Filing Flows › Enterprise Products Partners L.P. (EPD) › Q2 2026 › vs Q2 2025
Enterprise Products Partners L.P. (EPD) Q2 2026 vs Q2 2025 (year over year)
Enterprise Products Partners L.P.'s revenue rose $6.9B (+61%) from $11.4B in Q2 2025 to $18.3B in Q2 2026. The biggest changes: Crude Oil Pipelines & Services +$3.6B (+74%); Petrochemical & Refined Products Services +$1.9B (+92%); NGL Pipelines & Services +$1.8B (+54%). Operating margin 12.3% against 15.8% (-3.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.3% | 15.8% | -3.5 pts |
| Net margin | 10.1% | 12.6% | -2.6 pts |
| Free cash flow margin | 11.1% | 6.7% | +4.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Crude Oil Pipelines & Services | $8.3B | $4.8B | $3.6B | +74% |
| NGL Pipelines & Services | $5.2B | $3.4B | $1.8B | +54% |
| Petrochemical & Refined Products Services | $4.0B | $2.1B | $1.9B | +92% |
| Natural Gas Pipelines & Services | $659M | $1.1B | −$412M | -38% |
| Revenue | $18.3B | $11.4B | $6.9B | +61% |
| Operating profit | $2.2B | $1.8B | $454M | +25% |
| Costs & expenses | $16.0B | $9.6B | $6.5B | +67% |
| Pre-tax earnings | $1.9B | $1.5B | $398M | +27% |
| Other expense, net | $381M | $325M | $56.0M | +17% |
| Cost of revenue | $14.2B | $7.9B | $6.3B | +79% |
| General & admin | $64.0M | $68.0M | −$4.0M | -6% |
| Other operating costs | $1.8B | $1.6B | $195M | +12% |
| Net earnings | $1.8B | $1.4B | $405M | +28% |
| Minority interests | $16.0M | $19.0M | −$3.0M | -16% |
| Income tax | $12.0M | $16.0M | −$4.0M | -25% |
| Depreciation & amortization | $621M | $564M | $57.0M | +10% |
| Working capital & other | $720M | $12.0M | $708M | 60× |
| Operating cash flow | $3.2B | $2.1B | $1.1B | +54% |
| Free cash flow (OCF − capex) | $2.0B | $762M | $1.3B | +165% |
| Capital expenditures | $1.2B | $1.3B | −$141M | -11% |
Questions
How much did Enterprise Products Partners L.P.'s revenue grow year over year in Q2 2026?
Enterprise Products Partners L.P.'s revenue rose $6.9B (+61%) from $11.4B in Q2 2025 to $18.3B in Q2 2026.
What drove Enterprise Products Partners L.P.'s revenue change in Q2 2026?
Crude Oil Pipelines & Services +$3.6B (+74%); Petrochemical & Refined Products Services +$1.9B (+92%); NGL Pipelines & Services +$1.8B (+54%).