EPD
Enterprise Products Partners L.P.Stock · Utilities$38.89+1.14%
as of market close, Sep 18, 2026
☾ AH — —
EPD financial statements
The full income statement, balance sheet, and cash-flow statement for Enterprise Products Partners L.P. (EPD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 2.17B2024-09 2.17B2024-12 2.17B2025-03 2.17B2025-06 2.17B2025-09 2.16B2025-12 2.16B2026-03 2.16B2026-06 2.16B-0.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 52.6B-6.4% | 56.2B+13.1% | 49.7B-14.6% | 58.2B+42.6% | 40.8B+50.0% | ||
| Lease income | 16.0M+6.7% | 15.0M-6.3% | 16.0M+14.3% | 14.0M+16.7% | 12.0M+9.1% | |
| Cost of revenue | 38.6B-9.4% | 42.6B+15.0% | 37.0B-19.2% | 45.8B+53.4% | 29.9B+78.7% | |
| Selling, general & administrative | 251M+2.9% | 244M+5.6% | 231M-4.1% | 241M+15.3% | 209M-5.0% | |
| General & administrative | 251M+2.9% | 244M+5.6% | 231M-4.1% | 241M+15.3% | 209M-5.0% | |
| Amortization of intangibles | 216M+4.3% | 207M+3.0% | 201M+13.6% | 177M+17.2% | 151M+5.6% | |
| Operating income | 7.27B-1.0% | 7.34B+5.9% | 6.93B+0.3% | 6.91B+13.2% | 6.10B+21.2% | |
| Interest expense | 1.40B+3.6% | 1.35B+6.5% | 1.27B+2.0% | 1.24B-3.0% | 1.28B-0.3% | |
| Other non-operating income | 4.00M+100.0% | 2.00M-85.7% | 14.0M-39.1% | 23.0M | 0.00-100.0% | |
| Equity-method income | 361M-11.5% | 408M-11.7% | 462M-0.4% | 464M-20.4% | 583M+36.9% | |
| Pre-tax income | 5.90B-2.3% | 6.04B+5.9% | 5.70B+0.1% | 5.70B+18.1% | 4.83B+28.3% | |
| Income tax | 23.0M-64.6% | 65.0M+47.7% | 44.0M-46.3% | 82.0M+17.1% | 70.0M+156.5% | |
| 5.81B-1.5% | 5.90B+6.7% | 5.53B+0.8% | 5.49B+18.4% | 4.63B+22.8% | ||
| Net income to common | 5.75B-1.5% | 5.84B+6.6% | 5.48B+0.7% | 5.44B+18.4% | 4.60B+22.8% | |
| Weighted-avg shares (diluted) | 2.19B-0.2% | 2.19B-0.1% | 2.19B-0.2% | 2.20B-0.2% | 2.20B+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.4B-11.7% | 15.1B+23.6% | 12.2B+15.6% | 10.6B-20.1% | 13.3B+33.9% | ||
| Cash & equivalents | 969M+66.2% | 583M+223.9% | 180M+136.8% | 76.0M-97.3% | 2.82B+166.1% | |
| Accounts receivable | — | — | — | 6.96B-0.0% | 6.97B+45.1% | |
| Inventory | 3.88B-1.8% | 3.96B+18.0% | 3.35B+31.2% | 2.55B-4.7% | 2.68B-18.8% | |
| Prepaid expenses | 1.30B+130.0% | 566M+23.9% | 457M+16.0% | 394M-1.3% | 399M-2.9% | |
| 77.9B+1.0% | 77.2B+8.7% | 71.0B+4.2% | 68.1B+0.9% | 67.5B+5.3% | ||
| Property, plant & equipment | 51.4B+4.7% | 49.1B+7.1% | 45.8B+3.2% | 44.4B+5.5% | 42.1B+0.4% | |
| Operating lease right-of-use | 437M+0.5% | 435M+19.5% | 364M-0.3% | 365M+5.6% | 346M+4.1% | |
| Goodwill | 5.71B+0.0% | 5.71B+1.9% | 5.61B+0.0% | 5.61B+2.9% | 5.45B+0.0% | |
| Intangible assets | 4.16B+3.8% | 4.00B+6.2% | 3.77B-4.9% | 3.96B+25.8% | 3.15B-4.8% | |
| Other non-current assets | 690M-30.8% | 997M-18.4% | 1.22B+3.2% | 1.18B+3.9% | 1.14B+3.9% | |
| 12.8B-15.5% | 15.2B+15.6% | 13.1B+7.1% | 12.3B+5.5% | 11.6B+29.3% | ||
| Accounts payable | — | — | — | 743M+17.6% | 632M-10.3% | |
| Deferred revenue | 157M-6.5% | 168M | — | — | — | |
| Short-term & current debt | 1.63B+41.3% | 1.15B-11.5% | 1.30B-25.5% | 1.74B+24.6% | 1.40B+5.7% | |
| Current lease liability | 94.0M-10.5% | 105M+40.0% | 75.0M+25.0% | 60.0M+65.3% | 36.3M+30.6% | |
| Other current liabilities | 779M-4.8% | 818M+21.2% | 675M-13.2% | 778M+24.3% | 626M+2.8% | |
| Finance lease liability (current) | 3.00M+200.0% | 1.00M | — | — | — | |
| Long-term debt | 32.8B+6.6% | 30.7B+12.0% | 27.4B+3.4% | 26.6B-5.6% | 28.1B-1.4% | |
| Deferred revenue (non-current) | 261M-8.1% | 284M-12.9% | 326M+1.9% | 320M+28.0% | 250M+26.1% | |
| Non-current lease liability | 377M+3.0% | 366M+13.3% | 323M-5.3% | 341M+0.6% | 339M+5.7% | |
| Operating lease liability (total) | 471M+0.0% | 471M+18.3% | 398M-0.7% | 401M+6.9% | 375M+7.6% | |
| Finance lease liability (total) | 16.0M+300.0% | 4.00M | — | — | — | |
| Finance lease liability | 13.0M+333.3% | 3.00M | — | — | — | |
| Deferred tax liabilities | 702M+7.0% | 656M+7.4% | 611M+1.8% | 600M+15.8% | 518M+11.5% | |
| Other non-current liabilities | 607M-36.1% | 950M-3.5% | 984M+4.6% | 941M+23.8% | 760M+10.7% | |
| Accumulated other comprehensive income | 336M+42.4% | 236M-23.1% | 307M-15.9% | 365M+27.6% | 286M+273.3% | |
| Total liabilities & equity | 77.9B+1.0% | 77.2B+8.7% | 71.0B+4.2% | 68.1B+0.9% | 67.5B+5.3% | |
| Shares outstanding (cover) | 2.16B-0.2% | 2.17B-0.1% | 2.17B-0.1% | 2.17B-0.3% | 2.18B-0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 8.59B+5.8% | 8.12B+7.2% | 7.57B-5.8% | 8.04B-5.6% | 8.51B+44.5% | ||
| Depreciation & amortization | 2.30B+5.6% | 2.18B+5.8% | 2.06B+5.4% | 1.96B+5.4% | 1.86B-10.4% | |
| Intangible amortization | 216M+4.3% | 207M+3.0% | 201M+13.6% | 177M+17.2% | 151M+5.6% | |
| Deferred income taxes | 46.0M+2.2% | 45.0M+275.0% | 12.0M-80.0% | 60.0M+50.0% | 40.0M+127.0% | |
| Change in receivables | -2.75B-289.1% | 1.45B+79.4% | 810M+850.0% | -108M-104.5% | 2.41B+902.3% | |
| Change in inventory | -122M-120.4% | 598M-16.2% | 714M+645.0% | -131M+84.9% | -867M-161.1% | |
| Other operating activities | 0.00-100.0% | 1.00M+0.0% | 1.00M | 0.00+100.0% | -1.00M-150.0% | |
| -5.49B-1.1% | -5.43B-69.9% | -3.20B+35.5% | -4.95B-132.0% | -2.13B+31.6% | ||
| Capital expenditure | 5.62B+23.7% | 4.54B+39.1% | 3.27B+66.3% | 1.96B-11.7% | 2.22B-32.4% | |
| Free cash flow | 2.96B-17.0% | 3.57B-17.0% | 4.30B-29.2% | 6.08B-3.4% | 6.29B+141.6% | |
| Acquisitions | 0.00-100.0% | 949M | 0.00-100.0% | 3.20B | 0.00 | |
| Other investing activities | 25.0M-19.4% | 31.0M+138.5% | 13.0M+160.0% | 5.00M-75.0% | 20.0M+11.1% | |
| -2.69B-24.2% | -2.16B+49.2% | -4.26B+27.1% | -5.84B-27.8% | -4.57B-126.1% | ||
| Long-term debt issued | 88.3B+64.4% | 53.7B-40.2% | 89.9B-6.5% | 96.1B+761.5% | 11.2B+67.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 300M+37.0% | 219M+16.5% | 188M-24.8% | 250M+16.8% | 214M+15.1% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -59.0M+10.6% | -66.0M-8.2% | -61.0M-15.1% | -53.0M-29.3% | -41.0M-13.9% | |
| Net change in cash | 407M-21.4% | 518M+354.4% | 114M+104.1% | -2.76B-252.7% | 1.81B+141.6% | |
| Interest paid | 1.35B+7.7% | 1.25B+2.2% | 1.23B-0.3% | 1.23B+0.1% | 1.23B+2.5% | |
| Income taxes paid | 12.0M-40.0% | 20.0M-16.7% | 24.0M | 0.00-100.0% | 18.0M-28.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 69.3B+2.0% | 67.9B+18.7% | 57.2B+9.1% | 52.5B+9.8% | 47.8B+11.8% | |
| P/E | 11.9×+3.6% | 11.5×+8.3% | 10.6×+3.3% | 10.3×-0.1% | 10.3×-8.9% | |
| P/S | 1.3×+9.1% | 1.2×+2.9% | 1.2×+25.1% | 0.9×-19.9% | 1.2×-25.5% | |
| P/FCF | 23.4×+22.9% | 19.0×+63.3% | 11.6×+29.2% | 9.0×+18.7% | 7.6×-53.7% | |
| Earnings yield | 8.4%-3.5% | 8.7%-7.7% | 9.4%-3.2% | 9.7%+0.1% | 9.7%+9.8% | |
| FCF yield | 4.3%-18.6% | 5.3%-38.8% | 8.6%-22.6% | 11.1%-15.7% | 13.2%+116.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: EPD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EPD filings on SEC EDGAR → Not investment advice.