Enterprise Products Partners
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 last earnings update was 19 days ago. More info.
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- Enterprise Products Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
EPD Share Price and Events
7 Day Returns
1 Year Returns
EPD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Enterprise Products Partners (EPD) | 2.1% | 3% | 18.6% | 15.5% | 19.6% | -15.2% |
| US Oil and Gas | 1.9% | 0.7% | 13.3% | -0.4% | 9.8% | -24% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- EPD outperformed the Oil and Gas industry which returned -0.4% over the past year.
- EPD outperformed the Market in United States of America which returned 3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Enterprise Products Partners
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Enterprise Products Partners.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (41.23%)) |
1.148 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.148 * 5.96%) |
9.57% |
Discounted Cash Flow Calculation for NYSE:EPD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Enterprise Products Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.57%) |
|
|---|---|---|---|
| 2019 | 4,167.00 | Analyst x1 | 3,803.01 |
| 2020 | 4,267.00 | Analyst x1 | 3,554.10 |
| 2021 | 4,372.63 | Est @ 2.48% | 3,323.94 |
| 2022 | 4,484.21 | Est @ 2.55% | 3,111.01 |
| 2023 | 4,601.04 | Est @ 2.61% | 2,913.23 |
| 2024 | 4,722.63 | Est @ 2.64% | 2,729.01 |
| 2025 | 4,848.67 | Est @ 2.67% | 2,557.10 |
| 2026 | 4,978.97 | Est @ 2.69% | 2,396.45 |
| 2027 | 5,113.41 | Est @ 2.7% | 2,246.17 |
| 2028 | 5,251.93 | Est @ 2.71% | 2,105.50 |
| Present value of next 10 years cash flows | $28,739.52 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $5,251.93 × (1 + 2.73%) ÷ (9.57% – 2.73%) |
$78,865.04 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $78,865.04 ÷ (1 + 9.57%)10 |
$31,617.01 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $28,739.52 + $31,617.01 |
$60,356.53 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $60,356.53 / 2,184.87 |
$27.62 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $27.62 |
| Current discount | Discount to share price of
$29.06
= -1 x ($29.06 - $27.62) / $27.62 |
-5.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Enterprise Products Partners is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Enterprise Products Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Enterprise Products Partners's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.91 |
| NYSE:EPD Share Price ** | NYSE (2019-03-20) in USD | $29.06 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 108 Publicly-Listed Oil and Gas Companies | 12.4x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Enterprise Products Partners.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:EPD Share Price ÷ EPS (both in USD) = 29.06 ÷ 1.91 |
15.24x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enterprise Products Partners is overvalued based on earnings compared to the US Oil and Gas industry average.
- Enterprise Products Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Enterprise Products Partners's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.24x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
3.8%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 75 Publicly-Listed Oil and Gas Companies | 0.52x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.24x ÷ 3.8% |
4.05x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enterprise Products Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Enterprise Products Partners's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $10.92 |
| NYSE:EPD Share Price * | NYSE (2019-03-20) in USD | $29.06 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 196 Publicly-Listed Oil and Gas Companies | 1.14x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:EPD Share Price ÷ Book Value per Share (both in USD) = 29.06 ÷ 10.92 |
2.66x |
* Primary Listing of Enterprise Products Partners.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Enterprise Products Partners is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Enterprise Products Partners's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Enterprise Products Partners has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Enterprise Products Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Enterprise Products Partners's earnings growth is positive but not above the United States of America market average.
- Enterprise Products Partners's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:EPD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 3.8% |
| NYSE:EPD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 3.7% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 4,861 | |||
| 2022-12-31 | 42,090 | 7,104 | 4,838 | 2 |
| 2021-12-31 | 40,931 | 6,915 | 4,669 | 4 |
| 2020-12-31 | 39,747 | 6,675 | 4,522 | 12 |
| 2019-12-31 | 38,123 | 6,098 | 4,279 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 36,534 | 6,126 | 4,151 |
| 2018-09-30 | 35,779 | 6,122 | 3,642 |
| 2018-06-30 | 33,080 | 5,029 | 2,942 |
| 2018-03-31 | 31,220 | 5,024 | 2,923 |
| 2017-12-31 | 29,242 | 4,666 | 2,783 |
| 2017-09-30 | 27,294 | 4,228 | 2,669 |
| 2017-06-30 | 26,327 | 4,557 | 2,693 |
| 2017-03-31 | 25,337 | 4,043 | 2,599 |
| 2016-12-31 | 23,022 | 4,067 | 2,500 |
| 2016-09-30 | 22,699 | 4,070 | 2,527 |
| 2016-06-30 | 23,086 | 3,946 | 2,543 |
| 2016-03-31 | 24,561 | 3,948 | 2,537 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Enterprise Products Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2.21 | 2.21 | 2.21 | 1.00 |
| 2022-12-31 | 2.18 | 2.25 | 2.10 | 3.00 |
| 2021-12-31 | 2.15 | 2.26 | 1.99 | 5.00 |
| 2020-12-31 | 2.05 | 2.21 | 1.83 | 14.00 |
| 2019-12-31 | 1.94 | 2.13 | 1.84 | 14.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.91 |
| 2018-09-30 | 1.68 |
| 2018-06-30 | 1.36 |
| 2018-03-31 | 1.36 |
| 2017-12-31 | 1.30 |
| 2017-09-30 | 1.25 |
| 2017-06-30 | 1.27 |
| 2017-03-31 | 1.23 |
| 2016-12-31 | 1.20 |
| 2016-09-30 | 1.23 |
| 2016-06-30 | 1.26 |
| 2016-03-31 | 1.27 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Enterprise Products Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Enterprise Products Partners's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Enterprise Products Partners has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Enterprise Products Partners performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Enterprise Products Partners's year on year earnings growth rate has been positive over the past 5 years.
- Enterprise Products Partners's 1-year earnings growth exceeds its 5-year average (49.1% vs 5.3%)
- Enterprise Products Partners's earnings growth has not exceeded the US Oil and Gas industry average in the past year (49.1% vs 61%).
Earnings and Revenue History
All data from Enterprise Products Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 36,534.20 | 4,150.90 | 208.30 | |
| 2018-09-30 | 35,778.50 | 3,642.30 | 200.80 | |
| 2018-06-30 | 33,079.50 | 2,942.20 | 189.40 | |
| 2018-03-31 | 31,219.60 | 2,922.70 | 183.70 | |
| 2017-12-31 | 29,241.50 | 2,783.40 | 181.10 | |
| 2017-09-30 | 27,293.70 | 2,668.90 | 175.80 | |
| 2017-06-30 | 26,327.20 | 2,693.40 | 176.50 | |
| 2017-03-31 | 25,337.40 | 2,598.90 | 165.90 | |
| 2016-12-31 | 23,022.30 | 2,500.20 | 160.10 | |
| 2016-09-30 | 22,698.50 | 2,527.30 | 170.40 | |
| 2016-06-30 | 23,086.00 | 2,543.00 | 177.40 | |
| 2016-03-31 | 24,560.70 | 2,536.60 | 187.20 | |
| 2015-12-31 | 27,027.90 | 2,512.50 | 192.60 | |
| 2015-09-30 | 31,063.20 | 2,488.40 | 198.30 | |
| 2015-06-30 | 37,085.50 | 2,531.10 | 199.30 | |
| 2015-03-31 | 42,513.80 | 2,618.80 | 202.10 | |
| 2014-12-31 | 47,951.20 | 2,782.20 | 206.00 | |
| 2014-09-30 | 50,862.20 | 2,822.50 | 200.30 | |
| 2014-06-30 | 50,625.30 | 2,724.70 | 194.20 | |
| 2014-03-31 | 49,253.80 | 2,640.70 | 192.00 | |
| 2013-12-31 | 47,727.00 | 2,596.90 | 188.30 | |
| 2013-09-30 | 45,697.80 | 2,513.50 | 179.00 | |
| 2013-06-30 | 44,073.20 | 2,508.30 | 176.50 | |
| 2013-03-31 | 42,713.70 | 2,522.10 | 173.50 | |
| 2012-12-31 | 42,583.10 | 2,419.90 | 170.30 | |
| 2012-09-30 | 43,096.70 | 2,525.50 | 173.20 | |
| 2012-06-30 | 43,955.10 | 2,410.10 | 170.30 | |
| 2012-03-31 | 45,381.80 | 2,277.50 | 178.20 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Enterprise Products Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Enterprise Products Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Enterprise Products Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Enterprise Products Partners's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Enterprise Products Partners has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Enterprise Products Partners's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Enterprise Products Partners's finances.
The net worth of a company is the difference between its assets and liabilities.
- Enterprise Products Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Enterprise Products Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Enterprise Products Partners Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 24,292.20 | 26,178.20 | 344.80 |
| 2018-09-30 | 23,505.80 | 25,914.00 | 49.30 |
| 2018-06-30 | 23,090.50 | 25,688.90 | 70.90 |
| 2018-03-31 | 22,964.90 | 25,394.80 | 111.60 |
| 2017-12-31 | 22,772.40 | 24,570.40 | 5.10 |
| 2017-09-30 | 22,548.90 | 24,721.50 | 32.90 |
| 2017-06-30 | 22,880.20 | 23,382.90 | 60.30 |
| 2017-03-31 | 22,800.00 | 23,425.00 | 63.10 |
| 2016-12-31 | 22,266.00 | 23,698.80 | 63.40 |
| 2016-09-30 | 22,038.70 | 23,975.60 | 60.10 |
| 2016-06-30 | 21,945.90 | 22,806.90 | 117.60 |
| 2016-03-31 | 21,346.30 | 22,755.70 | 165.80 |
| 2015-12-31 | 20,501.10 | 22,544.50 | 22.20 |
| 2015-09-30 | 20,352.90 | 22,460.10 | 87.90 |
| 2015-06-30 | 20,363.20 | 22,298.50 | 556.80 |
| 2015-03-31 | 20,058.10 | 21,592.00 | 81.10 |
| 2014-12-31 | 19,692.20 | 21,363.80 | 74.40 |
| 2014-09-30 | 15,981.90 | 19,646.40 | 1,077.50 |
| 2014-06-30 | 15,802.40 | 18,365.50 | 262.40 |
| 2014-03-31 | 15,662.00 | 18,373.00 | 1,005.10 |
| 2013-12-31 | 15,440.40 | 17,359.30 | 77.10 |
| 2013-09-30 | 14,682.20 | 17,541.80 | 26.10 |
| 2013-06-30 | 14,352.80 | 16,982.00 | 65.10 |
| 2013-03-31 | 13,990.20 | 17,558.40 | 1,296.40 |
| 2012-12-31 | 13,296.00 | 16,394.40 | 35.70 |
| 2012-09-30 | 13,057.90 | 16,147.20 | 30.50 |
| 2012-06-30 | 12,476.10 | 15,296.90 | 33.10 |
| 2012-03-31 | 12,388.30 | 14,787.90 | 103.00 |
- Enterprise Products Partners's level of debt (107.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (112.5% vs 107.8% today).
- Debt is well covered by operating cash flow (23.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
Financial health checks
We assess Enterprise Products Partners's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Enterprise Products Partners has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Enterprise Products Partners's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Enterprise Products Partners
shares you are expected to receive
$120
in your first year as a dividend.
Dividend Amount
- Enterprise Products Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Enterprise Products Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 3.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 2.04 | 4.00 |
| 2022-12-31 | 1.97 | 6.00 |
| 2021-12-31 | 1.88 | 9.00 |
| 2020-12-31 | 1.82 | 21.00 |
| 2019-12-31 | 1.77 | 20.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-15 | 1.740 | 6.218 |
| 2018-10-04 | 1.730 | 6.505 |
| 2018-07-09 | 1.720 | 5.932 |
| 2018-04-10 | 1.710 | 6.194 |
| 2018-01-12 | 1.700 | 6.507 |
| 2017-10-12 | 1.690 | 6.624 |
| 2017-07-05 | 1.680 | 6.365 |
| 2017-04-05 | 1.660 | 6.133 |
| 2017-01-05 | 1.640 | 5.872 |
| 2016-10-05 | 1.620 | 6.220 |
| 2016-07-07 | 1.600 | 5.819 |
| 2016-04-11 | 1.580 | 5.815 |
| 2016-02-26 | 1.610 | 6.664 |
| 2016-01-28 | 1.610 | 7.155 |
| 2016-01-04 | 1.560 | 6.836 |
| 2015-10-01 | 1.540 | 5.956 |
| 2015-07-07 | 1.520 | 5.522 |
| 2015-04-09 | 1.500 | 4.622 |
| 2015-01-06 | 1.480 | 4.437 |
| 2014-11-10 | 1.460 | 4.025 |
| 2014-10-30 | 1.460 | 3.943 |
| 2014-07-10 | 1.440 | 3.710 |
| 2014-04-09 | 1.420 | 3.815 |
| 2014-01-13 | 1.400 | 4.181 |
| 2013-10-14 | 1.380 | 4.395 |
| 2013-07-10 | 1.360 | 4.471 |
| 2013-04-10 | 1.340 | 4.402 |
| 2012-09-20 | 1.320 | 4.878 |
| 2012-07-11 | 1.270 | 4.755 |
| 2012-04-13 | 1.255 | 5.018 |
| 2012-01-17 | 1.240 | 4.909 |
| 2011-10-13 | 1.225 | 5.413 |
| 2011-07-15 | 1.210 | 5.845 |
| 2011-04-14 | 1.195 | 5.710 |
| 2011-01-14 | 1.180 | 5.514 |
| 2010-10-14 | 1.165 | 5.550 |
| 2010-07-13 | 1.150 | 6.018 |
| 2010-04-13 | 1.135 | 6.565 |
| 2010-01-12 | 1.120 | 6.784 |
| 2009-10-22 | 1.105 | 7.321 |
| 2009-07-15 | 1.090 | 7.777 |
| 2009-04-15 | 1.075 | 8.622 |
| 2009-03-23 | 1.060 | 9.633 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Enterprise Products Partners's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1.1x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
Income/ dividend checks
We assess Enterprise Products Partners's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Enterprise Products Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Enterprise Products Partners has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,619,587 |
| AGE | 73 |
| TENURE AS CEO | 3.2 years |
CEO Bio
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 November 2010. Mr. Teague served as Chief Operating Officer of Enterprise Products Holdings LLC since November 22, 2010 until December 2015. Mr. Teague served as an Executive Vice President of Enterprise Products Partners L.P. He served as the Chief Commercial Officer and Executive Vice President of DEP Holdings LLC, the General Partner of Duncan Energy Partners LP since November 2010 until February 2013. He is responsible for managing all of its commercial businesses of the partnerships. He also serves as the Chief Operating Officer and Executive Vice President of EPE Holdings, LLC. He served as an Executive Vice President of Enterprise Products GP, LLC at Enterprise Products Operating LLC since November 1999. He served as the Chief Operating Officer of Enterprise Products GP, LLC since September 2010. He is responsible for Enterprise's natural gas liquids businesses and natural gas marketing group. He served as a Member of the senior management teams at affiliates of Shell Oil Company, MAPCO Inc., and Dow Chemical Company. Mr. Teague served as President of Tejas Natural Gas Liquids LLC from 1998 to 1999 and President of Marketing & Trading of MAPCO Inc., from 1997 to 1998. He has been a Director of Solaris Oilfield Infrastructure, Inc. since May 11, 2017. He has been Director of Enterprise Products Holdings LLC from November 22, 2010 to February 2013. He serves as Director at Texas Eastern Products Pipeline Company LLC. He serves as a Director of EPE Holdings, LLC. Mr. Teague served as a Director of Enterprise Products GP, LLC - General Partner of Enterprise Products Partners LP since May 2010. He served as a Director of EPE Holdings, LLC from October 27, 2009 to May 21st 2010. He served as a Director of DEP Holdings LLC of Duncan Energy Partners LP from July 2008 to May 2010.
CEO Compensation
- Jim's compensation has been consistent with company performance over the past year.
- Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Enterprise Products Partners management team in years:
- The tenure for the Enterprise Products Partners management team is about average.
Management Team
Jim Teague
CEO & Director of Enterprise Products Holdings LLC
$9M
73
3.2 yrs
Randy Fowler
President
$6M
61
3.2 yrs
Graham Bacon
Executive VP of Operations & Engineering - Enterprise Products Holdings LLC
$4M
54
3.4 yrs
Bill Ordemann
Executive VP of Strategy Development. & Implementation - Enterprise Products Holdings LLC
$3M
58
0.9 yrs
Brent Secrest
Senior VP of Commercial - Enterprise Products Holdings LLC
$3M
45
2.8 yrs
Michael Hanson
Principal Accounting Officer & VP of Financial Reporting - Enterprise Products Holdings LLC
51
2.6 yrs
Paul Flynn
Senior VP & Chief Information Officer-Enterprise Products Holdings LLC
14.1 yrs
Randy Burkhalter
Vice President of Investor Relations
Hap Weitzel
Senior VP
$2M
54
2.9 yrs
James Cisarik
Senior Vice President of Government Affairs & Public Relations - Enterprise Products Holdings LLC
$480K
60
5.2 yrs
Board of Directors Tenure
Average tenure and age of the Enterprise Products Partners board of directors in years:
- The tenure for the Enterprise Products Partners board of directors is about average.
Board of Directors
Randa Duncan Williams
Chairman of Enterprise Products Holdings LLC
56
6.1 yrs
Jim Teague
CEO & Director of Enterprise Products Holdings LLC
$9M
73
8.3 yrs
Richard Bachmann
Vice Chairman of Enterprise Products Holdings LLC
$3M
65
3.2 yrs
Randy Fowler
President
$6M
61
7.5 yrs
Hap Weitzel
Senior VP
$2M
54
2.3 yrs
Charles McMahen
Presiding Director of Enterprise Products Holdings LLC
$190K
78
Jim Hackett
Director of Enterprise Products Holdings LLC
$185K
64
4.9 yrs
Dick Snell
Director of Enterprise Products Holdings LLC
$170K
75
7.5 yrs
Carin Barth
Director of Enterprise Products Holdings LLC
$170K
55
3.4 yrs
Bill Montgomery
Director of Enterprise Products Holdings LLC
$170K
56
3.4 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Enterprise Products Partners insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31. Dec 18 | Buy | A. Teague | Individual | 31. Dec 18 | 31. Dec 18 | 10,000 | $24.36 | $243,600 | ||
| 20. Dec 18 | Buy | A. Teague | Individual | 20. Dec 18 | 20. Dec 18 | 10,000 | $24.61 | $246,100 | ||
| 20. Dec 18 | Buy | Carin Barth | Individual | 19. Dec 18 | 19. Dec 18 | 10,000 | $25.00 | $250,000 | ||
| 14. Nov 18 | Buy | A. Teague | Individual | 14. Nov 18 | 14. Nov 18 | 15,005 | $26.34 | $394,956 | ||
| 13. Nov 18 | Buy | W. Fowler | Individual | 13. Nov 18 | 13. Nov 18 | 10,000 | $26.19 | $261,900 | ||
| 05. Nov 18 | Sell | James Hackett | Individual | 05. Nov 18 | 05. Nov 18 | -25,000 | $26.94 | $-673,375 | ||
| 02. Aug 18 | Buy | A. Teague | Individual | 02. Aug 18 | 02. Aug 18 | 3,390 | $29.48 | $99,929 | ||
| 29. Mar 18 | Buy | A. Teague | Individual | 29. Mar 18 | 29. Mar 18 | 24,665 | $24.54 | $605,208 | ||
Management checks
We assess Enterprise Products Partners's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Enterprise Products Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Who Owns Enterprise Products Partners LP (NYSE:EPD)?
If you want to know who really controls Enterprise Products Partners LP (NYSE:EPD), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Enterprise Products Partners is a pretty big company.
Simply Wall St - – Full articleHow Financially Strong Is Enterprise Products Partners LP (NYSE:EPD)?
its financial health remains the key to continued success. … This article will examine Enterprise Products Partners’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleHow Should Investors Feel About Enterprise Products Partners LP.'s (NYSE:EPD) CEO Pay?
Profitability of a company is a strong indication of EPD's ability to generate returns on shareholders' funds through corporate activities. … NYSE:EPD Past Future Earnings Jun 1st 18 Is EPD's CEO overpaid relative to the market? … Taking into account the size of EPD in terms of market cap, as well as its performance, using earnings as a proxy, it seems that Teague is paid in-line with other US CEOs of large-caps, on average.
Simply Wall St - – Full articleAt $28.24, Is It Time To Buy Enterprise Products Partners LP. (NYSE:EPD)?
Enterprise Products Partners is currently overpriced based on my relative valuation model. … In addition to this, it seems like Enterprise Products Partners’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. … If you are no longer interested in Enterprise Products Partners, you can use our free platform to see my list of over 50 other stocks with a high growth potential.
Simply Wall St - – Full articleEnterprise Products Partners LP. (NYSE:EPD): Has Recent Earnings Growth Beaten Long-Term Trend?
After reading Enterprise Products Partners LP.'s (NYSE:EPD) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Check out our latest analysis for Enterprise Products Partners Did EPD beat its long-term earnings growth trend and its industry? … This suggests that, in the recent industry expansion, Enterprise Products Partners has not been able to realize the gains unlike its industry peers.What does this mean?
Simply Wall St - – Full articleShould You Expect Enterprise Products Partners LP. (NYSE:EPD) To Continue Delivering An ROE Of 13.16%?
View our latest analysis for Enterprise Products Partners Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Enterprise Products Partners’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Enterprise Products Partners’s equity capital deployed. … Enterprise Products Partners’s ROE is impressive relative to the industry average and also covers its cost of equity.
Simply Wall St - – Full articleWhat Investors Should Know About Enterprise Products Partners LP.'s (NYSE:EPD) Financial Strength
View our latest analysis for Enterprise Products Partners How does EPD’s operating cash flow stack up against its debt? … Additionally, EPD has produced US$4.67B in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 18.99%, signalling that EPD’s current level of operating cash is not high enough to cover debt. … Next Steps: EPD’s high debt levels is not met with high cash flow coverage.
Simply Wall St - – Full articleEnterprise Products Partners LP. (NYSE:EPD): Ex-Dividend Is In 3 Days, Should You Buy?
Important news for shareholders and potential investors in Enterprise Products Partners LP. … See our latest analysis for Enterprise Products Partners 5 questions to ask before buying a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:EPD Historical Dividend Yield Apr 23rd 18 How does Enterprise Products Partners fare?
Simply Wall St - – Full articleOnly 7 Days Left To Cash In On Enterprise Products Partners LP. (NYSE:EPD) Dividend, Should You Buy?
See our latest analysis for Enterprise Products Partners Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … NYSE:EPD Historical Dividend Yield Apr 19th 18 How well does Enterprise Products Partners fit our criteria? … In terms of its peers, Enterprise Products Partners has a yield of 6.37%, which is high for Oil and Gas stocks.
Simply Wall St - – Full articleShould You Be Tempted To Sell Enterprise Products Partners LP. (NYSE:EPD) At Its Current PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for EPD Price per share = $24.3 Earnings per share = $1.298 ∴ Price-Earnings Ratio = $24.3 ÷ $1.298 = 18.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing riskier firms with EPD, then EPD’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … In this case, EPD’s P/E would be higher since investors would also reward EPD’s higher growth with a higher price.
Simply Wall St - – Full articleCompany Info
Description
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 operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services, as well as NGL export docks and related services. It operates approximately 19,200 miles of NGL pipelines; NGL and related product storage facilities; 16 NGL fractionators; and liquefied petroleum gas and ethane export terminals, and related operations. The Crude Oil Pipelines & Services segment operates approximately 5,300 miles of crude oil pipelines; and crude oil storage and marine terminals located in Oklahoma and Texas, as well as a fleet of 360 tractor-trailer tank trucks used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates approximately 19,700 miles of natural gas pipeline systems to gather and transport natural gas in Colorado, Louisiana, New Mexico, Texas, and Wyoming. It leases underground salt dome natural gas storage facilities in Texas and Louisiana; owns an underground salt dome storage cavern in Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related activities, including 800 miles of pipelines; butane isomerization complex and related deisobutanizer units; and octane enhancement and high purity isobutylene production facilities. It also operates approximately 4,100 miles of refined products pipelines; and terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.
Details
| Name: | Enterprise Products Partners L.P. |
| EPD | |
| Exchange: | NYSE |
| Founded: | 1968 |
| $63,492,434,604 | |
| 2,184,873,868 | |
| Website: | http://www.enterpriseproducts.com |
| Address: |
Enterprise Products Partners L.P. 1100 Louisiana Street, 10th Floor, Houston, Texas, 77002, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | EPD | Common Units | New York Stock Exchange | US | USD | 28. Jul 1998 | |
| DB | EPD | Common Units | Deutsche Boerse AG | DE | EUR | 28. Jul 1998 | |
| LSE | 0S23 | Common Units | London Stock Exchange | GB | USD | 28. Jul 1998 |
Number of employees
Current staff
Industry
| Oil and Gas Storage and Transportation | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:36 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/18 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
