Enterprise Products Partners L.P. (EPD)

In Q2 2025, Enterprise reported a revenue decline but increased net income and distributions. The company acquired Occidental's natural gas gathering affiliate in the Midland Basin. Q3 2025 EPS missed estimates, but revenue exceeded expectations. A $5.00 billion stock repurchase program was approved. Enterprise agreed to sell a 40% joint interest in its Bahia NGL pipeline to ExxonMobil. A $1.65 billion senior notes offering was priced. Michael C. "Tug" Hanley was appointed as executive vice president and chief commercial officer. The company has $5.1 billion to $6 billion in major capital projects under construction. Analysts have a "Moderate Buy" consensus rating for EPD, with an average price target of $36.00.

Enterprise Products Partners experiences less commodity price seasonality due to its fee-based business model, but natural gas processing and NGL business lines have some exposure. Natural gas prices peak in the fall and early winter, while NGL demand increases in September/October and throughout the winter. Gasoline prices typically rise in the spring and summer months. Enterprise is positioned to benefit from rising global gas and power demand.

Enterprise Products Partners LP, headquartered in Houston, Texas, operates in the Oil & Gas Midstream sector. The company provides midstream energy services for natural gas, NGLs, crude oil, refined products, and petrochemicals, including gathering, processing, transportation, and storage.

Enterprise Products Partners has an extensive energy infrastructure network across North America, servicing most producing regions in the continental United States. The company manages approximately 49,300 to over 50,000 miles of pipelines, with operations in the Permian Basin, Gulf Coast, Texas, Louisiana, Colorado, and New Mexico.

Within the past year, there have been no prominent reports of events that have negatively impacted the company's brand reputation. The company emphasizes its commitment to safe, efficient, and sustainable operations.

Enterprise Products Partners' ownership includes institutional, retail, and individual investors. The Duncan family holds a significant stake, with Randa Duncan Williams being the largest individual shareholder. Major institutional owners include Alps Advisors Inc, AMLP - ALERIAN MLP ETF, Invesco Ltd., Blackstone Group Inc, Morgan Stanley, Fayez Sarofim & Co, American Century Companies Inc, Goldman Sachs Group Inc, and Neuberger Berman Group LLC.