
Enterprise Products Partners L.P. Income Statement 2025-2005 | EPD
Brief overview of profit and loss at Enterprise Products Partners L.P.
The overview follows changes across a five-year period. Revenue at Enterprise Products Partners L.P. moved from $27.2 billion in 2020 to $52.6 billion in 2025. Across the full period, sales moved by +93.4%; the average annual rate was 14.1%. The pace indicates confident and sustained business growth.
The five-year change in gross profit reached +33.9%: from $10.5 billion to $14 billion. Cost of revenue developed less favorably than sales and pressured gross profitability. Comparing the endpoints gives gross margins of 38.5% and 26.7%. A lower margin indicates deterioration in the economics of the core business.
The five-year EBITDA result moved by +39.2%: from 6.7 billion dollars to 9.4 billion dollars. EBITDA underperformed the top-line trend. Comparing the endpoints gives EBITDA margins of 24.7% and 17.8%. Operating return per unit of revenue declined.
The net result moved from 3.8 billion dollars to 5.8 billion dollars, or +53.9%. Profit changed without establishing a distinct trend.
Overall conclusion
The five-year picture requires weighing both strengths and weaknesses. The positive side is supported by a stronger final result and revenue expansion. The main areas of concern are pressure on operating profitability and pressure from direct costs. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Enterprise Products Partners L.P.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | - | - | - | 58.1 B | 60.5 B | 61 B | 60.2 B | 48.1 B | 66.7 B | 60.9 B | 50.5 B | 39.1 B | 4.48 B | 2.72 B | - | - | - | - |
Shares |
- | - | - | - | - | - | 2.19 B | 2.19 B | 2.15 B | 2.12 B | 2.01 B | 1.94 B | 1.87 B | 1.81 B | 1.64 B | 274 M | 207 M | - | - | - | - |
Historical Prices |
31 | 28.2 | 25.7 | 25.6 | 21.1 | 17.3 | 22.8 | 18.7 | 19 | 18.2 | 16.2 | 21.9 | 19.3 | 13.6 | 12 | 16.3 | 13.2 | 15.3 | 15.6 | 12.5 | 13.1 |
Net Income |
5.81 B | 5.9 B | 5.53 B | 5.49 B | 4.63 B | 3.78 B | 4.59 B | 4.17 B | 2.8 B | 2.51 B | 2.52 B | 2.79 B | 2.6 B | 2.42 B | 2.05 B | 321 M | 204 M | 164 M | 109 M | 601 M | - |
Revenue |
52.6 B | 56.2 B | 49.7 B | 58.2 B | 40.8 B | 27.2 B | 32.8 B | 36.5 B | 29.2 B | 23 B | 27 B | 48 B | 47.7 B | 42.6 B | 44.3 B | 33.7 B | 25.5 B | 35.5 B | 26.7 B | 23.6 B | - |
Cost of Revenue |
38.6 B | 42.6 B | 37 B | 45.8 B | 29.9 B | 16.7 B | 22.1 B | 26.8 B | 21.5 B | 15.7 B | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 5.73 B | 5.14 B | 3.68 B | 3.38 B | 3.36 B | 3.73 B | 3.49 B | 5.51 B | 2.99 B | - | - | - | - | - | - |
Operating Income |
7.27 B | 7.34 B | 6.93 B | 6.91 B | 6.1 B | 5.04 B | 6.08 B | 5.41 B | 3.93 B | 3.58 B | 3.54 B | 3.78 B | 3.47 B | 3.11 B | 2.86 B | 2.15 B | 1.85 B | 1.77 B | 1.19 B | 1.12 B | - |
Interest Expense |
4 M | 2 M | 1.27 B | 1.24 B | 1.28 B | 1.29 B | 1.24 B | 1.1 B | 985 M | 983 M | 962 M | 921 M | 802 M | 772 M | 744 M | 742 M | 687 M | -608 M | -487 M | -324 M | - |
EBITDA |
9.35 B | 9.31 B | 8.79 B | 8.69 B | 7.81 B | 6.72 B | 7.46 B | 6.72 B | 5.15 B | 4.77 B | 4.68 B | 4.88 B | 4.52 B | 4.2 B | 3.82 B | 3.13 B | 2.69 B | 2.51 B | 1.86 B | 1.68 B | - |
Operating Expenses |
- | - | - | - | - | - | 212 M | 208 M | 181 M | 160 M | 193 M | 214 M | 188 M | 2.42 B | 182 M | 31.4 B | 23.6 B | 33.6 B | 25.4 B | 22.4 B | - |
General and Administrative Expenses |
251 M | 244 M | 231 M | 241 M | 209 M | 220 M | 212 M | 208 M | 181 M | 160 M | 193 M | 214 M | 188 M | 170 M | 182 M | 205 M | 183 M | 145 M | 132 M | 95.9 M | - |
All numbers in USD currency
Quarterly Income Statement Enterprise Products Partners L.P.
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 857 M | - | 822 | 815 | 814 M | - | - | - | - | - |
Net Income |
1.48 B | 1.34 B | 1.44 B | 1.39 B | 1.42 B | 1.4 B | 1.46 B | 1.32 B | 1.25 B | 1.39 B | - | 1.36 B | 1.41 B | 1.3 B | - | 1.15 B | 1.11 B | 1.34 B | - | 1.05 B | 1.03 B | 1.35 B | 1.1 B | 1.02 B | 1.21 B | 1.26 B | 1.28 B | 1.31 B | 674 M | 901 M | 774 M | 611 M | 654 M | 761 M | 659 M | 635 M | 558 M | 661 M | 685 M | 649 M | 551 M | 636 M | 660 M | 691 M | 638 M | 799 M | 699 M | 592 M | 552 M | 754 M | 616 M | 587 M | 566 M | 651 M | 721 M | 471 M | 434 M | 421 M | 372 M | 357 M | 378 M | 213 M | 187 M |
Revenue |
14.4 B | 12 B | 11.4 B | 15.4 B | 13.8 B | 13.5 B | 14.8 B | 12 B | 10.7 B | 12.4 B | - | 15.5 B | 16.1 B | 13 B | - | 10.8 B | 9.45 B | 9.16 B | - | 6.92 B | 5.75 B | 7.48 B | 8.01 B | 7.96 B | 8.28 B | 8.54 B | 9.18 B | 9.59 B | 8.47 B | 9.3 B | 8.43 B | 6.89 B | 6.61 B | 7.32 B | 6.48 B | 5.92 B | 5.62 B | 5.01 B | 6.16 B | 6.31 B | 7.09 B | 7.47 B | 10.2 B | 12.3 B | 12.5 B | 12.9 B | 13.1 B | 12.1 B | 11.1 B | 11.4 B | 11.1 B | 10.5 B | 9.79 B | 11.3 B | 11.6 B | 11.3 B | 11.2 B | 10.2 B | 8.07 B | 7.54 B | 8.54 B | 4.6 B | 3.51 B |
Cost of Revenue |
10.7 B | 8.59 B | 7.9 B | 12 B | 10.4 B | 10.2 B | 11.4 B | 8.79 B | 7.68 B | 9.33 B | - | 12.3 B | 12.9 B | 10.1 B | - | 8.11 B | 6.84 B | 6.26 B | - | 4.31 B | 3.2 B | 4.82 B | - | 5.28 B | 5.61 B | 5.84 B | - | 6.84 B | 6.39 B | 7.14 B | - | 5.05 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
1.9 B | 1.69 B | 1.8 B | 1.76 B | 1.78 B | 1.76 B | 1.82 B | 1.7 B | 1.58 B | 1.73 B | - | 1.71 B | 1.76 B | 1.67 B | - | 1.51 B | 1.49 B | 1.7 B | - | 1.38 B | 1.44 B | 1.51 B | 1.42 B | 1.47 B | 1.56 B | 1.63 B | 1.64 B | 1.64 B | 986 M | 1.14 B | 1.08 B | 879 M | 939 M | 1.03 B | 923 M | 905 M | 837 M | 916 M | 934 M | 909 M | 800 M | 896 M | 921 M | 938 M | 884 M | 1.03 B | 916 M | 820 M | 774 M | 958 M | 823 M | 788 M | 749 M | 749 M | 909 M | 681 M | 644 M | 625 M | 569 M | 548 M | 551 M | 364 M | 328 M |
Interest Expense |
1 M | 2 M | 1 M | 1 M | - | - | 331 M | 328 M | 302 M | 314 M | - | 309 M | 309 M | 319 M | - | 316 M | 316 M | 323 M | - | 320 M | 320 M | 318 M | - | 383 M | 290 M | 277 M | - | 280 M | 275 M | 252 M | - | 244 M | 246 M | 249 M | - | 251 M | 244 M | 241 M | - | 244 M | 240 M | 239 M | - | 230 M | 229 M | 221 M | - | 208 M | 200 M | 196 M | - | 200 M | 187 M | 186 M | - | 189 M | 188 M | 184 M | -180 M | -169 M | -149 M | -128 M | -126 M |
EBITDA |
2.45 B | 2.21 B | 2.31 B | 2.27 B | 2.28 B | 2.26 B | 2.31 B | 2.17 B | 2.03 B | 2.18 B | - | 2.16 B | 2.21 B | 2.1 B | - | 1.94 B | 1.92 B | 2.12 B | - | 1.8 B | 1.86 B | 2.02 B | 1.42 B | 2.93 B | 2.52 B | 2.1 B | 1.64 B | 2.97 B | 1.86 B | 1.56 B | 1.08 B | 2.1 B | 1.75 B | 1.43 B | 923 M | 2.06 B | 1.6 B | 1.3 B | 934 M | 2.06 B | 1.58 B | 1.26 B | 921 M | 1.93 B | 1.54 B | 1.35 B | 916 M | 1.72 B | 1.37 B | 1.25 B | 823 M | 1.61 B | 1.29 B | 1.02 B | 909 M | 1.42 B | 1.13 B | 866 M | 1.27 B | 999 M | 769 M | 841 M | 641 M |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.82 B | 4.15 B | - | 5.45 B | 6.36 B | 6.62 B | - | 11.4 B | 11.6 B | 11.9 B | - | 11.3 B | 10.4 B | 10.4 B | - | 9.66 B | 9.01 B | 10.5 B | - | 10.6 B | 10.5 B | 9.54 B | 7.46 B | -6.97 B | -7.97 B | 4.22 B | -3.13 B |
General and Administrative Expenses |
64 M | 61 M | 68 M | 60 M | 61 M | 57 M | 66 M | 59 M | 56 M | 57 M | - | 55 M | 62 M | 62 M | - | 47 M | 52 M | 56 M | - | 50.3 M | 57 M | 55.5 M | - | 55.5 M | 52.5 M | 52.2 M | - | 52.7 M | 51.4 M | 53 M | - | 41.3 M | 45.7 M | 50.4 M | - | 42 M | 35.1 M | 43.9 M | - | 49 M | 44.9 M | 49.3 M | - | 50 M | 47.7 M | 53.2 M | - | 43.9 M | 45.5 M | 49.5 M | - | 41.4 M | 42.5 M | 46.3 M | - | 50 M | 50.4 M | 37.9 M | 56 M | -37.9 M | -37.6 M | 33.9 M | -27.8 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Enterprise Products Partners L.P. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.