Enterprise Products Partners L.P. (EPD) Gets Higher Target at Scotiabank as Guidance Tops Consensus

Core Viewpoint - Enterprise Products Partners L.P. (NYSE:EPD) is recognized as one of the best long-term low-risk stocks to buy, with a recent price target increase from Scotiabank analyst Brandon Bingham indicating positive market sentiment towards the company [1][2]. Financial Performance - The company reported record EBITDA of $2.7 billion in Q4 2025, surpassing the previous record of $2.6 billion from Q4 2024 [3]. - Average oil prices were approximately $12 per barrel lower than 2024 levels, impacting pricing spreads that had previously supported earnings [5]. Operational Developments - A series of new assets were brought into service during 2025, including Frac 14, the Mentone West and Orion projects, and various gathering and treating assets in the Permian Basin, which contributed positively to performance despite some weaker results [4]. - The company's ethane export terminals and all 20 processing trains in the Permian are fully contracted, with strong demand for long-term commitments in LPG export capacity expected to continue through the end of the decade [6]. Business Overview - Enterprise Products Partners L.P. provides midstream energy services across various sectors, including natural gas, NGLs, crude oil, refined products, and petrochemicals, with a comprehensive portfolio that includes pipelines, processing, and storage facilities [7].