It is important to do your own research before investing in a stock, you should also consider your own investment goals and risk tolerance.
Enterprise Products Partners L.P. (EPD) is a master limited partnership that provides midstream energy services to producers and refiners. The company operates in five segments: Crude Oil Pipelines & Terminals, Natural Gas Pipelines & Processing, NGL Pipelines & Services, Chemicals & Plastics, and Midstream Logistics. EPD's operations include a network of crude oil, natural gas, and natural gas liquids pipelines, as well as storage terminals, processing plants, and other midstream facilities. The company's customers include major oil and gas producers, refiners, marketers, and other companies in the energy industry.
EPD's stock is traded on the New York Stock Exchange under the ticker symbol "EPD." The company's current market capitalization is approximately $55.9 billion. EPD has a dividend yield of 7.7% at the current price, which is one of the highest among energy stocks. The company has a long history of growing its dividend, and it has increased its dividend every year for the past 24 years.
EPD is a well-established company with a strong track record of profitability. The company's operations are essential to the energy industry, and it is well-positioned to benefit from continued growth in energy demand. EPD is a good investment for investors who are looking for a high-yield dividend stock with a long history of growth.
- Revenue: $67.5 billion (2022)
- Net income: $4.6 billion (2022)
- Employees: 11,000
- Headquarters: Houston, Texas
Q1 earnings per unit of $0.64, vs. $0.60, beat the consensus view by $0.02
Q1 volumes of crude oil and refined products rose 9.2%, natural gas pipeline volumes grew 10%, and natural gas processing volumes rose 12%
April 2023 other opinions:
Morgan Stanley analyst Robert Kad maintains Enterprise Prods Partners (NYSE:EPD) with a Equal-Weight and raises the price target from $31 to $33.
Barclays analyst Theresa Chen maintains Enterprise Prods Partners (NYSE:EPD) with a Overweight and raises the price target from $29 to $30.
My investing goals:
My goals are to retire in the next 5 years, to do this I am looking for good solid dividend stocks. I plan on reinvesting the dividends to grow the number of shares. In 5 years I’m hoping to be able to use the dividend income to supplement my pension and eventually social security to afford a better retirement without touching the capital stocks.
See my other posts and articles on my dividend stocks and investments.
