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Enterprise Products Partners L.P. cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.1B in Q3 2026 · $4.8B over twelve months

Operating cash flow$2.2B
Capital spending−$1.1B
Free cash flow+$1.1B
Cash / net income1.3×

Analysis

In Q3 2026, Enterprise Products Partners L.P. generated $2.2B of operating cash flow and spent $1.1B on capital projects, leaving free cash flow of $1.1B. That is $1.3B more than in Q3 2025 (−$220M).

Over the twelve months to Sep 30, 2026, operating cash flow was $9.3B; the largest uses were other financing ($4.9B), capital spending ($4.5B), buybacks ($437M); besides operations, cash came from asset & business sales ($661M), other investing ($33.0M); the cash balance fell by $93.0M.

Operating cash flow was $2.2B against net income of $1.6B — 1.3× profit, cash ran ahead of reported earnings. The largest differences: receivables −$1.1B, depreciation & amortization +$626M, other liabilities −$323M.

Free cash flow

Enterprise Products Partners L.P.: free cash flow by quarterEnterprise Products Partners L.P.: free cash flow by quarter$1.3BQ4 2024$1.3BQ1 2025$762MQ2 2025−$220MQ3 2025$1.2BQ4 2025$486MQ1 2026$2.0BQ2 2026$1.1BQ3 2026
Operating cash flow less capital spending.
Enterprise Products Partners L.P.: operating cash flow against capital spendingEnterprise Products Partners L.P.: operating cash flow against capital spendingOperating cash flowCapital spending$2.4B$1.1BQ4 2024$2.3B$1.1BQ1 2025$2.1B$1.3BQ2 2025$1.7B$2.0BQ3 2025$2.5B$1.3BQ4 2025$1.5B$983MQ1 2026$3.2B$1.2BQ2 2026$2.2B$1.1BQ3 2026
Latest (Q3 2026): Operating cash flow $2.2B, Capital spending $1.1B.

Capital allocation, year by year

Enterprise Products Partners L.P.: where the cash came from (up) and went (down), by fiscal yearEnterprise Products Partners L.P.: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $8.5BFY2021: Net borrowing −$333MFY2021: Asset sales $64.0MFY2021: Capital spending −$2.2BFY2021: Buybacks −$214M$8.6BFY2021FY2022: Operating cash flow $8.0BFY2022: Net borrowing −$1.3BFY2022: Asset sales $122MFY2022: Capital spending −$2.0BFY2022: Acquisitions −$3.2BFY2022: Buybacks −$250M$8.2BFY2022FY2023: Operating cash flow $7.6BFY2023: Net borrowing $452MFY2023: Asset sales $42.0MFY2023: Capital spending −$3.3BFY2023: Buybacks −$188M$8.1BFY2023FY2024: Operating cash flow $8.1BFY2024: Net borrowing $3.2BFY2024: Asset sales $14.0MFY2024: Capital spending −$4.5BFY2024: Acquisitions −$949MFY2024: Buybacks −$219M$11.3BFY2024FY2025: Operating cash flow $8.6BFY2025: Net borrowing $2.5BFY2025: Asset sales $82.0MFY2025: Capital spending −$5.6BFY2025: Buybacks −$300M$11.2BFY2025
Over these 5 years operating cash flow totalled $40.8B; the largest uses were capital spending ($17.6B) and acquisitions ($4.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$232M
Debt$33.4B
Net debt$33.2B
Due within a year$1.6B

Enterprise Products Partners L.P. funds itself: free cash flow was $4.8B over the last twelve months, and $232M of cash and investments stands against $33.4B of debt ($1.6B due within a year, 0.1× covered by cash).

Enterprise Products Partners L.P.: debt maturities by year (FY2025)Enterprise Products Partners L.P.: debt maturities by year (FY2025)$1.6BYear 1$1.6BYear 2$1.8BYear 3$1.2BYear 4$1.2BYear 5$27.2BAfter year 5
Principal due in each year as disclosed in the annual report, against $232M of cash and investments now.

Where the cash came from and went

Enterprise Products Partners L.P.: sources (+) and uses (−) of cash, Q3 2026Enterprise Products Partners L.P.: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.2BOther financing−$1.2BCapital spending−$1.1BNet borrowing (+) / repaid (−)$205MBuybacks−$112MPartners−$22.0MOther investing$21.0MCash drawn (+) / kept (−)$6.0MAsset & business sales$1.0M
Enterprise Products Partners L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Enterprise Products Partners L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$9.3BOther financing−$4.9BCapital spending−$4.5BAsset & business sales$661MBuybacks−$437MNet borrowing (+) / repaid (−)−$150MCash drawn (+) / kept (−)$93.0MPartners−$90.0MOther investing$33.0M

From profit to cash

Enterprise Products Partners L.P.: net income to operating cash flow, Q3 2026Enterprise Products Partners L.P.: net income to operating cash flow, Q3 2026Net income$1.6BDepreciation & amortization$626MDeferred taxes$11.0MReceivables−$1.1BInventory−$180MPayables−$136MPrepaid and other assets$283MOther liabilities−$323MOperating cash flow$2.2B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.2B−$1.1B−$112M$205M$6.0M$1.1B
Q2 2026$3.2B−$1.2B−$159M−$693M$49.0M$2.0B
Q1 2026$1.5B−$983M−$116M−$486M$851M$486M
Q4 2025$2.5B−$1.3B−$50.0M$824M−$813M$1.2B
Q3 2025$1.7B−$2.0B−$80.0M$839M$664M−$220M
Q2 2025$2.1B−$1.3B−$110M$1.2B−$642M$762M
Q1 2025$2.3B−$1.1B−$60.0M−$320M$384M$1.3B
Q4 2024$2.4B−$1.1B−$63.0M−$16.0M$835M$1.3B

Enterprise Products Partners L.P.: income statement and cash flow

Enterprise Products Partners L.P., Q3 2026: revenue $17.9B (+49% year over year), operating margin 11.1%. The chart follows the revenue to costs, profit and cash.

Enterprise Products Partners L.P.: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.