Enterprise Products Partners
Market Cap
US$56.8b
Last Updated
2020/02/23 00:24 UTC
Data Sources
Company Financials +
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.
Rewards
Snowflake Analysis
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
Stable Share Price: EPD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
EPD
-0.7%
US Oil and Gas
-1.1%
US Market
1 Year Return
-7.6%
EPD
-18.9%
US Oil and Gas
17.9%
US Market
Return vs Industry: EPD exceeded the US Oil and Gas industry which returned -18.9% over the past year.
Return vs Market: EPD underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| EPD | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.7% | -1.1% |
| 30 Day | -5.1% | -5.8% | 1.4% |
| 90 Day | -2.4% | -7.6% | 6.9% |
| 1 Year | -1.5%-7.6% | -15.7%-18.9% | 20.3%17.9% |
| 3 Year | 12.1%-7.1% | -12.1%-20.4% | 47.8%38.3% |
| 5 Year | 5.3%-22.2% | -21.3%-32.9% | 71.9%53.0% |
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
1 year ago | Simply Wall St
Who Owns Enterprise Products Partners LP (NYSE:EPD)?1 year ago | Simply Wall St
How Financially Strong Is Enterprise Products Partners LP (NYSE:EPD)?1 year ago | Simply Wall St
How Should Investors Feel About Enterprise Products Partners LP.'s (NYSE:EPD) CEO Pay?Valuation
Is Enterprise Products Partners undervalued compared to its fair value and its price relative to the market?
11.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EPD ($25.95) is trading below our estimate of fair value ($29.16)
Significantly Below Fair Value: EPD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EPD is poor value based on its PE Ratio (12.4x) compared to the Oil and Gas industry average (10x).
PE vs Market: EPD is good value based on its PE Ratio (12.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: EPD is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: EPD is overvalued based on its PB Ratio (2.3x) compared to the US Oil and Gas industry average (0.8x).
Future Growth
How is Enterprise Products Partners forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EPD's forecast earnings growth (2.8% per year) is above the savings rate (1.7%).
Earnings vs Market: EPD's earnings (2.8% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: EPD's earnings are forecast to grow, but not significantly.
Revenue vs Market: EPD's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: EPD's revenue (5.6% 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 (19.9%).
Past Performance
How has Enterprise Products Partners performed over the past 5 years?
14.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EPD has high quality earnings.
Growing Profit Margin: EPD's current net profit margins (14%) are higher than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: EPD's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: EPD's earnings growth over the past year (10.6%) is below its 5-year average (14.9% per year).
Earnings vs Industry: EPD earnings growth over the past year (10.6%) exceeded the Oil and Gas industry -13.3%.
Return on Equity
High ROE: EPD's Return on Equity (18.4%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Enterprise Products Partners's financial position?
Financial Position Analysis
Short Term Liabilities: EPD's short term assets ($7.9B) do not cover its short term liabilities ($8.7B).
Long Term Liabilities: EPD's short term assets ($7.9B) do not cover its long term liabilities ($26.8B).
Debt to Equity History and Analysis
Debt Level: EPD's debt to equity ratio (109.9%) is considered high.
Reducing Debt: EPD's debt to equity ratio has increased from 108.5% to 109.9% over the past 5 years.
Debt Coverage: EPD's debt is well covered by operating cash flow (23.8%).
Interest Coverage: EPD's interest payments on its debt are well covered by EBIT (4.5x 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 0.3x debt).
Dividend
What is Enterprise Products Partners's current dividend yield, its reliability and sustainability?
6.86%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EPD's dividend (6.86%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: EPD's dividend (6.86%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
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 (84.6%), 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 (79.1% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Jim Teague (74yo)
0.08yrs
Tenure
US$8,619,587
Compensation
Mr. A. James Teague, also known as Jim, is a Co-Chief Executive Officer at Enterprise Products Holdings LLC, the general partner of Enterprise Products Partners L.P. since January 28, 2020. Mr. Teague had ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD8.62M) is about average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-CEO & Director of Enterprise Products Holdings LLC | 0.08yrs | US$8.62m | 0.091% $51.7m | |
| Co-CEO & CFO and Director of Enterprise Products Holdings LLC | 8.4yrs | US$5.58m | 0.069% $39.1m | |
| Executive VP & COO | 4.3yrs | US$4.30m | 0.013% $7.3m | |
| Executive VP & Chief Commercial Officer | 3.8yrs | US$2.87m | 0.0041% $2.3m | |
| Principal Accounting Officer & VP | 3.5yrs | no data | 0.0056% $3.2m | |
| Senior VP & Chief Information Officer-Enterprise Products Holdings LLC | 15yrs | no data | no data | |
| Executive VP of Finance & Investor Relations and Treasurer | 0.08yrs | no data | 0.0034% $2.0m | |
| Executive VP | 3.3yrs | US$1.71m | 0.0038% $2.1m | |
| Senior Vice President of Human Resources - Enterprise Products Holdings LLC | 3.5yrs | no data | no data | |
| Senior Vice President of Enterprise Products Holdings LLC | 5.7yrs | no data | no data |
3.6yrs
Average Tenure
55yo
Average Age
Experienced Management: EPD's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-CEO & Director of Enterprise Products Holdings LLC | 0.08yrs | US$8.62m | 0.091% $51.7m | |
| Co-CEO & CFO and Director of Enterprise Products Holdings LLC | 8.4yrs | US$5.58m | 0.069% $39.1m | |
| Executive VP | 3.3yrs | US$1.71m | 0.0038% $2.1m | |
| Director of Enterprise Products Holdings LLC | 5.8yrs | US$185.00k | 0.013% $7.2m | |
| Vice Chairman of Enterprise Products Holdings LLC | 4.1yrs | US$491.85k | 0.073% $41.4m | |
| Advisory Director of Enterprise Products Holdings LLC | 1.1yrs | US$828.40k | 0.044% $25.1m | |
| Chairman of Enterprise Products Holdings LLC | 7yrs | no data | 0.94% $536.7m | |
| Director of Enterprise Products Holdings LLC | 8.4yrs | US$170.00k | 0.0035% $2.0m | |
| Director of Enterprise Products Holdings LLC | 4.3yrs | US$170.00k | 0.0024% $1.4m | |
| Advisory Director of Enterprise Products Holdings LLC | 0.08yrs | US$150.00k | no data |
5.1yrs
Average Tenure
65.5yo
Average Age
Experienced Board: EPD's board of directors are considered experienced (5.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EPD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$56.809b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EPD | NYSE (New York Stock Exchange) | Yes | Common Units | US | USD | Jul 1998 |
| EPD | DB (Deutsche Boerse AG) | Yes | Common Units | DE | EUR | Jul 1998 |
| 0S23 | LSE (London Stock Exchange) | Yes | Common Units | GB | USD | Jul 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:24 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.