CA - Enterprise Products Partners: The Returns Will Keep Flowing

2024-05-21 12:09:08 ET

Summary

• Enterprise Products Partners is a major player in the energy transportation and storage market, with a vast network of pipelines and storage facilities.
• The company reported strong financial performance in the first quarter of 2024, with revenue increasing by 18.6% year-over-year.
• Enterprise Products Partners has low leverage and offers a high yield, making it an attractive investment for those seeking stability and cash flow.

Ever since finding out about the midstream/pipeline space, I have been drawn to the sector. There are many advantages that companies in this space tend to offer. Although they do have, typically speaking, a lot of debt on their books, they generate tremendous amounts of cash. They steadily grow and are financially predictable. They also pay out a lot of that cash, while also trading at rather cheap multiples. While not my favorite in the space, one player that is certainly worthy of attention is Enterprise Products Partners ( EPD )....

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