Cash flow Enterprise Products Partners L.P.

Equities

EPD

US2937921078

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 20:00:03 09/03/2026 GMT			5-day change	1st Jan Change
37.09 ^USD	-1.28%		+0.54%	+15.69%

02-04	RBC Raises Price Target on Enterprise Products Partners to $40 From $35, Keeps Outperform Rating	MT
02-03	Enterprise Products Partners L.P., Q4 2025 Earnings Call, Feb 03, 2026

3.4Msuq4ofdEllzMtyr7qPQv4DDDd4af67_blCGy8Adtc.qIVvzO5WTR0ci4c8ndjhJs1QPFAbAIzquc5vXhl4MKKjn3j03UoSelOtmg

Published financial data: ENTERPRISE PRODUCTS PARTNERS L.P.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	40.81B	58.19B	49.72B	56.22B	52.6B
Total Revenues	40.81B	58.19B	49.72B	56.22B	52.6B
Cost of Goods Sold, Total	34.86B	51.46B	43B	49B	45.39B
Gross Profit	5.95B	6.72B	6.72B	7.22B	7.21B
Selling General & Admin Expenses, Total	209M	241M	231M	244M	251M
Other Operating Expenses, Total	209M	241M	231M	244M	251M
Operating Income	5.74B	6.48B	6.48B	6.98B	6.96B
Interest Expense, Total	-1.28B	-1.24B	-1.27B	-1.35B	-1.4B
Interest And Investment Income	4.7M	11M	27M	47M	30M
Net Interest Expenses	-1.28B	-1.23B	-1.24B	-1.3B	-1.37B
Income (Loss) On Equity Invest.	583M	464M	462M	408M	361M
Other Non Operating Income (Expenses)	-100K	23M	14M	2M	4M
EBT, Excl. Unusual Items	5.04B	5.74B	5.72B	6.08B	5.95B
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-218M	-41M	-18M	-50M	-50M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.83B	5.7B	5.7B	6.04B	5.9B
Income Tax Expense	70M	82M	44M	65M	23M
Earnings From Continuing Operations	4.76B	5.62B	5.66B	5.97B	5.88B
Net Income to Company	4.76B	5.62B	5.66B	5.97B	5.88B
Minority Interest	-118M	-125M	-125M	-69M	-62M
Net Income - (IS)	4.64B	5.49B	5.53B	5.9B	5.81B
Preferred Dividend and Other Adjustments	40.6M	49M	53M	60M	59M
Net Income to Common Incl Extra Items	4.6B	5.44B	5.48B	5.84B	5.76B
Net Income to Common Excl. Extra Items	4.6B	5.44B	5.48B	5.84B	5.76B
Per Share Items
Net EPS - Basic	2.11	2.5	2.52	2.69	2.66
Basic EPS - Continuing Operations	2.11	2.5	2.52	2.69	2.66
Basic Weighted Average Shares Outstanding	2.18B	2.18B	2.17B	2.17B	2.17B
Net EPS - Diluted	2.1	2.5	2.52	2.69	2.66
Diluted EPS - Continuing Operations	2.1	2.5	2.52	2.69	2.66
Diluted Weighted Average Shares Outstanding	2.2B	2.2B	2.19B	2.19B	2.19B
Normalized Basic EPS	1.39	1.59	1.59	1.72	1.69
Normalized Diluted EPS	1.38	1.57	1.57	1.7	1.67
Dividend Per Share	1.82	1.9	2	2.1	2.18
Payout Ratio	84.75	74.59	77.75	76.46	80.46
Supplemental Items
EBITDA	7.88B	8.73B	8.83B	9.45B	9.58B
EBITA	5.91B	6.68B	6.7B	7.2B	7.19B
EBIT	5.74B	6.48B	6.48B	6.98B	6.96B
EBITDAR	7.99B	8.9B	9.04B	9.7B	9.89B
Total Revenues (As Reported)	40.81B	58.19B	49.72B	56.22B	52.6B
Effective Tax Rate - (Ratio)	1.45	1.44	0.77	1.08	0.39
Current Domestic Taxes	29.1M	20M	32M	20M	-23M
Current Foreign Taxes	1.1M	2M	-	-	-
Total Current Taxes	30.2M	22M	32M	20M	-23M
Deferred Domestic Taxes	39.8M	60M	12M	44M	46M
Deferred Foreign Taxes	-	-	-	1M	-
Total Deferred Taxes	39.8M	60M	12M	45M	46M
Normalized Net Income	3.03B	3.46B	3.45B	3.73B	3.66B
Distributable Cash	6.61B	7.75B	7.6B	7.84B	8B
Interest Capitalized	79.6M	90M	106M	121M	182M
Interest on Long-Term Debt	-	-	-	-	18M
Supplemental Operating Expense Items
General and Administrative Expenses	209M	241M	231M	244M	251M
Net Rental Expense, Total	108M	168M	210M	250M	310M
Imputed Operating Lease Interest Expense	39.25M	61.22M	79.91M	95.85M	117M
Imputed Operating Lease Depreciation	69.15M	107M	130M	154M	193M
Stock-Based Comp., Other (Total)	152M	157M	172M	188M	197M
Total Stock-Based Compensation	152M	157M	172M	188M	197M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.82B	76M	180M	583M	969M
Trading Asset Securities, Total	-	26M	-	-	-
Total Cash And Short Term Investments	2.82B	102M	180M	583M	969M
Accounts Receivable, Total	7B	6.98B	7.78B	9.25B	6.5B
Total Receivables	7B	6.98B	7.78B	9.25B	6.5B
Inventory	2.68B	2.55B	3.35B	3.96B	3.88B
Prepaid Expenses	384M	388M	446M	557M	1.3B
Restricted Cash	145M	130M	140M	255M	276M
Other Current Assets, Total	236M	443M	347M	534M	434M
Total Current Assets	13.27B	10.6B	12.25B	15.13B	13.36B
Gross Property Plant And Equipment	59.52B	63.57B	66.63B	71.83B	76.15B
Accumulated Depreciation	-17.08B	-18.8B	-20.46B	-22.33B	-24.34B
Net Property Plant And Equipment	42.43B	44.77B	46.17B	49.5B	51.81B
Long-term Investments	2.43B	2.35B	2.33B	2.26B	2.18B
Goodwill	5.45B	5.61B	5.61B	5.71B	5.71B
Other Intangibles, Total	3.15B	3.96B	3.77B	4B	4.16B
Other Long-Term Assets, Total	795M	819M	858M	558M	674M
Total Assets	67.53B	68.11B	70.98B	77.17B	77.9B
Liabilities
Accounts Payable, Total	632M	743M	1.2B	1.23B	1.02B
Accrued Expenses, Total	8.55B	8.41B	9.37B	11.31B	8.75B
Short-term Borrowings	-	-	481M	-	-
Current Portion of Long-Term Debt	1.4B	1.74B	850M	1.15B	1.62B
Current Portion of Leases	36.3M	60M	75M	106M	97M
Unearned Revenue Current, Total	196M	181M	193M	168M	157M
Other Current Liabilities	814M	1.12B	971M	1.21B	1.18B
Total Current Liabilities	11.62B	12.26B	13.13B	15.18B	12.83B
Long-Term Debt	28.14B	26.55B	27.45B	30.75B	32.77B
Long-Term Leases	339M	341M	323M	369M	390M
Unearned Revenue Non Current	250M	320M	326M	284M	261M
Deferred Tax Liability Non Current	518M	600M	611M	656M	702M
Other Non Current Liabilities	172M	280M	335M	297M	333M
Total Liabilities	41.04B	40.36B	42.17B	47.53B	47.29B
Preferred Stock Convertible	49.3M	49M	49M	50M	44M
Total Preferred Equity	49.3M	49M	49M	50M	44M
Common Stock, Total	26.34B	27.56B	28.66B	29.79B	30.7B
Treasury Stock	-1.3B	-1.3B	-1.3B	-1.3B	-1.3B
Comprehensive Income and Other	286M	365M	307M	236M	336M
Total Common Equity	25.33B	26.62B	27.67B	28.73B	29.74B
Minority Interest	1.11B	1.08B	1.09B	857M	831M
Total Equity	26.49B	27.75B	28.81B	29.64B	30.61B
Total Liabilities And Equity	67.53B	68.11B	70.98B	77.17B	77.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.18B	2.17B	2.17B	2.17B	2.16B
ECS Total Common Shares Outstanding	2.18B	2.17B	2.17B	2.17B	2.16B
Book Value / Share	11.64	12.26	12.76	13.27	13.76
Tangible Book Value	16.73B	17.05B	18.3B	19.02B	19.87B
Tangible Book Value Per Share	7.69	7.85	8.44	8.78	9.19
Total Debt	29.91B	28.7B	29.18B	32.37B	34.88B
Net Debt	27.09B	28.59B	29B	31.79B	33.91B
Debt Equivalent Oper. Leases	867M	1.34B	1.68B	2B	2.48B
Minority Interest, Total (Incl. Fin. Div)	1.11B	1.08B	1.09B	857M	831M
Equity Method Investments, Total	2.43B	2.35B	2.33B	2.26B	2.18B
Account Code - Inventory Valuation	-	-	3	3	3
Inventories - Finished Goods, Total	2.68B	2.55B	3.35B	3.96B	3.88B
Land - (BS)	379M	387M	411M	424M	439M
Machinery, Total	52.85B	55.62B	59.21B	62.13B	67.99B
Accumulated Allowance for Doubtful Accounts (Supple)	52.7M	54M	35M	38M	31M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.64B	5.49B	5.53B	5.9B	5.81B
Depreciation & Amortization - CF	2.01B	2.11B	2.2B	2.35B	2.5B
Amortization of Goodwill and Intangible Assets - (CF)	169M	195M	212M	220M	236M
Depreciation & Amortization, Total	2.18B	2.3B	2.42B	2.57B	2.73B
(Gain) Loss From Sale Of Asset	5.5M	1M	-10M	2M	-14M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	233M	53M	32M	57M	50M
(Income) Loss On Equity Investments - (CF)	-39.6M	-18M	-16M	-2M	3M
Other Operating Activities, Total	129M	263M	171M	95M	124M
Change In Accounts Receivable	-2.42B	118M	-806M	-1.45B	2.75B
Change In Inventories	867M	131M	-714M	-598M	122M
Change In Accounts Payable	-3.8M	-109M	276M	-183M	-128M
Change in Other Net Operating Assets	2.93B	-194M	689M	1.73B	-2.87B
Cash from Operations	8.51B	8.04B	7.57B	8.12B	8.58B
Capital Expenditure	-2.22B	-1.96B	-3.27B	-4.54B	-5.62B
Sale of Property, Plant, and Equipment	64.3M	122M	42M	14M	82M
Cash Acquisitions	-	-3.2B	-	-949M	-
Investment in Marketable and Equity Securities, Total	44.2M	97M	40M	77M	72M
Other Investing Activities, Total	-19.9M	-5M	-13M	-31M	-25M
Cash from Investing	-2.13B	-4.95B	-3.2B	-5.43B	-5.49B
Long-Term Debt Issued, Total	11.16B	96.14B	89.9B	53.72B	88.28B
Total Debt Issued	11.16B	96.14B	89.9B	53.72B	88.28B
Long-Term Debt Repaid, Total	-11.49B	-97.4B	-89.45B	-50.55B	-85.77B
Total Debt Repaid	-11.49B	-97.4B	-89.45B	-50.55B	-85.77B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-214M	-250M	-188M	-219M	-300M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-3.93B	-4.1B	-4.3B	-4.51B	-4.68B
Common & Preferred Stock Dividends Paid	-3.93B	-4.1B	-4.3B	-4.51B	-4.68B
Other Financing Activities, Total	-93.7M	-244M	-221M	-602M	-219M
Cash from Financing	-4.57B	-5.84B	-4.26B	-2.16B	-2.69B
Net Change in Cash	1.81B	-2.76B	114M	518M	407M
Supplemental Items
Maintenance CAPEX	430M	372M	413M	667M	620M
Cash Interest Paid	1.23B	1.23B	1.23B	1.26B	1.35B
Cash Income Tax Paid (Refund)	18.1M	-	24M	20M	-
Levered Free Cash Flow	3.93B	3.96B	2.21B	1.37B	22.25M
Unlevered Free Cash Flow	4.73B	4.74B	3.01B	2.21B	898M
Change In Net Working Capital	-1.03B	-190M	368M	361M	758M
Net Debt Issued / Repaid	-333M	-1.26B	452M	3.17B	2.51B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.45	5.98	5.83	5.89	5.61
Return on Total Capital	6.4	7.18	7.09	7.28	6.82
Return On Equity %	18.32	20.7	20	20.43	19.5
Return on Common Equity	18.52	20.95	20.18	20.71	19.68
Margin Analysis
Gross Profit Margin %	14.57	11.56	13.51	12.85	13.7
SG&A Margin	0.51	0.41	0.46	0.43	0.48
EBITDA Margin %	19.31	15	17.76	16.81	18.21
EBITA Margin %	14.48	11.48	13.47	12.81	13.67
EBIT Margin %	14.06	11.14	13.04	12.42	13.22
Income From Continuing Operations Margin %	11.65	9.65	11.38	10.62	11.17
Net Income Margin %	11.36	9.44	11.13	10.5	11.05
Net Avail. For Common Margin %	11.27	9.35	11.02	10.39	10.94
Normalized Net Income Margin	7.44	5.95	6.94	6.64	6.95
Levered Free Cash Flow Margin	9.63	6.81	4.45	2.43	0.04
Unlevered Free Cash Flow Margin	11.59	8.15	6.05	3.94	1.71
Asset Turnover
Asset Turnover	0.62	0.86	0.71	0.76	0.68
Fixed Assets Turnover	0.97	1.34	1.1	1.18	1.04
Receivables Turnover (Average Receivables)	6.9	8.32	6.73	6.6	6.68
Inventory Turnover (Average Inventory)	11.65	19.66	14.56	13.41	11.58
Short Term Liquidity
Current Ratio	1.14	0.86	0.93	1	1.04
Quick Ratio	0.84	0.58	0.61	0.65	0.58
Operating Cash Flow to Current Liabilities	0.73	0.66	0.58	0.53	0.67
Days Sales Outstanding (Average Receivables)	52.91	43.86	54.2	55.44	54.65
Days Outstanding Inventory (Average Inventory)	31.33	18.56	25.07	27.29	31.52
Average Days Payable Outstanding	7.12	4.89	8.08	8.94	9.05
Cash Conversion Cycle (Average Days)	77.11	57.54	71.19	73.8	77.12
Long Term Solvency
Total Debt/Equity	112.92	103.41	101.28	109.22	113.94
Total Debt / Total Capital	53.03	50.84	50.32	52.2	53.26
LT Debt/Equity	107.5	96.9	96.4	104.98	108.32
Long-Term Debt / Total Capital	50.49	47.64	47.89	50.18	50.63
Total Liabilities / Total Assets	60.77	59.25	59.42	61.59	60.7
EBIT / Interest Expense	4.47	5.21	5.11	5.16	4.96
EBITDA / Interest Expense	6.22	7.15	7.12	7.18	7.06
(EBITDA - Capex) / Interest Expense	4.49	5.57	4.55	3.82	3.05
Total Debt / EBITDA	3.75	3.23	3.23	3.34	3.53
Net Debt / EBITDA	3.39	3.21	3.21	3.28	3.43
Total Debt / (EBITDA - Capex)	5.19	4.14	5.05	6.27	8.17
Net Debt / (EBITDA - Capex)	4.7	4.12	5.02	6.16	7.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.03	42.59	-14.56	13.08	-6.44
Gross Profit, 1 Yr. Growth %	4.07	13.08	-0.13	7.56	-0.35
EBITDA, 1 Yr. Growth %	4.11	10.8	1.13	7.06	1.25
EBITA, 1 Yr. Growth %	4.49	13.07	0.27	7.48	-0.22
EBIT, 1 Yr. Growth %	4.42	13	0.02	7.6	-0.46
Earnings From Cont. Operations, 1 Yr. Growth %	22.38	18.09	0.75	5.53	-1.57
Net Income, 1 Yr. Growth %	22.83	18.37	0.76	6.67	-1.47
Normalized Net Income, 1 Yr. Growth %	8.58	14.05	-0.34	8.22	-2.2
Diluted EPS Before Extra, 1 Yr. Growth %	22.93	18.6	0.99	6.77	-1.3
Accounts Receivable, 1 Yr. Growth %	45.08	-0.31	11.49	18.84	-29.71
Inventory, 1 Yr. Growth %	-18.84	-4.74	31.25	17.99	-1.8
Net Property, Plant and Equip., 1 Yr. Growth %	1.24	6.36	3.98	8.07	5.61
Total Assets, 1 Yr. Growth %	5.33	0.86	4.22	8.71	0.95
Tangible Book Value, 1 Yr. Growth %	7.61	1.92	7.3	3.94	4.49
Common Equity, 1 Yr. Growth %	4.22	5.11	3.94	3.83	3.5
Cash From Operations, 1 Yr. Growth %	44.49	-5.57	-5.85	7.21	5.79
Capital Expenditures, 1 Yr. Growth %	-32.38	-11.65	66.29	39.13	23.68
Levered Free Cash Flow, 1 Yr. Growth %	458.42	-0.08	-44.98	-40.22	-98.5
Unlevered Free Cash Flow, 1 Yr. Growth %	213.64	-0.57	-37.37	-28.19	-61.36
Dividend Per Share, 1 Yr. Growth %	1.68	4.96	5.25	4.74	3.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.56	46.26	10.38	-1.7	2.86
Gross Profit, 2 Yr. CAGR %	1.45	8.48	6.27	3.64	3.49
EBITDA, 2 Yr. CAGR %	2.38	7.4	5.86	4.06	4.08
EBITA, 2 Yr. CAGR %	1.37	8.7	6.48	3.83	3.51
EBIT, 2 Yr. CAGR %	1.53	8.63	6.31	3.75	3.45
Earnings From Cont. Operations, 2 Yr. CAGR %	0.72	20.21	9.07	3.11	1.92
Net Income, 2 Yr. CAGR %	0.5	20.58	9.21	3.68	2.52
Normalized Net Income, 2 Yr. CAGR %	2.4	11.28	6.61	3.87	2.82
Diluted EPS Before Extra, 2 Yr. CAGR %	0.47	20.75	9.44	3.84	2.65
Accounts Receivable, 2 Yr. CAGR %	19.62	20.26	5.42	15.1	-8.61
Inventory, 2 Yr. CAGR %	13.22	-12.07	11.82	24.44	7.64
Net Property, Plant and Equip., 2 Yr. CAGR %	0.99	3.35	4.73	5.59	6.36
Total Assets, 2 Yr. CAGR %	4.59	3.07	2.53	6.44	4.76
Tangible Book Value, 2 Yr. CAGR %	3.66	4.73	4.58	5.61	4.21
Common Equity, 2 Yr. CAGR %	1.13	4.66	4.52	3.89	3.67
Cash From Operations, 2 Yr. CAGR %	14.26	16.82	-5.71	0.47	6.5
Capital Expenditures, 2 Yr. CAGR %	-29.96	-22.71	21.21	52.11	31.18
Levered Free Cash Flow, 2 Yr. CAGR %	1.01K	137.32	-25.29	-41.67	-90.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	151.98	77.29	-20.59	-32.09	-46.09
Dividend Per Share, 2 Yr. CAGR %	1.41	3.31	5.1	4.99	4.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.76	21.07	22.27	11.27	-3.31
Gross Profit, 3 Yr. CAGR %	4.69	5.19	5.53	6.7	2.33
EBITDA, 3 Yr. CAGR %	5.2	5.11	5.27	6.26	3.14
EBITA, 3 Yr. CAGR %	4.67	5.13	5.81	6.82	2.49
EBIT, 3 Yr. CAGR %	4.87	5.22	5.68	6.75	2.36
Earnings From Cont. Operations, 3 Yr. CAGR %	3.91	6.21	13.33	7.88	1.53
Net Income, 3 Yr. CAGR %	3.59	6.14	13.58	8.36	1.93
Normalized Net Income, 3 Yr. CAGR %	4.95	6.15	7.26	7.16	1.84
Diluted EPS Before Extra, 3 Yr. CAGR %	3.34	6.19	13.77	8.54	2.1
Accounts Receivable, 3 Yr. CAGR %	23.97	12.57	17.26	9.72	-2.35
Inventory, 3 Yr. CAGR %	20.77	6.89	0.49	13.84	15
Net Property, Plant and Equip., 3 Yr. CAGR %	3.08	2.47	3.28	5.56	5.28
Total Assets, 3 Yr. CAGR %	5.83	3.33	3.45	4.55	4.58
Tangible Book Value, 3 Yr. CAGR %	4.88	3.07	5.58	4.36	5.23
Common Equity, 3 Yr. CAGR %	2.02	2.44	4.42	4.29	3.76
Cash From Operations, 3 Yr. CAGR %	11.59	7.23	8.71	-1.58	2.21
Capital Expenditures, 3 Yr. CAGR %	-19.26	-24.32	-0.22	26.91	41.97
Levered Free Cash Flow, 3 Yr. CAGR %	226.47	398.8	46.52	-29.85	-82.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	80.95	85.3	25.86	-22.56	-42.81
Dividend Per Share, 3 Yr. CAGR %	1.71	2.58	3.95	4.98	4.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.13	14.75	6.35	11.39	14.1
Gross Profit, 5 Yr. CAGR %	11.63	12.56	5.32	4.57	4.75
EBITDA, 5 Yr. CAGR %	10.31	10.98	5.46	4.69	4.83
EBITA, 5 Yr. CAGR %	11.38	12.46	5.39	4.6	4.93
EBIT, 5 Yr. CAGR %	11.9	12.86	5.44	4.63	4.83
Earnings From Cont. Operations, 5 Yr. CAGR %	13.25	14.48	5.94	4.96	8.62
Net Income, 5 Yr. CAGR %	13.04	14.42	5.8	5.15	9.02
Normalized Net Income, 5 Yr. CAGR %	13.61	14.38	5.61	5.23	5.52
Diluted EPS Before Extra, 5 Yr. CAGR %	11.87	13.98	5.74	5.24	9.19
Accounts Receivable, 5 Yr. CAGR %	16.02	9.87	16.19	13.58	6.14
Inventory, 5 Yr. CAGR %	8.65	9.67	17.1	13.59	3.29
Net Property, Plant and Equip., 5 Yr. CAGR %	4.97	4.68	3.57	3.54	4.33
Total Assets, 5 Yr. CAGR %	5.29	4.59	4.5	4.56	3.98
Tangible Book Value, 5 Yr. CAGR %	6.11	5.39	4.76	4.08	5.03
Common Equity, 5 Yr. CAGR %	2.81	3.38	3.02	3.02	4.12
Cash From Operations, 5 Yr. CAGR %	15.92	11.49	4.32	4.47	7.82
Capital Expenditures, 5 Yr. CAGR %	-5.72	-8.73	-5.01	0.05	11.32
Levered Free Cash Flow, 5 Yr. CAGR %	17.81	32.56	81.33	112.04	-49.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.48	24.52	30.37	24.33	-9.85
Dividend Per Share, 5 Yr. CAGR %	2.43	2.52	3.05	3.54	4.03