Filing Flows › Enterprise Products Partners L.P. (EPD) › Q2 2026
Enterprise Products Partners L.P. (EPD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Enterprise Products Partners L.P. (EPD) reported revenue of $18.3B for the second quarter 2026 (Q2 2026), +61% from a year earlier and +27% from the quarter before. Operating margin was 12.3%, net earnings $1.8B (10.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.3B | +27% | +61% |
| Operating profit | $2.2B | +19% | +25% |
| Net earnings | $1.8B | +24% | +28% |
| Operating cash flow | $3.2B | +117% | +54% |
| Free cash flow | $2.0B | +316% | +165% |
What changed
Revenue was $18.3B in Q2 2026, up 61% year over year and up 27% from the previous quarter. Crude Oil Pipelines & Services was the largest line at 46% of revenue. Crude Oil Pipelines & Services added $3.6B year over year (up 74%), 51% of the total change. Natural Gas Pipelines & Services declined 38%.
Operating profit was $2.2B, a 12.3% margin (down 3.5 points year over year). Of the extra revenue versus Q2 2025, 7% reached operating profit, below the 16% margin then. Total costs grew 67% against revenue growth of 61%. The fastest-growing cost line was Cost of revenue (+79%). Net earnings were $1.8B, up 28% year over year. The effective tax rate was 0.6%.
Operating cash flow was $3.2B (up 54% year over year), 171% of net earnings. Non-cash charges added back $0.62B of depreciation and amortization. Working capital and other items added $0.70B. Capital expenditures of $1.2B left free cash flow of $2.0B.
Questions
What was Enterprise Products Partners L.P.'s revenue in the second quarter 2026?
Enterprise Products Partners L.P.
Was Enterprise Products Partners L.P. profitable in the second quarter 2026?
Operating profit was $2.2B (12.3% of revenue) and net earnings $1.8B.
Source: Enterprise Products Partners L.P. 10-Q on SEC EDGAR.