Core Viewpoint - Enterprise Products Partners (EPD) is expected to report strong financial results, with anticipated earnings per share (EPS) growth and significant revenue increase compared to the previous year [2][8]. Financial Performance - EPD plans to announce its earnings on July 30, 2024, with an expected EPS of $0.66, reflecting a 15.79% increase year-over-year [2]. - The revenue forecast for the same quarter is $14.03 billion, indicating a 31.74% growth compared to the prior year [2]. - For the entire fiscal year, the consensus estimates project earnings of $2.72 per share and revenue of $58.34 billion, representing changes of +7.51% and +17.35%, respectively, from the previous year [8]. Analyst Estimates and Ratings - Recent modifications to analyst estimates for EPD suggest a positive outlook, with the Zacks Consensus EPS estimate moving 0.15% lower over the last 30 days [3][4]. - EPD currently holds a Zacks Rank of 3 (Hold), indicating a neutral position in the market [4]. - The company has a PEG ratio of 1.38, which is in line with the industry average [5]. Industry Context - The Oil and Gas - Production Pipeline - MLB industry, to which EPD belongs, ranks in the top 15% of all industries according to the Zacks Industry Rank [11]. - EPD's shares have gained 4.63% over the past month, outperforming the Oils-Energy sector's loss of 7.9% and the S&P 500's gain of 4.43% during the same period [7]. Valuation Metrics - EPD is currently trading at a Forward P/E ratio of 10.87, which is lower than the industry average of 12.61, suggesting that EPD may be undervalued [10].

Ample fuel to continue pushing the payout higher Enterprise Products Partners has spent billions of dollars over the years to expand its integrated midstream business through organic expansion projects and acquisitions. The company invested $2.9 billion into growth capital projects last year, which included spending $65 million in the fourth quarter to buy the Wilson natural gas storage facility. Those investments have helped grow its cash flow, which enables it to continue increasing its distribution. The ...

Company Overview - Enterprise Products Partners (EPD) is a leading midstream energy player in North America, providing services to producers and consumers of commodities such as natural gas, natural gas liquids (NGL), oil, and refined petrochemical products [25]. Investment Ratings - EPD holds a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [4]. - The company has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 10.67 [12]. Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.10 to $2.73 per share [26]. - EPD has an average earnings surprise of 1%, suggesting a consistent performance relative to expectations [26]. Momentum and Growth - The Momentum Style Score is designed to identify favorable times to buy high-momentum stocks, which can be beneficial for investors looking to capitalize on price trends [1]. - The Growth Style Score focuses on a company's future prospects and financial health, analyzing projected and historical earnings, sales, and cash flow [8]. Style Scores - The Zacks Style Scores categorize stocks into four types, helping investors select securities with the highest chances of outperforming the market over the next 30 days [7][13]. - Each stock is assigned a rating from A to F based on its value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming [22]. Performance Metrics - Stocks with a 1 (Strong Buy) rating have historically produced an average annual return of +25.41%, significantly outperforming the S&P 500 [23]. - To maximize returns, it is recommended to consider stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [24].

Company Performance - Enterprise Products Partners (EPD) closed at $29.12, with a daily gain of +0.48%, outperforming the S&P 500's gain of 0.09% [1] - Over the past month, EPD shares appreciated by 2.73%, while the Oils-Energy sector experienced a loss of 0.69% [2] Financial Estimates - For the fiscal year, Zacks Consensus Estimates predict earnings of $2.73 per share and revenue of $58.34 billion, reflecting increases of +7.91% and +17.35% from the previous year [3] - The upcoming earnings report is projected to show earnings of $0.65 per share, indicating year-over-year growth of 14.04%, with revenue expected to be $14.03 billion, a 31.74% increase compared to the same quarter last year [10] Valuation Metrics - EPD currently has a PEG ratio of 1.35, which is in line with the industry average [5] - The Forward P/E ratio for EPD is 10.62, which is a discount compared to the industry's average Forward P/E of 12.28 [8] Industry Context - The Oil and Gas - Production Pipeline - MLB industry ranks in the bottom 31% of all industries, with a current Zacks Industry Rank of 176 [9] - The Zacks Rank system indicates that stocks rated 1 have historically produced an average annual return of +25% since 1988, with EPD currently holding a Zacks Rank of 3 (Hold) [4]

Group 1: Enterprise Products Partners (EPD) - EPD is a midstream company with critical assets in the hydrocarbon value chain, including pipelines, storage, and processing facilities [1][3] - The company reported a gross operating margin increase of 7% YoY to $2.5 billion in Q1 2024, with adjusted cash flow from operations rising by 6% YoY [6] - EPD has a strong distribution history, raising its distribution for 24 consecutive years, with the current distribution at $0.515, a 5.1% increase from the previous year [6] - The company is investing $3.5 billion in growth capital and $550 million in sustaining capital, with significant projects like the SPOT project aimed at enhancing global energy product demand [6] - EPD holds an A- credit rating from S&P and has a low net debt to EBITDA ratio of 3.0x, making it appealing in a higher interest rate environment [6] - The current distribution yield is 7.2%, well-covered by cash flow, and the stock trades at a reasonable price of $28.57 with a Price-to-Cash Flow of 7.66 [6] Group 2: VICI Properties - VICI Properties owns iconic assets on the Las Vegas Strip, including Caesars Palace and MGM Grand, with ultra-long leases ranging from 30 to 55 years [2][3] - The company reported a 6.1% YoY growth in AFFO per share during Q1 2024, outperforming most net lease peers [2] - VICI's rent roll is 81% master leases, providing higher protections for landlords, and 75% of rents come from S&P 500 companies [2] - Management projects a full-year AFFO per share growth of 4.2%, supported by rent escalations and value-enhancing projects, including a $700 million redevelopment at The Venetian [2] - VICI has a BBB- investment grade credit rating, $3.5 billion in total liquidity, and a net debt to EBITDA ratio of 5.4x, below the safe threshold for REITs [2] - The company offers a dividend yield of 5.9%, with a payout ratio of 67% and a 5-year dividend CAGR of 7.6% [2]

Enterprise Products Partners has delivered returns that have significantly outpaced its peers and the broader market. High octane returns As you can see, Enterprise Products Partners' total return has significantly outperformed other energy stocks as measured by the Energy Select SPDR ETF. It has also crushed the total return of the S&P 500. infrastructure assets. These new assets have grown its cash flow, giving it the fuel to fund more new investments while steadily increasing its distribution. Enterprise ...

The the stock of provider of midstream energy services has fallen by 0.98% in the past month, leading the OilsEnergy sector's loss of 5.99% and undershooting the S&P 500's gain of 3.34%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.73 per share and revenue of $58.34 billion, indicating changes of +7.91% and +17.35%, respectively, compared to the previous year. Our research reveals that these estimate alterations are directly linked with the stock price performance in the ...

These partnerships generate stable, fee-based revenues from long-term contracts with shippers. With a substantial backlog of growth projects, midstream players ensure additional cash flows, showcasing a stable and low-risk business model. Leading companies in the industry include Enterprise Products Partners LP (EPD) , Energy Transfer LP (ET) , and Plains All American Pipeline LP (PAA) . The Zacks Oil and Gas - Pipeline MLP industry comprises master limited partnerships (or MLPs) that primarily transport oi ...

Week 24 % Of Year Done 2024 Weighting 2025 Weighting 46.15% 53.85% 46.15% Forward S&P EV/EBITDA (Cash-Adjusted Earnings) 10-Year Average Market Overvaluation 14.24 13.50 5.22% S&P Fair Value Decline To Fair Value Cash-Adjusted Fair Value PE: 5,162.13 4.96% 19.5 Dividend Kings Zen Research Terminal Dividend Kings Zen Research Terminal Ang = (Source: Dividend Kings S&P Valuation Tool) S&P's 1,000+ risk management scores factor in things like: In other words, a group of exceptionally high-quality companies wit ...

U.S. crude oil production is projected to grow 2% from the 2023 level to an average 13.2 million barrels per day (bpd) in 2024, and another 4% in 2025, reaching 13.7 million bpd. The Permian region, which accounts for nearly half of the country's crude oil production, drives this increase, followed by contributions from the Eagle Ford region and the Federal Gulf of Mexico. Global liquid fuel consumption is projected to rise 1.1 million bpd to 103 million bpd this year, surpassing previous estimates. It is a ...