ENTERPRISE PRODUCTS PARTNERS L.P.
EPD· NYSE, OTC· Natural Gas Transmission
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 5.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +14.1%
We record prices for the companies we cover; EPD is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 2.19B
- Revenue
- $52.6B
- Free cash flow
- $3.0B
- Owner earnings
- $2.8B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 13.8%
- Net
- 11.0%
- Free cash flow
- 5.6%
- Owner earnings
- 5.3%
- Stock pay
- 0.4%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -3.3%
- Revenue, 5 yr
- 14.1%
- Revenue, 9 yr
- 9.6%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -21.3%
- Free cash flow, 5 yr
- 2.6%
- Free cash flow, 9 yr
- 11.8%
Financial health · FY2025
- Cash and investments
- $969.0M
- Total debt
- $34.4B
- Net debt
- $33.4B
- Debt/Equity
- –
- Debt/FCF
- 11.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.1%
Financials: ten years from the 10-Ks
Revenue
$52.6B
+9.6% a year over 9 years
FY2016FY2025
Margins
Operating13.8%Net11.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$3.0BOwner earnings$2.8B
Free cash flow +11.8% a year
FY2016FY2025
Diluted shares
2.19B
+4.7% over 9 years, net dilution
FY2016FY2025
Net debt (below zero)
-$33.4B
$33.4B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $23.0B | $29.2B | $36.5B | $32.8B | $27.2B | $40.8B | $58.2B | $49.7B | $56.2B | $52.6B |
| Revenue growth | -14.8% | 27.0% | 24.9% | -10.3% | -17.0% | 50.0% | 42.6% | -14.6% | 13.1% | -6.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 15.6% | 13.4% | 14.8% | 18.5% | 18.5% | 15.0% | 11.9% | 13.9% | 13.1% | 13.8% |
| Net income | $2.5B | $2.8B | $4.2B | $4.6B | $3.8B | $4.6B | $5.5B | $5.5B | $5.9B | $5.8B |
| Net margin | 10.9% | 9.6% | 11.4% | 14.0% | 13.9% | 11.4% | 9.4% | 11.1% | 10.5% | 11.0% |
| Diluted EPS | – | – | – | – | – | – | – | – | – | – |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $4.1B | $4.7B | $6.1B | $6.5B | $5.9B | $8.5B | $8.0B | $7.6B | $8.1B | $8.6B |
| Capital expenditure | $3.0B | $3.1B | $4.2B | $4.5B | $3.3B | $2.2B | $2.0B | $3.3B | $4.5B | $5.6B |
| Free cash flow | $1.1B | $1.6B | $1.9B | $2.0B | $2.6B | $6.3B | $6.1B | $4.3B | $3.6B | $3.0B |
| Stock-based compensation | $89.2M | $99.7M | $106.1M | $143.9M | $159.0M | $152.0M | $157.0M | $172.0M | $188.0M | $197.0M |
| Owner earnings? | $993.5M | $1.5B | $1.8B | $1.8B | $2.4B | $6.1B | $5.9B | $4.1B | $3.4B | $2.8B |
| Free cash flow per share | $0.52 | $0.73 | $0.87 | $0.90 | $1.18 | $2.86 | $2.76 | $1.96 | $1.63 | $1.36 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | $0 | $0 | $30.8M | $81.1M | $186.0M | $214.0M | $250.0M | $188.0M | $219.0M | $300.0M |
| Diluted shares | 2.09B | 2.15B | 2.19B | 2.20B | 2.20B | 2.20B | 2.20B | 2.19B | 2.19B | 2.19B |
| Share count change? | 4.5% | 3.1% | 1.5% | 0.7% | 0.0% | 0.0% | -0.2% | -0.2% | -0.1% | -0.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $63.1M | $5.1M | $344.8M | $334.7M | $1.1B | $2.8B | $76.0M | $180.0M | $583.0M | $969.0M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $23.7B | $24.6B | $26.2B | $27.6B | $29.9B | $29.5B | $28.3B | $28.7B | $31.9B | $34.4B |
| Net debt | $23.6B | $24.6B | $25.8B | $27.3B | $28.8B | $26.7B | $28.2B | $28.6B | $31.3B | $33.4B |
| Shareholders' equity | – | – | – | – | – | – | – | – | – | – |
Latest filings
| 2026-10-29 | 8-K | Earnings release |
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-02-27 | 10-K | Annual report |
| 2026-02-03 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-10-30 | 8-K | Earnings release |
| 2025-08-08 | 10-Q | Quarterly report |
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