Enterprise Products Partners L.P. is a publicly traded midstream partnership listed on the New York Stock Exchange under the symbol EPD and headquartered at 1100 Louisiana Street in Houston, Texas. Its origins lie in Enterprise Products Company, which Dan Duncan and two partners set up in 1968 to market natural gas liquids wholesale. The partnership now runs an integrated network providing midstream services for natural gas, natural gas liquids, crude oil, refined products and petrochemicals, linking producers in some of the largest North American supply basins with domestic consumers and international markets.
Business segments and services
The partnership reports its activities through four service groups: natural gas liquids pipelines and services, crude oil pipelines and services, natural gas pipelines and services, and petrochemical and refined products services. The NGL segment bundles natural gas processing and related marketing with NGL pipelines, fractionation plants, storage and marine terminals, handling purity products such as ethane, propane, normal butane, isobutane and natural gasoline that feed industrial fuel markets, petrochemical plants and refineries. The crude oil segment gathers and transports crude to refineries, centralised storage terminals and connecting pipelines, mainly in Oklahoma, New Mexico and Texas, and also runs related marketing activity.
NGL processing, fractionation and storage
The processing business centres on 29 plants spread across Colorado, Louisiana, Mississippi, New Mexico, Texas and Wyoming, where NGLs are extracted from the gas stream before being moved to fractionation. The partnership's NGL fractionators are concentrated in Chambers County, Texas, and are connected to its supply and distribution pipeline network, to roughly 130 million barrels of underground salt dome storage and to marine terminals on the Houston Ship Channel. The storage system is made up of 38 underground salt dome caverns holding mixed and purity NGLs, petrochemicals and related products, with net usable capacity of approximately 177 million barrels. The partnership directs readers to its annual report on Form 10-K for the most recent detailed asset counts.
Crude oil terminals and market hubs
The crude oil business owns and operates terminals at Houston, Midland and Beaumont in Texas and at Cushing, Oklahoma, used to store crude oil and to move it between pipelines and refineries. Together with the NGL marine terminals and the fractionation complex on the Texas Gulf Coast, these sites place the partnership at the intersection of Permian and Midcontinent production, Gulf Coast refining and export demand. Enterprise also provides trucking and marine services and publishes tariff information for customers across each of its product lines, alongside separate customer portals for crude oil, natural gas, NGLs, petrochemicals and refined products.
Governance and organisation
The partnership is managed by its general partner, Enterprise Products Holdings LLC, whose board is made up of executive and independent members and oversees the partnership's management. The company publishes a corporate governance programme covering board committees and stewardship responsibilities, and states that it operates the business for the long term on behalf of investors, employees, communities and other stakeholders. Leadership and board information, together with the partnership's history, are published in the About Us section of its website.
Recent activity and reporting
Enterprise reported second-quarter 2026 earnings on 30 July 2026, covering the three and six months ended 30 June 2026. The partnership declared a quarterly distribution on 7 July 2026 and announced on 10 August 2026 that it would meet investors at the Citi Natural Resources Conference in Las Vegas on 11 August 2026 and at a further energy conference later in the month. Its investor relations site maintains distribution and DRIP information, K-1 tax guidance, SEC filings and earnings webcasts, and directs unitholders to Equiniti and Computershare for registrar services. Operational contact channels published by the company include a main telephone line on 713-381-6500, a unitholder line on 866-230-0745 and an emergency pipeline number on 888-883-6308, alongside a web form for general messages.