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Enterprise Products Partners LP EPD Stock Quote

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Morningstar‘s Stock Analysis EPD

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Enterprise’s Q3 Results Revealed Volume Strength and Petrochemical Weakness

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

Enterprise’s third-quarter results benefited from healthy volume growth across its natural gas liquids, oil, and gas business, and contributions from the recently completed Navitas deal. The gains were more than enough to boost gross operating margin to $2.3 billion from $2.1 billion last year and offset weaker volumes and margins from its petrochemicals business. After updating our model, we will maintain our $27.50 fair value estimate and wide moat rating.

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Key Statistics EPD

Company Profile EPD

Business Description

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.

1100 Louisiana Street, 10th Floor
Houston, TX, 77002
T +1 713 381-6500
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022

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