Core Viewpoint - Current WTI oil prices are below $60 per barrel, leading to uncertainty in the energy sector, but Enterprise Products Partners LP (EPD) remains stable due to its midstream business model [1] Group 1: Company Overview - EPD's midstream assets are supported by long-term fee-based revenues, which provide stability against commodity price volatility [2] - EPD's pipeline assets exceed 50,000 miles, and its liquids storage capacity is over 300 thousand barrels [2] Group 2: Financial Performance - Fee-based earnings have been the largest contributor to EPD's gross operating margin, accounting for 82% in 2021, 74% in 2022, 77% in 2023, 78% in 2024, and 82% in the first nine months of 2025, indicating a predictable and stable business model [3] - EPD units have gained 4.7% over the past year, contrasting with an 8.2% decline in the broader industry [6][7] Group 3: Valuation Metrics - EPD's trailing 12-month EV/EBITDA is 10.59X, slightly below the industry average of 10.60X [9] - Recent downward revisions have been noted in the Zacks Consensus Estimate for EPD's 2025 earnings [11]