Feed / EPD

Enterprise Products Partners L.

EPD

Energy · 38.05 -0.1% today

Jodie read · what matters now

Operating margin improved 1.8 percentage points.

The story is only the start. Jodie keeps watching the filing evidence, the companies connected to EPD, and whether its market group begins moving.

Latest storyNo Struct brief yetJodie is monitoring new filings.
Disclosed connections6 verified links3 additional receipts in Pro
Organic co-movement groupIndependent Oil Producers · ParticipantDiscovered from trading behaviour, not sector labels · Open group →

Latest filing assessment · baseline

The latest filing shows material pressure

10-Q filed 2026-05-07 against the comparable filing from 2025-05-07.

cautious
OperationscautiousEvidence score -1
liquidityneutralEvidence score 0
valuationdiscount

What improved

  • Operating margin improved 1.8 percentage points.

What weakened

  • Revenue decreased 6.7% versus the comparable filing period.

Filing receipts

Gross operating margin from our refined products marketing activities decreased $35 million quarter-to-quarter primarily due to lower average sales margins, which accounted for a $24 million decrease, and lower non-cash, mark-to-market earnings, which accounted for an additional $11 million decrease.

The cost of sales associated with the marketing of petrochemicals and refined products decreased $645 million quarter-to-quarter primarily due to lower volumes, which accounted for a $527 million decrease, and lower average purchase prices, which accounted for an additional $118 million decrease.

The cost of sales associated with the marketing of crude oil increased a net $ 1.2 billion quarter-to-quarter primarily due to higher volumes which accounted for a $ 1.4 billion increase, partially offset by lower average purchase prices, which accounted for a $163 million decrease.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Who this business touches

The relationships behind EPD

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ORNOrion Group Holdings, Inc.partnerFull receipt with Pro →
OXYOccidental Petroleum CorporatioinvesteeFull receipt with Pro →
WESWestern Midstream Partners, LPinvesteeFull receipt with Pro →

Filing peers

Companies whose filings use similar operating language.

You can see the shape of the network here. Pro opens 3 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →

What is moving around it

Live connections

EPD is currently a Participant in the organic co-movement group Independent Oil Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Theme membership history

No durable theme membership has been observed for this name yet.