NYSE:EPD

Stock Analysis Report

Enterprise Products Partners

Executive Summary

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.

Snowflake


Similar Companies

Share Price & News

How has Enterprise Products Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

EPD

1.0%

US Oil and Gas

0.07%

US Market


1 Year Return

2.8%

EPD

-16.7%

US Oil and Gas

8.9%

US Market

Return vs Industry: EPD exceeded the US Oil and Gas industry which returned -16.7% over the past year.

Return vs Market: EPD underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

EPDIndustryMarket
7 Day-0.2%1.0%0.07%
30 Day-6.2%-4.3%-0.3%
90 Day-9.1%-7.3%-1.6%
1 Year9.4%2.8%-13.5%-16.7%11.3%8.9%
3 Year22.8%2.2%-5.8%-14.4%46.3%36.8%
5 Year-4.6%-27.9%-23.1%-34.1%62.1%44.3%

Price Volatility Vs. Market

How volatile is Enterprise Products Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Enterprise Products Partners undervalued compared to its fair value and its price relative to the market?

11.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EPD ($27.45) is trading above our estimate of fair value ($19.75)

Significantly Below Fair Value: EPD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EPD is poor value based on its PE Ratio (11.9x) compared to the Oil and Gas industry average (9.9x).

PE vs Market: EPD is good value based on its PE Ratio (11.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: EPD is poor value based on its PEG Ratio (5.7x)


Price to Book Ratio

PB vs Industry: EPD is overvalued based on its PB Ratio (2.5x) compared to the US Oil and Gas industry average (0.9x).

Future Growth

How is Enterprise Products Partners forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPD's forecast earnings growth (2.1% per year) is below the savings rate (2.7%).

Earnings vs Market: EPD's earnings (2.1% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: EPD's earnings are forecast to grow, but not significantly.

Revenue vs Market: EPD's revenue (2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: EPD's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EPD's Return on Equity is forecast to be low in 3 years time (19.1%).

Past Performance

How has Enterprise Products Partners performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EPD's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: EPD's earnings growth over the past year (71.5%) exceeds its 5-year average (11% per year).

Earnings vs Industry: EPD earnings growth over the past year (71.5%) exceeded the Oil and Gas industry 20.6%.


Return on Equity

High ROE: Whilst EPD's Return on Equity (20.65%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: EPD has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: EPD has significantly improved its Return on Capital Employed over the past 3 years.

Financial Health

How is Enterprise Products Partners's financial position?


Financial Position Analysis

Short Term Liabilities: EPD's short term assets ($6.3B) do not cover its short term liabilities ($6.3B)

Long Term Liabilities: EPD's short term assets (6.3B) do not cover its long term liabilities (27.5B)


Debt to Equity History and Analysis

Debt Level: EPD's debt to equity ratio (107.7%) is considered high

Reducing Debt: EPD's debt to equity ratio has reduced from 116.3% to 107.7% over the past 5 years.

Debt Coverage: EPD's debt is well covered by operating cash flow (24.6%).

Interest Coverage: EPD's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet

Inventory Level: EPD has a high level of physical assets or inventory.

Debt Coverage by Assets: EPD's debt is not covered by short term assets (assets are 0.2x debt).

Dividend

What is Enterprise Products Partners's current dividend yield, its reliability and sustainability?

6.45%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Enterprise Products Partners before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company6.4%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years6.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: EPD's dividend (6.45%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: EPD's dividend (6.45%) is in the top 25% of dividend payers in the US market (3.68%)

Stable Dividend: EPD's dividends per share have been stable in the past 10 years.

Growing Dividend: EPD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.6%), EPD's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EPD's dividends in 3 years are forecast to be covered by earnings (78.3% payout ratio).

Management

What is the CEO of Enterprise Products Partners's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Jim Teague (74yo)

3.8yrs

Tenure

US$8,619,587

Compensation

Mr. A. James Teague, also known as Jim, has been the Chief Executive Officer of Enterprise Products Holdings LLC at Enterprise Products Partners L.P. since January 2016 and has been its Director since Nove ...


CEO Compensation Analysis

Compensation vs. Market: Jim's total compensation ($USD8.62M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.8yrs

Average Tenure

55yo

Average Age

Experienced Management: EPD's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: EPD's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: EPD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$150,00005 Aug 19
Murray Brasseux
EntityIndividual
Shares5,000
Max PriceUS$30.00
BuyUS$243,60031 Dec 18
A. Teague
EntityIndividual
Role
Chief Executive Officer
CEO & Director of Enterprise Products Holdings LLC
Shares10,000
Max PriceUS$24.36
BuyUS$246,10020 Dec 18
A. Teague
EntityIndividual
Role
Chief Executive Officer
CEO & Director of Enterprise Products Holdings LLC
Shares10,000
Max PriceUS$24.61
BuyUS$250,00020 Dec 18
Carin Barth
EntityIndividual
Role
Member of the Board of Directors
Director of Enterprise Products Holdings LLC
Shares10,000
Max PriceUS$25.00
BuyUS$394,95614 Nov 18
A. Teague
EntityIndividual
Role
Chief Executive Officer
CEO & Director of Enterprise Products Holdings LLC
Shares15,005
Max PriceUS$26.34
BuyUS$261,90013 Nov 18
W. Fowler
EntityIndividual
Role
Member of the Board of Directors
President
Shares10,000
Max PriceUS$26.19
SellUS$673,37505 Nov 18
James Hackett
EntityIndividual
Role
Member of the Board of Directors
Director of Enterprise Products Holdings LLC
Shares25,000
Max PriceUS$26.94

Ownership Breakdown


Management Team

  • Jim Teague (74yo)

    CEO & Director of Enterprise Products Holdings LLC

    • Tenure: 3.8yrs
    • Compensation: US$8.62m
  • Randy Fowler (62yo)

    President

    • Tenure: 8.1yrs
    • Compensation: US$5.58m
  • Anthony Chovanec

    Senior Vice President of Enterprise Products Holdings LLC

    • Tenure: 5.3yrs
  • Randy Burkhalter

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Graham Bacon (55yo)

    Executive VP & COO

    • Tenure: 4yrs
    • Compensation: US$4.30m
  • Karen Taylor

    Senior Vice President of Human Resources - Enterprise Products Holdings LLC

    • Tenure: 3.2yrs
  • Brent Secrest (46yo)

    Executive VP & Chief Commercial Officer

    • Tenure: 3.4yrs
    • Compensation: US$2.87m
  • Paul Flynn

    Senior VP & Chief Information Officer-Enterprise Products Holdings LLC

    • Tenure: 14.7yrs
  • Hap Weitzel (55yo)

    Senior VP

    • Tenure: 2.9yrs
    • Compensation: US$1.71m
  • Michael Hanson (52yo)

    Principal Accounting Officer & VP of Financial Reporting - Enterprise Products Holdings LLC

    • Tenure: 3.2yrs

Board Members

  • Charles McMahen (79yo)

    Presiding Director of Enterprise Products Holdings LLC

    • Tenure: 0yrs
    • Compensation: US$190.00k
  • Jim Hackett (65yo)

    Director of Enterprise Products Holdings LLC

    • Tenure: 5.5yrs
    • Compensation: US$185.00k
  • Richard Bachmann (66yo)

    Vice Chairman of Enterprise Products Holdings LLC

    • Tenure: 3.8yrs
    • Compensation: US$491.85k
  • Jim Teague (74yo)

    CEO & Director of Enterprise Products Holdings LLC

    • Tenure: 3.8yrs
    • Compensation: US$8.62m
  • Randa Duncan Williams (57yo)

    Chairman of Enterprise Products Holdings LLC

    • Tenure: 6.7yrs
  • Dick Snell (76yo)

    Director of Enterprise Products Holdings LLC

    • Tenure: 8.1yrs
    • Compensation: US$170.00k
  • Randy Fowler (62yo)

    President

    • Tenure: 8.1yrs
    • Compensation: US$5.58m
  • Carin Barth (56yo)

    Director of Enterprise Products Holdings LLC

    • Tenure: 4yrs
    • Compensation: US$170.00k
  • Bill Montgomery (57yo)

    Director of Enterprise Products Holdings LLC

    • Tenure: 4yrs
    • Compensation: US$170.00k
  • Hap Weitzel (55yo)

    Senior VP

    • Tenure: 2.9yrs
    • Compensation: US$1.71m

Company Information

Enterprise Products Partners L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enterprise Products Partners L.P.
  • Ticker: EPD
  • Exchange: NYSE
  • Founded: 1968
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$60.088b
  • Shares outstanding: 2.19b
  • Website: https://www.enterpriseproducts.com

Location

  • Enterprise Products Partners L.P.
  • 1100 Louisiana Street
  • 10th Floor
  • Houston
  • Texas
  • 77002
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPDNYSE (New York Stock Exchange)YesCommon UnitsUSUSDJul 1998
EPDDB (Deutsche Boerse AG)YesCommon UnitsDEEURJul 1998
0S23LSE (London Stock Exchange)YesCommon UnitsGBUSDJul 1998

Biography

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company oper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:37
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.