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Enterprise Products Partners L.P. (EPD) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for EPD. Market data source · as of 2026-06-30.

Section freshness

Price Aug 19, 2:11 PM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

EPD latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$18.27B

+60.8% YoY

Net income

$1.84B

+24.2% QoQ

Net margin

10.07%

Operating margin 12.31%

Balance sheet coverage

EPD balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$81.76B

Liabilities —

Cash / debt

$246.00M

Net cash -$30.96B

Equity / working capital

—

Working capital -$1.25B

Financial statements

EPD statement coverage.

Income statement, balance sheet, and cash-flow figures for EPD, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual EPD statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

EPD statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$18.27B	$2.25B	$1.84B	10.07%	+27.0%	+24.2%
Q1 FY2026	$14.39B	$1.90B	$1.48B	10.30%	+4.3%	-9.9%
Q4 FY2025	$13.79B	$2.02B	$1.64B	11.92%	+14.7%	+22.9%
Q3 FY2025	$12.02B	$1.69B	$1.34B	11.13%	+5.8%	-6.8%
Q2 FY2025	$11.36B	$1.79B	$1.44B	12.63%	-26.3%	+3.0%
Q1 FY2025	$15.42B	$1.76B	$1.39B	9.04%	+8.6%	-14.0%
Q4 FY2024	$14.20B	$1.97B	$1.62B	11.40%	+3.1%	+14.3%
Q3 FY2024	$13.78B	$1.78B	$1.42B	10.29%	+2.2%	+0.9%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total debt	Debt QoQ
Q2 FY2026	$246.00M	$15.90B	$17.15B	$81.76B	$31.20B	+0.0%
Q1 FY2026	$191.00M	$15.68B	$17.22B	$80.56B	$31.20B	-4.8%
Q4 FY2025	$969.00M	$13.36B	$12.83B	$77.90B	$32.77B	+5.3%
Q3 FY2025	$206.00M	$13.24B	$15.05B	$77.82B	$31.11B	+0.0%
Q2 FY2025	$870.00M	$14.16B	$14.76B	$77.44B	$31.11B	+6.8%
Q1 FY2025	$220.00M	$12.76B	$14.87B	$75.41B	$29.13B	-5.3%
Q4 FY2024	$583.00M	$15.13B	$15.18B	$77.17B	$30.75B	-0.0%
Q3 FY2024	$1.43B	$14.38B	$13.40B	$75.06B	$30.76B	+8.7%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Buybacks	FCF QoQ
Q2 FY2026	$3.18B			$1.84B	$159.00M
Q1 FY2026	$1.47B			$1.48B	$116.00M
Q4 FY2025	$2.47B			$1.64B	$50.00M
Q3 FY2025	$1.74B			$1.34B	$80.00M
Q2 FY2025	$2.06B	$1.30B	$762.00M	$1.44B	$110.00M	-39.1%
Q1 FY2025	$2.31B	$1.06B	$1.25B	$1.39B	$60.00M	-3.6%
Q4 FY2024	$2.36B	$1.06B	$1.30B	$1.62B	$63.00M	+44.7%
Q3 FY2024	$2.07B	$1.17B	$898.00M	$1.42B	$76.00M	+189.7%

Valuation and returns

Enterprise value: $113.20B; TECHi computed

Return on assets: 7.71%; Market data source

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $52.60B; Annual statement 2025-12-31

Annual income base: $5.81B; Annual statement 2025-12-31

Market cap / annual revenue: 1.56; Live market value divided by annual revenue

Market cap / annual income: 14.16; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue2.15

EV / annual operating income15.58

Market capitalization bridge

Market cap / annual revenue1.56

Market cap / annual income14.16

TTM valuation multiples

TTM revenue: $58.47B; Trailing twelve months

TTM EBIT: $7.85B; TTM operating income

Market cap / TTM revenue: 1.41; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 1.94; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income13.05

EV / TTM EBIT14.41

Revenue, net income, and free cash flow

Revenue$18.27BNet income$1.84BFree cash flow$762.00M

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+60.8%

Debt growth YoY+0.3%

Quarterly margin heatmap

Gross margin

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Q2 FY2026

—

Operating margin

Q1 FY2025

11.42%

Q2 FY2025

15.80%

Q3 FY2025

14.02%

Q4 FY2025

14.67%

Q1 FY2026

13.17%

Q2 FY2026

12.31%

Net margin

Q1 FY2025

9.04%

Q2 FY2025

12.63%

Q3 FY2025

11.13%

Q4 FY2025

11.92%

Q1 FY2026

10.30%

Q2 FY2026

10.07%

Latest quarter expense mix

Cost of revenue$14.16B

Profit bridge

EBIT$2.25B

Pretax income$1.87B

Tax expense$12.00M

Other income statement lines

Income before tax$1.87B

Income tax expense$12.00M

Balance sheet · Q2 FY2026

Cash & equivalents: $246.00M

Total debt: $31.20B

Net cash: -$30.96B; Net debt position

Balance sheet detail

Current assets: $15.90B

Current liabilities: $17.15B

Inventory: $4.67B

Property, plant & equipment: $52.22B

Long-term debt: $31.20B

Debt and liquidity

Debt / revenuei0.53

Debt / income4.95

Cash / debt0.01

Quick ratioi0.01

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $3.18B

Capital returned: $159.00M; Buybacks + dividends paid

Cash-flow detail

Investing cash flow: -$1.15B

Financing cash flow: -$2.08B

Buybacks: $159.00M

Net buybacks: $159.00M; Repurchases less stock issuance

Frequently asked

Common questions.

What financial data is available for EPD?

The EPD Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Enterprise Products Partners L.P.. Missing modules and empty line items are omitted.

How current are EPD's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Enterprise Products Partners L.P.'s reported net margin?

Enterprise Products Partners L.P.'s fresh reported margin field is 10.78%. The Financials page shows the supporting period data currently available for EPD.