Blog

Shares of energy pipeline companies were broadly higher Monday, in the aftermath of the ransomware attack on Colonial Pipeline, even as crude oil futures reversed earlier gains to trade lower. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains 14 digit account number dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it’s important to know a company’s potential revenue growth.

This is a positive change from the stock’s previous quarterly dividend of $0.49. For the next fiscal year, the consensus earnings estimate of $2.64 indicates a change of +4.9% from what Enterprise Products is expected to report a year ago. Over the last four quarters, Enterprise Products surpassed consensus EPS estimates three times.

Enterprise Products Partners (EPD) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of EPD stock can currently be purchased for approximately $26.93. Sign-up to receive the latest news and ratings for Enterprise Products Partners and its competitors with MarketBeat’s FREE daily newsletter.

Q3 2023 EPS Estimate Trends

U.S. hydrocarbons remain badly needed to support countries who live in energy poverty, and to support our closest friends or allies in Europe who are in energy crisis. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Enterprise Products Partners’s most recent quarterly dividend payment of $0.50 per share was made to shareholders on Monday, August 14, 2023.

• Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
• Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
• It has strong fundamentals and a good growth outlook, with increasing need for U.S. hydrocarbons in Europe and Asia.
• As of 2022, the company could store 177 million barrels of NGL and 760 million cubic meters of natural gas.

These master limited partnerships have excellent track records of paying dividends. We’d like to share more about how we work and what drives our day-to-day business. Compare
EPD’s historical performance
against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of EPD’s
competitive advantage. Turning to the distribution, coverage was even higher during Q3, with a 1.8x distribution coverage ratio. Speaking of which, EPD increased its distribution by 5.6% during Q3 to $0.475 per quarter, equating to an impressive 7.6% yield.

Enterprise Products Partners Dividend History by Quarter

Style is calculated by combining value and growth scores, which are first individually calculated. I have over 15 years of investment experience, and generally focus on stocks that are more defensive in nature, with a medium to long-term horizon. My goal is to share useful and insightful knowledge and analysis with readers. That’s why in addition to traditional midstream services, we’re also focused on investments in lower carbon projects, like carbon capture and sequestration, and providing blue ammonia into export markets.

• Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
• This includes 3.9 million common units that were repurchased on the open market during Q3 for approximately $95 million, and brings the YTD total repurchases to 5.3 million total common units.
• This equates to $10.1 million in annual savings from not having to pay distributions on these repurchased units.
• Salt domes are naturally occurring features that are capable of storing vast quantities of gas and natural gas liquids.

As of August 31st, there was short interest totaling 15,320,000 shares, a drop of 7.5% from the August 15th total of 16,560,000 shares. Based on an average daily volume of 3,960,000 shares, the short-interest ratio is presently 3.9 days. The company also operates a deep water terminal for exporting and importing natural gas liquids, including 20 docks.

How has EPD performed historically compared to the market?

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Data may be intentionally delayed pursuant to supplier requirements. The most recent change in the company’s dividend was an increase of $0.01 https://1investing.in/ on Monday, July 10, 2023. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.

Enterprise Products Partners (EPD)

The refining and processing segment operates 19 dual-purpose facilities, 9 NGL processing facilities, 2 propylene processors, 3 isomerization plants and 26 natural gas fractionalization facilities. Facilities are located in Colorado, Louisiana, Mississippi, New Mexico and Wyoming and Texas. The company’s other operations include NGL and natural gas storage in Louisiana salt domes. Salt domes are naturally occurring features that are capable of storing vast quantities of gas and natural gas liquids.

Enterprise Products Partners was ranked 89th on the 2022 Fortune 500 and is well known as a dividend grower. The company began paying a dividend in 1998 and has increased it yearly. Enterprise Products Partners  Investors can benefit from the dividend reinvestment plan by registering as an owner of record. If you have cash to put to work, here are two stocks that look cheap today and they’ll pay you well to own them.

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Over the past three years, the company’s dividend has grown by an average of 2.32% per year.

Enterprise Products Partners declared a quarterly dividend on Monday, July 10th. Investors of record on Monday, July 31st will be given a dividend of $0.50 per share on Monday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.43%.

We currently export about 60 million barrels of oil equivalent every month. It’s clear that the world wants and needs much more of what we have. We’re back on the road traveling domestically, internationally. We’re growing existing relationships and developing new ones and new opportunities.

By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions. Over the next few years and decades, the company steadily added new operations that either expanded then-current operations or added new revenue streams for the business. High-growth stocks tend to represent the technology, healthcare, and communications sectors.