Filing Flows › Enterprise Products Partners L.P. (EPD) › Q3 2026
Enterprise Products Partners L.P. (EPD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Enterprise Products Partners L.P. (EPD) reported revenue of $17.9B for the third quarter 2026 (Q3 2026), +49% from a year earlier and -2% from the quarter before. Operating margin was 11.1%, net earnings $1.6B (9.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.9B | -2% | +49% |
| Operating profit | $2.0B | -12% | +18% |
| Net earnings | $1.6B | -12% | +21% |
| Operating cash flow | $2.2B | -31% | +26% |
| Free cash flow | $1.1B | -44% | — |
What changed
Revenue was $17.9B in Q3 2026, up 49% year over year and down 2% from the previous quarter. Crude Oil Pipelines & Services was the largest line at 37% of revenue. NGL Pipelines & Services added $2.5B year over year (up 72%), 42% of the total change.
Operating profit was $2.0B, a 11.1% margin (down 2.9 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, below the 14% margin then. Total costs grew 54% against revenue growth of 49%. The fastest-growing cost line was Cost of revenue (+63%). Net earnings were $1.6B, up 21% year over year. The effective tax rate was 1.0%.
Operating cash flow was $2.2B (up 26% year over year), 133% of net earnings. Non-cash charges added back $0.63B of depreciation and amortization. Capital expenditures of $1.1B left free cash flow of $1.1B.
Questions
What was Enterprise Products Partners L.P.'s revenue in the third quarter 2026?
Enterprise Products Partners L.P.
Was Enterprise Products Partners L.P. profitable in the third quarter 2026?
Operating profit was $2.0B (11.1% of revenue) and net earnings $1.6B.
Source: Enterprise Products Partners L.P. 10-Q on SEC EDGAR.