Headquartered in Houston, TX Fiscal year ends December NYSE: EPD enterpriseproducts.com
Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships. It provides midstream energy services in North America to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
It operates through four segments:
- **NGL Pipelines & Services:** natural gas processing, NGL marketing, NGL pipelines and storage, fractionation at its Mont Belvieu complex, and LPG and ethane export terminals.
- **Crude Oil Pipelines & Services:** Texas crude pipelines including Seaway, plus marine terminals.
- **Natural Gas Pipelines & Services:** gathering, transportation, storage and marketing.
- **Petrochemical & Refined Products Services:** propylene production, butane isomerization, octane enhancement and iBDH, refined products pipelines and marketing, an ethylene export terminal, and a marine transportation business on U.S. inland and intracoastal waterways.
Its assets include more than 50,000 miles of pipelines, over 300 million barrels of liquids storage and 14 Bcf of natural gas storage. The partnership earns largely fee-based revenue alongside marketing margins. It is expanding Permian Basin processing, Houston Ship Channel LPG export capacity and Mont Belvieu fractionation to serve growing domestic and international demand. Updated
Enterprise Products reports at 6:00 AM ET, with analysts looking for $0.7344 in EPS on $14.98 billion in revenue. Last quarter's $0.84 came in 12% above estimates, but only two of the past four quarters have beaten, so the NGL export and Permian volume commentary carries the weight here.
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Enterprise Products Partners L.P. (NYSE: EPD) is one of the largest publicly traded partnerships. It provides midstream energy services in North America to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
24/7 Wall St.'s 12-month price target for EPD is $42.13, rated Buy. The Wall Street consensus target is $41.67. EPD price prediction →
