Enterprise Products Partners LP
EPD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$31.00 | Dnwf | Vktggdlnm |
Enterprise Leans Into Permian Basin Growth in 2023
Business Strategy and Outlook
Enterprise's asset and geographical diversity allow it to pursue growth in virtually any environment. It can aggregate supply of every type of hydrocarbon from multiple sources in major producing basins and deliver it to multiple end markets (refiners, petrochemicals, exports). Its robust marketing operations let it clip transaction-fee-like earnings during volatile oil and gas markets like we saw with winter storm Uri in 2021. With the current extreme volatility in 2022 that has rolled over into 2023 across the oil, gas, and natural gas liquids markets, we expect the marketing unit to do well.