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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
The Retirement of Your Dreams Awaits You… (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
The AI Singularity Clock Is Ticking (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
The AI Singularity Clock Is Ticking (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
The Retirement of Your Dreams Awaits You… (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
The AI Singularity Clock Is Ticking (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
The AI Singularity Clock Is Ticking (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
The Retirement of Your Dreams Awaits You… (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
The AI Singularity Clock Is Ticking (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
The AI Singularity Clock Is Ticking (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024

Enterprise Products Partners (EPD) Stock Price, News & Analysis

$27.70
+0.12 (+0.44%)
(As of 02/23/2024 ET)
Today's Range
$27.52
$27.81
50-Day Range
$26.04
$27.70
52-Week Range
$24.66
$27.95
Volume
3.04 million shs
Average Volume
5.45 million shs
Market Capitalization
$60.15 billion
P/E Ratio
10.99
Dividend Yield
7.44%
Price Target
$32.31

Enterprise Products Partners MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
16.7% Upside
$32.31 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Enterprise Products Partners in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.94%
From $2.63 to $2.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.83 out of 5 stars

Oils/Energy Sector

75th out of 238 stocks

Natural Gas Transmission Industry

3rd out of 19 stocks

EPD stock logo

About Enterprise Products Partners Stock (NYSE:EPD)

Enterprise Products Partners L.P. is a diverse and fully integrated mid-stream energy company operating in North America. It was founded in 1968 by Dan Duncan and two partners as a wholesaler of natural gas liquids. By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions. Over the next few years and decades, the company steadily added new operations that either expanded then-current operations or added new revenue streams for the business.

Since then, Enterprise Products Partners L.P. has grown to be 1 of the US largest midstream companies with operations that center on Houston, Texas but reach as far as the Rockies, the Upper Midwest, the Great Lakes region and New England. Enterprise is an important part of the company's name, it operates based on the enterprise model and strives to ensure each new hire is in tune with company culture.

The company operates as a Master Limited Partnership or MLP that provides a full range of midstream energy services to energy companies and consumers. Operations include natural gas and natural gas liquids storage, processing and transport, and storage and transport of crude, petrochemicals and refined products. Owners of the stock or units are known as limited partners and entitled to a share of profits which are paid as dividends. The company reported nearly $57 billion in revenue for 2022 and was expected to grow revenue at a 5% CAGR.

Enterprise Products Partners was ranked 89th on the 2022 Fortune 500 and is well known as a dividend grower. The company began paying a dividend in 1998 and has increased it yearly. Enterprise Products Partners  Investors can benefit from the dividend reinvestment plan by registering as an owner of record.

Enterprise Products Partners L.P. operates in 4 primary segments that are NGL Pipeline & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services and Petrochemical and Refined Products/Services.

The company owns and operates more than 51,000 miles of pipeline, including natural gas, NGL, crude and propylene pipes. The company has 19,400 miles of NGL pipelines, 19,600 miles of Onshore natural gas pipelines, 4,600 miles of crude oil pipelines, 2,300 miles of offshore pipelines and just under 1,000 miles of propylene pipelines.

The company’s other operations include NGL and natural gas storage in Louisiana salt domes. Salt domes are naturally occurring features that are capable of storing vast quantities of gas and natural gas liquids. As of 2022, the company could store 177 million barrels of NGL and 760 million cubic meters of natural gas.

The company also operates a deep water terminal for exporting and importing natural gas liquids, including 20 docks. The refining and processing segment operates 19 dual-purpose facilities, 9 NGL processing facilities, 2 propylene processors, 3 isomerization plants and 26 natural gas fractionalization facilities. Facilities are located in Colorado, Louisiana, Mississippi, New Mexico and Wyoming and Texas. Operations are also served by a fleet of 255 tanker trucks.

 

EPD Stock Price History

EPD Stock News Headlines

Enterprise Products Partners (NYSE:EPD) PT Raised to $33.00
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Unveiling 4 Analyst Insights On Enterprise Prods Partners
Enterprise to Participate in Investor Conferences
Enterprise to Participate in Investor Conferences
Midstream Operators See Strong NGL Performance in Q4
Enterprise Provides Update on 2023 K-1 Availability
Enterprise Provides Update on 2023 K-1 Availability
2 Incredibly Cheap Energy Stocks to Buy Now
Enterprise Products Partners LP (EPD)
See More Headlines
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Company Calendar

Ex-Dividend for 2/14 Dividend
1/30/2024
Last Earnings
2/01/2024
Dividend Payable
2/14/2024
Today
2/24/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
2,020
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$32.31
High Stock Price Target
$36.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Net Income
$5.53 billion
Pretax Margin
11.45%

Debt

Sales & Book Value

Annual Sales
$49.72 billion
Cash Flow
$3.64 per share
Book Value
$12.73 per share

Miscellaneous

Outstanding Shares
2,171,880,000
Free Float
1,463,846,000
Market Cap
$60.15 billion
Optionable
Optionable
Beta
1.02

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Key Executives

Should I Buy Enterprise Products Partners Stock? EPD Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Enterprise Products Partners was last updated on Thursday, February 22, 2024 at 8:18 PM.

Pros

Here are some ways that investors could benefit from investing in Enterprise Products Partners L.P.:

  • Enterprise Products Partners L.P. operates in the midstream energy sector, providing essential services to producers and consumers of natural gas, NGLs, crude oil, petrochemicals, and refined products.
  • The company has a diversified business model with four segments, including NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services, which helps in mitigating risks associated with fluctuations in specific energy markets.
  • Enterprise Products Partners L.P. has a strong track record of consistent dividend payments, making it an attractive option for income-seeking investors.
  • Recent developments in the energy market have shown an increasing demand for midstream services, which could positively impact the company's revenue and profitability.
  • Considering the current stock price of Enterprise Products Partners L.P., investors may find the valuation attractive compared to industry peers, presenting a potential opportunity for capital appreciation.

Cons

Investors should be bearish about investing in Enterprise Products Partners L.P. for these reasons:

  • The midstream energy sector is subject to regulatory changes and environmental concerns, which could impact the company's operations and profitability.
  • Fluctuations in commodity prices, especially in natural gas and crude oil markets, can affect the company's financial performance and cash flows.
  • As a master limited partnership (MLP), Enterprise Products Partners L.P. has a complex tax structure that may not be suitable for all types of investors, particularly those seeking simplicity in their investment portfolios.
  • The company's growth prospects may be influenced by macroeconomic factors such as interest rates, global energy demand, and geopolitical events, introducing uncertainties for investors.
  • Investors should carefully assess the company's debt levels and leverage ratios, as high debt burdens could pose risks during challenging economic conditions or industry downturns.














EPD Stock Analysis - Frequently Asked Questions

Should I buy or sell Enterprise Products Partners stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enterprise Products Partners in the last twelve months. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EPD shares.
View EPD analyst ratings
or view top-rated stocks.

What is Enterprise Products Partners' stock price target for 2024?

13 equities research analysts have issued 12 month price objectives for Enterprise Products Partners' stock. Their EPD share price targets range from $28.00 to $36.00. On average, they expect the company's share price to reach $32.31 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for EPD
or view top-rated stocks among Wall Street analysts.

How have EPD shares performed in 2024?

Enterprise Products Partners' stock was trading at $26.35 on January 1st, 2024. Since then, EPD stock has increased by 5.1% and is now trading at $27.6950.
View the best growth stocks for 2024 here
.

When is Enterprise Products Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our EPD earnings forecast
.

How were Enterprise Products Partners' earnings last quarter?

Enterprise Products Partners L.P. (NYSE:EPD) announced its earnings results on Thursday, February, 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The oil and gas producer had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a trailing twelve-month return on equity of 19.77% and a net margin of 11.12%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS.

How often does Enterprise Products Partners pay dividends? What is the dividend yield for Enterprise Products Partners?

Enterprise Products Partners declared a quarterly dividend on Monday, January 8th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.515 per share on Wednesday, February 14th. This represents a $2.06 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a boost from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for EPD
.

Is Enterprise Products Partners a good dividend stock?

Enterprise Products Partners (NYSE:EPD) pays an annual dividend of $2.06 per share and currently has a dividend yield of 7.46%. EPD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 81.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EPD will have a dividend payout ratio of 74.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPD.

When did Enterprise Products Partners' stock split?

Shares of Enterprise Products Partners split on the morning of Friday, August 22nd 2014. The 2-1 split was announced on Tuesday, July 15th 2014. The newly created shares were distributed to shareholders after the market closes on Thursday, August 21st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Jim Teague's approval rating as Enterprise Products Partners' CEO?

83 employees have rated Enterprise Products Partners Chief Executive Officer Jim Teague on Glassdoor.com. Jim Teague has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Enterprise Products Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enterprise Products Partners investors own include AT&T (T), Energy Transfer (ET), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Pfizer (PFE), Bank of America (BAC), Exxon Mobil (XOM) and Altria Group (MO).

Who are Enterprise Products Partners' major shareholders?

Enterprise Products Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Marquard & Bahls AG (1.02%), Blackstone Inc. (1.02%), Fayez Sarofim & Co (0.81%), Clearbridge Investments LLC (0.58%), Kayne Anderson Capital Advisors LP (0.50%) and CIBC Private Wealth Group LLC (0.48%). Insiders that own company stock include Aj Teague, Carin Marcy Barth, John R Rutherford and William C Montgomery.
View institutional ownership trends
.

How do I buy shares of Enterprise Products Partners?

Shares of EPD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Enterprise Products Partners have any subsidiaries?
The following companies are subsidiares of Enterprise Products Partners: 38 Niente LLC, Acadian Gas, Acadian Gas LLC, Acadian Gas Pipeline System, Adamana Land Company LLC, Arizona Gas Storage L.L.C., BTA ETG Gathering LLC, BTA Gas Processing LLC, Baton Rouge Fractionators LLC, Baton Rouge Pipeline LLC, Baton Rouge Propylene Concentrator LLC, Baymark Pipeline LLC, Belle Rose NGL Pipeline L.L.C., Belvieu Environmental Fuels GP LLC, Belvieu Environmental Fuels LLC, Breviloba LLC, CTCO of Texas LLC, Cajun Pipeline Company LLC, Calcasieu Gas Gathering System, Canadian Enterprise Gas Products Ltd., Centennial Pipeline LLC., Chama Gas Services LLC, Channelview Fleeting Services L.L.C., Chaparral Pipeline Company LLC, Chunchula Pipeline Company LLC, Cypress Gas Marketing LLC, DEP Holdings LLC, DEP Offshore Port System LLC, Dean Pipeline Company LLC, Delaware Basin Gas Processing LLC, Dixie Pipeline Company LLC, Dixie Pipeline Company LLC., Duncan Energy Partners L.P, Duncan Energy Partners L.P., EF Terminals Corpus Christi LLC, EFS Midstream LLC, EFS Midstream LLC., Eagle Ford Pipeline LLC, Eagle Ford Terminals Corpus Christi LLC, Electra Shipyard Services LLC, Electric E Power Marketing LLC, Energy Ventures LLC, Enterprise Acquisition Holdings LLC, Enterprise Appelt LLC, Enterprise Arizona Gas LLC, Enterprise Blue Ivy LLC, Enterprise Crude GP LLC, Enterprise Crude Oil LLC, Enterprise Crude Pipeline LLC, Enterprise Crude Terminals and Storage LLC, Enterprise Custom Marketing LLC, Enterprise EF78 LLC, Enterprise Ethylene Storage LLC, Enterprise Field Services (Offshore) LLC, Enterprise Field Services LLC, Enterprise Fractionation LLC, Enterprise GC LLC, Enterprise GP LLC, Enterprise GTM Holdings L.P., Enterprise GTMGP LLC, Enterprise Gas Liquids LLC, Enterprise Gas Processing LLC, Enterprise Gathering II LLC, Enterprise Gathering LLC, Enterprise Houston Ship Channel GP LLC, Enterprise Houston Ship Channel L.P., Enterprise Hydrocarbons L.P., Enterprise Interstate Crude LLC, Enterprise Intrastate LLC, Enterprise Jonah Gas Gathering Company LLC, Enterprise Logistic Services LLC, Enterprise Lou-Tex NGL Pipeline L.P., Enterprise Lou-Tex Propylene Pipeline LLC, Enterprise Louisiana Pipeline LLC, Enterprise Marine Services LLC, Enterprise Midstream Companies LLC, Enterprise Mont Belvieu Program Company, Enterprise NGL Pipelines II LLC, Enterprise NGL Pipelines LLC, Enterprise NGL Private Lines & Storage LLC, Enterprise Natural Gas Pipeline LLC, Enterprise Navigator Ethylene Terminal LLC, Enterprise Navitas Holdings LLC, Enterprise New Mexico Ventures LLC, Enterprise Offshore Port System LLC, Enterprise Pathfinder LLC, Enterprise Pelican Pipeline L.P., Enterprise Petrochemical Marketing LLC, Enterprise Plevna Marketing LLC, Enterprise Products BBCT LLC, Enterprise Products Marketing Company LLC, Enterprise Products OLPGP Inc., Enterprise Products Operating LLC, Enterprise Products Pipeline Company LLC, Enterprise Products Texas Operating LLC, Enterprise Propane Terminals and Storage LLC, Enterprise Refined Products Company LLC, Enterprise Refined Products Marketing Company LLC, Enterprise Sage Marketing LLC, Enterprise Seaway L.P., Enterprise TE Investments LLC, Enterprise TE Partners L.P., Enterprise TE Products Pipeline Company LLC, Enterprise Terminaling Services GP LLC, Enterprise Terminaling Services L.P., Enterprise Terminalling LLC, Enterprise Terminals & Storage LLC, Enterprise Texas Pipeline LLC, Enterprise White River Hub LLC, Evangeline Gas Corp., Evangeline Gulf Coast Gas LLC, Front Range Pipeline LLC, Groves RGP Pipeline LLC, HSC Pipeline Partnership LLC, JMRS Transport Services Inc., K/D/S Promix L.L.C., La Porte Pipeline Company L.P., La Porte Pipeline GP L.L.C., Leveret Pipeline Company LLC, M2E3 LLC, M2E4 LLC, MCN Acadian Gas Pipeline LLC, MCN Pelican Interstate Gas LLC, Mapletree LLC, Mid-America Pipeline Company LLC, Mont Belvieu Caverns LLC, Navitas Midstream Partners LLC, Neches Pipeline System, Norco-Taft Pipeline LLC, OTA Holdings Inc., Oiltanking Partners, Old Ocean Pipeline LLC, Olefins Terminal LLC, Panola Pipeline Company LLC., Pascagoula Gas Processing LLC, Pontchartrain Natural Gas System, Port Neches GP LLC, Port Neches Pipeline LLC, QP-LS LLC, Quanah Pipeline Company LLC, Rio Grande Pipeline Company LLC, Rio Grande Pipeline Company LLC., SPOT Terminal Operating LLC, SPOT Terminal Services LLC, Sabine Propylene Pipeline LLC, Seaway Crude Holdings LLC, Seaway Crude Pipeline Company LLC, Seaway Intrastate LLC, Seaway Marine LLC, Seminole Pipeline Company LLC, Seminole Pipeline Company LLC., Skelly-Belvieu Pipeline Company L.L.C., Sorrento Pipeline Company LLC, South Texas NGL Pipelines LLC, Steor LLC, TCTM L.P., TECO Gas Gathering LLC, TECO Gas Processing LLC, TEPPCO O/S Port System LLC, TEPPCO Partners, TXO-Acadian Gas Pipeline LLC, Tarpon Land Holdings LLC, Tejas-Magnolia Energy LLC, Texas Express Gathering LLC, Texas Express Pipeline LLC, Transport 4 L.L.C., Tri-States NGL Pipeline L.L.C., Venice Energy Services Company L.L.C, White River Hub LLC, Whitethorn Pipeline Company LLC, Wilcox Pipeline Company LLC, and Wilprise Pipeline Company L.L.C..
Read More
This page (NYSE:EPD) was last updated on 2/24/2024 by MarketBeat.com Staff

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