Ethanolamine phosphate phospholyase (ETNPPL) is an enzyme that irreversibly degrades phospho‐ethanolamine (p‐ETN), an intermediate in the Kennedy pathway of phosphatidylethanolamine (PE) biosynthesis. PE is the second most abundant phospholipid in mammalian membranes. Disturbance of hepatic phospholipid homeostasis has been linked to the development of metabolic dysfunction‐associated steatotic liver disease (MASLD). We generated whole‐body Etnppl knockout mice to investigate the impact of genetic deletion of Etnppl on hepatic lipid metabolism. Primary hepatocytes isolated from Etnppl−/− mice showed increased conversion of [3H]ethanolamine to [3H]p‐ETN and [3H]PE compared to Etnppl+/+ mice. Male and female Etnppl+/+ and Etnppl−/− mice were fed either a chow or a western‐type diet (WTD). Irrespective of diet, Etnppl−/− mice had elevated fasting levels of total plasma cholesterol, triglyceride (TG) and apolipoprotein B100 (VLDL particles). Interestingly, hepatic TG secretion was unchanged between groups. Although hepatic lipids (phosphatidylcholine (PC), PE, TG, and cholesterol) were not different between mice, RNA sequencing analysis showed downregulation in genes related to cholesterol biosynthesis in Etnppl−/− mice. Furthermore, hepatic low‐density lipoprotein receptor‐related protein1 (LRP1) protein level was lower in female Etnppl−/− mice, which may indicate reduced uptake of remnant VLDL particles from circulation. Hepatic PE levels were only increased in WTD‐fed female Etnppl−/− mice, not chow diet‐fed mice. However, hepatic lipid accumulation and metabolic dysfunction‐associated steatohepatitis (MASH) development were unchanged between Etnppl+/+ and Etnppl−/− mice. To conclude, ETNPPL has a role in regulating plasma lipoprotein metabolism independent of hepatic TG levels.