Added to YB: 2024-02-13
Pitch date: 2024-02-11
EPD [bullish]
Enterprise Products Partners L.P.
+37.67%
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
$23.34
Price Target
29.00 (-10%)
Dividend
6.72%
EV/EBITDA
10.39
P/E
12.27
EV/Sales
1.98
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Enterprise Products Partners: This 8% MLP Yield Is Way Too Good To Miss
$EPD Q4 beat on robust vols +20% marine, +16% NGL; 77% fee margin +3pp YoY; $6.8B growth projects to boost CF w/ 2 Permian plants FY24; 94% FCF paid via div+buyback; 8.9x EV/EBITDA undervalued to peers, 12% upside to 10x; 8.1% yield attractive for FY24 income
Read full article (5 min)