ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual Balance Sheet

Balance Sheet

As of 2025-12-31

Swipe to see the full flow
ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual Balance SheetBalance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.Current liabilities$12.83 BCurrent assets$13.36 BLiabilities(calculated)$47.29 BAssets$77.90 BNon-current liabilities$34.46 BNon-current assets$64.54 BEquity$30.57 BGross equity(calculated)$31.87 BSeries A cumulative convertiblepreferred units (“preferred…$44.00 MHOLDINGSASSET CLASSASSETSCLAIM CLASSCLAIM SUB-CLASSCLAIMSAccounts receivable, net - Nonrelated PartyInventories (see Note 3)Prepaid and other current assetsCash and cash equivalentsDerivative assets (see Note 14)Restricted cashAccounts receivable, net - Related PartyProperty, plant and equipment, net (see Note 4)Goodwill (see Note 6)Intangible assets, net (see Note 6)Investments in unconsolidated affiliates (see Note 5)Other assetsAccrued product payablesCurrent maturities of debt (see Note 7)Accounts payable - Nonrelated PartyOther current liabilitiesAccrued interestDerivative liabilities (see Note 14)Accounts payable - Related PartyLong-term debt (see Note 7)Other long-term liabilitiesDeferred tax liabilities (see Note 16)Common limited partner interests (2,161,760,683 units issued and outstanding at December 31, 2025, 2,165,699,962 units issued and outstanding at December 31, 2024Noncontrolling interests in consolidated subsidiariesAccumulated other comprehensive incomeCurrent assetsNon-current assetsAssetsCurrent liabilitiesNon-current liabilitiesLiabilities (calculated)EquityGross equity (calculated)Treasury units, at costSeries A cumulative convertible preferred units (“preferred units”) (45,412 units outstanding at December 31, 2025 and 50,687 units outstanding at December 31, 2024Accrued product payablesAccrued product payables$8.18 BAccounts receivable, net - Nonrelated PartyAccounts receivable, net - Nonrelated Party$6.49 BCurrent maturities of debt (see Note 7)Current maturities of debt (see Note 7)$1.63 BCurrent liabilitiesCurrent liabilities$12.83 BInventories (see Note 3)Inventories (see Note 3)$3.88 BAccounts payable - Nonrelated PartyAccounts payable - Nonrelated Party$1.02 BCurrent assetsCurrent assets$13.36 BPrepaid and other current assetsPrepaid and other current assets$1.30 BOther current liabilitiesOther current liabilities$873.00 MLiabilities (calculated)Liabilities(calculated)$47.29 BCash and cash equivalentsCash and cash equivalents$969.00 MAccrued interestAccrued interest$566.00 MAssetsAssets$77.90 BDerivative assets (see Note 14)Derivative assets (see Note 14)$434.00 MDerivative liabilities (see Note 14)Derivative liabilities (see Note 14)$347.00 MRestricted cashRestricted cash$276.00 MAccounts payable - Related PartyAccounts payable - Related Party$217.00 MAccounts receivable, net - Related PartyAccounts receivable, net - Related Party$1.00 MNon-current liabilitiesNon-current liabilities$34.46 BLong-term debt (see Note 7)Long-term debt (see Note 7)$32.77 BNon-current assetsNon-current assets$64.54 BEquityEquity$30.57 BProperty, plant and equipment, net (see Note 4)Property, plant and equipment, net (see Note 4)$51.36 BOther long-term liabilitiesOther long-term liabilities$984.00 MDeferred tax liabilities (see Note 16)Deferred tax liabilities (see Note 16)$702.00 MGross equity (calculated)Gross equity(calculated)$31.87 BSeries A cumulative convertible preferred units (“preferred units”) (45,412 units outstanding at December 31, 2025 and 50,687 units outstanding at December 31, 2024Series A cumulative convertiblepreferred units (“preferred…$44.00 MGoodwill (see Note 6)Goodwill (see Note 6)$5.71 BCommon limited partner interests (2,161,760,683 units issued and outstanding at December 31, 2025, 2,165,699,962 units issued and outstanding at December 31, 2024Common limited partner interests (2,161,760,683units issued and outstanding at December 31$30.70 BIntangible assets, net (see Note 6)Intangible assets, net (see Note 6)$4.16 BInvestments in unconsolidated affiliates (see Note 5)Investments in unconsolidated affiliates (see Note 5)$2.19 BNoncontrolling interests in consolidated subsidiariesNoncontrolling interests in consolidated subsidiaries$831.00 MOther assetsOther assets$1.13 BAccumulated other comprehensive incomeAccumulated other comprehensive income$336.00 MTreasury units, at costTreasury units, at cost−$1.30 B
Chart details

ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets
77,902,000,000 US dollars
Current assets
13,360,000,000 US dollars
Non-current assets
64,542,000,000 US dollars
Liabilities (calculated)
47,288,000,000 US dollars
Current liabilities
12,832,000,000 US dollars
Non-current liabilities
34,456,000,000 US dollars
Equity
30,570,000,000 US dollars
Series A cumulative convertible preferred units (“preferred units”) (45,412 units outstanding at December 31, 2025 and 50,687 units outstanding at December 31, 2024
44,000,000 US dollars
Accounts receivable, net - Nonrelated Party
6,494,000,000 US dollars
Inventories (see Note 3)
3,884,000,000 US dollars
Prepaid and other current assets
1,302,000,000 US dollars
Cash and cash equivalents
969,000,000 US dollars
Derivative assets (see Note 14)
434,000,000 US dollars
Restricted cash
276,000,000 US dollars
Accounts receivable, net - Related Party
1,000,000 US dollars
Property, plant and equipment, net (see Note 4)
51,359,000,000 US dollars
Goodwill (see Note 6)
5,712,000,000 US dollars
Intangible assets, net (see Note 6)
4,159,000,000 US dollars
Investments in unconsolidated affiliates (see Note 5)
2,185,000,000 US dollars
Other assets
1,127,000,000 US dollars
Accrued product payables
8,183,000,000 US dollars
Current maturities of debt (see Note 7)
1,625,000,000 US dollars
Accounts payable - Nonrelated Party
1,021,000,000 US dollars
Other current liabilities
873,000,000 US dollars
Accrued interest
566,000,000 US dollars
Derivative liabilities (see Note 14)
347,000,000 US dollars
Accounts payable - Related Party
217,000,000 US dollars
Long-term debt (see Note 7)
32,770,000,000 US dollars
Other long-term liabilities
984,000,000 US dollars
Deferred tax liabilities (see Note 16)
702,000,000 US dollars
Common limited partner interests (2,161,760,683 units issued and outstanding at December 31, 2025, 2,165,699,962 units issued and outstanding at December 31, 2024
30,700,000,000 US dollars
Noncontrolling interests in consolidated subsidiaries
831,000,000 US dollars
Accumulated other comprehensive income
336,000,000 US dollars
Treasury units, at cost
negative 1,297,000,000 US dollars
Gross equity (calculated)
31,867,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

  • Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
  • Treasury shares and other negative equity contributions reduce equity.
ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual Balance Sheet Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!