Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the continental US.
It is a $78.0B utility company. Revenue grew 6.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~9.2 years of free cash flow. It trades at 12.4× earnings — near the lowest of its own history.
- Website
- enterpriseproducts.com
- Location
- Houston, TX
- Employees
- 7 300
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Growth and Health lag behind.
Valuation82
- P/E vs own history3th pct · 25/25
- FCF yield4.4% · 12/25
- P/S1.3x · 25/25
- EV/EBITDA11.0x · 20/25
Growth29
- Revenue CAGR6.6% · 12/25
- Net income CAGR5.8% · 12/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth2.8% · 5/25
Profitability52
- ROICn/a · 0/25
- ROE21.2% · 20/25
- Net margin10.8% · 20/25
- Operating margin13.4% · 12/25
Health29
- Altman Zn/a · 0/25
- Current ratio0.93 · 6/25
- Interest coverage7.0x · 18/25
- Net cash / debtD/A 41% · 5/25
Quality80
- Piotroski F6/9 · 15/25
- Beneish M-2.79 · 25/25
- FCF conversion55% · 15/25
- Margin stabilityσ 3.2% · 25/25
Moat68
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin13.3% · 0/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 9.4% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$5.90B net income
- FY2022FinancialRevenue crossed $50B$58.2B for the year
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$23.0B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2010AcquisitionEnterprise Products acquired Enterprise GP Holdings in 2010
- 2004AcquisitionThey acquired GulfTerra in September 2004
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 7.0× by operating earnings
Watch-outs
- Net debt equals ~9.2 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.8% YoY
- Profitable — makes more than it spends$6.30B TTM
- Profit growing — earnings are higher than last year+2.1% YoY
- Generates cash — cash left after running and investing$3.46B TTM
- Debt under control — could handle its obligations~9.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$78.0B market cap
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 24/100
- Pays a dividend — returns cash to shareholdersyield 6.08%
- Valuation not extreme — price not wildly above earningsP/E 12.4
Peer comparisonEnterprise Products Partners L.P. vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| EPD this company | $78.0B | 12.4 | +6.8% | 10.8% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
Head-to-head: EPD vs NEE · EPD vs CEG · EPD vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/EPD
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of EPD on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $36.13 · market cap $78.0B.