For the quarter ended December 2023, Enterprise Products Partners (EPD) reported revenue of $14.62 billion, up 7.1% over the same period last year. EPS came in at $0.72, compared to $0.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $12.76 billion, representing a surprise of +14.64%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.66.While investors closely watch year-over-year changes in headline numbers -- revenue and ea ...

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) today announced its financial results for the three months and year ended December 31, 2023. Fourth Quarter and Year End 2023 Financial Highlights   Three Months Ended December 31, Year Ended December 31, ($ in millions, except per unit amounts)   2023   2022   2023   2022 Operating income $ 1,921 $ 1,765 $ 6,929 $ 6,907 Net income $ 1,602 ...

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da-kuk/E+ via Getty ImagesThesis Midstream companies typically offer a compelling and stable dividend growth engine. These stocks are some of the most popular on Seeking Alpha as they are excellent choices for income seeking investors. In this article, I want to take a higher level and systematic approach to the midstream sector. As I was reviewing the midstream portion of my portfolio, I realized that I didn’t really have the exposure to all of the plentiful resources that America has to offer. As an i ...

Enterprise Products Partners L.P. (EPD) is set to report fourth-quarter 2023 results on Feb 1, before the opening bell.Let’s delve into the factors that are anticipated to have influenced this pipeline operator’s performance in the to-be-reported quarter. However, it is worth taking a look at EPD’s previous quarter’s results first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the midstream energy player’s adjusted earnings of 60 cents missed the Zacks Consensus Estimate of 63 cen ...

Enterprise Products Partners (EPD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this provider of midstream energy services have returned +4%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Enterprise Products falls in, has gained 3.4%. The key question ...

The big attraction of Enterprise Products Partners (EPD 0.37%) today is probably its huge 7.4% distribution yield. But a high yield alone isn't enough to make this midstream giant a buy in the economically sensitive energy industry. That said, its 25-year streak of annual distribution increases might be a good reason to own it if you are the type of investor that wants a safe income stream. Here's what you need to know.Enterprise has proven it can survive economic downturnsRecessions are a part of the busin ...

Enterprise Products Partners LP (EPD) is a leading midstream energy player with low exposure to volume and price risks. The Zacks Consensus Estimate for the partnership’s 2024 earnings per unit is pegged at $2.61, indicating a year-over-year increase of 5.3%.Factors Working in FavorEnterprise Products, which currently carries a Zacks Rank #3 (Hold), has a stable business model and is not significantly exposed to the volatility in oil and gas prices. It generates stable fee-based revenues from its extensive ...

Enterprise Products Partners (EPD) ended the recent trading session at $27.06, demonstrating a +0.15% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.29% for the day. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.43%.Heading into today, shares of the provider of midstream energy services had gained 3.6% over the past month, outpacing the Oils-Energy sector's loss of 5.56% and the S&P 50 ...

VettaFi recently sat down with Raymond James analyst J.R. Weston to discuss the outlook for energy commodities and the midstream space. During the interview, Weston offered his take on overlooked midstream investment opportunities, as well as his current top picks.VettaFi: What’s your outlook for oil and natural gas prices this year?J.R. Weston, associate analyst, Raymond James: We have a pretty rangebound forecast for oil. Our full-year average forecast for 2024 is $75 per barrel (bbl) for WTI. With WTI av ...