Filing Flows › Comparisons › EPD vs NGG
Enterprise Products Partners L.P. vs National Grid: EPD and NGG compared
Enterprise Products Partners L.P. is the larger company: $17.9B of revenue in its latest quarter (Q3 2026) against $8.1B for National Grid (H1 FY27). Enterprise Products Partners L.P. is growing faster (+49% against +15% a year earlier). National Grid is more profitable, with an operating margin of 29.0% against 11.1%.
Where the money goes: EPD and NGG
Enterprise Products Partners L.P. (EPD) · Q3 2026
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.
National Grid (NGG) · H1 FY27
National Grid, H1 FY27: revenue $8.1B (+15% year over year), operating margin 29.0%, net earnings $1.3B, operating cash flow $4.1B. The chart follows the revenue to costs, profit and cash.
| Enterprise Products Partners L.P. (EPD) | National Grid (NGG) | |
|---|---|---|
| Latest quarter | Q3 2026 | H1 FY27 |
| Revenue | $17.9B | $8.1B |
| Revenue growth, Y/Y | +49% | +15% |
| Operating margin | 11.1% | 29.0% |
| Net earnings | $1.6B | $1.3B |
| Net margin | 9.0% | 16.5% |
| Operating cash flow | $2.2B | $4.1B |
| Free cash flow | $1.1B | — |
| Market value | $79.9B | — |
| P/E | 12.1× | — |
| Analysts’ mean target | $41.76 | — |
Where the revenue comes from
Enterprise Products Partners L.P.
- Crude Oil Pipelines & Services: $6.6B (37%)
- NGL Pipelines & Services: $5.9B (33%)
- Petrochemical & Refined Products Services: $4.2B (23%)
- Natural Gas Pipelines & Services: $1.2B (7%)
Questions
Which is bigger, Enterprise Products Partners L.P. or National Grid?
Enterprise Products Partners L.P. is the larger company: $17.9B of revenue in its latest quarter (Q3 2026) against $8.1B for National Grid (H1 FY27).
Is Enterprise Products Partners L.P. or National Grid growing faster?
Enterprise Products Partners L.P. is growing faster (+49% against +15% a year earlier).
Which is more profitable, Enterprise Products Partners L.P. or National Grid?
National Grid is more profitable, with an operating margin of 29.0% against 11.1%.
More: Enterprise Products Partners L.P. earnings · how Enterprise Products Partners L.P. makes money · National Grid earnings · how National Grid makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 6-K filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.