This statistic highlights Enterprise Product Partners’ Revenue by Segment, split across Crude Oil pipeline and services, NGL Pipelines, Natural gas pipeline and services, Petrochemical & Refined products services, reported on a quarterly basis from Q1 2016 onwards.
The business segments are organized and managed based on the services provided (or technologies used) and the products produced and/or sold.
Enterprise Product Partners’ Revenue by Segment
|Crude Oil pipeline and services
|Natural gas pipeline and services
|Petrochemical & Refined products services
(All figures are in billions, except percentages)
Enterprise Product Partners’ total revenue increased from $6.90 billion in Q3 2020 to $10.81 in Q3 2021, marking a 56% growth on a year-on-year basis. It also grew by 14% as compared to $9.43 billion earned in Q2 2021.
Enterprise Product Partners’ revenue is bifurcated into the following segments:
- Crude Oil Pipeline and services: This business segment includes crude oil pipelines, storage and marine terminals, and connected crude oil marketing activities. The results of operations from their crude oil pipelines are primarily dependent upon the volume of crude oil transported (or capacity reserved) and the associated fees they charge for such transportation services. Revenue from Crude Oil pipeline and services increased from $2.50 billion in Q2 2021 to $3.23 billion in Q3 2021 marking a 29.20% growth on a quarter-on-quarter basis. This segment contributed to 30% of the company’s total revenue in the latest quarter.
- NGL Pipelines: In its raw form, natural gas produced at the wellhead (especially in association with crude oil production) contains varying amounts of NGLs such as ethane and propane. Natural gas processing and associated NGL marketing activities, fractionation facilities, NGL pipelines, and relative product storage facilities, NGL marine terminals are all part of the NGL Pipelines & Services business segment. The majority of Enterprise Product partners’ revenue was generated through this segment which accounted for 35% of the company revenue in Q3 2021, amounting to $3.23 billion. NGL Pipelines also showed a year-on-year growth by 45.98% from $2.61 billion in Q3 2020 to $3.81 billion in Q3 2021.
- Natural gas pipeline and services: Their natural gas pipelines gather, treat and transport natural gas from production developments to regional natural gas plants for further processing. This segment also includes the marketing activities of natural gas. It provides facilities to downstream electric generation plants, local gas distribution companies, industrial and municipal customers, storage facilities, or other connecting pipelines. Revenue from the segment of natural gas and pipeline services increased from $0.70 billion in Q2 2021 to $0.97 in Q3 2021 indicating a 38.57% increment on a quarter-on-quarter basis. This segment contributed the least amount, about 9% to the company’s total revenue in Q3 2021.
- Petrochemical and refined products services: It includes the purchase of propane for our PDH facility to process into PGP, which is then sold to customers under long-term sales contracts that feature minimum volume commitments and contractual pricing that helps in minimizing the commodity price risk. Revenue from the Petrochemical and refined segment increased from $2.17 billion in Q3 2020 to $2.80 billion in Q3 2021 marking a 29.03% growth on a year-on-year basis. This segment contributed to 26% of the company’s total revenue in the latest quarter.
About Enterprise Product Partners’ L.P
Enterprise Products Partners L.P. were founded in April 1998, to own and operate EPCO’s natural gas liquids (“NGLs”)-related companies and is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. They are a Delaware limited partnership which is publicly traded. Their common units trade under the ticker symbol “EPD” on the New York Stock Exchange (“NYSE”) and their preferred units are not traded on the open market.
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