Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates 21 natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of 310 tractor-trailer tank trucks that are used to transport liquefied petroleum gas. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and related deisobutanizer units; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: enterpriseproducts.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/6/2023 | $28.00 | Neutral | Goldman |
10/3/2023 | Outperform | Pickering Energy Partners | |
3/2/2023 | Sector Outperform | Scotiabank | |
1/9/2023 | $27.00 | Peer Perform → Outperform | Wolfe Research |
12/9/2022 | $31.00 | Buy | Citigroup |
10/18/2022 | $29.00 | Buy → Hold | Tudor, Pickering, Holt & Co. |
5/2/2022 | $27.00 | Buy | Truist |
4/4/2022 | Outperform → In-line | Evercore ISI | |
2/1/2022 | Buy → Neutral | Citigroup | |
1/31/2022 | Buy → Neutral | Citigroup |
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the third quarter of 2024 of $0.525 per unit, or $2.10 per unit on an annualized basis. The quarterly distribution will be paid Thursday, November 14, 2024, to common unitholders of record as of the close of business Thursday, October 31, 2024. This distribution represents a 5.0 percent increase over the distribution declared with respect to the third quarter of 2023. Enterprise repurchased $76 million of its common units in the open market during the third quarter o
SAN FRANCISCO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Enterprise Products Partners L.P. (NYSE:EPD) is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products and petrochemicals. Click Here to View the EPD Investor Presentation Advisor Access spoke with Jim Teague, Enterprise Products Partners' co-CEO, about the company's business environment and outlook, plans for future growth and the company's financial strength. Advisor Access: Would you introduce Enterprise Products Partners to our readers? Jim Teague: EPD is one of the largest publicly
Enterprise Products Partners L.P. (NYSE:EPD) announced today it will participate in meetings with investors at the following conferences: MUFG Energy Conference in New York City, September 5, 2024; and NYSE Virtual Investor Access, September 10, 2024. The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, t
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") and Piñon Midstream, LLC ("Piñon Midstream"), a portfolio company of Black Bay Energy Capital, today announced that Enterprise's affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 million in cash consideration. Piñon Midstream provides natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821749801/en/ Piñon Midstream's assets include approximately 50 miles of natural gas gathering
Enterprise Products Partners L.P. (NYSE:EPD) announced today that it will participate in the Citi One-on-One Midstream & New Energy Infrastructure Conference on Tuesday, August 13 and Wednesday, August 14, 2024, in Las Vegas, Nevada. The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, tran
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") today announced that its operating subsidiary, Enterprise Products Operating LLC ("EPO"), has priced a public offering of $2.5 billion aggregate principal amount of notes comprised of (i) $1.1 billion principal amount of senior notes due February 15, 2035 ("Senior Notes JJJ"), and (ii) $1.4 billion principal amount of senior notes due February 16, 2055 ("Senior Notes KKK"). Enterprise expects to use the net proceeds of this offering for (i) general company purposes, including for growth capital investments, and (ii) the repayment of debt (including the repayment of all or a portion of its $1.15 billion principal amount of 3.75% S
Enterprise Products Partners L.P. (NYSE:EPD) today announced that it is moving forward with a key expansion project along the Houston Ship Channel in response to continued strong customer demand for natural gas liquids export capacity. At the Enterprise Hydrocarbons Terminal ("EHT"), the company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 barrels per day ("BPD"). In addition to providing incremental capacity for liquefied petroleum gas ("LPG"), the expansion will increase instantaneous loading rates for propane and butane, while making additional capacity available for propylene exports. The expanded service is expected
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three and six months ended June 30, 2024. Enterprise reported net income attributable to common unitholders of $1.4 billion, or $0.64 per unit on a fully diluted basis, for the second quarter of 2024, a 12 percent increase compared to $1.3 billion, or $0.57 per unit on a fully diluted basis, for the second quarter of 2023. Distributable Cash Flow ("DCF") was $1.8 billion for the second quarter of 2024, compared to $1.7 billion for the second quarter of 2023. Distributions declared with respect to the second quarter of 2024 increased 5 percent to $0.525 per common unit, or $2.10 per
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the second quarter of 2024 of $0.525 per unit, or $2.10 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, August 14, 2024, to common unitholders of record as of the close of business Wednesday, July 31, 2024. This distribution represents a 5.0 percent increase over the distribution declared with respect to the second quarter of 2023. Enterprise repurchased $40 million of its common units in the open market during the second quarter
Enterprise Products Partners L.P. (NYSE:EPD) today announced that its 2023 Schedule K-3 forms, reflecting items of international tax relevance, are available online. Unitholders may access the information at www.taxpackagesupport.com/enterprise. A limited number of Enterprise investors, primarily foreign unitholders, those computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders, may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent a Schedule K-3 is applicable to federal income tax return filing needs, unitholders are encouraged to review the information contained on this form an
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Enterprise Prods Partners's (NYSE:EPD) short percent of float has fallen 10.53% since its last report. The company recently reported that it has 14.86 million shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. S
Enterprise Prods Partners's (NYSE:EPD) short percent of float has risen 8.65% since its last report. The company recently reported that it has 16.47 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
9 analysts have shared their evaluations of Enterprise Prods Partners (NYSE:EPD) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 5 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 4 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $33.33, a high estimate of $35.00, and a low estimate of $31.00. This c
Morgan Stanley analyst Robert Kad maintains Enterprise Prods Partners (NYSE:EPD) with a Equal-Weight and lowers the price target from $35 to $34.
JP Morgan analyst Jeremy Tonet maintains Enterprise Prods Partners (NYSE:EPD) with a Overweight and lowers the price target from $33 to $32.
During the last three months, 11 analysts shared their evaluations of Enterprise Prods Partners (NYSE:EPD), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 6 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 3 0 0 0 2M Ago 1 1 0 0 0 3M Ago 2 2 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $33.64, a high estimate of $36.00, and a low estimate of $31.00. Witnessing a positive shift, the curr
Truist Securities analyst Neal Dingmann maintains Enterprise Prods Partners (NYSE:EPD) with a Buy and raises the price target from $33 to $35.
Enterprise Products Partners L.P. (NYSE:EPD) reported a first-quarter fiscal 2024 sales growth of 18.6% year-over-year to $14.76 billion, beating the consensus of $14.23 billion. Adjusted EBITDA rose to $2.47 billion from $2.23 billion in the prior year quarter, and the margin contracted by 192 bps to 16.7%. EPS was 66 cents, up from 63 cents in first-quarter 2023, missing the consensus of 67 cents. Distributable Cash Flow was $1.915 billion for the quarters compared to $1.938 billion a year ago. Adjusted cash flow provided by operating activities was $2.147 billion compared to $2.022 billion in the first quarter of 2023. “Our earnings growth in the first quarter of 2024 was pri
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Goldman resumed coverage of Enterprise Products with a rating of Neutral and set a new price target of $28.00
Pickering Energy Partners initiated coverage of Enterprise Products with a rating of Outperform
Scotiabank initiated coverage of Enterprise Products with a rating of Sector Outperform
Wolfe Research upgraded Enterprise Products from Peer Perform to Outperform and set a new price target of $27.00
Citigroup initiated coverage of Enterprise Products with a rating of Buy and set a new price target of $31.00
Tudor, Pickering, Holt & Co. downgraded Enterprise Products from Buy to Hold and set a new price target of $29.00
Truist resumed coverage of Enterprise Products with a rating of Buy and set a new price target of $27.00
Evercore ISI downgraded Enterprise Products from Outperform to In-line
Citigroup downgraded Enterprise Products from Buy to Neutral
Citigroup downgraded Enterprise Products from Buy to Neutral
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the fourth quarter of 2020 of $0.45 per unit, or $1.80 per unit on an annualized basis. The quarterly distribution will be paid Thursday, February 11, 2021, to unitholders of record as of the close of business Friday, January 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the fourth quarter of 2019. Enterprise has increased its cash distribution rate for 22
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the third quarter of 2024 of $0.525 per unit, or $2.10 per unit on an annualized basis. The quarterly distribution will be paid Thursday, November 14, 2024, to common unitholders of record as of the close of business Thursday, October 31, 2024. This distribution represents a 5.0 percent increase over the distribution declared with respect to the third quarter of 2023. Enterprise repurchased $76 million of its common units in the open market during the third quarter o
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") and Piñon Midstream, LLC ("Piñon Midstream"), a portfolio company of Black Bay Energy Capital, today announced that Enterprise's affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 million in cash consideration. Piñon Midstream provides natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821749801/en/ Piñon Midstream's assets include approximately 50 miles of natural gas gathering
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three and six months ended June 30, 2024. Enterprise reported net income attributable to common unitholders of $1.4 billion, or $0.64 per unit on a fully diluted basis, for the second quarter of 2024, a 12 percent increase compared to $1.3 billion, or $0.57 per unit on a fully diluted basis, for the second quarter of 2023. Distributable Cash Flow ("DCF") was $1.8 billion for the second quarter of 2024, compared to $1.7 billion for the second quarter of 2023. Distributions declared with respect to the second quarter of 2024 increased 5 percent to $0.525 per common unit, or $2.10 per
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the second quarter of 2024 of $0.525 per unit, or $2.10 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, August 14, 2024, to common unitholders of record as of the close of business Wednesday, July 31, 2024. This distribution represents a 5.0 percent increase over the distribution declared with respect to the second quarter of 2023. Enterprise repurchased $40 million of its common units in the open market during the second quarter
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three months ended March 31, 2024. Enterprise reported net income attributable to common unitholders of $1.5 billion, or $0.66 per unit on a fully diluted basis, for the first quarter of 2024, a 5 percent increase compared to $1.4 billion, or $0.63 per unit on a fully diluted basis, for the first quarter of 2023. Distributable Cash Flow ("DCF") was $1.9 billion for the first quarters of 2024 and 2023. Distributions declared with respect to the first quarter of 2024 increased 5.1 percent to $0.515 per common unit, or $2.06 per common unit annualized, compared to distributions declare
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the first quarter of 2024 of $0.515 per unit, or $2.06 per unit on an annualized basis. The quarterly distribution will be paid Tuesday, May 14, 2024, to common unitholders of record as of the close of business Tuesday, April 30, 2024. This distribution represents a 5.1 percent increase over the distribution declared with respect to the first quarter of 2023. Enterprise repurchased $40 million of its common units in the open market during the first quarter of 2024.
Enterprise Products Partners L.P. (NYSE:EPD) today announced that certain of its affiliates have acquired interests in Whitethorn Pipeline Company LLC ("Whitethorn") and Enterprise EF78 LLC ("EF78") from affiliates of Western Midstream Partners, LP ("Western") in a series of debt-free transactions for $375 million in total cash consideration. Enterprise completed the acquisition of Western's 20 percent equity interest in Whitethorn, which owns the 620,000 barrel per day Midland-to-Sealy portion of the Midland-to-ECHO 1 crude oil pipeline. Enterprise now owns 100 percent of Whitethorn. Enterprise also completed the acquisition of Western's 25 percent equity interest in EF78, which owns n
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three months and year ended December 31, 2023. Fourth Quarter and Year End 2023 Financial Highlights Three Months Ended December 31, Year Ended December 31, ($ in millions, except per unit amounts) 2023 2022 2023 2022 Operating income $ 1,921 $ 1,765 $ 6,929 $ 6,907 Net income $ 1,602 $ 1,452 $ 5,657 $ 5,615 Fully diluted earnings per common unit $ 0.72 $ 0.65
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, February 14, 2024, to common unitholders of record as of the close of business Wednesday, January 31, 2024. This distribution represents a 5.1 percent increase over the distribution declared with respect to the fourth quarter of 2022, and a 3 percent increase over the distribution declared with respect to the third quarter of 202
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three and nine months ended September 30, 2023. Enterprise reported net income attributable to common unitholders of $1.3 billion, or $0.60 per common unit on a fully diluted basis for the third quarter of 2023, compared to $1.4 billion, or $0.62 per common unit on a fully diluted basis, for the third quarter of 2022. Distributable Cash Flow ("DCF") was $1.9 billion for the third quarters of 2023 and 2022. Distributions declared with respect to the third quarter of 2023 increased 5.3 percent to $0.50 per common unit, or $2.00 per common unit annualized, compared to distributions dec