Added to YB: 2024-01-31
Pitch date: 2024-01-30
EPD [bullish]
Enterprise Products Partners L.P.
+34.46%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$70.2B
Pitch Price
$23.90
Price Target
N/A
Dividend
6.72%
EV/EBITDA
10.39
P/E
12.27
EV/Sales
1.98
Sector
Oil, Gas and Consumable Fuels
Category
growth
Enterprise Products Partners: More Debt Means Larger Distributions
EPD: Integrated midstream with 20 deepwater docks & processing plants. Avg 12% ROIC last decade, sole A-rating in sector. Payout ratio <60% of CFO since 2018. Leveraging for growth: 15 projects, $1.5B cost, 7% CFO growth potential. Sustained $4B capex likely given strong ROIC & execution track record.
Read full article (7 min)