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Enterprise Products EPD

US equityMarket cap rank #201Oil & Gas Midstream
$37.54
−$0.03 (-0.08%)
Market open · Sep 24, 1:10 pm ET
After hours $37.79 +0.59%
Open$37.75
Prev close$37.57
Day range$37.45 – $38.02
Volume1.34M
Market cap$81.07B
P/E (TTM)13.0
Dividend yield5.83%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$18.27B+60.8% YoY
Operating profit$2.14B+25.7% YoY
Net profit$1.86B+27.6% YoY
Diluted EPS$0.84+27.3% YoY
Free cash flow$2.02B+165.5% YoY
Operating cash flow$3.18B

Revenue, last 8 quarters

$13.8BSep '24$14.2BDec '24$15.4BMar '25$11.4BJun '25$12.0BSep '25$13.8BDec '25$14.4BMar '26$18.3BJun '26

Net profit, last 8 quarters

$1.4BSep '24$1.6BDec '24$1.4BMar '25$1.5BJun '25$1.4BSep '25$1.7BDec '25$1.5BMar '26$1.9BJun '26

Diluted EPS by quarter

0.65Sep '240.74Dec '240.64Mar '250.66Jun '250.61Sep '250.75Dec '250.68Mar '260.84Jun '26

Free cash flow by quarter

$898.0MSep '24$1.3BDec '24$1.3BMar '25$762.0MJun '25$-220.0MSep '25$1.2BDec '25$486.0MMar '26$2.0BJun '26

Annual revenue

$27.2BFY20$40.8BFY21$58.2BFY22$49.7BFY23$56.2BFY24$52.6BFY25

Profitability & balance sheet

Gross margin13.2%
Operating margin12.8%
Net margin10.7%
Return on equity21.0%
Return on assets7.8%
Return on invested capital12.2%
Current ratio0.93
Liabilities / assets62.0%
Cash & investments$246.00M
Total debt$33.93B
Net cash (debt)-$33.68B
Free cash flow / sales5.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Crude Oil Pipelines & Services$25.26B 39.7%
  • Natural gas liquid (NGL) Pipelines & Services$23.92B 37.6%
  • Petrochemical & Refined Products Services$13.48B 21.2%
  • Natural Gas Pipelines & Services$892.00M 1.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $18.27B $14.39B $52.60B $13.79B $12.02B
Total Operating Revenue $18.27B $14.39B $52.60B $13.79B $12.02B
Cost of Revenue $16.07B $12.50B $45.44B $11.79B $10.37B
Gross Profit $2.20B $1.88B $7.16B $2.00B $1.66B
Operating Expense $64.00M $64.00M $251.00M $62.00M $61.00M
Selling and Admin Expenses $64.00M $64.00M $251.00M $62.00M $61.00M
-General & Admin Expense $64.00M $64.00M $251.00M $62.00M $61.00M
Operating Profit $2.14B $1.82B $6.91B $1.94B $1.60B
Net Non-Operating Interest Income (Expense) -$380.00M -$378.00M -$1.37B -$368.00M -$345.00M
Non-Operating Interest Income $6.00M $9.00M $37.00M $9.00M $11.00M
Non-Operating Interest Expense $386.00M $387.00M $1.41B $377.00M $356.00M
Other Income (Expense) $108.00M $77.00M $365.00M $85.00M $92.00M
Earnings from Equity Interest $109.00M $76.00M $361.00M $85.00M $90.00M
Other Non-Operating Income (Expenses) -$1.00M $1.00M $4.00M $0.00 $2.00M
Pretax Profit $1.87B $1.52B $5.90B $1.66B $1.34B
Tax $12.00M $22.00M $23.00M -$4.00M -$13.00M
Net Profit $1.86B $1.50B $5.88B $1.66B $1.36B
Profit from Continuing Operations $1.86B $1.50B $5.88B $1.66B $1.36B
Minority Interests $15.00M $13.00M $62.00M $15.00M $17.00M
Net Income to Parent Company $1.84B $1.48B $5.81B $1.65B $1.34B
Preferred Stock Dividends $1.00M $1.00M $4.00M $1.00M $1.00M
Other Preferred Stock Dividends $17.00M $15.00M $55.00M
Net Income to Common Stockholders $1.82B $1.47B $5.76B $1.59B $1.34B
Basic EPS $0.84 $0.68 $2.66 $0.76 $0.61
Diluted EPS $0.84 $0.68 $2.66 $0.75 $0.61
Dividend Per Share $0.55 $0.55 $2.16 $0.55 $0.55

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $81.76B $80.56B $77.90B $77.90B $77.82B
Total Current Assets $15.91B $15.68B $13.36B $13.36B $13.24B
Cash and Cash Equivalents & Short-Term Investments $246.00M $191.00M $969.00M $969.00M $206.00M
-Cash and Cash Equivalents $246.00M $191.00M $969.00M $969.00M $206.00M
Receivables $9.40B $8.35B $6.50B $6.50B $7.52B
-Accounts Receivable $9.40B $8.34B $6.49B $6.49B $7.52B
-Due from Related Parties Current $2.00M $1.00M $1.00M $1.00M $1.00M
Inventory $4.67B $5.23B $3.88B $3.88B $4.16B
Restricted Cash $99.00M $203.00M $276.00M $276.00M $226.00M
Other Current Assets $832.00M $713.00M $1.30B $1.30B $677.00M
Total Non-Current Assets $65.85B $64.88B $64.54B $64.54B $64.59B
Net PPE $52.98B $51.73B $51.36B $51.36B $51.51B
-Gross PPE $78.38B $76.60B $75.70B $75.70B $75.32B
-Accumulated Depreciation -$25.40B -$24.87B -$24.34B -$24.34B -$23.81B
Investments and Advances $2.17B $2.18B $2.19B $2.19B $2.20B
-Long Term Equity Investment $2.17B $2.18B $2.19B $2.19B $2.20B
Goodwill and Other Intangible Assets $9.76B $9.82B $9.87B $9.87B $9.92B
-Goodwill $5.71B $5.71B $5.71B $5.71B $5.71B
-Other Intangible Assets $4.05B $4.10B $4.16B $4.16B $4.21B
Other Non-Current Assets $944.00M $1.16B $1.13B $1.13B $954.00M
Total Liabilities $50.65B $50.17B $47.29B $47.29B $47.72B
Total Current Liabilities $17.15B $17.22B $12.83B $12.83B $15.05B
Payables $13.17B $12.59B $9.42B $9.42B $11.05B
-Accounts Payable $1.33B $1.30B $1.02B $1.02B $1.36B
-Due to Related Parties Current $151.00M $108.00M $217.00M $217.00M $161.00M
-Other Payable $11.68B $11.18B $8.18B $8.18B $9.53B
Current Accrued Expenses $552.00M $288.00M $566.00M $566.00M $288.00M
Short-Term Debt and Capital Lease Obligation $2.11B $2.71B $1.63B $1.63B $2.46B
-Current Debt $2.02B $2.71B $1.63B $1.63B $2.46B
-Current Capital Lease Obligation $90.00M
Other Current Liabilities $1.32B $1.63B $1.22B $1.22B $1.25B
Total Non-Current Liabilities $33.50B $32.95B $34.46B $34.46B $32.67B
Long Term Debt and Capital Lease Obligation $31.91B $31.20B $33.15B $33.15B $31.11B
-Long Term Debt $31.21B $31.20B $32.77B $32.77B $31.11B
-Long Term Capital Lease Obligation $701.00M $377.00M $377.00M
Non-Current Deferred Liabilities $720.00M $716.00M $963.00M $963.00M $655.00M
Other Non-Current Liabilities $872.00M $1.03B $45.00M $45.00M $903.00M
Total Equity $31.11B $30.39B $30.61B $30.61B $30.10B
Share capital $30.29B $29.57B $29.78B $29.78B $29.26B
Minority Interests $816.00M $821.00M $831.00M $831.00M $841.00M
Derivative Product Liabilities $16.00M $16.00M
Non-Current Liabilities $285.00M $285.00M
Convertible preferred securities $44.00M $44.00M $50.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $3.18B $1.47B $8.59B $2.47B $1.74B
Net cash flow from continuing operations $3.18B $1.47B $8.59B $2.47B $1.74B
Net Income from Continuing Operations $1.86B $1.50B $5.88B $1.66B $1.36B
Gain/Loss from Continuing Operations -$240.00M $23.00M -$359.00M -$94.00M -$60.00M
Depreciation & Depletion & Amortization $630.00M $613.00M $2.32B $603.00M $585.00M
Deferred Tax $5.00M $14.00M $46.00M $47.00M -$17.00M
Other Non-Cash Items $147.00M $101.00M $409.00M $115.00M $88.00M
Change in Working Capital $666.00M -$861.00M -$124.00M $45.00M -$322.00M
-Change in Receivables -$1.05B -$1.85B $2.75B $1.02B $46.00M
-Change in Inventory $512.00M -$1.27B $122.00M $223.00M -$157.00M
-Change in Prepaid Assets -$547.00M $360.00M $27.00M $108.00M $47.00M
-Change in Payables and Accrued Expense $955.00M $2.81B -$2.75B -$1.14B -$301.00M
-Change in Other Current Assets $1.00M -$2.00M $58.00M $35.00M -$24.00M
-Change in Other Current Liabilities $798.00M -$915.00M -$334.00M -$208.00M $67.00M
Net cash flow from investing -$1.15B -$381.00M -$5.49B -$1.24B -$1.94B
Net Cash Flow from Continuing Investing Activities -$1.15B -$381.00M -$5.49B -$1.24B -$1.94B
Capital Expenditure -$1.16B -$983.00M -$5.62B -$1.30B -$1.96B
Net Other Investing Changes -$8.00M $591.00M $57.00M $49.00M $2.00M
Financing Cash Flow -$2.08B -$1.94B -$2.69B -$424.00M -$467.00M
Net Cash Flow from Continuing Financing Activities -$2.08B -$1.94B -$2.69B -$424.00M -$467.00M
Net Issuance Payments Of Debt -$690.00M -$485.00M $2.51B $825.00M $840.00M
Net Common Stock Issuance -$159.00M -$116.00M -$300.00M -$50.00M -$80.00M
Cash Dividends Paid -$1.19B -$1.19B -$4.68B -$1.18B -$1.18B
Net Other Financing Charges -$37.00M -$149.00M -$219.00M -$20.00M -$47.00M
Ending Cash Balance $345.00M $394.00M $1.25B $1.25B $432.00M
Net Change in Cash -$49.00M -$851.00M $407.00M $813.00M -$664.00M
Beginning Cash Balance $394.00M $1.25B $838.00M $432.00M $1.10B
Free Cash Flow $2.02B $486.00M $2.97B $1.17B -$220.00M
Net Business Purchase and Sale -$2.00M -$1.00M $0.00
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