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Enterprise Products Partners
(NYSE:EPD)
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Rating:71Outperform
Price Target:
$41.00
â–²(11.81% Upside)
Action:Reiterated
Date:07/01/26
Overall score is driven primarily by solid financial quality (steady profitability and manageable leverage, though weakened free-cash-flow trend is a key risk). The earnings call adds meaningful support via strong Q1 growth, record operating volumes, and healthy distribution coverage/capital returns. Valuation is attractive for income (high yield with a moderate P/E), while technicals are a mild headwind given the stock is below key short-to-medium moving averages.
Positive Factors
Integrated Asset Footprint
Enterprise's well‑connected Gulf Coast infrastructure and end‑to‑end midstream services create durable competitive advantages: diversified fee streams, logistics optionality for exports and petrochemicals, higher switching costs for customers, and long-lived assets that underpin steady contracted cash flows.
Negative Factors
Declining Free Cash Flow
Material compression of free cash flow reduces financial flexibility: with FCF a smaller share of net income, management has less optional cash for buybacks, accelerated debt paydown or incremental growth without raising leverage. Persistent FCF weakness could constrain capital allocation choices.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Asset Footprint
Enterprise's well‑connected Gulf Coast infrastructure and end‑to‑end midstream services create durable competitive advantages: diversified fee streams, logistics optionality for exports and petrochemicals, higher switching costs for customers, and long-lived assets that underpin steady contracted cash flows.
Read all positive factors
Enterprise Products Partners Key Performance Indicators (KPIs)
Any
Revenue by Segment
Highlights the revenue generated from different business segments, providing insight into which areas drive growth and profitability, and how diversified the company's income streams are.
Highlights the revenue generated from different business segments, providing insight into which areas drive growth and profitability, and how diversified the company's income streams are.
Data provided by:
The Fly
The FlyEnterprise Products Partners (EPD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$82.65B
Dividend Yield5.65%
Average Volume (3M)2.71M
Price to Earnings (P/E)14.4
Beta (1Y)0.20
Revenue Growth-9.49%
EPS Growth1.01%
CountryUS
Employees7,300
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)2.70
Shares Outstanding2,163,518,300
10 Day Avg. Volume2,894,932
30 Day Avg. Volume2,714,170
Financial Highlights & Ratios
PEG Ratio-10.81
Price to Book (P/B)2.36
Price to Sales (P/S)1.33
P/FCF Ratio23.66
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$41.54Price Target Upside13.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)2.89
Revenue Forecast (FY)$54.57B
Enterprise Products Partners Business Overview & Revenue Model
Company Description
Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Its op...
How the Company Makes Money
EPD primarily makes money by charging fees for midstream services under contracts with producers, refiners, petrochemical companies, and marketers. Key revenue-generating activities include: (1) Transportation: tariff and fee revenue for moving na...
Enterprise Products Partners Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial quarter — multiple volumetric records, double-digit adjusted EBITDA and cash-flow growth, continued distribution increases, active buybacks, and robust export demand driven by geopolitical supply disruptions and improved petrochemical margins. Headwinds discussed were largely macro/market-driven (commodity volatility, uncertainty around duration of Middle East disruptions), some short-term mark-to-market and contract renegotiation impacts in the crude business, and higher near-term capex to support accelerating Permian projects. Overall, management presented confidence in continued momentum, disciplined capital allocation (buybacks and debt retirement), and a healthy balance between growth investment and returning capital to unitholders.Positive Updates
Strong Adjusted EBITDA and Income Growth
Adjusted EBITDA of $2.7 billion in Q1 2026, up 10% year-over-year; net income attributable to common unitholders of $1.5 billion ($0.68/unit), up 6% vs. 2025.
Negative Updates
Commodity Price Volatility and Uncertainty
Quarter marked by significant commodity volatility driven by Middle East conflict and supply disruptions; management notes uncertainty around duration of Strait of Hormuz impacts and that futures markets may understate physical-market tightness.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Adjusted EBITDA and Income Growth
Adjusted EBITDA of $2.7 billion in Q1 2026, up 10% year-over-year; net income attributable to common unitholders of $1.5 billion ($0.68/unit), up 6% vs. 2025.
Read all positive updates
Company Guidance
Enterprise’s guidance and near‑term outlook emphasized strong Q1 results and disciplined capital allocation: adjusted EBITDA was $2.7 billion (up 10% y/y), net income to common unitholders $1.5 billion ($0.68/unit, +6%), adjusted cash flow from operations $2.3 billion (+10%) with 1.8x distributable cash flow coverage, and a declared distribution of $0.55/unit (up 2.8%). Operationally they set 12 volumetric records (processing 8.3 Bcf/d of gas, +7%; fractionating 1.9 million bpd of NGLs, +16%; loading ~70 million barrels/month at docks with >88 million barrels scheduled in April; transporting 14.2 million BOE/d, +7%). Capital guidance was raised to net growth capex of roughly $2.3–$2.6 billion for 2026 (total capex invested year‑to‑date ~$988 million) and $2.0–$2.5 billion for 2027, with sustaining capex of roughly $500–$580 million; they reiterated discretionary free cash flow potential of about $1 billion for 2026 and a near‑term preference to split discretionary cash ~50–60% to buybacks. Q1 activity included repurchasing 3.1 million units (~$116 million) and DRIP/EUP purchases of ~1.0 million units (~$37 million); over the trailing 12 months they returned ~ $5.1 billion to equity (including ~$356 million of buybacks) with a 57% payout ratio. Balance‑sheet metrics: total debt principal ~$34.2 billion, weighted‑avg cost of debt 4.7% (~95% fixed), weighted‑avg life ~17 years, consolidated liquidity ~$3.3 billion, and net leverage ~3.2x (target 2.75–3.25x).Enterprise Products Partners Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.56B | 52.60B | 56.22B | 49.72B | 58.19B | 40.81B |
| Gross Profit | 7.31B | 7.16B | 7.22B | 6.72B | 6.72B | 5.95B |
| EBITDA | 10.19B | 9.92B | 9.59B | 9.05B | 8.91B | 7.98B |
| Net Income | 5.89B | 5.81B | 5.90B | 5.53B | 5.49B | 4.64B |
Balance Sheet | ||||||
| Total Assets | 80.64B | 77.90B | 77.17B | 70.98B | 68.11B | 67.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.39B | 1.68B | 583.00M | 180.00M | 76.00M | 2.82B |
| Total Debt | 34.42B | 34.93B | 32.26B | 29.07B | 28.64B | 29.87B |
| Total Liabilities | 50.29B | 47.41B | 47.58B | 42.22B | 40.41B | 41.09B |
| Stockholders Equity | 29.53B | 29.74B | 28.73B | 27.67B | 26.62B | 25.33B |
Cash Flow | ||||||
| Free Cash Flow | 2.20B | 2.96B | 3.57B | 4.30B | 6.08B | 6.29B |
| Operating Cash Flow | 7.74B | 8.59B | 8.12B | 7.57B | 8.04B | 8.51B |
| Investing Cash Flow | -4.83B | -5.49B | -5.43B | -3.20B | -4.95B | -2.13B |
| Financing Cash Flow | -2.98B | -2.69B | -2.16B | -4.26B | -5.84B | -4.57B |
Enterprise Products Partners Technical Analysis
Positive
36.67
Price Trends
37.66
Positive
37.40
Positive
34.43
Positive
Market Momentum
0.25
Negative
61.79
Neutral
84.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EPD, the sentiment is Positive. The current price of 36.67 is below the 20-day moving average (MA) of 37.24, below the 50-day MA of 37.66, and above the 200-day MA of 34.43, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 84.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EPD.
Enterprise Products Partners Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $58.92B | 16.65 | 15.92% | 5.61% | 41.04% | 9.18% | |
73 Outperform | $57.90B | 12.34 | 33.27% | 7.31% | 3.18% | 6.43% | |
72 Outperform | $71.86B | 21.87 | 10.69% | 4.27% | 12.38% | 28.17% | |
71 Outperform | $82.65B | 14.36 | 20.04% | 6.72% | -9.49% | 1.01% | |
71 Outperform | $69.92B | 15.13 | 13.97% | 8.04% | 12.46% | -10.48% | |
68 Neutral | $89.74B | 32.38 | 22.37% | 3.35% | 9.99% | 22.02% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
EPD
Enterprise Products Partners
38.78
9.59
32.87%
ET
Energy Transfer
20.28
4.28
26.73%
KMI
Kinder Morgan
32.58
6.55
25.15%
OKE
Oneok
93.56
17.38
22.81%
WMB
Williams Co
74.16
18.25
32.65%
MPLX
MPLX
57.13
10.67
22.96%
Enterprise Products Partners Corporate Events
Business Operations and StrategyExecutive/Board Changes
Enterprise Products Announces CEO Succession and Leadership Transition
Positive
Jul 1, 2026
On July 1, 2026, Enterprise Products Partners announced that long-time executive A. James “Jim” Teague plans to retire as co-chief executive officer of its general partner effective January 4, 2027, after nearly three decades with the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.