Enterprise Products Partners
Connects North American energy production with processing, storage, domestic markets, and Gulf Coast exports.
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Profile
Moves natural gas liquids, crude oil, natural gas, petrochemicals, and refined products through an integrated network of pipelines, processing plants, storage, and marine terminals. The Gulf Coast-centered system links North American supply with domestic customers and exports, while results depend on throughput, reservations, service fees, and regulated tariffs.
Operates an integrated midstream network spanning NGL, crude oil, natural gas, and petrochemical and refined-products services. The Gulf Coast-centered system connects North American production with processing, storage, domestic customers, and export terminals.
NGL Pipelines & Services covers processing, pipelines, fractionation, storage, and marine terminals. The other segments handle crude-oil logistics, natural-gas gathering and transportation, petrochemical production and logistics, refined-products services, and marine transportation.
The connected network coordinates basin-to-market movements across more than 50,000 pipeline miles, with Gulf Coast outlets serving international demand. Results depend on throughput, reserved capacity, service fees, and regulated tariffs.
Mechanical integrity, accurate line locating, emergency readiness, environmental permits, pipeline-safety compliance, and founder-linked general-partner governance shape the operating structure.
Company facts
Categories
Key statistics
Year to date +21.3% · Average volume (30d) 3.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Morgan Stanley | Reiterate | Underweight | $40 | $41 | |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Underweight | $43 | $40 | |
| Jun 17, 2026 | UBS | Target | $45 | |||
| Jun 17, 2026 | Goldman Sachs | Target | $39 | $38 | ||
| May 20, 2026 | Morgan Stanley | Reiterate | Underweight | $42 | $43 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.75 | $0.84 | +12.3% | $13.69B | $18.27B | +33.5% | −1.42% |
| Apr 28, 2026Q1 FY26 | $0.71 | $0.68 | −4.8% | $13.62B | $14.39B | +5.7% | +0.83% |
| Feb 3, 2026Q4 FY25 | $0.69 | $0.75 | +8.7% | $12.36B | $13.79B | +11.6% | +1.65% |
| Oct 30, 2025Q3 FY25 | $0.65 | $0.61 | −6.3% | $11.83B | $12.02B | +1.6% | −2.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $15.42B | $11.36B | $12.02B | $13.79B | $14.39B | $18.27B | |
| Gross profit | $1.74B | $1.77B | $1.66B | $2.00B | $1.88B | $2.20B | |
| Operating income | $1.76B | $1.70B | $1.69B | $1.94B | $1.82B | $2.14B | |
| Net income | $1.39B | $1.44B | $1.33B | $1.64B | $1.48B | $1.84B | |
| Diluted EPS | $0.64 | $0.66 | $0.61 | $0.75 | $0.68 | $0.84 | |
| Gross margin | 11.3% | 15.6% | 13.8% | 14.5% | 13.1% | 12.1% | |
| Operating margin | 11.4% | 15.0% | 14.0% | 14.1% | 12.6% | 11.7% |
Fiscal years (4-quarter sums)FY21 $40.81B · FY22 $58.19B · FY23 $49.72B · FY24 $56.22B · FY25 $52.60B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $246.0M · Total debt $34.02B · Total assets $81.76B · Shareholders' equity $30.25B
Dividends
Raised for 26 straight years — most recently to $0.56 from $0.55 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 14 | $0.56 | raised from $0.55 |
| Apr 30, 2026 | Apr 30 | May 14 | $0.55 | |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.55 | raised from $0.545 |
| Oct 31, 2025 | Oct 31 | Nov 14 | $0.545 | |
| Jul 31, 2025 | Jul 31 | Aug 14 | $0.545 | raised from $0.535 |
| Apr 30, 2025 | Apr 30 | May 14 | $0.535 | |
| Jan 31, 2025 | Jan 31 | Feb 14 | $0.535 | raised from $0.525 |
| Oct 31, 2024 | Oct 31 | Nov 14 | $0.525 |
Ownership
Shares outstanding 2.16B · Float 1.45B · 67.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Randa Duncan Williams | 702.22M | 32.40% | 13D | Apr 1, 2025 |
| Alps Advisors Inc | 43.66M | 2.02% | 13F | Jul 29, 2026 |
| Invesco Ltd. | 26.62M | 1.23% | 13F | Aug 14, 2026 |
| Blackstone Inc. | 23.76M | 1.10% | 13F | Aug 14, 2026 |
| Morgan Stanley | 22.25M | 1.03% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 20, 2026 | Aj Teague | director, officer: CO-CHIEF EXECUTIVE OFFICER | +2,665 | $37.55 |
| Dec 29, 2025 | John R. Rutherford | director | +15,000 | $32.09 |
Peers
- Energy Transfer
Broad midstream rival across gas, liquids, and Gulf Coast exports
- ONEOK
Integrated rival across NGL, gas, crude, and refined-product logistics
- Targa Resources
Direct Gulf Coast NGL rival with Permian gathering and LPG exports
- MPLX
Broad U.S. overlap across gas, NGL, crude, and refined-product logistics
- Kinder Morgan
North American pipeline, storage, and terminal operator
- Plains All American Pipeline
Crude-oil transport, storage, terminaling, and export logistics peer
- Williams
Natural-gas infrastructure rival with NGL and Gulf offshore overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Enterprise Products Partners | $39.00 | −0.04% | $84.42B | 13.5 | 12.8 | 1.4 | +60.8% |
| Energy Transfer | $21.34 | +0.12% | $73.33B | 13.2 | 12.9 | 0.7 | +78.4% |
| ONEOK | $94.50 | −0.26% | $59.71B | 16.3 | 15.6 | 1.5 | +52.8% |
| Targa Resources | $287.82 | +0.01% | $61.78B | 27.4 | 25.7 | 3.7 | +10.3% |
| MPLX | $59.28 | −0.05% | $60.12B | 12.7 | 12.8 | 4.7 | +10.6% |
| Kinder Morgan | $31.50 | −0.16% | $70.28B | 20.2 | 21.2 | 3.9 | +10.8% |
| Plains All American Pipeline | $25.54 | +0.22% | $17.98B | 7.1 | 15.6 | 0.3 | +66.3% |
| Williams | $74.47 | +1.02% | $90.18B | 29.3 | 30.4 | 7.4 | +10.2% |
| Median | 16.3 | 15.6 | 3.7 | +10.8% |