It owns pipelines, storage, transportation assets, and refineries, among other things. Ford Soars 30% YTD After Breaking Out: What's Next? The big question for dividend investors is whether this is an opportunity to get in on the cheap, or a sign that Enterprise Products Partners is in for big trouble. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Real time prices by BATS. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Web1100 Louisiana Houston, Texas 77002, US Get directions Employees at Enterprise Products Chris Stelmak Lead Frontend Developer at Enterprise Products Joel Parker, Enterprise Products Partners L.P. (NYSE: EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. However, the current industry downturn is different. It owns the pipelines, storage, transportation, and processing assets that help move oil and natural gas around. To make the world smarter, happier, and richer. RANK 72. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The HDD-based storage architecture has a major disadvantage in flash memory media. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Perhaps that shows up most notably on the balance sheet, where the partnership's leverage is, and historically has been, near the low end of its peer group. Enterprise Products reported revenues of $12.44 billion in the last reported quarter, representing a year-over-year change of -4.3%. Qualified notices related to distributions can be found at our website at https://ir.enterpriseproducts.com/distribution-drip. Is an airlines schedule its only product attribute? Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) have earned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Should you invest $1,000 in Enterprise Products Partners right now? That's a lot to like. Headquartered in Houston, Texas, Enterprise Products is ranked 56th on the FORTUNE 500 and has Level Four Advisory Services LLC raised its position in shares of Enterprise Products Partners by 2.9% in the 1st quarter. Tesla Sets Q2 Delivery Record: ETFs to Buy, 3 Top-Tier Stocks Trading at Historical Discounts, META, NVDA and Independence Day: Global Week Ahead, Here's What to Expect for the Second Half of 2023. How much was the last declared distribution? Get the latest business insights from Dun That's a huge five times larger than what MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. In general, a foreign unitholder should expect its broker to withhold on distributions made to a foreign unitholder at the unitholder's maximum applicable United States tax rate. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Management has clearly shown a strong commitment to returning value to unitholders via consistent distributions. For the most part, customers pay the partnership for the use of its assets. The midstream energy company currently offers a Enterprise Products Partners was one of the first ultra-high-yield dividend stocks I added to my portfolio. Enterprise Products Partners was one of the first ultra-high-yield dividend stocks I added to my portfolio. The two companies that bought stakes in FC Barcelona's Barca Studios last summer, so that the club could pull their 'economic levers', have failed to pay up. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Extensive & Integrated Midstream Energy Services. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.72 and a current ratio of 0.93. Source: Kantar Media, Co-Chief Executive Officer, CFO & Director, Chief Operating Officer & Executive Vice President, Chief Information Officer & Vice President. Enterprise Products Partners L.P. (EPD) is an American pipeline company founded in 1968 and headquartered in Houston, Texas. W. Randall Fowler is a businessperson who has been at the head of 10 The payments can be volatile given the nature of the energy sector; that isn't necessarily such a big deal. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $31.00. The HDD-based storage architecture has a major disadvantage in flash memory media. Move away from time-based measures of productivity, focus on outcomes, set clear expectations, leverage collaboration tools, and embrace hybrid work. WebEnterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 1100 Louisiana Street, 10th FloorHouston, TX 77002-5227, Main713-381-6500Investors866-230-0745, View 811 InformationEncroachment Guidelines. But there's still a pretty notable reason that investors might worry that the future won't be as bright as the past. But that number is just one of the reasons to like Enterprise. To learn more, click here. 1110 Centre Pointe Curve, Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. WebEnterprise Products Partners ( NYSE: ) is owned by 26.13% institutional shareholders, 64.65% Enterprise Products Partners 9.22% Enterprise Products Partners ZacksTrade and Zacks.com are separate companies. Assuming you are OK with owning a reliable business that is facing a (likely) temporary industry downturn, there's still one more important fact to consider: Can Enterprise Products Partners survive the current headwinds? The K-1 provides required tax information for a unitholders ownership interest in a partnership, while a Form 1099 does so for a stockholders ownership interest in a corporation. Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. 1100 Louisiana Street, 10th FloorHouston, TX 77002-5227, Main713-381-6500Investors866-230-0745, View 811 InformationEncroachment Guidelines. Second, with demand for midstream assets low, there's little need for new infrastructure. Reuben Gregg Brewer has no position in any of the stocks mentioned. All rights reserved. But for customers to repeat on an airline, more features are part of the product suite. Several hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the 1st quarter worth $758,000. An MLP is a limited partnership whose equity interests (known as "units" as opposed to "shares") are traded on public exchanges, like a corporate stock. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? In other words, demand for energy is more important than the price of energy here. Barclays lifted their target price on Enterprise Products Partners from $29.00 to $30.00 in a report on Tuesday, April 18th. EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.60 per share and revenue of $54.89 billion. The oil and gas producer reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. P.O. The oil and gas producer reported $0.63 Secondly, even with the difficult market conditions, Enterprise Products Partners was able to cover its distribution by 1.6 times in the second quarter. Identify stocks that meet your criteria using seven unique stock screeners. 'Period. Enterprise's energy services include natural gas gathering, crude oil gathering, and treating, processing, storage, and transportation of those products. To summarize a complicated and fraught situation, after years of trying to get key pieces of Keystone approved, TC Energy gave up on the effort after the latest hurdles put up by the U.S. government. Macquarie Group Ltd. raised its position in shares of Enterprise Products Partners by 103.8% in the 1st quarter. Enterprise Products Partners L.P., whose market valuation is $56.89 billion at the time of this writing, is expected to release its quarterly earnings report Aug 01, Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Looking at the core of Enterprise Product Partners' business, the current headwinds it faces, and its conservative financial position, it's hard to get too worried here. The yield is backed by more than two decades of annual increases, including a hike during last year's pandemic slowdown. Before you consider Enterprise Products Partners, you'll want to hear this. 2 Tremendous Stocks to Buy Hand Over Fist in July, 2 High-Yield Dividend Stocks That Could Be Worth Holding Forever, Love Dividends? NYSE and AMEX data is at least 20 minutes delayed. EQ Shareowner Services 26.54% of the stock is currently owned by hedge funds and other institutional investors. This represents a $1.96 dividend on an annualized basis and a yield of 7.44%. In fact, Enterprise even expects absolute demand for oil to be higher in 2040 than it is today, despite the likelihood that these fuels will be a smaller piece of the total energy pie. This impacts Enterprise in a couple of ways. We use cookies to understand how you use our site and to improve your experience. Learn More. EPD Financial Debt to EBITDA (TTM) data by YCharts. The business is meant to be boring, and it is performing exactly as expected. If you can take the long-term view, Enterprise and its 10% yield look extremely enticing. Enterprise Products Partners has a 52-week low of $22.90 and a 52-week high of $27.36. If you do not, click Cancel. *Average returns of all recommendations since inception. 3 Stocks That Can Pay You Well in Good Markets and Bad, Why I've Loaded Up on These 3 Ultra-High-Yield Dividend Stocks, 2 High-Yield Dividend Stocks That Are No-Brainer Buys, 1 Warren Buffett Stock to Buy Hand Over Fist in July, 3 Top Warren Buffett Dividend Stocks to Buy Now, Prediction: 10 Stocks That Will Have Trillion-Dollar Valuations by 2035, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, earnings before interest, taxes, depreciation, and amortization, Copyright, Trademark and Patent Information. American Consumer News, LLC dba MarketBeat 2010-2023. That has had an impact on Enterprise, but not to the same degree as E&Ps. Suite 101 So it's likely that there's plenty of time for Enterprise before its midstream business is obsolete. WARNING: These 110 Banks Are Planning to Replace the U.S. Dollar (Ad), [BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad), [BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad), Tesla Production Cranks Into High Gear, Shares Follow, Acuity Brands Lights Up Opportunity In The Industrial Sector, Tecnoglass Shines Bright As Analysts Bullish On Growth Potential, Pure Storage is Pure Gold for Customers and Investors, AI-Powered Lemonade Squeezing Out Sweet Growth, Try These 2 Stocks to Play the Wheat Rally. Vigilance against these manipulative tactics can safeguard your sense of self. A partnership. The company is expected to report EPS of $0.62, down 3.13% from the prior-year quarter. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Copyright FactSet Research Systems Inc. All rights reserved. Please send any questions or comments about this story to contact@marketbeat.com. The two co-founders of the Bridge Funding Global share the best practices they've learned after four years of connecting (female) GPs and LPs. In other words, things will remain tough until the current supply/demand imbalance is worked out and energy prices start a sustained recovery. Yes, the energy sector needs to muddle through the current downturn before investors start to see Enterprise in a different light and send its shares higher again. Enterprise Products Partners is a diversified midstream company involved in the transportation, storage, and processing of crude oil, natural gas, and natural gas To continue, please click Continue; otherwise, please click Cancel. Thinking about trading options or stock in Apple, C3.ai, Cinemark Holdings, Enterprise Products Partners, or Fidelity National Information Services? WebWho is Enterprise Products Partners Headquarters 1100 Louisiana Fl 10, Houston, Texas, 77002, United States Phone Number (713) 381-6500 Website With a market cap of about $50 billion, it is one of the biggest names in the domestic market, while holding assets that serve the global energy market. Mullen Automotive Stock, Where Do You Stand? 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The dividend yield on the company stock is U.S. Operations with Meaningful Global Impact, Listen to the 1Q 2023 Earnings Conference Call. The ex-dividend date of this dividend was Thursday, April 27th. EPS and Revenue estimates are for the next 12 months. International stock quotes are delayed as per exchange requirements. The Visit www.zacksdata.com to get our data and content for your mobile app or website. This is a vital piece of Making the world smarter, happier, and richer. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. American Airlines thinks so. Mendota Heights, MN 55120-4100. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Investors of record on Friday, April 28th were issued a dividend of $0.49 per share. Mr. Fowler received an undergraduate degree and a graduate degree from Louisiana Tech University. The stock's 50-day simple moving average is $25.99 and its two-hundred day simple moving average is $25.71. JPMorgan Chase & Co. lifted their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, March 9th. Morgan Stanley lifted their target price on Enterprise Products Partners from $31.00 to $33.00 in a report on Tuesday, April 25th. Enterprise Products Partners L.P. is headquartered in Houston, Texas. W. Randall Fowler is a businessperson who has been at the head of 10 different companies and presently holds the position of Co-Chief Executive Officer, CFO & Director at Enterprise Products Partners LP, President for Enterprise Products Operating LLC, President at Breviloba LLC, President & Chief Financial Officer at Whitethorn Pipeline Co. LLC and President, Director & Chief Financial Officer at Belle Rose NGL Pipeline LLC (which are all subsidiaries of Enterprise Products Partners LP), Vice Chairman & Chief Financial Officer at Enterprise Products Co. and Co-Chief Executive Officer, CFO & Director at Enterprise Products Holdings LLC. Source: FactSet. You probably won't like Enterprise if you are a glass-half-empty type, given that the future is increasingly cloudy. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. A leading provider of midstream services, with a diverse and strategic infrastructure network. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Enterprise Products Partners L.P. is a publicly traded limited partnership. Enterprise Products Partners (EPD 0.72%) is one of the largest midstream pipeline companies in North America. rodytume pomgi profiliu pagrstas suasmenintas reklamas ir turin, vertintume suasmenint reklam bei turinio veiksmingum ir. WebEnterprise 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 We are proud to play a role in our nations and our worlds energy story. Get daily stock ideas from top-performing Wall Street analysts. It operates through the following The number of our confidential Hotline is 844-693-4318. That suggests that the future of oil isn't quite as bright as it once was. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. As Babolat celebrates its 10th anniversary as an official supplier for Wimbledon, the brand continues to do so with a consumer-facing array of products. WebEnterprise Products Partners L.P. is a publicly traded partnership pursuant to Internal Revenue Code Section 7704(b) and is taxed as a partnership for U.S. tax purposes. Market value as of March 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Enterprise Products Partners L.P. is a publicly traded limited partnership, also known as a master limited partnership ("MLP"). Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. HPE introduced new GreenLake for Large Language Models, a service-based offering backed its Cray supercomputer. All-in-one products that cover multiple tasks are perfect for your carry-on suitcase. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 1.26%. Total Return to Investors (5 year, annualized), Total Return to Investors (10 year, annualized). YG Entertainment's TREASURE is the latest K-pop signing between Korea and U.S. labels with Columbia Records supporting "MOVE" by T5 and summer comeback album 'REBOOT.'. The company ranked No. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. These recent revisions tend to reflect the evolving nature of short-term business trends. EQ Shareowner Services To put a number on that, Enterprise's financial debt to EBITDA ratio is a reasonable 3.7 times, which is well below those of similarly sized peers like Enbridge, Kinder Morgan, and TC Energy, which have financial debt to EBITDA ratios of roughly 7, 6, and 4.5 times, respectively. And the partnership has an over-two-decade-long history of annual distribution increases under its belt. Global 500 - 2022 Aggregate sales hit $37.8 trillion last yearan in READ MORE. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. We do not offer a direct unit purchase program for investors at this time. Influencers Love These Summer Foodie Products For July Picnics, Research Unpacks A Gaslighters 2-Step Plan To Gain Control Over Their Partner, FC Barcelonas Economic Levers Partners Fail To Pay Up: Reports, How To Price Your Products And Services For Maximum Profit Margins, Amazons Return Policy Has Changed Staples Partners, K-Pop Boy Band TREASURE Partners With Columbia Records For U.S. Record Deal. View Ford Soars 30% YTD After Breaking Out: What's Next? Our honorary and advisory directors are not entitled to vote as directors on any matters. WebEnterprise 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 kurtume bei tobulintume savo produktus ir paslaugas. The digitalization in banking is ahead of most other industries, and acting deep and delicate in diversified areas. See our report's 7 new picks today, absolutely FREE. WebFor our customers, the result is a suite of solutions, services and products delivered ahead of market needs and in anticipation of member demands. WebFind company research, competitor information, contact details & financial data for Enterprise Labor Services Inc of Lansing, MI. All rights reserved. Overnight Mail: FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Homebuilder Stocks Steady; Can They Stay That Way? EPD Financial Debt to EBITDA (TTM) data by YCharts. Jei nenorite, kad mes ir ms partneriai naudotume slapukus ir asmeninius duomenis iais papildomais tikslais, spustelkite Atmesti visus. Change value during other periods is calculated as the difference between the last trade and the most recent settle. All values as of most recently reported quarter unless otherwise noted. The Motley Fool has a disclosure policy. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Our most recent consensus estimate is calling for quarterly revenue of $13.3 billion, down 17.17% from the year-ago period. Investors can capitalize on this by using the Zacks Rank. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. The brotherly duo provides a dramatic take on electronic music, indie electro, new dance and melodic techno. Where can I find my Schedule K-1 Tax Package? The Motley Fool recommends Enterprise Products Partners. Level Four Advisory Services LLC now owns 52,084 shares of the oil and gas producer's stock worth $1,349,000 after acquiring an additional 1,475 shares in the last quarter. It is one Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. The Natural Gas Pipelines & Services segment stores and transports natural gas. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. As a result, a foreign unitholder who sells our units should generally expect a broker to withhold 10% of the amount realized upon such sale. Shares of NYSE:EPD opened at $26.35 on Friday. 2 Tremendous Stocks to Buy Hand Over Fist in July, 2 High-Yield Dividend Stocks That Could Be Worth Holding Forever, Love Dividends? Terms & Conditions. WebEnterprise Products Partners L.P. is a publicly traded partnership pursuant to Internal Revenue Code Section 7704(b) and is taxed as a partnership for U.S. tax purposes. The company is organized as a master limited partnership (MLP). Where are the biggest opportunities to do more with less, reduce costs, and boost profit? First, with less drilling, there's less demand for midstream capacity. Reuben Gregg Brewer has no position in any of the stocks mentioned. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Enterprise Products Partners (NYSE:EPD - Free Report) last posted its quarterly earnings data on Tuesday, May 2nd. ', These 3 Dividends Are En Fuego (Payouts Soaring up to 385%), Stock market today: Asia sinks after survey shows China activity weakening, Meta looks to target Twitter with a rival app called Threads. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. This includes personalizing content and advertising. ORG Partners LLC bought a new position in shares of Enterprise Products Partners in the 1st quarter worth $1,464,000. Mail: View Buffett's Berkshire Increases Stake In Occidental Petroleum (OXY). Invest better with The Motley Fool. They issued a "buy" rating for the company. The world is in the middle of a shift toward cleaner energy sources, including things like solar and wind power. The Partnership states that the 10% exception DOES NOT apply, as determined under Treasury Regulation Section 1.1446(f)-4(b)(3)(ii). The company is expected to report EPS of $0.62, down 3.13% from the prior-year quarter. An Airlines Product Is More Than Its Schedule, But It Starts There, GM CEO Mary Barra On Pivoting To Electric Vehicles And Partnering With Tesla, Mathame Stuns With Complex And Masterfully-Produced LP Memo, 5 Carry-On-Friendly Products For The Frequent Traveler, Transforming Productivity Metrics For The Hybrid Workforce, Three Ways To Build A Scalable Enterprise Sales Engine, Babolat's Strategy For 10th Anniversary As Wimbledon Official Partner, HPE Brings AI-as-a-Service to the Enterprise with Its GreenLake for LLMs, $10 Trillion And Counting: Three Best Practices For Female GPs Looking To Capitalize On The Growing Power Of Female LPs, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. RANK 343. Zacks Ranks stocks can, and often do, change throughout the month. To view our past distribution payment history, please visit our Distributions and DRIPpage. Pricing makes business owners fear that they'll either price too high and turn away potential customers or price too low and leave money on the table. This model considers these estimate changes and provides a simple, actionable rating system. While demand for these fuels may remain strong for years to come, the social and political tide is running against companies like Enterprise. The big deal here is that much of the growth in the midstream sector has been driven by new construction. A partnership passes its profits and losses through to its partners as reported on a Schedule K-1. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Our transfer agent is EQ Shareowner Services. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Enterprise Products Partners will be looking to display strength as it nears its next earnings release. Enterprise Products Partners will be looking to display strength as it nears its next earnings release. Here are some key factors to consider before you pull the trigger on this high-yield stock. Daugiau informacijos apie tai, kaip naudojame js asmens duomenis, rasite ms privatumo politikoje ir slapuk politikoje. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Powered and implemented by Interactive Data Managed Solutions. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Why do unitholders receive Schedule K-1 forms rather than Form 1099? As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. 1 HPE GreenLake for Large Language Models (LLMs) will run on supercomputers initially hosted in QScales Quebec colocation that provides power Making the world smarter, happier, and richer. Jei norite pritaikyti savo pasirinkimus, spustelkite Valdyti privatumo nuostatas. See what's happening in the market right now with MarketBeat's real-time news feed. Enterprise Products reported revenues of $12.44 billion in the last reported quarter, representing a year-over-year change of -4.3%. These results would represent year-over-year changes of +3.17% and -5.66%, respectively. AMD's Recent Correction: A Buying Opportunity For Investors? Enterprise Products Partners is a master limited partnership that operates in the midstream sector of the North American energy market. They can be contacted at 855-235-0839 or: Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. For starters, Enterprise has long operated in a conservative manner. If you wish to go to ZacksTrade, click OK. That said, E&Ps have been cutting capital spending in a big way because oil prices remain painfully low, albeit above the worst levels of the year. View which stocks are hot on social media with MarketBeat's trending stocks report. That's showing up right now in Enterprise's results. That's not great, but wildly better than the numbers E&P companies have put up. Enterprise Products Partners LP Company Stats. The company is expected to report EPS of $0.62, down 3.13% Finally, ProShare Advisors LLC bought a new position in shares of Enterprise Products Partners in the 1st quarter worth $3,570,000. 2023 Forbes Media LLC. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Its financial strength and scale should allow it to play the role of industry consolidator, but if hostility toward pipelines increases even that path to growth could be blunted.
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