Enterprise Products Partners (EPD) Operating Margin (2009 - 2026)
Enterprise Products Partners (EPD) posted quarterly Operating Margin of 13.17% for Q1 2026, up 175.0% year-over-year from 4.79% in Q1 2025, and down 10.23% quarter-over-quarter from 14.67% in Q4 2025.
Enterprise Products Partners (EPD) Operating Margin (2009 - 2026) Analysis & Trends
Enterprise Products Partners (EPD) has reported Operating Margin for 18 consecutive years, with 13.17% the latest figure, recorded in 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 slipped to 13.17% in Q1 2026 per EPD's latest filing, from 14.67% in the prior quarter.
- Across five years, Operating Margin topped out at 15.8% in Q2 2025 and bottomed at 10.98% in Q2 2022.
- Historically, Operating Margin has averaged 13.24% across 5 years, with a median of 13.14% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 1656679 bps — and 2023, when it soared 384 bps.
- Enterprise Products Partners' Operating Margin stood at 12.93% in 2022, then climbed by 2 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.
- Business Quant data shows EPD's Operating Margin at 13.17% in Q1 2026, 14.67% in Q4 2025, and 14.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.31% |
| 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 | 14.13% |
| Jun 30, 2023 | 14.82% |
| Mar 31, 2023 | 13.93% |
| Dec 31, 2022 | 12.93% |
| Sep 30, 2022 | 11.07% |
| Jun 30, 2022 | 10.98% |
| Mar 31, 2022 | 12.81% |
| Dec 31, 2021 | 12.34% |
| Sep 30, 2021 | 13.97% |