Energy · Oil & Gas Midstream
Price
$36.47
Market Cap
$78.9B
Employees
7,300
Beta
0.47
Avg Volume
3,946,270
CEO
A. James Teague
Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Its operations are structured across four distinct business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services division focuses on natural gas processing and associated NGL marketing. This segment oversees 19 natural gas processing facilities situated across Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming. Furthermore, it manages an extensive network of NGL pipelines, fractionation plants, storage sites for NGLs and related products, and NGL marine export/import terminals. Within the Crude Oil Pipelines & Services segment, the company manages crude oil pipelines, along with storage and marine terminals. A notable asset in this segment is its fleet of 255 tractor-trailer tank trucks, crucial for crude oil transportation. It also actively participates in crude oil marketing. The Natural Gas Pipelines & Services segment is dedicated to the gathering, treatment, and transmission of natural gas through its pipeline systems. This includes leasing underground salt dome natural gas storage facilities in Napoleonville, Louisiana, and owning a similar underground salt dome storage cavern in Wharton County, Texas. Natural gas marketing also forms part of its activities. Finally, the Petrochemical & Refined Products Services segment handles propylene fractionation and related marketing efforts. Its capabilities extend to butane isomerization complexes and associated deisobutanizer operations, as well as facilities for octane enhancement and the production of high-purity isobutylene. This segment additionally operates refined products pipelines and terminals, and ethylene export terminals, complementing these with refined products marketing and marine transportation solutions. Established in 1968, Enterprise Products Partners L.P. maintains its corporate headquarters in Houston, Texas.
Runs with full report
Price Overview
Last updated: Jul 7, 2026 5:41am (just now)
Current data · timestamped when a report runs
$36.47
Change · Jul 7
-0.28 (-0.76%)
Day Range
$36.42 – $37.01
52-Week Range
$30.01 – $40.17
50-Day MA
$37.77
200-Day MA
$34.71
Volume
2,180,954.00
Analyst Price Targets
Low
$34.00
Consensus
$39.71
High
$45.00
(32 analysts)
Share Structure
Outstanding
2,163,518,271.00
Float
1,450,033,216.00
Free Float
67.0%
Normal free float
— 67.0% of shares trade freely, ~33% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
13.54
Stock Price: $36.47
EPS (Diluted): 2.66
EPS (Diluted): 2.66
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.36
Stock Price: $36.47
Total Equity: $29.74B
Shares: 2,188,000,000
Total Equity: $29.74B
Shares: 2,188,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.08
Market Cap: $78.90B
Total Debt: $34.54B
Cash: $1.25B
EBITDA: $9.92B
Total Debt: $34.54B
Cash: $1.25B
EBITDA: $9.92B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$103.8B
Market Cap: $78.90B
Total Debt: $34.54B
Cash: $1.25B
Total Debt: $34.54B
Cash: $1.25B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
13.6%
Gross Profit: $7.16B
Revenue: $52.60B
Revenue: $52.60B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
13.1%
Operating Income: $6.91B
Revenue: $52.60B
Revenue: $52.60B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
11.1%
Net Income: $5.81B
Revenue: $52.60B
Revenue: $52.60B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
20.0%
Net Income: $5.81B
Total Equity: $29.74B
Total Equity: $29.74B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
10.7%
Operating Income: $6.91B
Tax Rate: 0.4%
Equity: $29.74B
Total Debt: $34.54B
Cash: $1.25B
Tax Rate: 0.4%
Equity: $29.74B
Total Debt: $34.54B
Cash: $1.25B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.04
Current Assets: $13.36B
Current Liabilities: $12.83B
Current Liabilities: $12.83B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.16
Short-Term Debt: $1.72B
Long-Term Debt: $32.81B
Total Debt: $34.54B
Total Equity: $29.74B
Long-Term Debt: $32.81B
Total Debt: $34.54B
Total Equity: $29.74B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$24.04
Revenue: $52.60B
Shares: 2,188,000,000
Shares: 2,188,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$13.59
Total Equity: $29.74B
Shares: 2,188,000,000
Shares: 2,188,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.36
Operating CF: $8.59B
CapEx: -$5.62B
Shares: 2,188,000,000
CapEx: -$5.62B
Shares: 2,188,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
6.7%
Last Dividend: N/A
Stock Price: $36.47
Stock Price: $36.47
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.81B
Net Income: $5.81B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares EPD against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 7, 2026 5:41am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $40.8B | $58.2B | $49.7B | $56.2B | $52.6B |
| Cost of Revenue | $34.9B | $51.5B | $43.0B | $49.0B | $45.4B |
| Gross Profit | $5.9B | $6.7B | $6.7B | $7.2B | $7.2B |
| Operating Expenses | -$156.0M | -$182.0M | -$213.0M | -$114.0M | $251.0M |
| Operating Income | $6.1B | $6.9B | $6.9B | $7.3B | $6.9B |
| Net Income | $4.6B | $5.5B | $5.5B | $5.9B | $5.8B |
| EBITDA | $8.0B | $8.9B | $9.0B | $9.6B | $9.9B |
| EPS | $2.11 | $2.50 | $2.53 | $2.69 | $2.66 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 7, 2026 5:41am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.8B | $76.0M | $180.0M | $583.0M | $1.2B |
| Total Current Assets | $13.3B | $10.6B | $12.2B | $15.1B | $13.4B |
| Total Assets | $67.5B | $68.1B | $71.0B | $77.2B | $77.9B |
| Current Liabilities | $11.6B | $12.3B | $13.1B | $15.2B | $12.8B |
| Long-Term Debt | $28.1B | $26.6B | $27.4B | $30.7B | $32.8B |
| Total Liabilities | $41.1B | $40.4B | $42.2B | $47.6B | $47.4B |
| Total Equity | $25.3B | $26.6B | $27.7B | $28.7B | $29.7B |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 |
Cash Flow (Annual)
Last updated: Jul 7, 2026 5:41am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $8.5B | $8.0B | $7.6B | $8.1B | $8.6B |
| Capital Expenditure | -$2.2B | -$2.0B | -$3.3B | -$4.5B | -$5.6B |
| Free Cash Flow | $6.3B | $6.1B | $4.3B | $3.6B | $3.0B |
| Acquisitions (net) | -$2.1M | -$3.2B | -$2.0M | -$949.0M | $82.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$214.0M | -$250.0M | -$188.0M | -$219.0M | -$300.0M |
| Net Change in Cash | $1.8B | -$2.8B | $114.0M | $518.0M | $407.0M |
Analyst Estimates (Annual)
Last updated: Jul 7, 2026 5:41am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$57.4B $52.3B – $63.8B
|
$59.8B $59.1B – $60.5B
|
$59.9B $53.4B – $66.2B
|
$62.3B $55.5B – $68.8B
|
| EBITDA |
$10.2B $9.3B – $11.4B
|
$10.6B $10.5B – $10.8B
|
$10.7B $9.5B – $11.8B
|
$11.1B $9.9B – $12.2B
|
| Net Income |
$7.0B $6.7B – $7.6B
|
$7.5B $7.3B – $8.2B
|
$8.0B $6.9B – $9.1B
|
$8.4B $7.2B – $9.6B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 7, 2026 5:41am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +42.6% | -14.6% | +13.1% | -6.4% |
| Gross Profit Growth | +13.1% | -0.1% | +7.6% | -0.9% |
| Operating Income Growth | +13.2% | +0.3% | +5.9% | -5.9% |
| Net Income Growth | +18.4% | +0.8% | +6.7% | -1.5% |
| EBITDA Growth | +11.7% | +1.5% | +6.0% | +3.5% |
Dividend History (Last 20)
Last updated: Jul 7, 2026 5:41am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-30 | $0.55 | 2026-04-09 | 2026-04-30 | 2026-05-14 |
| 2026-01-30 | $0.55 | 2026-01-08 | 2026-01-30 | 2026-02-13 |
| 2025-10-31 | $0.55 | 2025-10-07 | 2025-10-31 | 2025-11-14 |
| 2025-07-31 | $0.55 | 2025-07-08 | 2025-07-31 | 2025-08-14 |
| 2025-04-30 | $0.54 | 2025-04-07 | 2025-04-30 | 2025-05-14 |
| 2025-01-31 | $0.54 | 2025-01-08 | 2025-01-31 | 2025-02-14 |
| 2024-10-31 | $0.53 | 2024-10-02 | 2024-10-31 | 2024-11-14 |
| 2024-07-31 | $0.53 | 2024-07-10 | 2024-07-31 | 2024-08-14 |
| 2024-04-29 | $0.52 | 2024-04-05 | 2024-04-30 | 2024-05-14 |
| 2024-01-30 | $0.52 | 2024-01-08 | 2024-01-31 | 2024-02-14 |
| 2023-10-30 | $0.50 | 2023-10-05 | 2023-10-31 | 2023-11-14 |
| 2023-07-28 | $0.50 | 2023-07-10 | 2023-07-31 | 2023-08-14 |
| 2023-04-27 | $0.49 | 2023-04-05 | 2023-04-28 | 2023-05-12 |
| 2023-01-30 | $0.49 | 2023-01-05 | 2023-01-31 | 2023-02-14 |
| 2022-10-28 | $0.48 | 2022-10-04 | 2022-10-31 | 2022-11-14 |
| 2022-07-28 | $0.48 | 2022-07-07 | 2022-07-29 | 2022-08-12 |
| 2022-04-28 | $0.47 | 2022-04-07 | 2022-04-29 | 2022-05-12 |
| 2022-01-28 | $0.47 | 2022-01-06 | 2022-01-31 | 2022-02-11 |
| 2021-10-28 | $0.45 | 2021-10-12 | 2021-10-29 | 2021-11-12 |
| 2021-07-29 | $0.45 | 2021-07-09 | 2021-07-30 | 2021-08-12 |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-20 | TEAGUE AJ | P-Purchase | 2,665.00 | $37.55 | $100,069 |
| 2026-02-16 | WILLIAMS RANDA DUNCAN | M-Exempt | 482,000.00 | $0.00 | $0 |
| 2026-02-16 | WILLIAMS RANDA DUNCAN | F-InKind | 189,667.00 | $36.75 | $7.0M |
| 2026-02-16 | WILLIAMS RANDA DUNCAN | M-Exempt | 482,000.00 | $0.00 | $0 |
| 2026-02-16 | BACHMANN RICHARD H | M-Exempt | 83,500.00 | $0.00 | $0 |
| 2026-02-16 | BACHMANN RICHARD H | F-InKind | 32,858.00 | $36.75 | $1.2M |
| 2026-02-16 | BACHMANN RICHARD H | M-Exempt | 83,500.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 68,750.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | F-InKind | 27,054.00 | $36.75 | $994,235 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 77,500.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | F-InKind | 30,497.00 | $36.75 | $1.1M |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 75,000.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | F-InKind | 29,513.00 | $36.75 | $1.1M |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 66,250.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | F-InKind | 26,070.00 | $36.75 | $958,073 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 68,750.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 77,500.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 75,000.00 | $0.00 | $0 |
| 2026-02-16 | TEAGUE AJ | M-Exempt | 66,250.00 | $0.00 | $0 |
| 2026-02-16 | FOWLER W RANDALL | M-Exempt | 68,750.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for EPD — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v20260706-213327 · 1f28e06c · 2026-07-06 21:33:45