Q3 Earnings Estimate for EPD Issued By US Capital Advisors

Key Points

• US Capital Advisors lowered its Q3 2027 EPS forecast for Enterprise Products Partners to $0.78 from $0.79, versus a full-year consensus estimate of $3.01 per share.
• Analysts maintain a generally positive view, with EPD carrying a “Moderate Buy” consensus rating and an average price target of $40.00; shares recently traded at $38.41.
• EPD reported quarterly EPS of $0.84, beating estimates by $0.09, while revenue surged 60.8% year over year to $18.27 billion. The company also raised its quarterly dividend to $0.56, implying a 5.8% annualized yield.

Enterprise Products Partners L.P. (NYSE:EPD - Free Report) - Equities research analysts at US Capital Advisors cut their Q3 2027 EPS estimates for Enterprise Products Partners in a research report issued to clients and investors on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the oil and gas producer will post earnings of $0.78 per share for the quarter, down from their prior estimate of $0.79. The consensus estimate for Enterprise Products Partners' current full-year earnings is $3.01 per share.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $38.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. UBS Group restated a "buy" rating and issued a $45.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Scotiabank reaffirmed a "sector perform" rating and issued a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Tuesday, May 12th. TD Cowen reiterated a "hold" rating and issued a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a report on Monday, August 3rd. Finally, Truist Financial raised their price target on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Enterprise Products Partners Trading Up 0.8%

Shares of Enterprise Products Partners stock opened at $38.41 on Friday. The firm has a market capitalization of $82.95 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.26 and a beta of 0.49. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm's 50 day moving average is $37.65 and its 200 day moving average is $37.51. Enterprise Products Partners has a 1 year low of $30.01 and a 1 year high of $40.17.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $18.27 billion during the quarter, compared to the consensus estimate of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The company's revenue was up 60.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Friday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.55. Enterprise Products Partners's dividend payout ratio (DPR) is currently 77.78%.

Hedge Funds Weigh In On Enterprise Products Partners

Large investors have recently modified their holdings of the company. Auto Owners Insurance Co increased its holdings in shares of Enterprise Products Partners by 3,106.0% in the fourth quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer's stock worth $102,784,000 after buying an additional 31,060,000 shares during the period. Energy Income Partners LLC purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at about $508,461,000. Bank of America Corp DE purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at about $416,553,000. BlackRock Inc. bought a new position in Enterprise Products Partners during the 2nd quarter worth approximately $255,325,000. Finally, Berkley W R Corp bought a new position in Enterprise Products Partners during the 2nd quarter worth approximately $250,887,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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