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Enterprise Products Partners (EPD)

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Its services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership's assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

Company profile

Ticker
EPD
Exchange
CEO
A. James Teague
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ENTERPRISE PRODUCTS PARTNERS L P, ENTERPRISES PRODUCTS PARTNERS L P
SEC CIK
Subsidiaries
38 Niente LLC • MCN Acadian Gas Pipeline, LLC • Acadian Gas, LLC • Adamana Land Company, LLC • Arizona Gas Storage, L.L.C. • Baton Rouge Fractionators LLC • Baton Rouge Pipeline LLC • Baton Rouge Propylene Concentrator LLC • Baymark Pipeline LLC • Belle Rose NGL Pipeline, L.L.C. ...
IRS number
760568219

EPD stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$32.50
Low target
$32.00
High target
$33.00
Raymond James
Maintains
Strong Buy
$32.00
4 Aug 22
UBS
Maintains
Buy
$33.00
8 Jul 22

Calendar

8 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 397M 397M 397M 397M 397M 397M
Cash burn (monthly) 18.67M 17.83M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 54.07M 51.66M n/a n/a n/a n/a
Cash remaining 342.93M 345.34M n/a n/a n/a n/a
Runway (months of cash) 18.4 19.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 John R Rutherford Common Units Representing Limited Partnership Interests Buy Acquire P No No 25.7758 6,500 167.54K 113,941
24 Jun 22 Barth Carin Marcy Common Units Representing Limited Partnership Interests Buy Acquire P Yes No 23.638 19,050 450.3K 19,050
12 May 22 John R Rutherford Common Units Representing Limited Partnership Interests Buy Acquire P No No 25.7384 10,000 257.38K 107,441
18 Feb 22 John R Rutherford Common Units Representing Limited Partnership Interests Buy Acquire P No No 23.761 15,000 356.42K 97,441
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Payment of exercise Dispose F No No 23.99 8,067 193.53K 134,490
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Option exercise Acquire M No No 0 20,500 0 142,557
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Payment of exercise Dispose F No No 23.99 4,231 101.5K 122,057
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Option exercise Acquire M No No 0 10,750 0 126,288
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Payment of exercise Dispose F No No 23.99 3,739 89.7K 115,538
16 Feb 22 Daniel Boss Common Units Representing Limited Partnership Interests Option exercise Acquire M No No 0 9,500 0 119,277
26.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1099 1115 -1.4%
Opened positions 66 135 -51.1%
Closed positions 82 90 -8.9%
Increased positions 414 425 -2.6%
Reduced positions 307 283 +8.5%
13F shares Current Prev Q Change
Total value 14.25B 15.16B -6.0%
Total shares 582.52M 587.28M -0.8%
Total puts 5.35M 6.33M -15.5%
Total calls 9.93M 10.7M -7.2%
Total put/call ratio 0.5 0.6 -8.9%
Largest owners Shares Value Change
BX Blackstone 57.56M $1.4B -0.2%
Marquard & Bahls 36.95M $900.4M 0.0%
BLK Blackrock 26.1M $635.94M +4.2%
Alps Advisors 25.12M $612.06M -4.4%
ATAC Neuberger Berman 18.74M $456.65M +1.6%
MS Morgan Stanley 16.91M $412.11M -7.0%
Fayez Sarofim & Co 15.99M $389.57M -0.1%
GS Goldman Sachs 15.93M $388.13M -0.5%
American Century Companies 15.08M $367.5M -0.7%
Energy Income Partners 13.83M $337.05M -1.7%
Largest transactions Shares Bought/sold Change
Mitsubishi UFJ Trust & Banking 0 -5.08M EXIT
BNP Paribas Arbitrage 2.55M -3.29M -56.4%
ING ING Groep 2.31M +1.82M +372.0%
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS 0 -1.36M EXIT
JPM JPMorgan Chase & Co. 4.1M +1.34M +48.8%
MS Morgan Stanley 16.91M -1.28M -7.0%
Alps Advisors 25.12M -1.15M -4.4%
BLK Blackrock 26.1M +1.04M +4.2%
Ensign Peak Advisors 8.98M +893.88K +11.1%
Tortoise Capital Advisors, L.L.C. 10.65M -870.01K -7.6%

Financial report summary

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Risks
  • Changes in price levels could negatively impact our revenue, our expenses, or both, which could adversely affect our business.
  • Our construction of new assets is subject to operational, regulatory, environmental, political, geopolitical, legal and economic risks, which may result in delays, increased costs or decreased cash flows.
  • Several of our assets have been in service for many years and require significant expenditures to maintain them. As a result, an increase in future maintenance or repair costs or delays in completing necessary maintenance or repair activities could have a material adverse effect on our financial position, results of operations and cash flows.
  • A cyber-attack on our IT systems could affect our business and assets, and have a material adverse effect on our financial position, results of operations and cash flows.
Management Discussion
  • ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
  • RESULTS OF OPERATIONS.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: ATEX, called, EFS, entirety, hereto, qualified, residue, single, text
Removed: AG, charge, dated, ECHO, Holding, Marquard, Oiltanking, original, southern