Company Analysis

Enterprise Products Partners L.P. (EPD)

NYSE: EPD · Natural Gas Transmission · Houston, TX · filing with the SEC since 1998
Grade5.0
◀ Past 5.6● Present 5.5▶ Future 3.7
1 est.

The grade of Enterprise Products Partners L.P.

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.625% of the headline
● Present5.545% of the headline
▶ Future3.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.6/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 16 sector filers · read for itself

From the record

Enterprise Products Partners L.P.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+9.6% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 40th percentile among 16 sector filers · read for its customers

From the record

Enterprise Products Partners L.P.'s 10 filed years say what it did: revenue went from $23 billion in fiscal 2016 to $53 billion in fiscal 2025, up 9.6% a year; it rose in 5 of 9 years; the deepest fall was 26% from fiscal 2018 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.6%bottom 47% of its family
  • the share of years revenue rosebottom 25% of its family
  • the share of filed years with a profittop 22% of its family
  • the deepest fall from a revenue peak25.5%bottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.4/10

How has it treated the people who own it?

Share count shrank 0.2% a year. 3% of cash flow returned. Insiders: 0 sales, 2 purchases.

weight 33% of this tense · 54th percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Enterprise Products Partners L.P.'s diluted share count shrank about 0.2% a year, and dividends and buybacks returned about 3% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $581 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 19% of its family
  • cash returned against operating cash flowbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
5.2/10

Is it financially healthy right now?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 13 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 13 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Enterprise Products Partners L.P.'s financial health is put at 5.2 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
4.7/10

How strong is its position in its industry?

bottom 47% of 16 in its family; net margin 11%.

weight 33% of this tense · 47th percentile among 16 sector filers · read for its customers

From the record

Enterprise Products Partners L.P.'s standing among 16 graded names in its industry family: revenue of $53 billion in fiscal 2025 ranks in the top 4% by size; a net margin of 11% ranks in the bottom 22%; revenue growth of -3.3% a year over the last 3 filed years ranks in the bottom 22% (its annual reports).

What it rests on

  • revenue against the family$52.60Btop 4% of its family
  • net margin11.0%bottom 22% of its family
  • three-year revenue growth-3.3%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.3/10

What are the people in charge doing?

top 27% of 10 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 73rd percentile among 10 sector filers · read for its shareholders

From the record

Enterprise Products Partners L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Fowler, W Randall (CO-CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2020-02-10, 6.8 years (top 25% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 11.1 years (top 15%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 15 peopletop 42% of its family
  • the median years the people in charge have filed11.1 yearstop 15% of its family
  • the chief executive's years on the record6.8 yearstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.6/10

How much room does it have to grow?

bottom 36% of 16 in its family for room to expand.

weight 22% of this tense · 36th percentile among 16 sector filers · read for itself

From the record

Enterprise Products Partners L.P.'s room to grow, from the newest filed statements (fiscal 2025): cash of $969 million against debt of $33 billion leaves -40.8% of its assets as net cash, top 22% of its family; cash from operations less capital spending is 5.6% of revenue (bottom 23%); a gross margin of 26.7% (bottom 7%) (its annual report).

What it rests on

  • cash less debt against assets-40.8%top 22% of its family
  • cash from operations less capital spending against revenue5.6%bottom 23% of its family
  • gross margin26.7%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.0/10

What could actually drive growth from here?

bottom 40% of 16 in its family for growth drivers.

weight 45% of this tense · 40th percentile among 16 sector filers · read for its customers

From the record

Enterprise Products Partners L.P.'s growth drivers, from the filed years to fiscal 2025: revenue grew -3.3% a year over the last three filed years against 9.6% over all 10, slowing (bottom 28% of its family); the newest year grew -6.4% (bottom 16%); capital spending grew 31.2% a year (top 23%) (its annual reports). Enterprise Products Partners L.P. reported 4 lines of business in fiscal 2025: Onshore Crude Oil Pipelines and Services at $21 billion (40%), Ngl Pipelines and Services at $17 billion (33%), Petrochemical and Refined Products Services at $10 billion (20%), and 1 more; 1 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-12.9 points a yearbottom 28% of its family
  • the newest year's revenue growth-6.4%bottom 16% of its family
  • three-year growth of capital spending31.2%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.4/10

Did its newest year beat what its own record pointed to?

bottom 34% of 15 in its family for expectations against reality.

weight 33% of this tense · 34th percentile among 15 sector filers · read for its shareholders

From the record

Enterprise Products Partners L.P.'s newest year against its own record: revenue of $53 billion in fiscal 2025 came in 4.8% below the $55 billion its prior three years' pace pointed to (bottom 30% of its family); net income of $5.8 billion against a prior three-year average of $5.6 billion (bottom 23%); a net margin of 11% against 10.3% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-4.8%bottom 30% of its family
  • net income against the prior three years' average+3%bottom 23% of its family
  • net margin against its prior average+0.7 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EPD · research, not advice