Filing Flows › Enterprise Products Partners L.P. (EPD) › Q3 2026 › vs Q3 2025
Enterprise Products Partners L.P. (EPD) Q3 2026 vs Q3 2025 (year over year)
Enterprise Products Partners L.P.'s revenue rose $5.9B (+49%) from $12.0B in Q3 2025 to $17.9B in Q3 2026. The biggest changes: NGL Pipelines & Services +$2.5B (+72%); Petrochemical & Refined Products Services +$2.0B (+88%); Crude Oil Pipelines & Services +$1.2B (+23%). Operating margin 11.1% against 14.0% (-2.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.1% | 14.0% | -2.9 pts |
| Net margin | 9.0% | 11.1% | -2.1 pts |
| Free cash flow margin | 6.3% | -1.8% | +8.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Crude Oil Pipelines & Services | $6.6B | $5.4B | $1.2B | +23% |
| NGL Pipelines & Services | $5.9B | $3.5B | $2.5B | +72% |
| Petrochemical & Refined Products Services | $4.2B | $2.2B | $2.0B | +88% |
| Natural Gas Pipelines & Services | $1.2B | $932M | $256M | +27% |
| Revenue | $17.9B | $12.0B | $5.9B | +49% |
| Operating profit | $2.0B | $1.7B | $304M | +18% |
| Costs & expenses | $16.0B | $10.3B | $5.6B | +54% |
| Pre-tax earnings | $1.7B | $1.3B | $312M | +23% |
| Other expense, net | $335M | $343M | −$8.0M | -2% |
| Cost of revenue | $14.0B | $8.6B | $5.4B | +63% |
| General & admin | $60.0M | $61.0M | −$1.0M | -2% |
| Other operating costs | $1.9B | $1.7B | $219M | +13% |
| Net earnings | $1.6B | $1.3B | $286M | +21% |
| Minority interests | $14.0M | $18.0M | −$4.0M | -22% |
| Income tax | $17.0M | −$13.0M | $30.0M | — |
| Depreciation & amortization | $626M | $582M | $44.0M | +8% |
| Working capital & other | $65.0M | $232M | −$167M | -72% |
| Operating cash flow | $2.2B | $1.7B | $447M | +26% |
| Free cash flow (OCF − capex) | $1.1B | −$220M | $1.3B | — |
| Capital expenditures | $1.1B | $2.0B | −$900M | -46% |
Questions
How much did Enterprise Products Partners L.P.'s revenue grow year over year in Q3 2026?
Enterprise Products Partners L.P.'s revenue rose $5.9B (+49%) from $12.0B in Q3 2025 to $17.9B in Q3 2026.
What drove Enterprise Products Partners L.P.'s revenue change in Q3 2026?
NGL Pipelines & Services +$2.5B (+72%); Petrochemical & Refined Products Services +$2.0B (+88%); Crude Oil Pipelines & Services +$1.2B (+23%).