Filing Flows › Enterprise Products Partners L.P. (EPD) › How it makes money
How Enterprise Products Partners L.P. (EPD) makes money
Enterprise Products Partners L.P. (EPD) made $17.9B of revenue in the third quarter 2026 (Q3 2026), +49% from a year earlier. Crude Oil Pipelines & Services brought in $6.6B (37%); NGL Pipelines & Services brought in $5.9B (33%); Petrochemical & Refined Products Services brought in $4.2B (23%). Of every dollar of revenue, 11¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Crude Oil Pipelines & Services | $6.6B | 36.9% | -20% | +23% |
| NGL Pipelines & Services | $5.9B | 33.1% | +14% | +72% |
| Petrochemical & Refined Products Services | $4.2B | 23.3% | +4% | +88% |
| Natural Gas Pipelines & Services | $1.2B | 6.6% | +80% | +27% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $17.9B | 100.0% |
| Operating profit | $2.0B | 11.1% |
| Income tax | $17.0M | 0.1% |
| Net earnings | $1.6B | 9.0% |
| Operating cash flow | $2.2B | 12.2% |
| Free cash flow | $1.1B | 6.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $17.9B | +49% |
| Q2 2026 | $18.3B | +61% |
| Q1 2026 | $14.4B | -7% |
| Q4 2025 | $13.8B | -3% |
| Q3 2025 | $12.0B | -13% |
| Q2 2025 | $11.4B | -16% |
| Q1 2025 | $15.4B | +4% |
From Enterprise Products Partners L.P.'s 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Enterprise Products Partners L.P. make money?
Enterprise Products Partners L.P. (EPD) made $17.9B of revenue in the third quarter 2026 (Q3 2026), +49% from a year earlier. Crude Oil Pipelines & Services brought in $6.6B (37%); NGL Pipelines & Services brought in $5.9B (33%); Petrochemical & Refined Products Services brought in $4.2B (23%). Of every dollar of revenue, 11¢ was left as operating profit, 9¢ was left as net earnings.
What is Enterprise Products Partners L.P.'s biggest business?
Crude Oil Pipelines & Services: $6.6B in the third quarter 2026, 37% of revenue, +23% from a year earlier.
What is Enterprise Products Partners L.P.'s profit margin?
Net earnings were $1.6B, 9.0% of revenue, in the third quarter 2026; the operating margin was 11.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.