margin, FY2024: 10.50%Net margin, FY2025: 11.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.57%. Gross margin FY2022 11.56%. Gross margin FY2023 13.51%. Gross margin FY2024 12.85%. Gross margin FY2025 13.61%. Operating margin FY2021 14.96%. Operating margin FY2022 11.87%. Operating margin FY2023 13.94%. Operating margin FY2024 13.05%. Operating margin FY2025 13.13%. Net margin FY2021 11.37%. Net margin FY2022 9.44%. Net margin FY2023 11.13%. Net margin FY2024 10.50%. Net margin FY2025 11.05%.

Income trends

Revenue

52.6B USD-6.44%

Operating income

6.91B USD-5.90%

Net income

5.81B USD-1.47%
Income trends across reported periods63.54B USD42.12B USD20.7B USD−716.8M USDRevenue, FY2021: 40.81B USDRevenue, FY2022: 58.19B USDRevenue, FY2023: 49.72B USDRevenue, FY2024: 56.22B USDRevenue, FY2025: 52.6B USDOperating income, FY2021: 6.1B USDOperating income, FY2022: 6.91B USDOperating income, FY2023: 6.93B USDOperating income, FY2024: 7.34B USDOperating income, FY2025: 6.91B USDNet income, FY2021: 4.64B USDNet income, FY2022: 5.49B USDNet income, FY2023: 5.53B USDNet income, FY2024: 5.9B USDNet income, FY2025: 5.81B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 40.81B USD. Revenue FY2022 58.19B USD. Revenue FY2023 49.72B USD. Revenue FY2024 56.22B USD. Revenue FY2025 52.6B USD. Operating income FY2021 6.1B USD. Operating income FY2022 6.91B USD. Operating income FY2023 6.93B USD. Operating income FY2024 7.34B USD. Operating income FY2025 6.91B USD. Net income FY2021 4.64B USD. Net income FY2022 5.49B USD. Net income FY2023 5.53B USD. Net income FY2024 5.9B USD. Net income FY2025 5.81B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue52.6B USD56.22B USD49.72B USD58.19B USD40.81B USD
Cost of goods sold45.44B USD49B USD43B USD51.46B USD34.86B USD
Gross profit7.16B USD7.22B USD6.72B USD6.73B USD5.95B USD
Selling, general, and administrative251M USD244M USD229M USD241M USD209M USD
Operating expenses251M USD−114M USD−213M USD−182M USD−156M USD
Interest income37M USD53M USD27M USD11M USD4.7M USD
Interest expense1.41B USD1.36B USD1.27B USD1.24B USD1.28B USD
Depreciation and amortization2.62B USD2.19B USD2.07B USD1.97B USD1.87B USD
Operating income6.91B USD7.34B USD6.93B USD6.91B USD6.1B USD
Net income5.81B USD5.9B USD5.53B USD5.49B USD4.64B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+0.77%
11 comparable reports
Latest EPS result
0.84
Estimate 0.75 · Beat by 12.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.880.780.670.57Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 0.74, estimate 0.701, surprise +5.56%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.64, estimate 0.705, surprise -9.22%, Miss. Q3 2025, reported Jul 28, 2025: actual 0.66, estimate 0.645, surprise +2.33%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.61, estimate 0.651, surprise -6.30%, Miss. Q1 2026, reported Feb 3, 2026: actual 0.75, estimate 0.69, surprise +8.70%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.68, estimate 0.714, surprise -4.76%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.84, estimate 0.748, surprise +12.30%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.75, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates19B16.21B13.42B10.63BQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 14.2B USD, estimate 14.13B USD, surprise +0.53%, Beat. Q2 2025, reported Apr 29, 2025: actual 15.42B USD, estimate 14B USD, surprise +10.12%, Beat. Q3 2025, reported Jul 28, 2025: actual 11.36B USD, estimate 14.18B USD, surprise -19.84%, Miss. Q4 2025, reported Oct 30, 2025: actual 12.02B USD, estimate 11.83B USD, surprise +1.62%, Beat. Q1 2026, reported Feb 3, 2026: actual 13.79B USD, estimate 12.36B USD, surprise +11.55%, Beat. Q2 2026, reported Apr 28, 2026: actual 14.39B USD, estimate 13.62B USD, surprise +5.66%, Beat. Q3 2026, reported Jul 30, 2026: actual 18.27B USD, estimate 13.69B USD, surprise +33.47%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 15.28B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$41.00

7.87% upside
Past 12 months12-month forecastHigh $45.00Average $41.00Low $38.00

Rating distribution

45 ratings
Strong buy00%
Buy3476%
Hold920%
Sell24%
Strong sell00%

Recent analyst actions

12 institutions
JefferiesmaintainHold

EPD news

247wallst.com

These 4 Dividend Stocks Yield Over 7%. Roth Owners Keep Every Penny

At the 24% federal marginal bracket, roughly one of every four dollars of ordinary dividend income earned in a taxable brokerage account is handed to the IRS.

Read source
defenseworld.net

Allworth Financial LP Cuts Stock Holdings in Enterprise Products Partners L.P. $EPD

Allworth Financial LP lessened its stake in shares of Enterprise Products Partners L.P. (NYSE: EPD) by 28.1% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission.…

Read source
zacks.com

Will Enterprise' Expanding Infrastructure Support Long-Term Growth?

EPD's fee-based business model, inflation-protected cash flows and $6.5B project pipeline support earnings and cash flow growth.

Read source
seekingalpha.com

Enterprise Products Partners' Stellar Performance Demands An Upgrade

Enterprise Products Partners is upgraded to a ‘strong buy' due to robust financial performance, attractive valuation, and sector-leading net leverage. EPD's Q2 revenue surged 60.8% year-over-year, with significant gains…

Read source
zacks.com

Here's Why Enterprise Products Partners (EPD) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read source
seekingalpha.com

Western Midstream Is Now As Expensive As EPD - Think About That

I reiterate my Strong Buy on Western Midstream: the April call worked, returning ~25%, but the growth-led thesis ahead still stands. The rerating to EPD's multiple is largely done, so returns from here rely on 7-8%…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.16

2025 complete year+20.0% since 2021

2026 partial: $1.66

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 31, 2026

$0.56

Quarterly

Record Jul 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Apr 30, 2026

$0.55

Quarterly

Record Apr 30, 2026 · Payment May 14, 2026

Dividend

Ex-dividend Jan 30, 2026

$0.55

Quarterly

Record Jan 30, 2026 · Payment Feb 13, 2026

Dividend

Ex-dividend Oct 31, 2025

$0.545

Quarterly

Record Oct 31, 2025 · Payment Nov 14, 2025

Dividend

Ex-dividend Jul 31, 2025

$0.545

Quarterly

Record Jul 31, 2025 · Payment Aug 14, 2025

Dividend

Ex-dividend Apr 30, 2025

$0.535

Quarterly

Record Apr 30, 2025 · Payment May 14, 2025

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ETFs holding EPD

Funds reporting this stock among their holdings, ordered by reported position size.

Alerian MLP ETF logoAlerian MLP ETFAMLP
Market value
1.66B
Weight
11.43%
AUM
13.27B USD
Expense ratio
1.01%
Price / 1D
$54.75-0.29%
First Trust North American Energy Infrastructure Fund logoFirst Trust North American Energy Infrastructure FundEMLP
Market value
367.96M
Weight
8.78%
AUM
4.13B USD
Expense ratio
0.95%
Price / 1D
$43.72-1.60%
Global X - MLP ETF logoGlobal X - MLP ETFMLPA
Market value
314.54M
Weight
13.39%
AUM
2.35B USD
Expense ratio
0.77%
Price / 1D
$56.38-0.14%
Global X - MLP & Energy Infrastructure ETF logoGlobal X - MLP & Energy Infrastructure ETFMLPX
Market value
158.87M
Weight
4.42%
AUM
3.6B USD
Expense ratio
0.45%
Price / 1D
$74.36-1.35%
FT Energy Income Partners Enhanced Income ETF logoFT Energy Income Partners Enhanced Income ETFEIPI
Market value
93.91M
Weight
8.47%
AUM
1.1B USD
Expense ratio
1.11%
Price / 1D
$22.51-1.57%
InfraCap MLP ETF logoInfraCap MLP ETFAMZA
Market value
55.85M
Weight
11.69%
AUM
477.66M USD
Expense ratio
1.72%
Price / 1D
$49.87+0.14%
FT Energy Income Partners Strategy ETF logoFT Energy Income Partners Strategy ETFEIPX
Market value
41.05M
Weight
7.02%
AUM
579.54M USD
Expense ratio
0.95%
Price / 1D
$33.18-0.91%
MLP & Energy Infrastructure High Income ETF logoMLP & Energy Infrastructure High Income ETFMLPI
Market value
40.34M
Weight
4.51%
AUM
895M USD
Expense ratio
0.68%
Price / 1D
$53.86-0.81%

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