Filing Flows › Enterprise Products Partners L.P. (EPD) › Q3 2026 › vs Q2 2026
Enterprise Products Partners L.P. (EPD) Q3 2026 vs Q2 2026 (quarter over quarter)
Enterprise Products Partners L.P.'s revenue fell $321M (-2%) from $18.3B in Q2 2026 to $17.9B in Q3 2026. The biggest changes: Crude Oil Pipelines & Services −$1.7B (-20%); NGL Pipelines & Services +$711M (+14%); Natural Gas Pipelines & Services +$529M (+80%). Operating margin 11.1% against 12.3% (-1.2 pts).
Enterprise Products Partners L.P., Q3 2026: revenue $17.9B (+49% year over year), operating margin 11.1%, net earnings $1.6B, operating cash flow $2.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.1% | 12.3% | -1.2 pts |
| Net margin | 9.0% | 10.1% | -1.0 pts |
| Free cash flow margin | 6.3% | 11.1% | -4.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Crude Oil Pipelines & Services | $6.6B | $8.3B | −$1.7B | -20% |
| NGL Pipelines & Services | $5.9B | $5.2B | $711M | +14% |
| Petrochemical & Refined Products Services | $4.2B | $4.0B | $147M | +4% |
| Natural Gas Pipelines & Services | $1.2B | $659M | $529M | +80% |
| Revenue | $17.9B | $18.3B | −$321M | -2% |
| Operating profit | $2.0B | $2.2B | −$259M | -12% |
| Costs & expenses | $16.0B | $16.0B | −$62.0M | -0.4% |
| Pre-tax earnings | $1.7B | $1.9B | −$213M | -11% |
| Other expense, net | $335M | $381M | −$46.0M | -12% |
| Cost of revenue | $14.0B | $14.2B | −$167M | -1% |
| General & admin | $60.0M | $64.0M | −$4.0M | -6% |
| Other operating costs | $1.9B | $1.8B | $109M | +6% |
| Net earnings | $1.6B | $1.8B | −$216M | -12% |
| Minority interests | $14.0M | $16.0M | −$2.0M | -12% |
| Income tax | $17.0M | $12.0M | $5.0M | +42% |
| Depreciation & amortization | $626M | $621M | $5.0M | +0.8% |
| Working capital & other | $65.0M | −$720M | $785M | — |
| Operating cash flow | $2.2B | $3.2B | −$996M | -31% |
| Free cash flow (OCF − capex) | $1.1B | $2.0B | −$896M | -44% |
| Capital expenditures | $1.1B | $1.2B | −$100M | -9% |
Questions
How much did Enterprise Products Partners L.P.'s revenue grow quarter over quarter in Q3 2026?
Enterprise Products Partners L.P.'s revenue fell $321M (-2%) from $18.3B in Q2 2026 to $17.9B in Q3 2026.
What drove Enterprise Products Partners L.P.'s revenue change in Q3 2026?
Crude Oil Pipelines & Services −$1.7B (-20%); NGL Pipelines & Services +$711M (+14%); Natural Gas Pipelines & Services +$529M (+80%).