Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Enterprise Products Partners L.p.

EPD · NYSE · Energy

Fundamental quality

REASONABLE

62

out of 100

Enterprise Products Partners L.p. grows profitably: it increases revenue at double digits (14.9% a year) without giving up profitability (net margin 10.8%). On fundamental quality it scores 62 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 3.29× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Enterprise Products Partners is the aristocracy of American pipelines: gas pipelines, processing and NGL export terminals, run with legendary financial conservatism. A quarter century of raising its distribution every year — the track record its investors buy.

What will shape its future

  • NGL volumes headed for export, its strongest franchise.
  • Its financial discipline: low debt and self-funded projects, a sector rarity.
  • Its MLP structure: reliable distributions in exchange for tax paperwork for the holder.

Breakdown by area

I.Growth
67

EPS growth: 9.8% · Revenue growth: 14.9%

II.Profitability
66

Net margin: 10.8% · ROIC: 23.7%

III.Financial health
54

Net debt/EBITDA: 3.29x · FCF: 5.9%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 63%
Growthbeats 43%
Cash generationbeats 48%
Less debtbeats 36%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Enterprise Products Partners L.p. strengths

  • Revenue growing (14.9% annualized).
  • Solid net margin (10.8%): the business is clearly profitable.
  • Positive free cash flow year after year, a self-funding business.

Enterprise Products Partners L.p. risks and weaknesses

  • Shrinking margins: net margin has fallen from 14% to 11% in recent years.

Enterprise Products Partners L.p. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202027,2003,7752,60328,806
202140,8074,6346,29026,715
202258,1865,4876,07528,219
202349,7155,5294,30328,568
202456,2195,8973,57131,313
202552,5965,8102,96533,426

Between 2020 and 2025, revenue went from $27,200M to $52,596M (+93%) and net income went from $3,775M to $5,810M (+54%). Meanwhile, its margins have narrowed (from 14% to 11%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+21.9%
  • Net income+17.5%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6062
  • Net margin11.4%10.8%
  • FCF margin4.3%5.9%
  • Revenue growth13%14.9%
  • Net debt/EBITDA3.54×3.29×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Enterprise Products Partners L.p. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Enterprise Products Partners L.p. a good company to invest in?

In terms of business quality, Enterprise Products Partners L.p. scores 62 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Enterprise Products Partners L.p. a profitable company?

Yes. Enterprise Products Partners L.p. shows a net margin of 10.8%, a sign of a profitable business.

Does Enterprise Products Partners L.p. have a lot of debt?

Yes, its leverage is high: net debt is 3.29 times its EBITDA.

Is Enterprise Products Partners L.p. growing?

Its revenue has grown 14.9% annualized in recent years and its earnings per share 9.8%.

Does Enterprise Products Partners L.p. generate cash?

Yes. It converts about 5.9% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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