Enterprise Products Partners L.P. (EPD) Income Statement
EPD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEPD revenue and net income
Where EPD's revenue goes
2025Each bar shows an amount and its share of revenue. EPD kept 11.1% of revenue as net income.
EPD profit margins
EPD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.4% | −3.3% | +14.1% | +6.9% |
| Gross profit | −0.9% | +2.1% | +4.6% | +7.3% |
| Operating income | −5.9% | −0.0% | +6.5% | +6.9% |
| Net income | −1.5% | +1.9% | +9.0% | +8.7% |
| EPS (diluted) | −1.5% | +1.9% | +5.6% | +6.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EPD quarterly EPS vs estimates
Enterprise Products Partners beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.75).
EPD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.60B | $56.22B | $49.72B | $58.19B | $40.81B | $27.20B | $32.79B | $36.53B | $29.24B | $23.02B |
| Cost of revenue | $45.44B | $48.99B | $43.00B | $51.46B | $34.86B | $21.48B | $27.01B | $31.35B | $25.52B | $19.59B |
| Gross profit | $7.16B | $7.22B | $6.72B | $6.72B | $5.95B | $5.71B | $5.78B | $5.18B | $3.72B | $3.43B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $251.0M | $244.0M | $229.0M | $241.0M | $209.0M | $220.0M | $211.6M | $208.3M | $181.1M | $160.1M |
| Total operating expenses | $251.0M | −$114.0M | −$213.0M | −$182.0M | −$156.0M | $680.0M | −$300.3M | −$224.9M | −$207.1M | −$149.6M |
| Operating income | $6.91B | $7.34B | $6.93B | $6.91B | $6.10B | $5.04B | $6.08B | $5.41B | $3.93B | $3.58B |
| Interest income | $37.0M | $53.0M | $30.0M | $11.0M | $1.25B | $1.24B | $11.6M | $1.15B | $1.05B | $1.01B |
| Interest expense | $1.41B | $1.36B | $1.27B | $1.24B | $1.28B | $1.29B | $1.24B | $1.10B | $984.6M | $982.6M |
| Income before taxes | $5.90B | $6.04B | $5.70B | $5.70B | $4.83B | $3.76B | $4.73B | $4.30B | $2.88B | $2.58B |
| Income taxes | $23.0M | $65.0M | $44.0M | $82.0M | $70.0M | −$124.0M | $45.6M | $60.3M | $25.7M | $23.4M |
| Net income | $5.81B | $5.90B | $5.53B | $5.49B | $4.64B | $3.78B | $4.59B | $4.17B | $2.80B | $2.51B |
| EBITDA | $9.70B | $9.59B | $9.05B | $8.91B | $7.98B | $7.16B | $7.97B | $7.19B | $5.51B | $5.11B |
| EPS (diluted) | $2.67 | $2.71 | $2.54 | $2.52 | $2.21 | $2.03 | $2.15 | $1.84 | $1.30 | $1.20 |
| Gross margin | 13.6% | 12.8% | 13.5% | 11.6% | 14.6% | 21.0% | 17.6% | 14.2% | 12.7% | 14.9% |
| Operating margin | 13.1% | 13.1% | 13.9% | 11.9% | 15.0% | 18.5% | 18.5% | 14.8% | 13.4% | 15.6% |
| Net margin | 11.1% | 10.5% | 11.1% | 9.4% | 11.4% | 13.9% | 14.0% | 11.4% | 9.6% | 10.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.27B | $14.39B | $13.79B | $12.02B | $11.36B | $15.42B | $14.20B | $13.78B | $13.48B | $14.76B | $14.62B | $12.00B |
| Cost of revenue | $16.07B | $12.50B | $11.79B | $10.37B | $9.59B | $13.68B | $12.28B | $12.01B | $11.76B | $12.95B | $12.77B | $10.36B |
| Gross profit | $2.20B | $1.88B | $2.00B | $1.66B | $1.77B | $1.74B | $1.92B | $1.77B | $1.73B | $1.81B | $1.86B | $1.64B |
| Sales, general & admin | $64.0M | $64.0M | $62.0M | $61.0M | $68.0M | $60.0M | $60.0M | $61.0M | $57.0M | $66.0M | $57.0M | $59.0M |
| Total operating expenses | $64.0M | $64.0M | $62.0M | −$29.0M | $68.0M | −$24.0M | −$47.0M | −$11.0M | −$40.0M | −$16.0M | −$65.0M | −$52.0M |
| Operating income | $2.14B | $1.82B | $1.94B | $1.69B | $1.70B | $1.76B | $1.97B | $1.78B | $1.76B | $1.82B | $1.92B | $1.70B |
| Interest income | $6.0M | $9.0M | $9.0M | $11.0M | $332.0M | $9.0M | $17.0M | $16.0M | $5.0M | $15.0M | $7.0M | $317.0M |
| Interest expense | $384.0M | $387.0M | $377.0M | $354.0M | $332.0M | $341.0M | $347.0M | $345.0M | $333.0M | $333.0M | $327.0M | $328.0M |
| Income before taxes | $1.87B | $1.52B | $1.66B | $1.34B | $1.47B | $1.43B | $1.65B | $1.45B | $1.44B | $1.50B | $1.60B | $1.37B |
| Income taxes | $12.0M | $22.0M | $4.0M | −$13.0M | $16.0M | $24.0M | $10.0M | $19.0M | $15.0M | $21.0M | −$1.0M | $22.0M |
| Net income | $1.84B | $1.48B | $1.64B | $1.33B | $1.44B | $1.39B | $1.62B | $1.42B | $1.41B | $1.46B | $1.57B | $1.32B |
| EBITDA | $2.86B | $2.52B | $2.63B | $2.37B | $2.49B | $2.42B | $2.65B | $2.35B | $2.39B | $2.46B | $2.46B | $2.30B |
| EPS (diluted) | $0.84 | $0.73 | $0.75 | $0.63 | $0.63 | $0.66 | $0.74 | $0.66 | $0.64 | $0.67 | $0.72 | $0.61 |
| Gross margin | 12.1% | 13.1% | 14.5% | 13.8% | 15.6% | 11.3% | 13.5% | 12.8% | 12.8% | 12.2% | 12.7% | 13.7% |
| Operating margin | 11.7% | 12.6% | 14.1% | 14.0% | 15.0% | 11.4% | 13.9% | 12.9% | 13.1% | 12.3% | 13.1% | 14.1% |
| Net margin | 10.1% | 10.3% | 11.9% | 11.0% | 12.6% | 9.0% | 11.4% | 10.3% | 10.4% | 9.9% | 10.7% | 11.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EPD's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EPD financial results
In fiscal year 2025 (ended December 31, 2025), Enterprise Products Partners reported revenue of $52.6 billion, down 6.4% from the year before. It had net income of $5.8 billion (down 1.5%), a net profit margin of 11.1%. Diluted earnings per share came to $2.67. Over five years revenue grew at an average rate of 14.1% a year.
See the EPD stock overview for the latest quote and news, or the EPD chart for price history and technical indicators.
EPD income statement FAQ
What is Enterprise Products Partners's annual revenue?
Enterprise Products Partners reported total revenue of $52.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.4% from $56.2 billion the previous year.
Is Enterprise Products Partners profitable?
Yes. Enterprise Products Partners reported net income of $5.8 billion in fiscal 2025, a net profit margin of 11.1%; its operating margin was 13.1%.
What is Enterprise Products Partners's gross margin?
Enterprise Products Partners's gross margin was 13.6% in fiscal 2025: for every $100 of revenue, Enterprise Products Partners kept $14 after the direct cost of its products and services.
How fast is Enterprise Products Partners growing?
Revenue grew 14.1% a year on average over the last five fiscal years, from $27.2 billion to $52.6 billion.
What are Enterprise Products Partners's earnings per share?
Enterprise Products Partners earned $2.67 per diluted share in fiscal 2025, compared with $2.71 a year earlier.
When will Enterprise Products Partners report its next earnings?
Enterprise Products Partners is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Enterprise Products Partners's fiscal year end?
Enterprise Products Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.