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

Enterprise Products Partners' (EPD) quarterly Operating Margin came in at 13.17% in Q1 2026, up 175.0% year-on-year from 4.79% in Q1 2025, and down 10.23% sequentially from 14.67% in Q4 2025.

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

Enterprise Products Partners' Operating Margin history runs 18 years deep, the most recent figure standing at 13.17% for Q1 2026.

  • In Q1 2026, Operating Margin rose 175.0% year-over-year to 13.17%; the TTM figure through Mar 2026 stood at 14.35% (up 156.0% YoY), while the FY2025 annual figure was 13.81%, up 76.0% from the prior year.
  • Operating Margin came in at 13.17% for Q1 2026 at Enterprise Products Partners, down from 14.67% in the prior quarter.
  • Over five years, Operating Margin peaked at 50.52% in Q4 2022 and troughed at 0.04% in Q3 2023.
  • The 5-year median for Operating Margin is 13.14% (2023), against an average of 14.63%.
  • The widest annual swing landed in 2022, when Operating Margin surged 3818 bps; it then plunged 3738 bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 50.52% in 2022, then tumbled by 74 bps to 13.14% in 2023, then rose by 6 bps to 13.88% in 2024, then gained by 6 bps to 14.67% in 2025, then decreased by 10 bps to 13.17% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 13.17% in Q1 2026, 14.67% in Q4 2025, and 14.02% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 14.43%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 29.91%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 13.17%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 10.74%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 20.68%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 39.96%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 14.85%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 10.03%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 25.03%
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 3.25%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.17%
Dec 31, 2025 14.67%
Sep 30, 2025 14.02%
Jun 30, 2025 15.80%
Mar 31, 2025 11.42%
Dec 31, 2024 13.88%
Sep 30, 2024 12.92%
Jun 30, 2024 13.09%
Mar 31, 2024 12.34%
Dec 31, 2023 13.14%
Sep 30, 2023 0.04%
Jun 30, 2023 14.82%
Mar 31, 2023 13.93%
Dec 31, 2022 50.52%
Sep 30, 2022 11.07%
Jun 30, 2022 10.98%
Mar 31, 2022 12.81%
Dec 31, 2021 12.34%
Sep 30, 2021 0.03%
Jun 30, 2021 0.04%