Enterprise Products Partners LP (EPD)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $83.1B, Enterprise Products Partners LP's free cash flow of $3.0B (fiscal 2025) would need to grow about 9% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Enterprise Products Partners LP's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from EPD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Enterprise Products Partners LP's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $40.8B | $58.2B | $49.7B | $56.2B | $52.6B |
| Net income | $4.6B | $5.5B | $5.5B | $5.9B | $5.8B |
| Free cash flow | $6.3B | $6.1B | $4.3B | $3.6B | $3.0B |
| EPS (diluted) | — | — | — | — | — |
| Operating margin | 15.0% | 11.9% | 13.9% | 13.1% | 13.8% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own EPD
From each investor's latest 13F filing (what a 13F shows). 8 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Trimmed | $202M | 0.17% | Q2 2026 |
| Bruce Berkowitz Fairholme Capital Management |
Held | $201M | 13.5% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $72M | 0.12% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Added | $21M | 0.16% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Added | $8M | 0.07% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $4M | 0.05% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $719,467 | 0.0% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Held | $368,813 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Enterprise Products Partners LP's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 20, 2026 | Aj Teague |
2,665 | $37.55 | $100,071 |
| Mar 13, 2026 | August Pfluger |
0 | $37.01 | — |
| Mar 13, 2026 | August Pfluger |
0 | $37.01 | — |
| Dec 29, 2025 | John R Rutherford |
15,000 | $32.09 | $481,350 |
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In the full deep dive
Questions
What growth does Enterprise Products Partners LP's stock price imply?
At a market value of $83.1B, Enterprise Products Partners LP would need its free cash flow to grow about 9% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 12% a year.
Are Enterprise Products Partners LP insiders buying the stock?
4 open-market insider purchases of EPD in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Enterprise Products Partners LP?
8 of the superinvestors Investingly tracks hold EPD in their latest 13F, including Hersh Cohen, Bruce Berkowitz, Jean-Marie Eveillard.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.