ET - Enterprise Products Partners: Don't Let This Cash Cow Slip By You
2024-02-11 00:52:51 ET
Summary
- Enterprise Products Partners is a stable and reliable player in the pipeline/midstream market, generating significant cash flows and offering a 7.73% yield.
- The company has shown strong operational performance, with increasing revenue and net income, and plans for continued growth through investments and share buybacks.
- While not the most appealing in the market, Enterprise Products Partners is undervalued and offers attractive returns for investors seeking a quality prospect with a steady cash payout.
For investors that want attractive yield, some of the best opportunities can be found in the energy market. Although the energy market is typically associated with extreme amounts of volatility because of price fluctuations, one segment of the space that does very well over the long run is the pipeline/midstream market. A great example of an attractive prospect in this space is Enterprise Products Partners ( EPD ), a massive player with a market capitalization of $57.90 billion as of this writing. All combined, the entity owns over 50,000 miles of pipelines, more than 300 million barrels of storage capacity for things like NGLs, crude oil, petrochemicals, and refined products, and around 14 billion cubic feet of natural gas storage capacity....
Enterprise Products Partners: Don't Let This Cash Cow Slip By You