Enterprise Products Partners (EPD) Operating Expenses (2009 - 2026)

Enterprise Products Partners (EPD) reported Operating Expenses of $12.5 billion for Q1 2026, down 8.67% year-over-year from $13.7 billion in Q1 2025, and up 6.03% quarter-over-quarter from $11.8 billion in Q4 2025.

Enterprise Products Partners (EPD) Operating Expenses (2009 - 2026) Analysis & Trends

Enterprise Products Partners (EPD) has 18 years of Operating Expenses data on file, last reported at $12.5 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $12.5 billion, down 8.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $44.3 billion (down 11.16% YoY), and the FY2025 annual result was $45.4 billion, down 7.35% from the prior year.
  • Operating Expenses rose to $12.5 billion in Q1 2026 per EPD's latest filing, from $11.8 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $14.4 billion in Q2 2022 and troughed at $9.1 billion in Q2 2023.
  • A 5-year average of $11.9 billion and a median of $12.0 billion in 2022 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 78.54% in 2022, then slumped 36.56% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $12.0 billion in 2022, then advanced by 4.75% to $12.6 billion in 2023, then fell by 2.46% to $12.3 billion in 2024, then dropped by 3.94% to $11.8 billion in 2025, then rose by 6.03% to $12.5 billion in 2026.
  • Business Quant data shows EPD's Operating Expenses at $12.5 billion in Q1 2026, $11.8 billion in Q4 2025, and $10.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 13.95 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 12.50 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 3.38 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.70 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -93.35 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 1.82 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 333.70 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 7.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 915.00 Mn
10 Cheniere Energy 50.33 Bn 52.53 Bn 5.86 Bn 9.36 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.50 Bn
Dec 31, 2025 11.79 Bn
Sep 30, 2025 10.43 Bn
Jun 30, 2025 9.59 Bn
Mar 31, 2025 13.69 Bn
Dec 31, 2024 12.28 Bn
Sep 30, 2024 12.09 Bn
Jun 30, 2024 11.82 Bn
Mar 31, 2024 13.04 Bn
Dec 31, 2023 12.59 Bn
Sep 30, 2023 10.43 Bn
Jun 30, 2023 9.14 Bn
Mar 31, 2023 10.76 Bn
Dec 31, 2022 12.01 Bn
Sep 30, 2022 13.81 Bn
Jun 30, 2022 14.40 Bn
Mar 31, 2022 11.40 Bn
Dec 31, 2021 10.05 Bn
Sep 30, 2021 9.41 Bn
Jun 30, 2021 8.07 Bn