Enterprise Products Partners L.p. EPD
Revenue Intelligence Report • 70 quarters of SEC filing data • Updated 2026-03-15
Enterprise Products Partners L.p. has a forecasted full-year revenue of $47B, a -9.9% year-over-year change, based on 70 quarters of SEC filing data. Key revenue drivers include SG&A ($32.70 per $1). The ARDL model has 8.8% MAPE.
Investment Thesis
At 8.8% MAPE, the model captures Enterprise Products Partners L.p.'s broad revenue trajectory, though quarterly variability suggests sensitivity to external factors. Each $1 of SG&A spending generates $32.70 in revenue, reflecting strong commercial efficiency.
Next FY Revenue
$47.4B
-9.9% YoY
SG&A Multiplier
$32.70 per $1
Model Accuracy
8.8% MAPE
Holdout validation: The model predicted $12B vs the actual $14B — an error of 12.6%.
Note:
Enterprise Products Partners L.p. does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $12B | $14B | $9.8B – $14B | -15.1% | ✓ In range |
| Q2 2026 | $12B | $8.8B – $15B | -22.4% | ||
| Q3 2026 | $12B | $8.0B – $16B | +4.7% | ||
| Q4 2026 | $12B | $7.3B – $16B | -1.8% | ||
| Q1 2027 | $12B | $6.7B – $17B | -15.0% |
Seasonal Factors
Multiplicative seasonal adjustment:
These factors capture Enterprise Products Partners L.p.'s systematic quarterly revenue patterns relative to the trend model.
A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below.
Factors are computed as the median of (actual / fitted) across all available quarters.
| Fiscal Quarter | Seasonal Factor | vs Trend | Interpretation | Obs. |
|---|---|---|---|---|
| FQ1 (Sep–Nov) | 1.0678 | +6.8% | +6.8% above trend | 17 |
| FQ2 (Dec–Feb) | 1.0158 | +1.6% | In line with trend | 17 |
| FQ3 (Mar–May) | 1.0169 | +1.7% | In line with trend | 16 |
| FQ4 (Jun–Aug) | 0.9608 | -3.9% | -3.9% below trend | 16 |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.
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