EPD (Enterprise Products Partners LP) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)

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EPD Enterprise Products Partners LP EPD
85 GF Score
Price $37.73
GF Value $29.40
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Enterprise Products Partners LP Scaled Net Operating Assets?

Enterprise Products Partners LP EPD -1.51% 85 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates EPD with a GF Score™ of 85/100 and a GF Value™ of $29.40 (Modestly Overvalued). The stock has 12 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Enterprise Products Partners LP's operating assets for the quarter that ended in Mar. 2026 was $80,368 Mil. Enterprise Products Partners LP's operating liabilities for the quarter that ended in Mar. 2026 was $16,254 Mil. Enterprise Products Partners LP's Total Assets for the quarter that ended in Dec. 2025 was $77,902 Mil. Therefore, Enterprise Products Partners LP's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


Enterprise Products Partners LP Scaled Net Operating Assets Historical Data

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The historical data trend for Enterprise Products Partners LP's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Products Partners LP Scaled Net Operating Assets Chart

Enterprise Products Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.83 0.85 0.86 0.84

Enterprise Products Partners LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.82 0.82 0.83 0.82

EPD vs KMI, ET, WMB: Scaled Net Operating Assets Comparison

For the Oil & Gas Midstream subindustry, Enterprise Products Partners LP's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enterprise Products Partners LP Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enterprise Products Partners LP's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Enterprise Products Partners LP's Scaled Net Operating Assets falls into.


EPD
85GF Score
Enterprise Products Partners LP EPD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Enterprise Products Partners LP Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Enterprise Products Partners LP's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(76933-12516)/77168
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=77902 - 969
=76933

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47288 - 33147 - 1625
=12516

Enterprise Products Partners LP's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(80368-16254)/77902
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=80559 - 191
=80368

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50168 - 31202 - 2712
=16254

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.82 mean?
Enterprise Products Partners LP (EPD) has a Scaled Net Operating Assets of 0.82 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Enterprise Products Partners LP and its competitors.
Is Enterprise Products Partners LP's Scaled Net Operating Assets too high?
Enterprise Products Partners LP's current Scaled Net Operating Assets is 0.82. Overall, Enterprise Products Partners LP has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enterprise Products Partners LP's Scaled Net Operating Assets compare to KMI and ET?
Enterprise Products Partners LP's Scaled Net Operating Assets of 0.82 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Enterprise Products Partners LP and its competitors. Enterprise Products Partners LP's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enterprise Products Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Enterprise Products Partners LP (EPD) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.40, compared to a current price of $37.73 — trading 28.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.82. Enterprise Products Partners LP's overall GF Score™ is 85/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Enterprise Products Partners LP (EPD), the current Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Enterprise Products Partners LP (EPD) Overvalued in 2026?

Based on GuruFocus' analysis, Enterprise Products Partners LP stock appears to be overvalued. The current stock price of $37.73 is trading 28.3% above its estimated GF Value™ of $29.40. GuruFocus considers Enterprise Products Partners LP to be Modestly Overvalued.

Key valuation signals for EPD:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: $29.40 vs. price of $37.73 (28.3% above fair value)
  • GF Score™: 85/100 with 12 warning signs

No single metric tells the full story. See the EPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enterprise Products Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges 0S23:UK
Address 1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the continental US. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
85GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.73
Price
$29.40
GF Value