Filing Flows › Enterprise Products Partners L.P. (EPD) › Q1 2026
Enterprise Products Partners L.P. (EPD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Enterprise Products Partners L.P. (EPD) reported revenue of $14.4B for the first quarter 2026 (Q1 2026), -7% from a year earlier and +4% from the quarter before. Operating margin was 13.2%, net earnings $1.5B (10.3% of revenue).
Enterprise Products Partners L.P., Q1 2026: revenue $14.4B (-7% year over year), operating margin 13.2%, net earnings $1.5B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.4B | +4% | -7% |
| Operating profit | $1.9B | -6% | +8% |
| Net earnings | $1.5B | -10% | +6% |
| Operating cash flow | $1.5B | -41% | -37% |
| Free cash flow | $486M | -58% | -61% |
What changed
Revenue was $14.4B in Q1 2026, down 7% year over year and up 4% from the previous quarter. Crude Oil Pipelines & Services was the largest line at 44% of revenue. NGL Pipelines & Services lost $1.4B year over year (down 25%), 133% of the total change.
Operating profit was $1.9B, a 13.2% margin (up 1.8 points year over year). Total costs fell 9% while revenue fell 7%. Net earnings were $1.5B, up 6% year over year. The effective tax rate was 1.4%.
Operating cash flow was $1.5B (down 37% year over year), 98% of net earnings. Non-cash charges added back $0.61B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.69B. Capital expenditures of $1.0B left free cash flow of $0.49B.
Questions
What was Enterprise Products Partners L.P.'s revenue in the first quarter 2026?
Enterprise Products Partners L.P.
Was Enterprise Products Partners L.P. profitable in the first quarter 2026?
Operating profit was $1.9B (13.2% of revenue) and net earnings $1.5B.
Source: Enterprise Products Partners L.P. 10-Q on SEC EDGAR.