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Enterprise Products Partners LP EPD

Morningstar Rating
$28.84 +0.40 (1.41%)
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Company Report

Israel’s Response to Iran’s Strike Confirms Minimal Escalation View; Oil Markets Remain Oversupplied

Israel has launched strikes against Iran in retaliation for an attack on April 14 (see our April 15 note for more analysis). The limited scope of Israel’s attack, which also included targets in Syria and Iraq; Iran's subdued response; and the ample warning Israel provided confirm our view that both parties wish to de-escalate tensions. We’d characterize this as a de-escalation attack. This view is in line with broader US and Group of Seven goals.

Price vs Fair Value

EPD is trading at a 3% premium.
Price
$28.44
Fair Value
$45.90
Uncertainty
Medium
1-Star Price
$39.63
5-Star Price
$38.36
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As the largest player in NGL market, Enterprise is most leveraged to petrochemical demand in the Gulf Coast and international markets.

Bears

The marketing operations depend on differential spreads that could continue to narrow without investments by Enterprise and third parties to spur demand.

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News

Trading Information

Previous Close Price
$28.44
Day Range
$28.4829.01
52-Week Range
$25.1929.99
Bid/Ask
$28.85 / $28.87
Market Cap
$62.53 Bil
Volume/Avg
3.7 Mil / 4.8 Mil

Key Statistics

Price/Earnings (Normalized)
11.19
Price/Sales
1.26
Dividend Yield (Trailing)
7.06%
Dividend Yield (Forward)
7.26%
Total Yield
7.05%

Company Profile

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Large Value
Total Number of Employees

Competitors

Valuation

Metric
EPD
KMI
TRGP
Price/Earnings (Normalized)
11.1916.5921.97
Price/Book Value
2.231.309.08
Price/Sales
1.262.591.57
Price/Cash Flow
7.686.438.22
Price/Earnings
EPD
KMI
TRGP

Financial Strength

Metric
EPD
KMI
TRGP
Quick Ratio
0.610.230.58
Current Ratio
0.930.350.79
Interest Coverage
5.452.783.82
Quick Ratio
EPD
KMI
TRGP

Profitability

Metric
EPD
KMI
TRGP
Return on Assets (Normalized)
8.30%3.46%7.11%
Return on Equity (Normalized)
21.13%7.89%53.57%
Return on Invested Capital (Normalized)
12.21%6.00%11.56%
Return on Assets
EPD
KMI
TRGP
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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ET
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MPLX
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KMI
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LNG
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TRP
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TRGP
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