ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual P&L / Income Statement

Revenue by Business Segment (8 categories)

2025-01-01 to 2025-12-31

Swipe to see the full flow
ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual P&L / Income StatementIncome statement for 2025-01-01 through 2025-12-31. View: Business segment (8 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEOPERATINGPRE-TAXNETNGL Pipelines & ServicesCrude Oil Pipelines & ServicesPetrochemical & Refined Products ServicesNatural Gas Pipelines & ServicesRevenuesRevenue before reconciliation (calculated)NGL Pipelines & ServicesCrude Oil Pipelines & ServicesNatural Gas Pipelines & ServicesPetrochemical & Refined Products ServicesOperating incomeOperating costs, net of other operating income (calculated)Total operating costs and expensesEquity in income of unconsolidated affiliatesTotal general and administrative costsIncome before income taxesTotal other expense, netNet incomeProvision for income taxes (see Note 16)Revenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$184.14 BRevenuesRevenues$52.60 BOperating incomeOperating income$7.27 BIncome before income taxesPretax income$5.90 BNet incomeNet income$5.88 BOperating costs, net of other operating income (calculated)Operating costs,net (calculated)$45.33 BNGL Pipelines & ServicesNGL Pipelines & Services$84.38 BProvision for income taxes (see Note 16)Provision for incometaxes (see Note 16)$23.00 MTotal operating costs and expensesTotal operatingcosts and expenses$45.44 BTotal other expense, netTotal otherexpense, net−$1.37 BEquity in income of unconsolidated affiliatesEquity in income ofunconsolidated affiliates−$361.00 MCrude Oil Pipelines & ServicesCrude Oil Pipelines & Services$63.14 BNGL Pipelines & ServicesNGL Pipelines& Services−$67.06 BPetrochemical & Refined Products ServicesPetrochemical & RefinedProducts Services$31.50 BTotal general and administrative costsTotal general andadministrative costs$251.00 MCrude Oil Pipelines & ServicesCrude Oil Pipelines& Services−$42.38 BNatural Gas Pipelines & ServicesNatural Gas Pipelines & Services$5.13 BNatural Gas Pipelines & ServicesNatural GasPipelines & Services−$960.00 MPetrochemical & Refined Products ServicesPetrochemical &Refined ProductsServices−$21.15 B
Chart details

ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Business segment (8 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues
52,596,000,000 US dollars
Operating costs, net of other operating income (calculated)
45,330,000,000 US dollars
Operating income
7,266,000,000 US dollars
Total other expense, net
negative 1,367,000,000 US dollars
Income before income taxes
5,899,000,000 US dollars
Provision for income taxes (see Note 16)
23,000,000 US dollars
Net income
5,876,000,000 US dollars
NGL Pipelines & Services
84,375,000,000 US dollars
Crude Oil Pipelines & Services
63,136,000,000 US dollars
Natural Gas Pipelines & Services
5,127,000,000 US dollars
Petrochemical & Refined Products Services
31,498,000,000 US dollars
Total operating costs and expenses
45,440,000,000 US dollars
Total general and administrative costs
251,000,000 US dollars
Equity in income of unconsolidated affiliates
negative 361,000,000 US dollars
Revenue before reconciliation (calculated)
184,136,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
NGL Pipelines & Services
negative 67,059,000,000 US dollars. Reported reconciliation to consolidated revenue.
Crude Oil Pipelines & Services
negative 42,375,000,000 US dollars. Reported reconciliation to consolidated revenue.
Natural Gas Pipelines & Services
negative 960,000,000 US dollars. Reported reconciliation to consolidated revenue.
Petrochemical & Refined Products Services
negative 21,146,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) FY2025 Annual P&L / Income Statement Sankey chart, Business segment (8 categories) view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Operating margin

13.8%

Operating profit / revenue

Cash conversion

146.1%

Operating cash / net income, same period

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!