Stocks · Energy · Natural Gas Transmission

ENTERPRISE PRODUCTS PARTNERS L.P.

EPD Clue Score46
United States Fiscal year ends December CIK 0001061219
$35.91 -0.47% Close, 12 Oct 2026
Price $35.91 +49.69% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue23.02Operating income3.58Net income2.51Fiscal year 2017Revenue29.24 +27.0%Operating income3.93Net income2.80 +11.4%Fiscal year 2018Revenue36.53 +24.9%Operating income5.41Net income4.17 +49.1%Fiscal year 2019Revenue32.79 −10.3%Operating income6.08Net income4.59 +10.0%Fiscal year 2020Revenue27.20 −17.0%Operating income5.04Net income3.78 −17.8%Fiscal year 2021Revenue40.81 +50.0%Operating income6.10Net income4.63 +22.8%Fiscal year 2022Revenue58.19 +42.6%Operating income6.91Net income5.49 +18.4%Fiscal year 2023Revenue49.72 −14.6%Operating income6.93Net income5.53 +0.8%Fiscal year 2024Revenue56.22 +13.1%Operating income7.34Net income5.90 +6.7%Fiscal year 2025Revenue52.60 −6.4%Operating income7.27Net income5.81 −1.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 23.02 29.24 36.53 32.79 27.20 40.81 58.19 49.72 56.22 52.60
Growth +27.0% +24.9% −10.3% −17.0% +50.0% +42.6% −14.6% +13.1% −6.4%
Operating income 3.58 3.93 5.41 6.08 5.04 6.10 6.91 6.93 7.34 7.27
Net income 2.51 2.80 4.17 4.59 3.78 4.63 5.49 5.53 5.90 5.81
Growth +11.4% +49.1% +10.0% −17.8% +22.8% +18.4% +0.8% +6.7% −1.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin15.6%Net margin10.9%Free cash flow margin4.7%Fiscal year 2017Operating margin13.4%Net margin9.6%Free cash flow margin5.4%Fiscal year 2018Operating margin14.8%Net margin11.4%Free cash flow margin5.2%Fiscal year 2019Operating margin18.5%Net margin14.0%Free cash flow margin6.1%Fiscal year 2020Operating margin18.5%Net margin13.9%Free cash flow margin9.6%Fiscal year 2021Operating margin15.0%Net margin11.4%Free cash flow margin15.4%Fiscal year 2022Operating margin11.9%Net margin9.4%Free cash flow margin10.4%Fiscal year 2023Operating margin13.9%Net margin11.1%Free cash flow margin8.7%Fiscal year 2024Operating margin13.1%Net margin10.5%Free cash flow margin6.4%Fiscal year 2025Operating margin13.8%Net margin11.0%Free cash flow margin5.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 15.6% 13.4% 14.8% 18.5% 18.5% 15.0% 11.9% 13.9% 13.1% 13.8%
Net margin 10.9% 9.6% 11.4% 14.0% 13.9% 11.4% 9.4% 11.1% 10.5% 11.0%
Free cash flow margin 4.7% 5.4% 5.2% 6.1% 9.6% 15.4% 10.4% 8.7% 6.4% 5.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.07Capital expenditure−2.98Free cash flow1.08Buybacks0.00Fiscal year 2017Operating cash flow4.67Capital expenditure−3.10Free cash flow1.56 +44.5%Buybacks0.00Fiscal year 2018Operating cash flow6.13Capital expenditure−4.22Free cash flow1.90 +21.6%Buybacks−0.03Fiscal year 2019Operating cash flow6.52Capital expenditure−4.53Free cash flow1.99 +4.5%Buybacks−0.08Fiscal year 2020Operating cash flow5.89Capital expenditure−3.29Free cash flow2.60 +30.9%Buybacks−0.19Fiscal year 2021Operating cash flow8.51Capital expenditure−2.22Free cash flow6.29 +141.6%Buybacks−0.21Fiscal year 2022Operating cash flow8.04Capital expenditure−1.96Free cash flow6.08 −3.4%Buybacks−0.25Fiscal year 2023Operating cash flow7.57Capital expenditure−3.27Free cash flow4.30 −29.2%Buybacks−0.19Fiscal year 2024Operating cash flow8.12Capital expenditure−4.54Free cash flow3.57 −17.0%Buybacks−0.22Fiscal year 2025Operating cash flow8.59Capital expenditure−5.62Free cash flow2.97 −17.0%Buybacks−0.30
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.07 4.67 6.13 6.52 5.89 8.51 8.04 7.57 8.12 8.59
Capital expenditure −2.98 −3.10 −4.22 −4.53 −3.29 −2.22 −1.96 −3.27 −4.54 −5.62
Free cash flow 1.08 1.56 1.90 1.99 2.60 6.29 6.08 4.30 3.57 2.97
Growth +44.5% +21.6% +4.5% +30.9% +141.6% −3.4% −29.2% −17.0% −17.0%
Buybacks 0.00 0.00 −0.03 −0.08 −0.19 −0.21 −0.25 −0.19 −0.22 −0.30

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.06Total debt23.70Net cash (debt)−23.63Fiscal year 2017Cash0.01Total debt24.57Net cash (debt)−24.56Fiscal year 2018Cash0.34Total debt26.18Net cash (debt)−25.83Fiscal year 2019Cash0.33Total debt27.63Net cash (debt)−27.29Fiscal year 2020Cash1.06Total debt29.87Net cash (debt)−28.81Fiscal year 2021Cash2.82Total debt29.54Net cash (debt)−26.72Fiscal year 2022Cash0.08Total debt28.30Net cash (debt)−28.22Fiscal year 2023Cash0.18Total debt28.75Net cash (debt)−28.57Fiscal year 2024Cash0.58Total debt31.90Net cash (debt)−31.31Fiscal year 2025Cash0.97Total debt34.40Net cash (debt)−33.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.06 0.01 0.34 0.33 1.06 2.82 0.08 0.18 0.58 0.97
Total debt 23.70 24.57 26.18 27.63 29.87 29.54 28.30 28.75 31.90 34.40
Net cash (debt) −23.63 −24.56 −25.83 −27.29 −28.81 −26.72 −28.22 −28.57 −31.31 −33.43

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.06 0.01 0.34 0.33 1.06 2.82 0.08 0.18 0.58 0.97
3.33 4.36 3.66 4.87 4.80 6.97 6.96 n/a n/a n/a
1.77 1.61 1.52 2.09 3.30 2.68 2.55 3.35 3.96 3.88
33.29 35.62 38.74 41.60 41.91 42.09 44.40 45.80 49.06 51.36
5.75 5.75 5.75 5.75 5.45 5.45 5.61 5.61 5.71 5.71
52.19 54.42 56.97 61.73 64.11 67.53 68.11 70.98 77.17 77.90
Growth +4.3% +4.7% +8.4% +3.8% +5.3% +0.9% +4.2% +8.7% +1.0%
Liabilities
2.58 2.86 1.50 1.98 1.33 1.40 1.74 1.30 1.15 1.63
21.12 21.71 24.68 25.64 28.54 28.14 26.55 27.45 30.75 32.77
calc 23.70 24.57 26.18 27.63 29.87 29.54 28.30 28.75 31.90 34.40
Per share and net cash
calc −23.63 −24.56 −25.83 −27.29 −28.81 −26.72 −28.22 −28.57 −31.31 −33.43
2,120 2,161 2,185 2,189 2,182 2,176 2,171 2,168 2,166 2,162

Lines marked calc are worked out here from filed figures; point at one for how.