Enterprise Products Partners (EPD) Financials

Enterprise Products Partners (NYSE: EPD) Financial Overview – Trailing Four Years

Enterprise Products Partners has demonstrated steady performance and growth across its key financial metrics, albeit with some fluctuations. Below is an analysis of the key trends and data points from its quarterly financial statements over the last four years.

• Revenue Growth: Operating revenue gradually increased from approximately $12.44 billion in Q1 2023 to about $15.42 billion in Q1 2025, reflecting growth in business scale and market presence.
• Gross Profit Stability: Gross profit remained robust, generally fluctuating around $1.5 to $1.9 billion quarterly. This consistency indicates effective cost management relative to revenues.
• Operating Expenses Control: Selling, General & Administrative expenses have remained low and stable (~$57-$66 million), suggesting disciplined overhead and operational efficiency.
• Net Income and EPS Growth: Net income attributable to common shareholders rose from $1.39 billion in Q1 2023 to approximately $1.39 billion in Q1 2025, with EPS rising from $0.63 to $0.64, showing solid bottom-line stability despite some earnings volatility in intermediate quarters.
• Strong Operating Cash Flow: Net cash from continuing operating activities remained strong, around $2.1 to $2.3 billion in recent quarters, reflecting healthy earnings quality and operating efficiency.
• Capital Expenditures: Consistently significant investments in property, plant & equipment (~$0.65 billion to $1.26 billion quarterly) indicate ongoing asset growth but also substantial cash outflows.
• Debt Management: Total long-term debt fluctuated between $26.5 billion and $29.1 billion, with frequent issuance and repayments near similar magnitudes. This shows active debt management and refinancing but also continued leverage.
• Dividend Payments: Dividends paid quarterly ranged between $1.075 billion and $1.18 billion, suggesting a strong commitment to returning capital to shareholders, which may impact cash reserves.
• Decline in Other Income / Expense: Total other income (net) was consistently negative in the range of -$156 million to -$237 million quarterly, negatively impacting pre-tax income and indicating ongoing non-operating expense pressures.
• Fluctuating Net Change in Cash: The net change in cash and equivalents showed variability, including quarters with negative cash flow changes (e.g., -$384 million in Q1 2025 and some previous quarters). This raises some liquidity considerations despite strong operating cash flows.

Summary: Enterprise Products Partners exhibits stable and growing revenues and profits with disciplined operating expense control. The company invests heavily in capital expenditures and actively manages its debt profile. Dividend payments are solid, reflecting shareholder focus, though net cash positions have experienced fluctuations. The recurring negative other income/expense impacts margins and net income somewhat. Overall, the company’s financial health appears stable with opportunities to monitor cash management and leverage trends.