← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
ENTERPRISE PRODUCTS PARTNERS L.P.: Revenue declined 6.4% to $52.6B from $56.22B. Net income declined 1.5% to $5.81B from $5.897B. Free cash flow declined 17% to $2.965B from $3.571B. Operating margin expanded 76 bps to 13.81%. ENTERPRISE PRODUCTS PARTNERS L.P.'s annual comparison also shows margins improved while free cash flow declined; stock compensation grew faster than revenue; capital spending grew faster than revenue.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 6.4% to $52.6B from $56.22BWatch
- Profitability — Net income declined 1.5% to $5.81B from $5.897BWatch
- Cash flow — Free cash flow declined 17% to $2.965B from $3.571BWatch
- Margins — Operating margin expanded 76 bps to 13.81%OK
- Accounting — No overriding statistical warningNote
- Insiders — 2 purchases and 0 salesOK
Business
However, the ability of an NGL fractionator to receive a customer’s mixed NGLs and store and distribute the resulting purity NGL products is also an important competitive factor and is a function of having the necessary pipeline and storage infrastructure.
Where the revenue comes from
Fiscal 2025, as ENTERPRISE PRODUCTS PARTNERS L.P. reports it. History and quarterly detail are in the app.
- NGL Pipelines & Services$84.4B
- Crude Oil Pipelines & Services$63.1B
- Petrochemical & Refined Products Services$31.5B
- Natural Gas Pipelines & Services$5.1B
Leadership changes
From ENTERPRISE PRODUCTS PARTNERS L.P.'s own filings, the day they're filed.
- W. Randall · Chief Executive Officer · departureeff. 2027-01-04
- Brent B. Secrest · Chief Commercial Officer · departureeff. 2025-04-21
- Brent B. Secrest · Chief Commercial Officer · departureeff. 2025-04-21
Latest filings
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-07-30
- 8-K · Company announcement2026-07-01
- 10-Q · Quarterly report2026-05-07
- 8-K · Company announcement2026-04-28
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about ENTERPRISE PRODUCTS PARTNERS L.P., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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