Filing Flows › Enterprise Products Partners L.P. (EPD) › Q2 2026 › vs Q1 2026
Enterprise Products Partners L.P. (EPD) Q2 2026 vs Q1 2026 (quarter over quarter)
Enterprise Products Partners L.P.'s revenue rose $3.9B (+27%) from $14.4B in Q1 2026 to $18.3B in Q2 2026. The biggest changes: Crude Oil Pipelines & Services +$2.0B (+32%); NGL Pipelines & Services +$1.2B (+30%); Petrochemical & Refined Products Services +$1.1B (+37%). Operating margin 12.3% against 13.2% (-0.9 pts).
Enterprise Products Partners L.P., Q2 2026: revenue $18.3B (+61% year over year), operating margin 12.3%, net earnings $1.8B, operating cash flow $3.2B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.3% | 13.2% | -0.9 pts |
| Net margin | 10.1% | 10.3% | -0.2 pts |
| Free cash flow margin | 11.1% | 3.4% | +7.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Crude Oil Pipelines & Services | $8.3B | $6.3B | $2.0B | +32% |
| NGL Pipelines & Services | $5.2B | $4.0B | $1.2B | +30% |
| Petrochemical & Refined Products Services | $4.0B | $2.9B | $1.1B | +37% |
| Natural Gas Pipelines & Services | $659M | $1.1B | −$448M | -40% |
| Revenue | $18.3B | $14.4B | $3.9B | +27% |
| Operating profit | $2.2B | $1.9B | $354M | +19% |
| Costs & expenses | $16.0B | $12.5B | $3.5B | +28% |
| Pre-tax earnings | $1.9B | $1.5B | $350M | +23% |
| Other expense, net | $381M | $377M | $4.0M | +1% |
| Cost of revenue | $14.2B | $10.7B | $3.5B | +33% |
| General & admin | $64.0M | $64.0M | $0 | 0% |
| Other operating costs | $1.8B | $1.7B | $47.0M | +3% |
| Net earnings | $1.8B | $1.5B | $358M | +24% |
| Minority interests | $16.0M | $14.0M | $2.0M | +14% |
| Income tax | $12.0M | $22.0M | −$10.0M | -45% |
| Depreciation & amortization | $621M | $611M | $10.0M | +2% |
| Working capital & other | $720M | −$678M | $1.4B | — |
| Operating cash flow | $3.2B | $1.5B | $1.7B | +117% |
| Free cash flow (OCF − capex) | $2.0B | $486M | $1.5B | +316% |
| Capital expenditures | $1.2B | $983M | $175M | +18% |
Questions
How much did Enterprise Products Partners L.P.'s revenue grow quarter over quarter in Q2 2026?
Enterprise Products Partners L.P.'s revenue rose $3.9B (+27%) from $14.4B in Q1 2026 to $18.3B in Q2 2026.
What drove Enterprise Products Partners L.P.'s revenue change in Q2 2026?
Crude Oil Pipelines & Services +$2.0B (+32%); NGL Pipelines & Services +$1.2B (+30%); Petrochemical & Refined Products Services +$1.1B (+37%).