Core Insights - Enterprise Products Partners LP (EPD) is currently undervalued, trading at a trailing 12-month EV/EBITDA of 10.18x, below the industry average of 11.49x and peers like Kinder Morgan (KMI) at 14.34x and Enbridge (ENB) at 15.10x [1][5] Financial Overview - EPD is investing $7.6 billion in growth midstream projects, with $1.8 billion to $1.9 billion already committed through 2026 for projects that have passed the Final Investment Decision (FID) stage [4][5] - The partnership expects oil prices to be around $55 to $60 per barrel in the next three to five years, which may lead to a slowdown in production and pipeline demand [9][10] Market Sensitivity - EPD's business is highly sensitive to oil prices, particularly due to its operations in the Permian Basin, which could impact revenue generation if oil prices decline [8][10] - A cautious outlook on oil prices suggests that producers may maintain current production levels but will likely stop investing in new drilling at lower price points [9][10] Investment Considerations - Despite stable fee-based revenues similar to KMI and ENB, ongoing business challenges indicate that investors should consider exiting EPD stock, which has seen a 2.9% decline in the past six months [11][16]