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Enterprise Products Partners

NYSE:EPD
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EPD
NYSE
$57B
Market Cap
  1. Home
  2. US
  3. Energy
Company 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 last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • 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
-1.3%
NYSE:EPD
-1.4%
US Oil and Gas
-1.6%
US Market
1 Year Returns
-0.9%
NYSE:EPD
-6.9%
US Oil and Gas
-1.5%
US Market
EPD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enterprise Products Partners (EPD) -1.3% -0.7% -11.6% -0.9% 10.3% -17.5%
US Oil and Gas -1.4% -3.4% -14.7% -6.9% 10.3% -27%
US Market -1.6% -2.8% -10.2% -1.5% 28.3% 38.9%
1 Year Return vs Industry and Market
  • EPD outperformed the Oil and Gas industry which returned -6.9% over the past year.
Price Volatility
EPD
Industry
5yr Volatility vs Market

Value

 Is Enterprise Products Partners undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enterprise Products Partners.

NYSE:EPD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:EPD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.89 (1 + (1- 21%) (45.16%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.208 * 7.05%)
11.46%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:EPD DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 3,268.00 2,826.27 2,444.25 2,113.86 1,828.14
Source Analyst x1 Est @ -13.52% Est @ -13.52% Est @ -13.52% Est @ -13.52%
Present Value
Discounted (@ 11.46%)
2,931.92 2,274.85 1,765.04 1,369.48 1,062.57
Present value of next 5 years cash flows $9,403.84
NYSE:EPD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $1,828.14 × (1 + 2.95%) ÷ (11.46% – 2.95%)
$22,108.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $22,108.23 ÷ (1 + 11.46%)5
$12,849.94
NYSE:EPD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $9,403.84 + $12,849.94
$22,253.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $22,253.78 / 2,182.66
$10.2
NYSE:EPD Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.20
Current discount Discount to share price of $25.85
= -1 x ($25.85 - $10.20) / $10.20
-153.5%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:EPD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.68
NYSE:EPD Share Price ** NYSE (2018-12-14) in USD $25.85
United States of America Oil and Gas Industry PE Ratio Median Figure of 89 Publicly-Listed Oil and Gas Companies 11.95x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 17.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enterprise Products Partners.

NYSE:EPD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EPD Share Price ÷ EPS (both in USD)

= 25.85 ÷ 1.68

15.4x

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?
Raw Data
NYSE:EPD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
5.1%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 64 Publicly-Listed Oil and Gas Companies 0.39x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

NYSE:EPD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.4x ÷ 5.1%

3x

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?
Raw Data
NYSE:EPD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $10.57
NYSE:EPD Share Price * NYSE (2018-12-14) in USD $25.85
United States of America Oil and Gas Industry PB Ratio Median Figure of 193 Publicly-Listed Oil and Gas Companies 1.09x
United States of America Market PB Ratio Median Figure of 5,074 Publicly-Listed Companies 1.72x
NYSE:EPD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EPD Share Price ÷ Book Value per Share (both in USD)

= 25.85 ÷ 10.57

2.45x

* 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.
X
Value checks
We assess Enterprise Products Partners's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. 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

 How is Enterprise Products Partners expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enterprise Products Partners expected to grow at an attractive rate?
  • Enterprise Products Partners's earnings growth is expected to exceed the low risk savings rate of 3%.
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
Raw Data
NYSE:EPD Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:EPD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 5.1%
NYSE:EPD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.3%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
Raw Data
NYSE:EPD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EPD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 42,516 7,104 4,899 2
2021-12-31 41,532 6,915 4,700 2
2020-12-31 46,826 6,736 4,441 6
2019-12-31 40,541 6,222 4,307 12
2018-12-31 37,420 5,757 4,027 13
NYSE:EPD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2015-12-31 27,028 4,002 2,513

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enterprise Products Partners's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Enterprise Products Partners's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EPD 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 13 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.

NYSE:EPD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.21 2.28 2.11 3.00
2021-12-31 2.13 2.20 2.01 3.00
2020-12-31 1.99 2.21 1.85 10.00
2019-12-31 1.94 2.11 1.84 14.00
2018-12-31 1.84 1.98 1.72 13.00
NYSE:EPD Past Financials Data
Date (Data in USD Millions) EPS *
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
2015-12-31 1.28

*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%).
X
Future performance checks
We assess Enterprise Products Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Enterprise Products Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (36.5% vs 3%)
  • Enterprise Products Partners's earnings growth has not exceeded the US Oil and Gas industry average in the past year (36.5% vs 118.6%).
Earnings and Revenue History
Enterprise Products Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enterprise Products Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EPD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 2,500.20 159.40
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
2011-12-31 44,313.00 2,046.90 169.80

*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 improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Enterprise Products Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Enterprise Products Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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.
Raw Data

All data from Enterprise Products Partners Company Filings, last reported 2 months ago.

NYSE:EPD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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
2011-12-31 12,219.30 14,840.80 63.50
  • Enterprise Products Partners's level of debt (110.2%) 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 (119.4% vs 110.2% today).
  • Debt is well covered by operating cash flow (23.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Enterprise Products Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enterprise Products Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
6.69%
Current annual income from Enterprise Products Partners dividends. Estimated to be 6.99% next year.
If you bought $2,000 of Enterprise Products Partners shares you are expected to receive $134 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enterprise Products Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Enterprise Products Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
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.
Raw Data
NYSE:EPD Annualized Past and Future Dividends
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 13 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1982 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EPD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.99 6.00
2021-12-31 1.91 6.00
2020-12-31 1.84 17.00
2019-12-31 1.78 21.00
2018-12-31 1.73 21.00
NYSE:EPD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-04 1.730 6.390
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
2009-01-08 1.060 9.852
2008-12-15 1.045 9.868

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 (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Enterprise Products Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Teague
COMPENSATION $7,697,938
AGE 73
TENURE AS CEO 2.9 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:

2.9
Average Tenure
59.5
Average Age
  • The tenure for the Enterprise Products Partners management team is about average.
Management Team

Jim Teague

TITLE
CEO & Director of Enterprise Products Holdings LLC
COMPENSATION
$8M
AGE
73
TENURE
2.9 yrs

Randy Fowler

TITLE
President
COMPENSATION
$5M
AGE
61
TENURE
2.9 yrs

Graham Bacon

TITLE
Executive VP of Operations & Engineering - Enterprise Products Holdings LLC
COMPENSATION
$3M
AGE
54
TENURE
3.2 yrs

Bill Ordemann

TITLE
Executive Vice President of Strategy Devt. & Implementation - Enterprise Products Holdings LLC
COMPENSATION
$3M
AGE
58
TENURE
0.7 yrs

Brent Secrest

TITLE
Senior Vice President of Commercial - Enterprise Products Holdings LLC
COMPENSATION
$2M
AGE
45
TENURE
2.6 yrs

Edwin Smith

TITLE
Advisory Director of Enterprise Products Holdings LLC
COMPENSATION
$150K
AGE
86
TENURE
4.7 yrs

Larry Casey

TITLE
Advisory Director of Enterprise Products Holdings LLC
COMPENSATION
$150K
AGE
85
TENURE
4.7 yrs

Michael Hanson

TITLE
Principal Accounting Officer & VP of Financial Reporting - Enterprise Products Holdings LLC
AGE
51
TENURE
2.3 yrs

Paul Flynn

TITLE
Senior VP & Chief Information Officer-Enterprise Products Holdings LLC
TENURE
13.8 yrs

Randy Burkhalter

TITLE
Vice President of Investor Relations
Board of Directors Tenure

Average tenure and age of the Enterprise Products Partners board of directors in years:

4.7
Average Tenure
62.5
Average Age
  • The tenure for the Enterprise Products Partners board of directors is about average.
Board of Directors

Randa Duncan Williams

TITLE
Chairman of Enterprise Products Holdings LLC
AGE
56
TENURE
5.8 yrs

Jim Teague

TITLE
CEO & Director of Enterprise Products Holdings LLC
COMPENSATION
$8M
AGE
73
TENURE
8.1 yrs

Richard Bachmann

TITLE
Vice Chairman of Enterprise Products Holdings LLC
COMPENSATION
$3M
AGE
65
TENURE
2.9 yrs

Randy Fowler

TITLE
President
COMPENSATION
$5M
AGE
61
TENURE
7.3 yrs

Hap Weitzel

TITLE
Senior VP
COMPENSATION
$2M
AGE
54
TENURE
2.1 yrs

Charles McMahen

TITLE
Presiding Director of Enterprise Products Holdings LLC
COMPENSATION
$190K
AGE
78

Jim Hackett

TITLE
Director of Enterprise Products Holdings LLC
COMPENSATION
$190K
AGE
64
TENURE
4.7 yrs

Dick Snell

TITLE
Director of Enterprise Products Holdings LLC
COMPENSATION
$175K
AGE
75
TENURE
7.3 yrs

Carin Barth

TITLE
Director of Enterprise Products Holdings LLC
COMPENSATION
$173K
AGE
55
TENURE
3.2 yrs

Bill Montgomery

TITLE
Director of Enterprise Products Holdings LLC
COMPENSATION
$170K
AGE
56
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Enterprise Products Partners insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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
07. Mar 18 Buy A. Teague Individual 07. Mar 18 07. Mar 18 20,000 $24.86 $497,198
27. Dec 17 Buy A. Teague Individual 27. Dec 17 27. Dec 17 11,300 $26.47 $299,100
X
Management checks
We assess Enterprise Products Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

External News
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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 -

How 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 -

How 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 -

At $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 -

Enterprise 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 -

Should 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 -

What 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 -

Enterprise 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 -

Only 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 -

Should 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 -

Company Info

Map
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 19,600 miles of NGL pipelines; NGL and related product storage facilities; 14 NGL fractionators; and a liquefied petroleum gas and ethane export terminals, and related operations. The Crude Oil Pipelines & Services segment operates approximately 5,800 miles of crude oil pipelines; and crude oil storage and marine terminals located in Oklahoma and Texas, as well as a fleet of 495 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, associated deisobutanizer units, and related pipeline assets; 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
$57,382,172,149
2,182,661,550
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
Staff numbers
0
Enterprise Products Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/14 23:40
End of day share price update: 2018/12/14 00:00
Last estimates confirmation: 2018/12/13
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.