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

Enterprise Products Partners' (EPD) quarterly Operating Expenses came in at $12.5 billion in Q1 2026, down 9.07% year-on-year from $13.8 billion in Q1 2025, and up 7.76% on a QoQ basis from $11.6 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.

  • On a quarterly basis, Operating Expenses fell 9.07% year-over-year to $12.5 billion in Q1 2026; TTM through Mar 2026 was $44.2 billion, a 11.51% decrease from a year earlier, with the FY2025 full-year figure at $45.4 billion, down 7.35% from the prior year.
  • Operating Expenses for Q1 2026 stood at $12.5 billion, up from $11.6 billion in the prior quarter.
  • Over the last five years, Operating Expenses for EPD reached as high as $14.3 billion in Q2 2022 and fell as low as $9.1 billion in Q2 2023.
  • Historically, Operating Expenses has averaged $11.9 billion across 5 years, with a median of $11.8 billion in 2024.
  • Across the five-year window, Operating Expenses jumped 76.64% in 2022 and plunged 36.29% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $11.8 billion in 2022, then rose by 6.9% to $12.6 billion in 2023, then slipped by 2.46% to $12.3 billion in 2024, then dropped by 5.48% to $11.6 billion in 2025, then climbed by 7.76% to $12.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $12.5 billion in Q1 2026, $11.6 billion in Q4 2025, and $10.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 1.82 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.50 Bn
Dec 31, 2025 11.60 Bn
Sep 30, 2025 10.43 Bn
Jun 30, 2025 9.66 Bn
Mar 31, 2025 13.75 Bn
Dec 31, 2024 12.28 Bn
Sep 30, 2024 12.09 Bn
Jun 30, 2024 11.82 Bn
Mar 31, 2024 12.97 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 11.77 Bn
Sep 30, 2022 13.87 Bn
Jun 30, 2022 14.34 Bn
Mar 31, 2022 11.46 Bn
Dec 31, 2021 9.89 Bn
Sep 30, 2021 9.41 Bn
Jun 30, 2021 8.12 Bn