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| Date | Value |
|---|---|
| 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 |