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NEW YORK STOCK EXCHANGE, INC. · Energy · CIK 0001061219
$36.59
-1.05% · delayed ~15 min
Last price from Oct 21, 2026
$79.24B market value
From ENTERPRISE PRODUCTS PARTNERS L.P.'s FY2025 10-K, filed Feb 27, 2026 · read the filing
ENTERPRISE PRODUCTS PARTNERS L.P supplies electricity, gas or water. It took in $52.60B last year, which makes it a very large company. Of every dollar it sells, about 11 cents is left as profit.
The financial picture is led by profitability, with debt worth watching, while growth remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From ENTERPRISE PRODUCTS PARTNERS L.P.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Cash
$583.0M → $969.0M
Free cash flow
$3.57B → $2.96B
Capital spending
$4.54B → $5.62B
Revenue
$56.22B → $52.60B
Measured against FY2024, from the 10-K filed Feb 27, 2026
Improved: +66.2%
$583.0M to $969.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
How the latest move compares (quote delayed ~15 min), and what was published around it
EPD fell 1.05% on the latest quote. The average Utilities company tracked here moved +1.72%, and the S&P 500 −1.04%. That is 2.8 points below its sector and in line with the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 28 analysts covering this company, as of . Their views, not this site's.
Of 28 analysts publishing on this company, 5 say strong buy, 9 say buy, 13 say hold and 1 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 11 cents of every dollar of sales as profit, earning $5.81B last year.
No. Sales shrank 6.4% last year.
Manageable, but notable. Clearing its debt would take about 3.9 years of cash flow.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 27, 2026Filing for FY2025 | FY202410-K · Feb 28, 2025Filing for FY2024 | FY202310-K · Feb 28, 2024Filing for FY2023 | FY202210-K · Feb 28, 2023Filing for FY2022 | FY202110-K · Feb 28, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $52.60B | $56.22B | $49.72B | $58.19B | $40.81B | −6.4% |
| Cost of revenue | $38.57B | $42.58B | $37.02B | $45.84B | $29.89B | −9.4% |
| Gross profit | $14.03B† | $13.64B† | $12.69B† | $12.35B† | $10.92B† | +2.9% |
| Gross marginGross profit ÷ revenueWhat is this? | 26.7% | 24.3% | 25.5% | 21.2% | 26.8% | +2.4 pts |
| Selling, general and administrative | $251.0M | $244.0M | $231.0M | $241.0M | $209.0M | +2.9% |
| Operating income | $7.27B | $7.34B | $6.93B | $6.91B | $6.10B | −1.0% |
| Operating marginOperating income ÷ revenueWhat is this? | 13.8% | 13.1% | 13.9% | 11.9% | 15.0% | +0.8 pts |
| Interest expense | $1.40B | $1.35B | $1.27B | $1.24B | $1.28B | +3.6% |
| Income before tax | $5.90B | $6.04B | $5.70B | $5.70B | $4.83B | −2.3% |
| Net income | $5.81B | $5.90B | $5.53B | $5.49B | $4.63B | −1.5% |
| Net marginNet income ÷ revenueWhat is this? | 11.0% | 10.5% | 11.1% | 9.4% | 11.4% | +0.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.68 | $2.72 | $2.55 | $2.52 | $2.12 | −1.4% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| EPDENTERPRISE PRODUCTS PARTNERS L.P. · this page | 6.0/10 | 6/9 | -6.4% | 11.0% | 13.64x | — |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Revenue +60.8% · Operating margin −3.5 pts · Cash -71.7% — against Q2 FY2025
Read the filingSigned a material agreement · Took on a direct financial obligation · Published results
Read the filingWrite down why you are following ENTERPRISE PRODUCTS PARTNERS L.P., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from EPD's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 27, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 6.0 | 6/9 | 10-K, filed Feb 27, 2026 |
| FY2024 | 7.3 | 7/9 | 10-K, filed Feb 28, 2025 |
| FY2023 | 6.0 | 8/9 | 10-K, filed Feb 28, 2024 |
| FY2022 | 8.0 | 7/9 | 10-K, filed Feb 28, 2023 |
| FY2021 | 8.0 | 8/9 | 10-K, filed Feb 28, 2023 |
| FY2020 | 7.0 | 6/9 | 10-K, filed Mar 1, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -17.0%
$3.57B to $2.96BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: +23.7%
$4.54B to $5.62BSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -6.4%
$56.22B to $52.60BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.4 pts
24.3% to 26.7%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: +6.6%
$30.75B to $32.77BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 7, 2026 — read it.
Improved: +60.8%
$11.36B to $18.27BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -71.7%
$870.0M to $246.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +18.6%
$3.46B to $4.11BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +25.3%
$1.79B to $2.25BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +28.2%
$1.44B to $1.84BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −8.0 pts
30.5% to 22.5%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −3.5 pts
15.8% to 12.3%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +28.5%
$0.66 to $0.84Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: −2.6 pts
12.6% to 10.1%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 7, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +27.0%
$14.39B to $18.27BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +18.7%
$1.90B to $2.25BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +24.2%
$1.48B to $1.84BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −3.3 pts
25.8% to 22.5%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +24.3%
$0.68 to $0.84Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +28.8%
$191.0M to $246.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +10.8%
$3.71B to $4.11BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
7 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 13.0x — investors pay $13.0 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
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| TRGPTarga Resources Corp. | 8.0/10 | 7/9 | 20.5% | 11.3% | 32.32x | 7.22x |
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| OKEONEOK INC /NEW/ | 7.3/10 | 6/9 | 55.0% | 10.1% | 17.43x | 1.96x |
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| Median of peers | 7.3/10 | — | 19.2% | 14.4% | 28.43x | 2.77x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Had a director or senior officer leave or join
Quarterly report for Q1 FY2026
Revenue -6.7% · Operating margin +1.8 pts · Free cash flow -61.2% — against Q1 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingAnnual report for FY2025
Revenue -6.4% · Cash +66.2% · Free cash flow -17.0% — against FY2024
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingReported another event
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Reported another event
Read the filingQuarterly report for Q3 FY2025
Revenue -12.7% · Operating margin +1.1 pts · Cash -85.6% — against Q3 FY2024
Read the filingPublished results · Reported another event
Read the filingQuarterly report for Q2 FY2025
Revenue -15.7% · Operating margin +2.7 pts · Cash +530.4% — against Q2 FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingReported another event
Read the filingSigned a material agreement · Reported another event
Read the filingReported another event
Read the filingYahoo ·
Primary sources and further research