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Enterprise Products Partners LP (EPD)

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Upturn Advisory Summary
01/09/2026: EPD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $35.89
1 Year Target Price $35.89
| 9 | Strong Buy |
| 4 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.27% | Avg. Invested days 61 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 68.98B USD | Price to earnings Ratio 12.07 | 1Y Target Price 35.89 |
Price to earnings Ratio 12.07 | 1Y Target Price 35.89 | ||
Volume (30-day avg) 19 | Beta 0.58 | 52 Weeks Range 26.35 - 32.95 | Updated Date 01/9/2026 |
52 Weeks Range 26.35 - 32.95 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 6.81% | Basic EPS (TTM) 2.64 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.92% | Operating Margin (TTM) 13.42% |
Management Effectiveness
Return on Assets (TTM) 5.61% | Return on Equity (TTM) 19.72% |
Valuation
Trailing PE 12.07 | Forward PE 11.14 | Enterprise Value 102295408653 | Price to Sales(TTM) 1.3 |
Enterprise Value 102295408653 | Price to Sales(TTM) 1.3 | ||
Enterprise Value to Revenue 1.93 | Enterprise Value to EBITDA 10.72 | Shares Outstanding 2163321050 | Shares Floating 1450939428 |
Shares Outstanding 2163321050 | Shares Floating 1450939428 | ||
Percent Insiders 32.93 | Percent Institutions 25.43 |
Upturn AI SWOT
Enterprise Products Partners LP

Company Overview
History and Background
Enterprise Products Partners L.P. (EPD) was founded in 1968 as a propane retailer. It has since evolved into a leading midstream energy company, focusing on the transportation, storage, processing, and marketing of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. A significant milestone was its initial public offering (IPO) in 2001. The company has grown through a series of strategic acquisitions and organic expansions, solidifying its position as a vital link in the North American energy infrastructure.
Core Business Areas
- Midstream Services: Provides essential infrastructure and services for the transportation, storage, and processing of energy commodities, connecting producers to consumers.
- NGL Logistics: Specializes in the gathering, transportation, fractionation, and storage of natural gas liquids, a key component in petrochemicals and fuels.
- Crude Oil Logistics: Operates pipelines, terminals, and storage facilities for the movement and storage of crude oil from production basins to refineries and export terminals.
- Refined Products and Petrochemicals: Transports, stores, and markets refined products like gasoline and diesel, as well as petrochemicals used in various industrial applications.
Leadership and Structure
Enterprise Products Partners L.P. is a master limited partnership (MLP) with a management team led by Richard B. Cutshall (Chief Executive Officer) and W. Randy Fowler (Chief Operating Officer). The company operates through various subsidiaries and divisions, managing its extensive network of pipelines, storage facilities, and processing plants.
Top Products and Market Share
Key Offerings
- Natural Gas Liquids (NGLs) Transportation and Storage: EPD provides extensive NGL pipeline and storage services, crucial for moving NGLs from production areas to fractionation facilities and end-users. Competitors include other midstream companies like Kinder Morgan (KMI), Energy Transfer (ET), and Plains All American (PAA).
- Crude Oil Pipelines and Terminals: EPD offers comprehensive crude oil logistics, including pipeline transportation and storage, connecting oil producers to refineries and export markets. Key competitors in this segment are similar to NGLs: Kinder Morgan (KMI), Energy Transfer (ET), and Plains All American (PAA).
- Petrochemical Feedstock Supply: EPD transports and stores various petrochemical feedstocks, serving a critical role in the chemical industry. Competitors include other diversified midstream operators and specialized petrochemical logistics providers.
Market Dynamics
Industry Overview
The midstream energy sector is characterized by its essential role in connecting energy production to consumption. It is heavily influenced by commodity prices, regulatory environments, and the pace of energy development. The industry is undergoing a transition with increasing focus on NGLs, petrochemical feedstocks, and export capabilities, while facing scrutiny regarding environmental impact and long-term fossil fuel demand.
Positioning
Enterprise Products Partners L.P. is a dominant player in the midstream sector, boasting one of the most integrated and diverse networks in North America. Its strengths lie in its extensive infrastructure, strategic asset locations, long-term fee-based contracts, and strong relationships with producers and customers. This provides significant competitive advantages in terms of reliability, scale, and cost-effectiveness.
Total Addressable Market (TAM)
The total addressable market for midstream services in North America is substantial, encompassing the entire volume of crude oil, NGLs, natural gas, and refined products produced and consumed. EPD is well-positioned to capture a significant portion of this TAM through its broad asset base and diversified service offerings.
Upturn SWOT Analysis
Strengths
- Extensive and integrated midstream infrastructure network.
- Strong and stable fee-based revenue streams from long-term contracts.
- Diversified portfolio of energy commodities and services.
- Strategic locations of assets near major production basins and demand centers.
- Experienced management team with a proven track record.
Weaknesses
- Exposure to commodity price volatility indirectly through customer volumes.
- High capital intensity of infrastructure projects.
- Potential for regulatory changes affecting pipeline operations.
- Dependence on continued production growth in key basins.
Opportunities
- Growth in NGL production and demand for petrochemical feedstocks.
- Increased crude oil and NGL exports to international markets.
- Expansion of pipeline networks to new production areas.
- Potential for acquisitions to broaden service offerings and geographic reach.
- Investments in lower-carbon energy solutions and technologies.
Threats
- Decreased energy production due to lower commodity prices or regulatory constraints.
- Increased competition from other midstream operators.
- Stringent environmental regulations and potential for litigation.
- Shifts in energy policy and public sentiment towards fossil fuels.
- Interest rate hikes impacting financing costs for new projects.
Competitors and Market Share
Key Competitors
- Kinder Morgan Inc. (KMI)
- Energy Transfer LP (ET)
- Plains All American Pipeline, L.P. (PAA)
- TC Energy Corporation (TRP)
Competitive Landscape
EPD's competitive advantages stem from its vast and integrated network, its strong fee-based revenue model, and its strategic asset locations. While competitors like KMI, ET, and PAA offer similar services, EPD's comprehensive portfolio and focus on NGLs and petrochemicals differentiate it. The company's ability to execute complex projects and maintain operational excellence is a key differentiator.
Major Acquisitions
SemGroup Corporation
- Year: 2019
- Acquisition Price (USD millions): 2400
- Strategic Rationale: Acquisition of SemGroup's assets, including its crude oil pipeline system in the U.S. Rockies and Mid-Continent, significantly expanded EPD's crude oil gathering and transportation capabilities and provided access to new markets.
Growth Trajectory and Initiatives
Historical Growth: EPD has exhibited a consistent historical growth trajectory, driven by its strategic expansion of midstream infrastructure, successful integration of acquisitions, and increasing demand for its services in key energy basins.
Future Projections: Analyst estimates for EPD's future growth are generally positive, projecting continued expansion in NGLs, petrochemicals, and export volumes. Investments in new pipelines, terminals, and processing facilities are expected to fuel this growth.
Recent Initiatives: Recent initiatives by EPD have included expanding its export capabilities, investing in NGL and petrochemical infrastructure, and optimizing its existing asset base to enhance efficiency and profitability. The company also remains opportunistic for strategic acquisitions.
Summary
Enterprise Products Partners LP is a strong and well-established midstream energy company with a robust infrastructure network and a diversified portfolio of services. Its fee-based revenue model provides stability and predictability, while its strategic positioning in key energy basins offers significant growth opportunities, particularly in NGLs and petrochemicals. The company's consistent dividend payouts and historical financial performance indicate a healthy business. However, it must navigate potential threats from regulatory changes and the broader energy transition.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Enterprise Products Partners LP Investor Relations
- Company Annual Reports (10-K)
- Financial Data Providers (e.g., Refinitiv, Bloomberg)
- Industry Analysis Reports
Disclaimers:
This information is for informational purposes only and should not be considered financial advice. Market share percentages are estimates and may vary based on methodology and reporting periods. Competitor data is based on publicly available information and industry estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Enterprise Products Partners LP
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 1998-07-28 | Co-CEO & Director of Enterprise Products Holdings LLC Mr. A. James Teague | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees - | |
Full time employees - | |||
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing activities. This segment operates natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of approximately 225 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and transports, stores, and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation facilities, including propylene fractionation units and propane dehydrogenation facilities, and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement, isobutane dehydrogenation, and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals; and provides refined products marketing and marine transportation services. Enterprise Products Partners L.P. was founded in 1968 and is headquartered in Houston, Texas.

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