EPD
Market read
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Invalidation: The isolated read changes if EPD's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The cost of sales associated with the marketing of NGLs and natural gas decreased a combined net $850 million period-to-period primarily due to lower average purchase prices, which accounted for a $1.2 billion decrease, partially offset by higher volumes, whi…”10-Q · Aug 7, 2026 ↗
“Gross operating margin from our Delaware Basin Gathering System, increased a net $8 million period-to-period primarily due to a 372 BBtus/d increase in natural gas gathering volumes, which accounted for a $12 million increase, and higher treating and other re…”10-Q · Aug 7, 2026 ↗
“The following table presents a reconciliation of operating income to total gross operating margin for the periods indicated (dollars in millions): For the Three Months Ended March 31, 2026 2025 Operating income $ 1,895 $ 1,761 Adjustments to reconcile operati…”10-Q · May 7, 2026 ↗
“Commodity derivatives Revenue 235 249 106 Commodity derivatives Operating costs and expenses ( 43 ) ( 71 ) 4 Total $ 199 $ 184 $ 115 Over the next twelve months, we expect to reclassify $ 7 million of gains attributable to interest rate derivative instruments…”10-K · Feb 27, 2026 ↗
Valuation discipline
Price/sales 1.6× · EV/sales 2.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for EPD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-07 against the comparable filing from 2025-08-08.
Capital and cash conversion
Capital-spending intensity declined while free-cash-flow margin improved.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“The cost of sales associated with the marketing of crude oil, NGLs and petrochemicals and refined products increased a combined $6.3 billion quarter-to-quarter primarily due to higher average purchase prices, which accounted for a $3.3 billion increase, and higher volumes, which accounted for an additional $3.0 billion increase.”
“The cost of sales associated with the marketing of crude oil and petrochemicals and refined products increased a combined $5.8 billion period-to-period primarily due to higher volumes, which accounted for a $3.0 billion increase, and higher average purchase prices, which accounted for an additional $2.8 billion increase.”
“The cost of sales associated with the marketing of NGLs and natural gas decreased a combined net $850 million period-to-period primarily due to lower average purchase prices, which accounted for a $1.2 billion decrease, partially offset by higher volumes, which accounted for a $338 million increase.”
Point-in-time filing assessment published from the live pipeline.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Enterprise Begins Service at Mentone West 1 and Orion In July 2025, we placed our first natural gas processing train at our Mentone West location in the Delaware Basin (“Mentone West 1”) and our eighth Midland Basin natural gas processing train (“Orion”) into…”
“Enterprise Acquires Oxy Affiliate, Enters into Service Agreements, and Expands Midland Basin Processing Capacity In July 2025, an affiliate of Enterprise agreed to acquire an affiliate of Occidental Petroleum Corporation (“Oxy”), which owns approximately 200…”
“NOTES TO CONSOLIDATED FINANCIAL STATEMENTS On February 16, 2024, we acquired the remaining 20 % equity interest in Whitethorn and remaining 25 % equity interest in Enterprise EF78 LLC (“EF78”) from affiliates of Western Midstream for total cash consideration…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
EPD is currently a Follower in the organic co-movement group Oil & Gas Midstream. 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.
Context history
No durable theme membership has been observed for this name yet.