Inventories

3 Months Ended

Mar. 31, 2026

Note 3. Inventories

Our inventory amounts by product type were as follows at the dates indicated:




	March 31, 2026		December 31, 2025
NGLs	$	3,592	$	2,923
Petrochemicals and refined products	711		665
Crude oil	929		288
Natural gas	2		8
Total	$	5,234	$	3,884

Due to fluctuating commodity prices, we recognize lower of cost or net realizable value adjustments when the carrying value of our available-for-sale inventories exceeds their net realizable value. The following table presents our total cost of sales amounts and lower of cost or net realizable value adjustments for the periods indicated:


	For the Three Months Ended March 31,
	2026		2025
Cost of sales (1)	$	10,678	$	12,005
Lower of cost or net realizable value adjustments recognized in cost of sales	1		2

(1)Cost of sales is a component of “Operating costs and expenses” as presented on our Unaudited Condensed Statements of Consolidated Operations. Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.

ENTERPRISE PRODUCTS PARTNERS L.P. 10-Q