Enterprise Products Partners L.P. (EPD): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Enterprise Products Partners L.P. (EPD) closed at $38.81 on 15 September 2026, up 0.3%. The stock is down 0.2% over one month and up 22.1% over one year. It trades 3.4% below its 52-week high of $40.16. Analysts recorded 5 actions in the last 90 days; the median price target of $40 is 4.4% above the last close. The company last reported on 30 July 2026 for Q2 2026: EPS of $0.84 against an estimate of $0.77, a beat of 9.1%, on revenue of $18.3 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open EPD in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 5 analyst actions on EPD from 4 firms: 4 maintained or reiterated a view and 1 initiation. Price targets were 2 raised and 2 lowered. The most recent targets from 10 firms range from $38 to $44, with a median of $40, 4.4% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 10 Sep 2026 | Stifel | Reinstates Hold | $40.00 |
| 18 Aug 2026 | Morgan Stanley | Maintains Underweight | $40.00 to $41.00 |
| 3 Aug 2026 | TD Cowen | Maintains Hold | $39.00 to $38.00 |
| 21 Jul 2026 | Morgan Stanley | Maintains Underweight | $43.00 to $40.00 |
| 9 Jul 2026 | JP Morgan | Maintains Neutral | $41.00 to $42.00 |
| 20 May 2026 | Morgan Stanley | Maintains Underweight | $42.00 to $43.00 |
| 12 May 2026 | Scotiabank | Maintains Sector Perform | $39.00 to $40.00 |
| 12 May 2026 | JP Morgan | Maintains Neutral | $40.00 to $41.00 |
| 4 May 2026 | Truist Securities | Maintains Hold | $36.00 to $40.00 |
| 1 May 2026 | Citigroup | Maintains Buy | $39.00 to $44.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 29 October 2026 before the open for Q3 2026, with EPS expected at $0.74 on revenue of $15.7 billion. Enterprise Products Partners L.P. beat the EPS estimate in 4 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 30 Jul 2026 | $0.77 | $0.84 | +9.09% | $18.3B |
| Q1 2026 | 28 Apr 2026 | $0.73 | $0.68 | -6.85% | $14.4B |
| Q4 2025 | 3 Feb 2026 | $0.69 | $0.75 | +8.70% | $13.8B |
| Q3 2025 | 30 Oct 2025 | $0.66 | $0.61 | -7.58% | $12.0B |
| Q2 2025 | 28 Jul 2025 | $0.64 | $0.66 | +3.12% | $11.4B |
| Q1 2025 | 29 Apr 2025 | $0.73 | $0.64 | -12.33% | $15.4B |
| Q4 2024 | 4 Feb 2025 | $0.71 | $0.74 | +4.23% | $14.2B |
| Q3 2024 | 29 Oct 2024 | $0.66 | $0.65 | -1.52% | $13.8B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Enterprise Products Partners L.P. reported revenue of $18.3 billion and net income of $1.8 billion. On a trailing twelve month basis the company shows revenue growth of 6.78%, a gross margin of 25.60%, an operating margin of 13.43% and a return on equity of N.A..
Income statement
| Line | Amount |
|---|---|
| Revenue | $18,269,000,000 |
| Cost of Revenue | $14,160,000,000 |
| Gross Profit | $4,109,000,000 |
| Selling, General & Administrative Expenses | $64,000,000 |
| Depreciation & Amortization | $621,000,000 |
| Total Operating Expenses | $16,065,000,000 |
| Operating Profit | $2,249,000,000 |
| Interest Expense | $384,000,000 |
| Pre-tax Income | $1,868,000,000 |
| Income Tax Expense | $12,000,000 |
| Net Income | $1,840,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $3,181,000,000 |
| Cash from Investing Activities | -$1,154,000,000 |
| Capital Expenditures | $1,158,000,000 |
| Cash from Financing Activities | -$2,076,000,000 |
| Share Repurchases | $159,000,000 |
| Free Cash Flow | $2,023,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $246,000,000 |
| Restricted Cash | $99,000,000 |
| Prepaid Expenses | $832,000,000 |
| Inventory | $4,666,000,000 |
| Total Current Assets | $15,905,000,000 |
| Plant, Property & Equipment, Net | $52,223,000,000 |
| Operating Lease Right-of-Use Assets | $758,000,000 |
| Goodwill Intangible Assets, Net | $9,763,000,000 |
| Other Long-term Assets | $944,000,000 |
| Total Assets | $81,758,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $2,043,000,000 |
| Operating Lease Liabilities, Current | $90,000,000 |
| Deferred Liability Charges | $161,000,000 |
| Other Current Liabilities | $679,000,000 |
| Total Current Liabilities | $17,152,000,000 |
| Long-term Debt | $33,228,000,000 |
| Operating Lease Liabilities, Long-term | $701,000,000 |
| Finance Lease Liabilities | $191,000,000 |
| Long-term Deferred Liability Charges | $279,000,000 |
| Deferred Income Taxes | $720,000,000 |
| Other Liabilities | $872,000,000 |
| Other Accumulated Comprehensive Income | $174,000,000 |
| Total Liability & Stockholders Equity | $81,758,000,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 0.01 | 16th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 0.93 | 42nd | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.41 | 81st | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Degree of Combined Leverage | 1.36 | 60th | This ratio summarizes the combined effect that the degree of operating leverage (DOL) and the degree of financial leverage have on earnings per share (EPS), given a particular change in sales |
| Degree of Financial Leverage | 1.24 | 76th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Degree of Operational Leverage | 1.10 | 60th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | 7.5% | 54th | The EBIT growth rate over the trailing twelve months (TTM) |
| EBIT Pct Growth 3 year CAGR | 5.0% | 49th | The EBIT compound annual growth rate (CAGR) over the past 3 years |
| EBIT Pct Growth 5 year CAGR | 8.3% | 56th | The Adjusted EBIT compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth | 7.7% | 54th | The EBITDA growth rate over the trailing twelve months (TTM) |
| EBITDA Pct Growth 3 year CAGR | 17.0% | 49th | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
| EBITDA Pct Growth 5 year CAGR | 41.8% | 47th | The EBITDA compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | 5.9% | 57th | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 25.6% | 31st | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 13.4% | 71st | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | 7.5% | 51st | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | 5.0% | 52nd | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | 8.3% | 62nd | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 10.8% | 64th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 7.9% | 87th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | -17.8% | 30th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Pct Growth 3 year CAGR | -24.7% | 31st | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Pct Growth 5 year CAGR | -15.6% | 31st | The Free Cash Flow compound annual growth rate (CAGR) over the past 5 years |
| FCF Return on Assets Pct | 4.3% | 66th | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
| Operating Cashflow Pct Growth | 0.6% | 45th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 6.9% | 54th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 5.7% | 57th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 7.5% | 48th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 5.1% | 54th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 10.4% | 66th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 6.8% | 53rd | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 3.8% | 46th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 12.4% | 68th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 0.3% | 39th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open EPD in FundSpec.
Insider activity
No insider transaction was filed in the last 90 days; the most recent is from 20 March 2026.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 20 Mar 2026 | Aj Teague | Director, CO-CHIEF EXECUTIVE OFFICER | Acquisition | 2,665 | $37.55 | $100K |
| 16 Feb 2026 | Randa Duncan Williams | Director, 10% Owner | Disposal | 189,667 | $36.75 | $7.0M |
| 16 Feb 2026 | Richard H Bachmann | Director | Disposal | 32,858 | $36.75 | $1.2M |
| 16 Feb 2026 | W Randall Fowler | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 30,497 | $36.75 | $1.1M |
| 16 Feb 2026 | Aj Teague | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 30,497 | $36.75 | $1.1M |
| 16 Feb 2026 | W Randall Fowler | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 29,513 | $36.75 | $1.1M |
| 16 Feb 2026 | Aj Teague | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 29,513 | $36.75 | $1.1M |
| 16 Feb 2026 | W Randall Fowler | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 27,054 | $36.75 | $994K |
| 16 Feb 2026 | Aj Teague | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 27,054 | $36.75 | $994K |
| 16 Feb 2026 | W Randall Fowler | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 26,070 | $36.75 | $958K |
| 16 Feb 2026 | Aj Teague | Director, CO-CHIEF EXECUTIVE OFFICER | Disposal | 26,070 | $36.75 | $958K |
| 16 Feb 2026 | Graham W. Bacon | EXECUTIVE VICE PRESIDENT & COO | Disposal | 9,838 | $36.75 | $362K |
| 16 Feb 2026 | Daniel Boss | EXECUTIVE VICE PRESIDENT & CFO | Disposal | 9,543 | $36.75 | $351K |
| 16 Feb 2026 | Harry Weitzel | Director, EVP, GENERAL COUNSEL & SEC | Disposal | 9,543 | $36.75 | $351K |
| 16 Feb 2026 | Harry Weitzel | Director, EVP, GENERAL COUNSEL & SEC | Disposal | 9,346 | $36.75 | $343K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 7 August 2026.
| Filed | Form | Document |
|---|---|---|
| 7 Aug 2026 | 10-Q | View on sec.gov |
| 7 May 2026 | 10-Q | View on sec.gov |
| 27 Feb 2026 | 10-K | View on sec.gov |
| 6 Nov 2025 | 10-Q | View on sec.gov |
| 8 Aug 2025 | 10-Q | View on sec.gov |
| 7 May 2025 | 10-Q | View on sec.gov |
| 28 Feb 2025 | 10-K | View on sec.gov |
| 8 Nov 2024 | 10-Q | View on sec.gov |
| 9 Aug 2024 | 10-Q | View on sec.gov |
| 9 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Utilities
- Industry
- Utilities
- Headquarters
- Houston, Texas
- Chief executive
- W. Randall Fowler
- Employees
- 6,910
- Website
- enterpriseproducts.com
- SEC CIK
- 0001061219
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. The Crude Oil Pipelines and Services segment operates crude oil pipelines and crude oil storage and marine terminals. The Petrochemical & Refined Products Services segment provides propylene fractionation and related marketing activities.
Sector and peers
Enterprise Products Partners L.P. is part of the Utilities sector, which FundSpec tracks across 124 companies.
Companies in the same industry by market capitalization:
WMB Williams Companies, Inc.ET Energy Transfer LPKMI Kinder Morgan, Inc.TRGP Targa Resources Corp.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for EPD are available to subscribers, with the same screen in the iOS and Android apps.
Open EPD in FundSpec