NVDA - Enterprise Products Partners: Latest Results Are Solid For This Core Holding
2024-02-09 17:19:57 ET
Summary
- Enterprise Products Partners L.P. reported strong Q4 2023 earnings, beating expectations in terms of revenue and net income.
- The company's unit price has been in a downtrend despite strong fundamentals. This may be due to large institutional investors betting on Magnificent 7 stocks.
- The company's financial figures improved significantly YOY, mostly due to strong performance from liquids and volume growth.
- The company's leverage is very reasonable and its 7.85% yield appears quite sustainable.
- The company continues to look like a solid core holding for income-focused investors.
On Thursday, February 1, 2024, midstream partnership Enterprise Products Partners L.P. ( EPD ) announced its fourth quarter 2023 earnings results. At first glance, these results were quite strong, as the company managed to beat the expectations of its analysts in terms of both top line revenue and bottom line net income:
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