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Enterprise Products Partners LP - Stock Quote EPD

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Morningstar's Enterprise Products Partners LP Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat

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Enterprise Products Partners' Marketing Operations Should Perform Better Than Expected in 2022

Stephen Ellis Sector Strategist

Business Strategy and Outlook

| Stephen Ellis |

Enterprise's asset and geographical diversity allow it to pursue growth in virtually any environment. In the current spending environment, the pivot is toward petrochemicals. It can aggregate supply of every type of hydrocarbon from multiple sources in major producing basins and deliver it to multiple end markets (refiners, petrochemicals, exports). Its robust marketing operations let it clip transaction-fee like earnings during volatile oil and gas markets, like we saw with winter storm Uri in 2021. With the current extreme volatility in 2022 across the oil, gas, and natural gas liquids markets, we expect the marketing unit to do well.

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Enterprise Products Partners LP's Company Profile

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.

Contact
1100 Louisiana Street, 10th Floor
Houston, TX, 77002
T +1 713 381-6500
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees

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