Enterprise Products Partners (EPD) Operating Expenses (2009 - 2026)
Enterprise Products Partners (EPD) posted quarterly Operating Expenses of $12.5 billion for Q1 2026, down 9.07% year-over-year from $13.8 billion in Q1 2025, and up 7.76% quarter-over-quarter from $11.6 billion in Q4 2025.
Enterprise Products Partners (EPD) Operating Expenses (2009 - 2026) Analysis & Trends
Enterprise Products Partners (EPD) has reported Operating Expenses for 18 consecutive years, with $12.5 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 9.07% year-over-year to $12.5 billion; the TTM figure through Mar 2026 stood at $44.2 billion (down 11.51% YoY), while the FY2025 annual figure was $45.4 billion, down 7.35% from the prior year.
- Operating Expenses climbed to $12.5 billion in Q1 2026 per EPD's latest filing, from $11.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $14.3 billion in Q2 2022 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 76.64% — and 2023, when it slumped 36.29%.
- Enterprise Products Partners' Operating Expenses stood at $11.8 billion in 2022, then grew by 6.9% to $12.6 billion in 2023, then retreated by 2.46% to $12.3 billion in 2024, then decreased by 5.48% to $11.6 billion in 2025, then gained by 7.76% to $12.5 billion in 2026.
- Business Quant data shows EPD's Operating Expenses at $12.5 billion in Q1 2026, $11.6 billion in Q4 2025, and $10.4 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.13 Bn |
| 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 |