![]() ![]() ![]() "However," the analyst summed up, "we believe the market has not given EPD enough credit for its strong differentials and upside to commodity-based contracts.”ĭingmann's upbeat outlook leads him to put a Buy rating on the stock, and his price target, of $33, implies an upside of ~25% for the year ahead. The Company maintains a stable, strong FCF generation business while still receiving upside from pricing differentials and commodity-based contracts." Further, we anticipate little to no slippage in the $5.5B in projects with the majority coming on line next year. Dingmann is impressed by Enterprise’s expansion of its business, and writes: “EPD continues to see strong activity on its pipelines and storage with potential for even more natural gas facilities/fractionators. Enterprise has a 14-year history of dividend growth and reliability.Īll of this has caught the attention of Truist analyst Neal Dingmann, who holds a 5-star rating from TipRanks. This payment, which went out on August 12, annualizes to $1.90 and gives a yield of 7.2%. The company’s earnings, net income attributable to shareholders, was reported at $1.4 billion, or 64 cents per diluted share, a gain of 25% y/y.Įnterprise is clearly confident after some two years of rising top and bottom lines the company’s management bumped up the dividend payment in the last declaration, by ~6%, to 0.475 per common share. In the most recent quarterly earnings release, from 2Q22, Enterprise showed a top line of $16 billion, up significantly from the $9.4 billion reported in the year ago quarter, a year-over-year gain of 70%. These share gains have come as the company’s revenues and earnings have also grown. More importantly than its business network or company size, Enterprise has seen its shares gain in this year’s volatile trading, with a year-to-date net increase of 27%. It’s large scale business, and Enterprise commands a market cap of more than $55 billion. Its business is moving product, getting the crude oil, the natural gas, and the natural gas liquids pulled out of the ground by producers from the well heads and into the transport network of pipelines and transfer terminals and the storage infrastructure of tank farms and refineries.Įnterprise’s assets include a wide-ranging network of pipelines and storage sites, stretching from Appalachian gas fields of Pennsylvania, the Great Lakes region, the Southeast, and the Rocky Mountains, into Texas and the Gulf Coast region, where there are processing facilities, storage farms, refineries, and import/export terminals. The first stock we’ll look at, Enterprise Products, is a midstream company in the energy industry. ![]()
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