Published on 3 May 2024 on Zacks via Yahoo Finance
Enterprise Products Partners LP EPD is a leading midstream energy player with low exposure to volume and price risks. The Zacks Consensus Estimate for the partnership’s 2024 earnings per unit is pegged at $2.70, indicating a year-over-year increase of almost 7%.
Factors Working in Favor
Enterprise Products, which currently carries a Zacks Rank #2 (Buy), has a stable business model and is not significantly exposed to the volatility in oil and gas prices. It generates stable fee-based revenues from its extensive pipeline network spread across more than 50,000 miles, transporting natural gas, natural gas liquids (NGLs), crude oil petrochemicals and refined products.