Enterprise Prods Partners 株価情報 (NYSE: EPD)

最新ニュース Enterprise Prods Partners (NYSE:EPD) 株価情報

Enterprise Prods Partners

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.

Enterprise Products Partners L.P. Common Stock

Enterprise Products Partners LP

ENTERPRISE PRDS PFD UT A by Enterprise Products Partners L.P.

RBC Capital analyst Elvira Scotto reiterates Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Outperform and maintains $36 price target.

News

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Enterprise Prods Partners, Maintains $36 Price Target

Wall Street took a breather on Tuesday, with most major indices treading water, while tech stocks saw gains as investors braced for earnings <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">reports from mega-cap companies.</a>
The Nasdaq 100 rose 0.7%, buoyed by anticipation around upcoming earnings from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), both set to report after market close.
Elsewhere, the S&amp;P 500 was largely unchanged, the Dow Jones dipped slightly, and small-cap stocks underperformed.
In economic news, U.S. job openings dropped by 418,000 to 7.443 million in September 2024 — marking the lowest level since January 2021 and falling short of the market's expectation of 7.99 million.
The Conference Board&#8217;s Consumer Confidence Index surged, posting its largest monthly gain since March 2021. This suggests that while labor demand may be slowing, consumer sentiment remains robust.
Treasury yields continued to climb during concerns over the U.S. budget deficit and political uncertainty ahead of next week's elections. The yield on the 10-year Treasury note hit 4.33%, the highest level since early July.
Notably, gold prices remained resilient, with the precious metal breaking above the all-time high of $2,770 per ounce as investors sought a hard asset amid fiscal concerns.
The crypto market also saw notable gains. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose nearly 4% to reach $72,700, nearing its record high of $73,697 set in March. Dogecoin (CRYPTO: DOGE) continued its momentum with a 10% rally on Tuesday, following an 11% surge on Monday.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,500.69</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,831.03</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,272.72</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,226.40</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $581.48.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;dipped 0.3% to $422.93.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.7% to $498.73.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $221.01.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up by 1.1%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.7%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
Stocks reacting to earnings reports included: 
<ul>
<li>McDonalds Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), down 0.4%, </li>
<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), down 1.7%, </li>
<li>PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), down over 4%, </li>
<li>Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>), down 1%, </li>
<li>Enterprise Product Partner L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) down 0.3%, </li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) up 3.5%, </li>
<li>D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), down 8.6%, </li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), down 3.9%, </li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), down 1.5%, </li>
<li>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), up 7.8%, </li>
<li>Ford Motor Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/F#NASDAQ">F</a>), down 8%, </li>
<li>SoFi Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NYSE">SOFI</a>), down 6.3%, </li>
<li>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NASDAQ">SWK</a>), up 9.4%</li>
</ul>
Among large-cap companies slated to report earnings after the close are Alphabet, Advanced Micro Devices, Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Stryker Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) and Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>).
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41599323/6-economic-frights-that-could-haunt-markets-this-halloween-a-tipping-point-for-risk">6 Economic Frights That Could Haunt Markets This Halloween: &#8216;A Tipping Point For Risk Appetite,&#8217; Analysts Warn</a></li>
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Tech Stocks Rise Ahead Of Key Earnings, Gold Smashes Records, Bitcoin Nears All-Time Highs: What's Driving Markets Tuesday?

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported third-quarter sales growth of 14.8% year over year to $13.775 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41593755/enterprise-reports-results-for-third-quarter-2024" rel="noreferrer noopener">missing the consensus of $13.843 billion.</a>
Adjusted EBITDA rose to $2.44 billion from $2.327 billion a year ago, and the margin contracted by 167 bps to 17.7%.
EPS was 65 cents, up from 60 cents in the third quarter of 2023, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of 66 cents.</a>
Distributable Cash Flow was $2 billion for the quarter compared to $1.9 billion a year ago. Adjusted cash flow provided by operating activities was $2.108 billion compared to $2.021 billion a year ago.
Adjusted total gross operating margin contracted by 160 bps to 17.8%. The gross operating margin from the NGL Pipelines &amp; Services segment was $1.3 billion compared to $1.2 billion a year ago.
Natural Gas Pipelines &amp; Services&#8217; gross operating margin was $349 million versus $239 million year over year, and Petrochemical &amp; Refined Products Services&#8217; gross operating margin was $363 million versus $453 million a year ago.
In the quarter, capital investments came in at $1.2 billion, including sustaining capital expenditures of $129 million.
At September-end, the total debt principal outstanding was $32.2 billion; consolidated liquidity was ~$5.6 billion, comprised of available borrowing capacity under its revolving credit facilities and unrestricted cash on hand.
The company repurchased ~$76 million of its common units for the quarter, utilizing $1.1 billion of its authorized $2 billion common unit buyback program.
The company anticipates organic growth capital investments of $3.5 billion to $3.75 billion in 2024.
For 2025, EPD has updated its organic growth capital investment outlook to a range of $3.5 billion to $4.0 billion, reflecting new growth opportunities identified primarily in the Permian Basin through the recent acquisition of Piñon Midstream.
&#8220;Enterprise reported another strong quarter as recently completed organic growth assets generated new sources of earnings and cash flow,&#8221; said A. J. &#8220;Jim&#8221; Teague, co-chief executive officer of Enterprise&#8217;s general partner.
Teague highlighted the recent acquisition of Piñon Midstream, which complements the company&#8217;s Permian processing network and strengthens its NGL value chain by adding treating services in the eastern Delaware Basin.
The company is set to complete two Permian processing plants, the Bahia pipeline, Fractionator 14, the Neches River NGL Export Terminal, and the final phase of the Morgan&#8217;s Point Terminal Flex Expansion by 2025, adding new cash flow sources and strengthening the core NGL value chain.
Price Action: EPD shares are trading lower by 0.19% at $29.09 at the last check Tuesday.
Image via Shutterstock

Equities

Enterprise Products Misses Q3 Estimates, Boosts Cash Flow With New Asset Growth

Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported quarterly earnings of $0.65 per share which missed the analyst consensus estimate of $0.66 by 1.52 percent. This is a 8.33 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $13.775 million which missed the analyst consensus estimate of $13.843 billion by 99.90 percent. This is a 14.81 percent increase over sales of $11.998 million the same period last year.

Earnings Misses

Enterprise Prods Partners Q3 2024 GAAP EPS $0.65 Misses $0.66 Estimate, Sales $13.775M Miss $13.843B Estimate

Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Enterprise Prods Partners will report an earnings per share (EPS) of $0.68.
The announcement from Enterprise Prods Partners is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
The company's EPS missed by $0.02 in the last quarter, leading to a 0.6% drop in the share price on the following day.
Here's a look at Enterprise Prods Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.66</td>
<td>0.67</td>
<td>0.68</td>
<td>0.64</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.64</td>
<td>0.66</td>
<td>0.72</td>
<td>0.60</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730124159_0.png" alt="eps graph" />
<h3>Enterprise Prods Partners Share Price Analysis</h3>
Shares of Enterprise Prods Partners were trading at $29.05 as of October 25. Over the last 52-week period, shares are up 11.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on Enterprise Prods Partners</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Enterprise Prods Partners.
The consensus rating for Enterprise Prods Partners is Buy, derived from 3 analyst ratings. An average one-year price target of $36.0 implies a potential 23.92% upside.
<h3>Comparing Ratings with Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of Williams Companies, ONEOK and Energy Transfer, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>Williams Companies is maintaining an Neutral status according to analysts, with an average 1-year price target of $51.3, indicating a potential 76.59% upside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for ONEOK, with an average 1-year price target of $96.73, implying a potential 232.98% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Energy Transfer, with an average 1-year price target of $21.0, implying a potential 27.71% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary presents essential metrics for Williams Companies, ONEOK and Energy Transfer, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Enterprise Prods Partners</td>
<td>Buy</td>
<td>26.59%</td>
<td>$1.72B</td>
<td>5.00%</td>
</tr>
<tr>
<td>Williams Companies</td>
<td>Neutral</td>
<td>-5.92%</td>
<td>$1.35B</td>
<td>3.25%</td>
</tr>
<tr>
<td>ONEOK</td>
<td>Neutral</td>
<td>31.14%</td>
<td>$1.74B</td>
<td>4.71%</td>
</tr>
<tr>
<td>Energy Transfer</td>
<td>Buy</td>
<td>13.15%</td>
<td>$3.91B</td>
<td>3.37%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Enterprise Prods Partners ranks top in Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is at the bottom compared to its peers.
<h3>Get to Know Enterprise Prods Partners Better</h3>
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.
<h3>Enterprise Prods Partners's Economic Impact: An Analysis</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Enterprise Prods Partners's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 26.59%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 10.32%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Enterprise Prods Partners's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 5.0%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.92%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Enterprise Prods Partners's debt-to-equity ratio is below the industry average. With a ratio of 1.08, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/EPD/earnings">To track all earnings releases for Enterprise Prods Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Enterprise Prods Partners's Earnings Preview

<a href="https://www.globenewswire.com/Tracker?data=naRkgN2EDq6rRasZl5xCaNEbTTFaTiDKA1foNSZBsb8LlCtS92CNfTOhMsGUAMzf6yuLjQ_io759T93GIktixA==">1PointFive</a>, a carbon capture, utilization, and sequestration (CCUS) company, and Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced an agreement for the development of a carbon dioxide (CO2) transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas. 1PointFive, a subsidiary of Occidental, is progressing the development of carbon sequestration hubs that leverage Occidental's 50-year history of managing CO2 to deliver solutions that help advance industrial decarbonization.
Under the Transportation Services Agreement, once 1PointFive provides notice, Enterprise will develop a new pipeline network and provide fee-based transportation services to 1PointFive to transport CO2 emissions captured by third parties at facilities in the vicinity of the Houston Ship Channel to 1PointFive's Bluebonnet Sequestration Hub. The new pipeline network will be co-located with existing pipeline infrastructure.

1PointFive And Enterprise Products Partners Announces An Agreement For The Development Of A Carbon Dioxide Transportation Network To Support The Bluebonnet Sequestration Hub That 1PointFive Is Developing In Southeast Texas

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 4.55% since its last report. The company recently reported that it has 15.32 million shares sold short, which is 1.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729526413_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Enterprise Prods Partners's Recent Short Interest

B of A Securities analyst Jean Ann Salisbury reinstates Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and announces $35 price target.

Initiation

B of A Securities Reinstates Buy on Enterprise Prods Partners, Announces $35 Price Target

RBC Capital analyst Elvira Scotto maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Outperform and raises the price target from $35 to $36.

RBC Capital Maintains Outperform on Enterprise Prods Partners, Raises Price Target to $36

As geopolitical tensions between Iran and Israel escalate, the global energy markets are once again on edge. Recent developments, including Iranian missile strikes on Tel Aviv and Israel&#39;s ground operations in southern Lebanon, have rattled investor confidence. The rising fear that the conflict in the Middle East could disrupt supply from key oil-producing nations has already triggered a surge in oil prices.
The effects of market volatility are generally more subdued for the midstream energy sector, which plays a critical role in transporting and storing oil and natural gas. These companies&#39; operational models are designed to offer stability, largely insulated from fluctuating commodity prices. In the current climate of uncertainty, midstream firms are proving their resilience by maintaining steady revenue streams through long-term contracts, even as oil prices spike.
<h2>Stability in Unstable Times</h2>
Midstream energy companies, which manage essential infrastructure like pipelines and storage facilities, typically operate under long-term &quot;take-or-pay&quot; contracts. These contracts guarantee that shippers, such as oil producers, pay for reserved capacity regardless of how much they use&nbsp;it. This framework ensures that&nbsp;midstream firms receive stable revenues, independent of short-term shifts in oil prices or demand fluctuations.
This unique model allows midstream players to secure predictable cash flows and earnings, even during market turmoil. As oil prices climb due to concerns over supply disruptions, midstream companies can benefit from increased production activity and higher throughput in their pipelines without being directly exposed to the volatility of oil prices.
<h2>Leveraging Oil Price Increases</h2>
While midstream firms are generally insulated from price swings, rising oil prices can still create growth opportunities. In particular, higher oil prices encourage producers to ramp up output, especially in the key U.S. basins like the Permian. This, in turn, drives the volumes transported by midstream companies and boosts the demand for storage services, as producers may choose to hold onto crude until prices peak.
By capitalizing on the increased production and transportation activity, midstream companies can see revenue growth through higher tariffs on their pipelines and enhanced utilization of storage assets.
<h2>Midstream Leaders: EPD, MPLX &amp; HESM</h2>
Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>): With a substantial portion of its revenues coming from long-term, fee-based contracts, EPD remains largely insulated from commodity price volatility. The company&#39;s extensive crude oil pipeline infrastructure, particularly in the Permian Basin, positions it to benefit from increased production activity as oil prices rise.
MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>): Through its strong partnership with Marathon Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpc#NYSE">MPC</a>), MPLX secures consistent revenues via long-term agreements with minimum volume commitments. This predictable income stream, combined with its expansive network of pipelines in key U.S. regions, allows MPLX to capitalize on higher oil prices through increased throughput and demand for storage services.
Hess Midstream (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hesm#NYSE">HESM</a>): Generating nearly all its revenues from long-term, fee-based contracts with Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), Hess Midstream is shielded from commodity price fluctuations. HESM&#39;s predictable income model, combined with increased production by Hess in times of higher oil prices, provides growth opportunities tied to greater volumes across its infrastructure.
<a href="https://www.zacks.com/stock/news/2349423/3-midstream-stocks-poised-to-benefit-as-geopolitical-tensions-rise?cid=CS-BENZ-FT-analyst_blog|industry_focus-2349423">To read this article on Zacks.com click here.</a>

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MPLX

3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise

Enterprise Products Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is currently considered undervalued, trading at a 9.81x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 11.89x.
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While a discount valuation often presents a potentially profitable opportunity for investors, it is essential to investigate whether the partnership is facing any internal challenges. A more comprehensive analysis is required to determine if EPD&#39;s discounted valuation is justified based on its fundamentals, growth prospects and prevailing market conditions.
<h2>EPD&#39;s $7B Key Projects &amp; Handsome Distribution Yield</h2>
Enterprise Products, a top-tier North American midstream service provider, boasts a vast and diversified asset portfolio. This includes more than 50,000 miles of pipelines and a storage capacity of 300 million barrels. These assets are utilized by shippers on long-term contracts to transport and store natural gas liquids, crude oil, refined products and petrochemicals. The partnership also has 14 billion cubic feet of natural gas storage capacity, securing stable fee-based revenues.
Additionally, EPD is set to generate additional fee-based earnings with $6.7 billion worth of major capital projects either currently in service or under construction. These project backlogs will not only secure stable cashflows but will also generate handsome unit-holder returns.
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Image Source: Enterprise Products Partners LP
Supported by its stable and resilient business model, Enterprise Products has achieved 26 consecutive years of distribution hikes. The current distribution yield of the partnership stands at 7.2%, higher than 6.5% of the composite stocks belonging to the&nbsp;industry.
Distribution Yield
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<h2>EPD to Buy Pinon Midstream: Additional Fee-Based Earnings?</h2>
On Aug. 21, Enterprise Products announced an agreement to acquire Pi&ntilde;on Midstream for $950 million in an all-cash transaction. Pi&ntilde;on, a key player in gas gathering, compression and treating, operates in the Delaware Basin, a sub-basin of the Permian.
Once the acquisition of all the equity interests in Pi&ntilde;on is completed, likely in the fourth quarter of this year, Enterprise Products will secure additional fee-based earnings. This is because Pi&ntilde;on&#39;s assets, comprising 50 miles of natural gas gathering pipelines, compressor stations and treating facilities with plans for significant capacity expansion, are backed by long-term fee-based contracts, minimizing exposure to commodity price fluctuations and reducing volume risks.
Pi&ntilde;on operates a premier sour gas treatment system in the Delaware Basin, an area with significant untapped potential. With the acquisition, EPD will be able to establish a significant presence in the basin much faster.
<h2>Should Investors Take a Chance on Undervalued EPD Stock?</h2>
Despite these positive developments, the partnership&#39;s stock is trading at a discount to its true value. Year to date, its units have jumped 17.3%, lagging the industry&#39;s composite stock growth of 24.2%. Prominent midstream companies such as Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) and Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) have also surpassed EPD, achieving gains of 31% and 20.5%, respectively, during the same timeframe.
Year-To-Date Price Chart
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It appears that Enterprise Products has the potential to outperform the industry once the stock market begins to acknowledge its true value. However, there are concerns surrounding the stock, particularly regarding EPD&#39;s rising long-term debt, which is near its highest level in over a decade. This debt is primarily being utilized to finance substantial capital projects, and analysts worry that significant debt reduction may not occur in the near term. Recently, the company issued $2.5 billion in bonds at relatively favorable rates, but current borrowing rates exceed historical averages, resulting in increasingly rapid interest payments.
While EPD is currently undervalued, investors are probably better off not buying the stock until there is greater clarity on the partnership&#39;s future. Those who already own the stock should hold on to it. The stock carries a Zacks Rank #3 (Hold) at present.
Notably, major brokers have increased EPD&#39;s short-term price target by 14.1% from its recent closing price of $29.25, with the highest target set at $37, indicating a potential upside of 26.5%. Consequently, current investors holding their units stand to benefit from this upward price trend in the interim.
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<a href="https://www.zacks.com/stock/news/2342205/is-enterprise-s-cheap-valuation-an-opportunity-to-invest-in-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342205">To read this article on Zacks.com click here.</a>

Is Enterprise's Cheap Valuation an Opportunity to Invest in the Stock?

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 12.5% since its last report. The company recently reported that it has 15.73 million shares sold short, which is 1.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Enterprise Prods Partners's Recent Short Interest

Energy companies on the U.S. Gulf Coast <a href="https://www.benzinga.com/government/24/09/40822108/hurricane-francine-approaches-louisiana-coast-may-become-category-2-storm">suffered minimal damage</a> after Hurricane Francine made landfall on Wednesday as a Category 2 hurricane and weakened as it made its way inland on Thursday.
Shell plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) inspected its manufacturing sites in Geismar and Norco, Louisiana, to ensure the. integrity of its equipment, systems and processes.
&#8220;At this early stage, there does not appear to be serious damage from wind, rain or storm surge at the facilities,&#8221; the company said on Thursday.
&#8220;As always, the safety of our people, the environment and our assets are Shell's top priority.&#8221;
Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) said it had 10,790 customer outages in the southern area of its Mississippi territory, and that outages are expected to fluctuate throughout Thursday as the storm moved through its service area.
&#8220;We have assembled a team of over 1,500 linemen, vegetation workers, damage assessors and support personnel to work with our Entergy teams in the restoration process,&#8221; the company said.
Read Also:<a href="https://www.benzinga.com/markets/equities/24/09/40838076/hurricane-disrupts-ups-deliveries-in-southern-us-details"> Hurricane Disrupts UPS Deliveries In Southern US: Details</a>
 &#8220;We stand ready as Francine continues to impact our service area and are responding by assessing damage and restoring service to our customers where it is safe to do so.&#8221;
Pipeline operator Enterprise Products Partners LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>)&nbsp;on Thursday said its assets in south Louisiana did not sustain any noteworthy damage as a result of the storm, but it did say that some customers lost power, Reuters reported.
&#8220;The main issue at present is a loss of commercial power at locations in the track of the storm. Temporary generators are being deployed where possible and Enterprise is working with electric service providers to prioritize their restoration efforts,&#8221; the company said.
The hurricane weakened Thursday as it headed inland, allowing emergency crews in Lousiana to begin clearing roads while utility workers started restoring electricity, the Associated Press <a href="https://apnews.com/article/francine-tropical-storm-louisiana-gulf-coast-09879999e209ff5e043ef0e4ca7f527f">reported</a>.
At the height of the storm, 450,000 people in Louisiana were without power, according to the state&#8217;s Public Service Commission. Many outages were caused by falling debris.
Hurricane Francine dumped up to six inches of rain in parts of Mississippi, Arkansas, Tennessee and Georgia and up to 10 inches in some areas of Alabama and Florida.
Price Action: Energy companies with facilities on the U.S. Gulf Coast trended upward on Thursday.
<ul>
<li>Shell gained 1.16% to close at $66.98</li>
<li>Entergy picked up 1.09% to end the trading day at $123.55</li>
<li>Enterprise Product Partners edged up 0.79% to close at $29.40</li>
</ul>
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), a manufacturer of generators for homes and businesses, declined 1.76% to $140.68 on Thursday. 
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">Storm Debby Headed For NYC, Highly Populated Areas As &#8216;Catastrophic Flooding&#8217; Persists</a></li>
</ul>
Photo: Courtesy NOAA

GNRC

SHEL

Energy Companies Sustain Minimal Damages As Hurricane Francine Weakens Inland

Enterprise Products Says The Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible; Working With Electric Service Providers To Prioritize Their Restoration Efforts

Enterprise Products Partners Says Initial Assessments Indicate That Co's Assets Fared Well During Storm Francine And Sustained No Noteworthy Damage; "Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible"; Personnel, Equipment Have Been Mobilized And Re-entry Teams Are In Process Of Assessing Damage In Preparation For Clean-up, Resuming Operations

Enterprise To Acquire Piñon Midstream For $950M In Cash Consideration

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 10.78% since its last report. The company recently reported that it has 13.32 million shares sold short, which is 0.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723234523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Truist Securities analyst Neal Dingmann maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $35 to $37.

Truist Securities Maintains Buy on Enterprise Prods Partners, Raises Price Target to $37

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported second-quarter fiscal 2024 sales growth of 26.6% year over year to $13.48 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031518/enterprise-reports-results-for-second-quarter-2024" rel="noreferrer noopener">missing the consensus of $14.27 billion.</a>
Adjusted EBITDA rose to $2.39 billion from $2.17 billion a year ago, and the margin contracted by 266 bps to 17.7%.
EPS was 64 cents, up from 57 cents in the second quarter of 2023, <a href="https://www.benzinga.com/earnings">missing the consensus of 65 cents.</a>
Distributable Cash Flow was $1.812 billion for the quarters compared to $1.735 billion a year ago. Adjusted cash flow provided by operating activities was $2.065 billion compared to $1.886 billion in the second quarter of 2023.
Adjusted total gross operating margin contracted by 260 bps to 17.9%.
The gross operating margin from the NGL Pipelines &amp; Services segment was $1.3 billion compared to $1.1 billion a year ago.
Natural Gas Pipelines &amp; Services gross operating was $293 million versus $238 million YoY; Petrochemical &amp; Refined Products Services gross operating margin was $392 million versus $383 million a year ago.
In the quarter, capital investments came in at $1.3 billion, including sustaining capital expenditures of $245 million.
Total debt principal outstanding at June-end was $30.6 billion; consolidated liquidity was ~$3.4 billion, comprised of available borrowing capacity under its revolving credit facilities and unrestricted cash on hand.
&#8220;Even though the second quarter is typically our seasonally weakest quarter, the partnership handled a near record 12.6 million BPD of equivalent pipeline volumes and 2.2 million BPD of marine terminal volumes, as well as record fee-based natural gas processing, NGL pipeline and NGL fractionation volumes,&#8221; commented A. J. &#8220;Jim&#8221; Teague, co-chief executive officer of Enterprise&#8217;s general partner.
&#8220;The partnership has $6.7 billion of fee-based growth projects under construction that provide visibility to future earnings and cash flow growth,&#8221; stated Teague.
The company repurchased ~$40 million of its common units for the quarter, utilizing 50% of its authorized $2 billion common unit buyback program.
The company expects organic growth capital investments of $3.5 billion to $3.75 billion in 2024 and $3.25 billion to $3.75 billion in 2025. It sees sustaining capital expenditures of $600 million in 2024.
Additionally, Enterprise Products Partners announced an expansion of the Houston Ship Channel facility, increasing propane and butane export capacity by 300,000 BPD. The expanded service <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031767/enterprise-expanding-houston-ship-channel-export-facility" rel="noreferrer noopener">is expected to begin by the end of 2026.</a>
The need for increased LPG capacity at EHT is driven by Enterprise&#8217;s success at Neches River Terminal.
Price Action: EPD shares are trading lower by 1.36% at $29.30 at the last check Tuesday.

Enterprise Products Misses Q2 Estimates, Plans Houston Ship Channel Expansion

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced that it is moving forward with a key expansion project along the Houston Ship Channel in response to continued strong customer demand for natural gas liquids export capacity. At the Enterprise Hydrocarbons Terminal (&quot;EHT&quot;), the company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 barrels per day (&quot;BPD&quot;). In addition to providing incremental capacity for liquefied petroleum gas (&quot;LPG&quot;), the expansion will increase instantaneous loading rates for propane and butane, while making additional capacity available for propylene exports. The expanded service is expected to begin by the end of 2026.
The need for increased LPG capacity at EHT is being driven by the success Enterprise has had in contracting the company&#39;s flexible product capacity at its Neches River Terminal (&quot;NRT&quot;) being developed in Orange County, Texas, adjacent to the company&#39;s Beaumont East refined products terminal. Phase 1 of the NRT buildout includes the addition of a new loading dock, an ethane refrigeration train with a nameplate capacity of 120,000 BPD, and a 900,000-barrel refrigerated tank that will accommodate loading rates up to 45,000 barrels per hour. Phase 1 is expected to begin service in the second half of 2025.
Phase 2 includes a second refrigeration train that will allow Enterprise to load up to 180,000 BPD of ethane, 360,000 BPD of propane, or a combination of the two. The second phase is expected to begin service in the first half of 2026.
Growth capital associated with the EHT and NRT projects fits within the company&#39;s existing forecasted growth capital expenditure ranges for 2024-2026.

Enterprise Products Partners Boosts Propane and Butane Exports with Houston Terminal Expansion

Enterprise Products Partners Q3: AI Energy Demand In Focus

Enterprise Products Partners Q3: Nothing Has Changed, Still My Favorite MLP

The outlook for oil demand growth appears promising despite economic uncertainties and worldwide supply deficit. Amid this, investing in quality oil stocks Enterprise Products Partners (EPD), Marathon Oil (MRO), and Plains All American Pipeline (PAA) could be ideal as global demand rebounds. Read more... Amid the concerning market conditions caused by the Middle East tensions, crude oil prices are projected to hike strongly in the coming period. This is due to the current supply deficit and increasing withdrawals from oil inventories, pushing prices to record levels and causing high volatility and uncertainties.
Given the industry tailwinds, it could be wise to buy fundamentally solid oil stocks Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), Marathon Oil Corporation (<a href="https://stocknews.com/stock/MRO/">MRO</a>), and Plains All American Pipeline, L.P. (<a href="https://stocknews.com/stock/PAA/">PAA</a>) with high upside potential.
The Organization of Petroleum Exporting Countries (OPEC) maintained its bullish view on global oil demand growth in its recent <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">World Oil Outlook for 2024</a>, forecasting robust growth as far ahead as 2050. The oil producer group predicted strong energy demand growth of 24% globally between 2024 and 2050.
The organization also forecasted robust medium-term growth in oil demand, totaling over 112.3 million barrels per day in 2029, indicating an increase of 10.1 million barrels per day as compared to 2023.
This indication was further supported by predictions from the <a href="https://www.reuters.com/business/energy/us-eia-lifts-oil-demand-forecast-says-prices-will-recover-above-80bbl-2024-09-10/">U.S. Energy Information Administration (EIA)</a> on global oil demand. According to EIA, demand will expand at a higher pace, reaching new record levels this year. The ongoing supply restraints will result in increased withdrawals of oil from global stockpiles, likely to further Brent crude prices back above $80 a barrel.
Besides, concerns over declines in oil inventories and OPEC+ members' decision to delay production increases until December 2024 are majorly affecting the market. The <a href="https://www.eia.gov/outlooks/steo/report/global_oil.php">Brent spot price increased to $79/b on October 4</a>, reflecting a surge of 11% from a week earlier.
Given the industry's bright prospects, investing in fundamentally strong energy stocks EPD, MRO, and PAA could be wise.
Let's discuss the fundamentals of these stocks in detail:
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines &amp; Services; Crude Oil Pipelines &amp; Services; Natural Gas Pipelines &amp; Services; and Petrochemical &amp; Refined Products Services.
On October 29, EPD announced the completion of the second phase of its Texas Western Products system. Located in Grand County, Utah, the facility is a refined products truck terminal serving the Grand Junction, Colorado, and Moab, Utah, areas. It has a storage capacity of 400,000 barrels for gasoline and diesel and can load trucks at a rate of up to 20,000 bpd.
On October 28, EPD completed its previously announced acquisition of Piñon Midstream, LLC. EPD purchased Piñon Midstream for $950 million in cash consideration as part of a debt-free transaction.
The assets acquired under the transaction, including natural gas gathering and treating services, will expand EPD's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico.
During the third quarter of 2024, which ended on September 30, 2024, EPD's total revenues increased 14.8% year-over-year to $13.78 billion. Its operating income rose 5% year-over-year to $1.78 billion. The company's net income attributable to common unitholders amounted to $1.42 billion or $0.65 per unit, up 7.5% and 8.3% from the prior year's quarter, respectively.
Furthermore, the company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose 4.9% from the year-ago value to $2.44 billion.
The consensus revenue estimate of $14.85 billion for the first quarter (ending March 2025) represents a 0.6% increase year-over-year. The consensus EPS estimate of $0.70 for the same quarter indicates a 3.8% improvement year-over-year. Moreover, the company surpassed the consensus revenue estimates in three of the trailing four quarters.
EPD's stock has gained 1.9% over the past six months and 10.2% over the past year to close the last trading session at $29.14. Wall Street analysts expect the stock to hit $34 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/epd/forecast">upside of 16.80%</a>.
EPD's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
EPD has a B grade for Growth, Value, Momentum, and Stability. It is ranked #6 out of 23 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have EPD ratings for Sentiment and Quality. Get all EPD ratings <a href="https://stocknews.com/stock/EPD/">here</a>.
Marathon Oil Corporation (<a href="https://stocknews.com/stock/MRO/">MRO</a>)
MRO is an independent exploration and production company that engages in international exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas. It also produces and markets products manufactured from natural gas, like liquefied natural gas and methanol.
On August 29, MRO received the necessary stockholder approval for its pending merger with ConocoPhillips (<a href="https://stocknews.com/stock/COP/">COP</a>). The companies will continue the transaction to close late in the fourth quarter of 2024.
On July 31, MRO's Board of Directors declared a dividend of $0.11 per share on the company's common stock. The dividend was paid on September 10, 2024, to stockholders of record on August 21, 2024.
MRO's annual dividend of $0.44 translates to a yield of 1.69% at the current share price. Its four-year average dividend yield is 1.25%. And the company's dividend payouts have increased at a CAGR of 43.2% over the past three years.
During the second quarter that ended June 30, 2024, MRO's total revenues and other income increased 12.8% year-over-year to $1.71 billion. Its income from operations grew 15.2% from the year-ago value to $523 million. The company's adjusted net income came in at $357 million and $0.63 per share, up 21% and 31.2% from the prior year's quarter, respectively.
Also, the company's adjusted free cash flow was $364 million for the period.
Analysts expect MRO's revenue and EPS for the first quarter (ending March 2025) to grow 5% and 2.7% year-over-year to $1.63 billion and $0.56, respectively. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of MRO have plunged 6.6% over the past six months to close the last trading session at $16.93. Wall Street analysts expect the stock to hit $30.54 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/mro/forecast">upside of 17.69%</a>.
MRO's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Quality. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, MRO is ranked #21 on the list of 81 stocks.
<a href="https://stocknews.com/stock/MRO/">Click here</a> to access additional ratings of MRO for Sentiment, Growth, Value, Momentum, and Stability.
Plains All American Pipeline, L.P. (<a href="https://stocknews.com/stock/PAA/">PAA</a>)
PAA engages in the pipeline transportation, terminaling, storage, and gathering crude oil and natural gas liquids (NGL). The company operates through two segments: Crude Oil and NGL.
On October 2, PAA and Plains GP Holdings (<a href="https://stocknews.com/stock/PAGP/">PAGP</a>) announced their quarterly distributions for the third quarter of 2024 in the following manner: PAA Common Units – $0.32 per unit, PAGP class A shares – $0.32 per share, PAA series A preferred units – $0.61 per unit, and PAA series B preferred units - $24.25 per unit.
PAA pays an annual distribution of $1.27, which translates to a yield of 7.58% at the current share price. Its four-year average dividend yield is 7.26%. Moreover, the company's dividend payouts have increased at a CAGR of 19.2% over the past three years.
PAA's revenues increased 11.5% year-over-year to $12.93 billion for the second quarter that ended June 30, 2024. Adjusted net income attributable to PAA was $288 million, or $0.31 per common unit, indicating increases of 18.5% and 24% from the prior year's quarter, respectively.
In addition, the company's adjusted EBITDA rose 15.3% year-over-year to $807 million.
Analysts expect PAA's revenue for the third quarter (ended September 2024) to increase 8.3% year-over-year to $13.07 billion. The company's revenue for the fiscal year 2024 is expected to increase 6.1% year-over-year to $51.70 billion. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
PAA's stock has surged 12.4% over the past year to close the last trading session at $16.76. Wall Street analysts expect the stock to hit $19.14 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/paa/forecast">upside of 15.14%</a>.
PAA's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth. It also has a B grade for Value, Momentum, and Stability. PAA is ranked #5 among 23 stocks in the A-rated MLPs – Oil &amp; Gas industry.
<a href="https://stocknews.com/stock/PAA/">Click here</a> to access PAA's ratings for Sentiment and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
EPD shares rose $0.07 (+0.24%) in after-hours trading Tuesday. Year-to-date, EPD has gained 16.65%, versus a 23.55% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/epd-mro-paa-pagp-cop-3-oil-stocks-with-high-upside-as-global-demand-rebounds/>3 Oil Stocks With High Upside as Global Demand Rebounds</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil Stocks With High Upside as Global Demand Rebounds

CDT Insider Sentiment October 2024: Fasten Your Seatbelt

In times of market uncertainties, high-dividend yield stocks are ideal investment choices for their qualities like stable passive income, protection against inflation, and price appreciation. Thus, investors could consider fundamentally sound, high dividend yield stocks Verizon Communications (VZ), Pfizer (PFE), and Enterprise Products Partners (EPD) for steady passive income. Read more... High-dividend yield stocks allure investors with attractive yield levels, regular income streams, and growth potential in the long run. These stocks also have the potential to optimize investment portfolios against economic volatility and offer wide long-term growth prospects.
Against this backdrop, it could be wise to invest in fundamentally strong high dividend yield stocks Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>), Pfizer Inc. (<a href="https://stocknews.com/stock/PFE/">PFE</a>), and Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>) could be ideal buys for steady passive income.
The U.S. economy shows mixed signals, urging investors to seek stable investment alternatives. Amid this, high dividend yield stocks stand out as they offer a combination of reliable income and gradual capital appreciation, suitable for investors seeking passive income and protection from economic volatility.
During the third quarter, the <a href="https://www.bea.gov/news/2024/gross-domestic-product-third-quarter-2024-advance-estimate">U.S. economy's real gross domestic product</a> increased at an annual rate of 2.8%, according to the "advance" estimate of the U.S. Bureau of Economic Analysis. The growth in the current quarter was propelled by solid consumer spending and favorable government spending. The growth was lower than the second quarter real GDP of 3.0%.
The GDP growth was also below the 3.1% estimate of economists. Further, continuous import growth, outpacing export growth, contributes to the economic slowdown. <a href="https://www.conference-board.org/brief/global-economy/gdp-q3-2024#:~:text=Real%20GDP%20growth%20remained%20healthy,anticipated%20roughly%203%20percent%20growth.">For the fourth quarter</a>, the real GDP growth is also expected to be slow as hurricane effects and inventory destocking limited the expansion. Also, speculation of another rate cut and inflation continue to be a concern.
Therefore, against the economic uncertainties, high-dividend yield stocks pose a bright investment prospect for investors. The benefit of dividends makes a stock more appealing to investors, providing potential for regular dividend earnings and capital appreciation. Also, investing in high dividend-yield stocks ensures that the company is performing well financially.
Given the economic trends, investing in high dividend yield stocks with dividend yield above 5%, such as VZ, PFE, and EPD, could be wise for future gains.
Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>)
VZ offers international communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities. The company operates through Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments.
On October 24, VZ launched its new app, Verizon Family, a digital service that helps families stay connected and safe. The app helps in monitoring a family's location, is built with new features like Safe Walk with an SOS button to contact a family member in an emergency, and even keeps an eye on children's Verizon calls and texts.
The new Verizon family app enhances family safety and is currently available for free to VZ customers on any postpaid plan via the App Store and Google Play.
On October 23, Verizon Frontline launched two new deployable asset prototypes designed to support the mission-critical communications needs of first responders during public safety operations. The two new Verizon Frontline prototype assets are capable of establishing their own off-grid network, allowing first responders to communicate with each other in challenging situations.
Also, on September 4, VZ increased its quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> by 1.25 cents to $0.6775 per share, paid to its shareholders on November 1, 2024.
VZ has raised its annual dividend for 20 consecutive years. It pays an annual dividend of $2.71, which translates to a yield of 6.55% at the current share price. Its four-year average dividend yield is 5.87%. Moreover, the company's dividend payouts have increased at an impressive CAGR of 1.9% over the past three years.
For the third quarter that ended September 30, 2024, VZ reported total operating revenues of $33.33 billion, and its operating income came in at $5.93 billion for the same period. The company's net income and EPS totaled $3.41 billion and $0.78 for the quarter.
Furthermore, the company's cash and cash equivalents stood at $4.99 billion as of September 30, 2024, compared to $2.06 billion as of December 31, 2023.
Analysts expect VZ's revenue and EPS for the fourth quarter (ending December 2024) to grow 0.9% and 2.9% year-over-year to $35.45 billion and $1.11, respectively. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of VZ have surged 5.5% over the past six months and 16.8% over the past year to close the last trading session at $41.36.
VZ's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
VZ has a B grade for Growth and Stability. It is ranked #4 out of 20 stocks in the C-rated <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry.
In addition to the POWR Ratings we've stated above, we also have VZ ratings for Quality, Momentum, Value, and Sentiment. Get all VZ ratings <a href="https://stocknews.com/stock/VZ/">here</a>.
Pfizer Inc. (<a href="https://stocknews.com/stock/PFE/">PFE</a>)
PFE discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products internationally. The company provides medicines and vaccines in various therapeutic areas, like cardiovascular metabolic, migraine, and women's health, under the Eliquis, Nurtec ODT/Vydura, Zavzpret, and Premarin family brands.
On October 22, PFE announced that the U.S. FDA approved its ABRYSVO&#xAE; (Respiratory Syncytial Virus Vaccine), a bivalent RSV prefusion F (RSVpreF) vaccine for preventing lower respiratory tract disease (LRTD) caused by RSV in individuals between 18 and 59 years of age.
The approval is based on data from the pivotal Phase 3 trial. ABRYSVO offers the broadest indication of the RSV vaccine in adults. It is the first and only respiratory syncytial virus vaccine for adults younger than 50. The indication has been expanded to benefit older adults and pregnant women.
On October 11, PFE received FDA approval for HYMPAVZI&#x2122; (marstacimab-hncq) for routine prophylaxis to prevent or reduce the frequency of bleeding episodes in adults and pediatric patients 12 years of age and older with hemophilia A.
The approval of HYMPAVZI marked a significant advancement for people living with hemophilia A or B without inhibitors for bleed prevention.
On October 9, PFR's Board of Directors declared a $0.42 fourth-quarter 2024 dividend on its common stock, payable on December 2, 2024, to holders of record at the close of business on November 8, 2024.
PFE pays an annual dividend of $1.68, which translates to a yield of 5.98% at the current share price. Its four-year average dividend yield is 4.24%. Moreover, the company's dividend payouts have increased at a CAGR of 4.4% over the past five years. PFE has raised its dividend for 13 consecutive years.
In the third quarter that ended September 29, 2024, PFE's total revenues increased 31.2% year-over-year to $17.70 billion, of which its product revenues grew 33.1% from the year-ago value to $15.42 billion. The company's adjusted net income and adjusted EPS came in at $6.05 billion and $1.06 for the quarter, respectively.
Buoyed by strong financial performance, the company raised its full-year 2024 revenue guidance to a range of $61 billion to $64 billion from the prior range of $59.50 to $62.50 billion. It also raised its adjusted EPS guidance to a $2.75 to $2.95 range.
Street expects PFE's revenue and EPS for the fourth quarter (ending December 2024) to increase 22.1% and 362.8% year-over-year to $17.40 billion and $0.46, respectively. Furthermore, the company topped the consensus EPS estimates in all four trailing quarters.
PFE's stock has surged 3.4% over the past six months to close the last trading session at $28.09.
PFE's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Growth. PFE also has a B grade for Value. PFE is ranked #32 among 161 stocks in the <a href="https://stocknews.com/category/pharmaceuticals/">Medical - Pharmaceuticals</a> industry.
<a href="https://stocknews.com/stock/PFE/">Click here</a> to access PFE's ratings for Quality, Momentum, Stability, and Sentiment.
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD offers midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines &amp; Services; Crude Oil Pipelines &amp; Services; Natural Gas Pipelines &amp; Services; and Petrochemical &amp; Refined Products Services.
On October 29, EPD completed the second phase of its Texas Western Products system. Located in Grand County, Utah, the facility is a refined products truck terminal serving the Grand Junction, Colorado, and Moab, Utah areas. The facility has a storage capacity of 400,000 barrels for gasoline and diesel and can load trucks at a rate of up to 20,000 bpd.
On October 28, EPD completed the acquisition of Piñon Midstream, LLC. EPD purchased Piñon Midstream for $950 million in cash consideration as part of a debt-free transaction. The assets acquired under the transaction, including natural gas gathering and treating services, expanded EPD's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico.
Also, on October 2, EPD's Board of Directors declared a quarterly cash distribution to be paid to common unitholders for the third quarter of 2024 of $0.525 per unit. The distribution represents a 5% increase over the distribution declared last year. The distribution will be paid on November 14, 2024, to common unitholders of record as of the close of business on October 31, 2024.
EPD's annual distribution of $2.10 translates to a yield of 7.29% at the current unit price. Its four-year average dividend yield is 7.53%. Also, the company's dividend payouts have increased at a CAGR of 4.9% over the past three years. EPD has raised its dividend for 26 consecutive years.
During the third quarter of 2024, which ended September 30, 2024, EPD's total revenues increased 14.8% from the prior year period to $13.78 billion. Its operating income grew 5% from the year-ago value to $1.78 billion. The company's net income attributable to common unitholders amounted to $1.42 billion or $0.65 per unit, up 7.5% and 8.3% year-over-year, respectively.
In addition, the company's adjusted EBITDA rose 4.9% from the year-ago value to $2.44 billion.
Street expects EPD's EPS for the first quarter (ending March 2025) to increase 4.5% year-over-year to $0.70, and its revenue for the same quarter is expected to grow marginally year-over-year to $14.85 billion. Also, the company has surpassed the consensus EPS estimates in three of the trailing four quarters.
EPD's stock has gained 3.9% over the past six months and 11% over the past year to close the last trading session at $28.82.
EPD's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Value, Momentum, and Stability. Within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs – Oil &amp; Gas</a> industry, EPD is ranked #5 among 23 stocks.
<a href="https://stocknews.com/stock/EPD/">Click here</a> to access additional EPD ratings for Sentiment, Growth, and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
&nbsp;

<hr />
VZ shares were unchanged in after-hours trading Monday. Year-to-date, VZ has gained 16.17%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/vz-pfe-epd-3-high-yield-dividend-stocks-to-buy-for-steady-passive-income/>3 High-Yield Dividend Stocks to Buy for Steady Passive Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Yield Dividend Stocks to Buy for Steady Passive Income

Structuring Portfolio To Achieve Durable 7% Yield With 7% Income Growth

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14% Dividend Yields: 1 To Buy And 1 To Sell

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