Enterprise Prods Partners Bolsa (NYSE: EPD)

Últimas noticias sobre Enterprise Prods Partners (NYSE:EPD) Bolsa

Enterprise Prods Partners

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Enterprise Products Partners L.P. Common Stock

Enterprise Products Partners LP

ENTERPRISE PRDS PFD UT A by Enterprise Products Partners L.P.

As geopolitical tensions between Iran and Israel escalate, the global energy markets are once again on edge. Recent developments, including Iranian missile strikes on Tel Aviv and Israel&#39;s ground operations in southern Lebanon, have rattled investor confidence. The rising fear that the conflict in the Middle East could disrupt supply from key oil-producing nations has already triggered a surge in oil prices.
The effects of market volatility are generally more subdued for the midstream energy sector, which plays a critical role in transporting and storing oil and natural gas. These companies&#39; operational models are designed to offer stability, largely insulated from fluctuating commodity prices. In the current climate of uncertainty, midstream firms are proving their resilience by maintaining steady revenue streams through long-term contracts, even as oil prices spike.
<h2>Stability in Unstable Times</h2>
Midstream energy companies, which manage essential infrastructure like pipelines and storage facilities, typically operate under long-term &quot;take-or-pay&quot; contracts. These contracts guarantee that shippers, such as oil producers, pay for reserved capacity regardless of how much they use&nbsp;it. This framework ensures that&nbsp;midstream firms receive stable revenues, independent of short-term shifts in oil prices or demand fluctuations.
This unique model allows midstream players to secure predictable cash flows and earnings, even during market turmoil. As oil prices climb due to concerns over supply disruptions, midstream companies can benefit from increased production activity and higher throughput in their pipelines without being directly exposed to the volatility of oil prices.
<h2>Leveraging Oil Price Increases</h2>
While midstream firms are generally insulated from price swings, rising oil prices can still create growth opportunities. In particular, higher oil prices encourage producers to ramp up output, especially in the key U.S. basins like the Permian. This, in turn, drives the volumes transported by midstream companies and boosts the demand for storage services, as producers may choose to hold onto crude until prices peak.
By capitalizing on the increased production and transportation activity, midstream companies can see revenue growth through higher tariffs on their pipelines and enhanced utilization of storage assets.
<h2>Midstream Leaders: EPD, MPLX &amp; HESM</h2>
Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>): With a substantial portion of its revenues coming from long-term, fee-based contracts, EPD remains largely insulated from commodity price volatility. The company&#39;s extensive crude oil pipeline infrastructure, particularly in the Permian Basin, positions it to benefit from increased production activity as oil prices rise.
MPLX LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>): Through its strong partnership with Marathon Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpc#NYSE">MPC</a>), MPLX secures consistent revenues via long-term agreements with minimum volume commitments. This predictable income stream, combined with its expansive network of pipelines in key U.S. regions, allows MPLX to capitalize on higher oil prices through increased throughput and demand for storage services.
Hess Midstream (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hesm#NYSE">HESM</a>): Generating nearly all its revenues from long-term, fee-based contracts with Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), Hess Midstream is shielded from commodity price fluctuations. HESM&#39;s predictable income model, combined with increased production by Hess in times of higher oil prices, provides growth opportunities tied to greater volumes across its infrastructure.
<a href="https://www.zacks.com/stock/news/2349423/3-midstream-stocks-poised-to-benefit-as-geopolitical-tensions-rise?cid=CS-BENZ-FT-analyst_blog|industry_focus-2349423">To read this article on Zacks.com click here.</a>

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3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise

Enterprise Products Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is currently considered undervalued, trading at a 9.81x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 11.89x.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/79322.jpg?v=432385788" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
While a discount valuation often presents a potentially profitable opportunity for investors, it is essential to investigate whether the partnership is facing any internal challenges. A more comprehensive analysis is required to determine if EPD&#39;s discounted valuation is justified based on its fundamentals, growth prospects and prevailing market conditions.
<h2>EPD&#39;s $7B Key Projects &amp; Handsome Distribution Yield</h2>
Enterprise Products, a top-tier North American midstream service provider, boasts a vast and diversified asset portfolio. This includes more than 50,000 miles of pipelines and a storage capacity of 300 million barrels. These assets are utilized by shippers on long-term contracts to transport and store natural gas liquids, crude oil, refined products and petrochemicals. The partnership also has 14 billion cubic feet of natural gas storage capacity, securing stable fee-based revenues.
Additionally, EPD is set to generate additional fee-based earnings with $6.7 billion worth of major capital projects either currently in service or under construction. These project backlogs will not only secure stable cashflows but will also generate handsome unit-holder returns.
<img alt="Enterprise Products Partners LP" src="https://staticx-tuner.zacks.com/images/articles/charts/42/75535.jpg?v=193354622" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Enterprise Products Partners LP
Supported by its stable and resilient business model, Enterprise Products has achieved 26 consecutive years of distribution hikes. The current distribution yield of the partnership stands at 7.2%, higher than 6.5% of the composite stocks belonging to the&nbsp;industry.
Distribution Yield
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Image Source: Zacks Investment Research
<h2>EPD to Buy Pinon Midstream: Additional Fee-Based Earnings?</h2>
On Aug. 21, Enterprise Products announced an agreement to acquire Pi&ntilde;on Midstream for $950 million in an all-cash transaction. Pi&ntilde;on, a key player in gas gathering, compression and treating, operates in the Delaware Basin, a sub-basin of the Permian.
Once the acquisition of all the equity interests in Pi&ntilde;on is completed, likely in the fourth quarter of this year, Enterprise Products will secure additional fee-based earnings. This is because Pi&ntilde;on&#39;s assets, comprising 50 miles of natural gas gathering pipelines, compressor stations and treating facilities with plans for significant capacity expansion, are backed by long-term fee-based contracts, minimizing exposure to commodity price fluctuations and reducing volume risks.
Pi&ntilde;on operates a premier sour gas treatment system in the Delaware Basin, an area with significant untapped potential. With the acquisition, EPD will be able to establish a significant presence in the basin much faster.
<h2>Should Investors Take a Chance on Undervalued EPD Stock?</h2>
Despite these positive developments, the partnership&#39;s stock is trading at a discount to its true value. Year to date, its units have jumped 17.3%, lagging the industry&#39;s composite stock growth of 24.2%. Prominent midstream companies such as Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) and Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) have also surpassed EPD, achieving gains of 31% and 20.5%, respectively, during the same timeframe.
Year-To-Date Price Chart
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Image Source: Zacks Investment Research
It appears that Enterprise Products has the potential to outperform the industry once the stock market begins to acknowledge its true value. However, there are concerns surrounding the stock, particularly regarding EPD&#39;s rising long-term debt, which is near its highest level in over a decade. This debt is primarily being utilized to finance substantial capital projects, and analysts worry that significant debt reduction may not occur in the near term. Recently, the company issued $2.5 billion in bonds at relatively favorable rates, but current borrowing rates exceed historical averages, resulting in increasingly rapid interest payments.
While EPD is currently undervalued, investors are probably better off not buying the stock until there is greater clarity on the partnership&#39;s future. Those who already own the stock should hold on to it. The stock carries a Zacks Rank #3 (Hold) at present.
Notably, major brokers have increased EPD&#39;s short-term price target by 14.1% from its recent closing price of $29.25, with the highest target set at $37, indicating a potential upside of 26.5%. Consequently, current investors holding their units stand to benefit from this upward price trend in the interim.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/40/79323.jpg?v=1169870962" style="border-style:solid; border-width:1px; height:310px; width:600px" />
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<a href="https://www.zacks.com/stock/news/2342205/is-enterprise-s-cheap-valuation-an-opportunity-to-invest-in-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342205">To read this article on Zacks.com click here.</a>

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Is Enterprise's Cheap Valuation an Opportunity to Invest in the Stock?

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 12.5% since its last report. The company recently reported that it has 15.73 million shares sold short, which is 1.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Enterprise Prods Partners's Recent Short Interest

Energy companies on the U.S. Gulf Coast <a href="https://www.benzinga.com/government/24/09/40822108/hurricane-francine-approaches-louisiana-coast-may-become-category-2-storm">suffered minimal damage</a> after Hurricane Francine made landfall on Wednesday as a Category 2 hurricane and weakened as it made its way inland on Thursday.
Shell plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) inspected its manufacturing sites in Geismar and Norco, Louisiana, to ensure the. integrity of its equipment, systems and processes.
&#8220;At this early stage, there does not appear to be serious damage from wind, rain or storm surge at the facilities,&#8221; the company said on Thursday.
&#8220;As always, the safety of our people, the environment and our assets are Shell's top priority.&#8221;
Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) said it had 10,790 customer outages in the southern area of its Mississippi territory, and that outages are expected to fluctuate throughout Thursday as the storm moved through its service area.
&#8220;We have assembled a team of over 1,500 linemen, vegetation workers, damage assessors and support personnel to work with our Entergy teams in the restoration process,&#8221; the company said.
Read Also:<a href="https://www.benzinga.com/markets/equities/24/09/40838076/hurricane-disrupts-ups-deliveries-in-southern-us-details"> Hurricane Disrupts UPS Deliveries In Southern US: Details</a>
 &#8220;We stand ready as Francine continues to impact our service area and are responding by assessing damage and restoring service to our customers where it is safe to do so.&#8221;
Pipeline operator Enterprise Products Partners LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>)&nbsp;on Thursday said its assets in south Louisiana did not sustain any noteworthy damage as a result of the storm, but it did say that some customers lost power, Reuters reported.
&#8220;The main issue at present is a loss of commercial power at locations in the track of the storm. Temporary generators are being deployed where possible and Enterprise is working with electric service providers to prioritize their restoration efforts,&#8221; the company said.
The hurricane weakened Thursday as it headed inland, allowing emergency crews in Lousiana to begin clearing roads while utility workers started restoring electricity, the Associated Press <a href="https://apnews.com/article/francine-tropical-storm-louisiana-gulf-coast-09879999e209ff5e043ef0e4ca7f527f">reported</a>.
At the height of the storm, 450,000 people in Louisiana were without power, according to the state&#8217;s Public Service Commission. Many outages were caused by falling debris.
Hurricane Francine dumped up to six inches of rain in parts of Mississippi, Arkansas, Tennessee and Georgia and up to 10 inches in some areas of Alabama and Florida.
Price Action: Energy companies with facilities on the U.S. Gulf Coast trended upward on Thursday.
<ul>
<li>Shell gained 1.16% to close at $66.98</li>
<li>Entergy picked up 1.09% to end the trading day at $123.55</li>
<li>Enterprise Product Partners edged up 0.79% to close at $29.40</li>
</ul>
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), a manufacturer of generators for homes and businesses, declined 1.76% to $140.68 on Thursday. 
Read Now: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">Storm Debby Headed For NYC, Highly Populated Areas As &#8216;Catastrophic Flooding&#8217; Persists</a></li>
</ul>
Photo: Courtesy NOAA

GNRC

SHEL

Energy Companies Sustain Minimal Damages As Hurricane Francine Weakens Inland

Enterprise Products Says The Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible; Working With Electric Service Providers To Prioritize Their Restoration Efforts

Enterprise Products Partners Says Initial Assessments Indicate That Co's Assets Fared Well During Storm Francine And Sustained No Noteworthy Damage; "Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible"; Personnel, Equipment Have Been Mobilized And Re-entry Teams Are In Process Of Assessing Damage In Preparation For Clean-up, Resuming Operations

Enterprise To Acquire Piñon Midstream For $950M In Cash Consideration

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 10.78% since its last report. The company recently reported that it has 13.32 million shares sold short, which is 0.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723234523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Truist Securities analyst Neal Dingmann maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $35 to $37.

Truist Securities Maintains Buy on Enterprise Prods Partners, Raises Price Target to $37

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported second-quarter fiscal 2024 sales growth of 26.6% year over year to $13.48 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031518/enterprise-reports-results-for-second-quarter-2024" rel="noreferrer noopener">missing the consensus of $14.27 billion.</a>
Adjusted EBITDA rose to $2.39 billion from $2.17 billion a year ago, and the margin contracted by 266 bps to 17.7%.
EPS was 64 cents, up from 57 cents in the second quarter of 2023, <a href="https://www.benzinga.com/earnings">missing the consensus of 65 cents.</a>
Distributable Cash Flow was $1.812 billion for the quarters compared to $1.735 billion a year ago. Adjusted cash flow provided by operating activities was $2.065 billion compared to $1.886 billion in the second quarter of 2023.
Adjusted total gross operating margin contracted by 260 bps to 17.9%.
The gross operating margin from the NGL Pipelines &amp; Services segment was $1.3 billion compared to $1.1 billion a year ago.
Natural Gas Pipelines &amp; Services gross operating was $293 million versus $238 million YoY; Petrochemical &amp; Refined Products Services gross operating margin was $392 million versus $383 million a year ago.
In the quarter, capital investments came in at $1.3 billion, including sustaining capital expenditures of $245 million.
Total debt principal outstanding at June-end was $30.6 billion; consolidated liquidity was ~$3.4 billion, comprised of available borrowing capacity under its revolving credit facilities and unrestricted cash on hand.
&#8220;Even though the second quarter is typically our seasonally weakest quarter, the partnership handled a near record 12.6 million BPD of equivalent pipeline volumes and 2.2 million BPD of marine terminal volumes, as well as record fee-based natural gas processing, NGL pipeline and NGL fractionation volumes,&#8221; commented A. J. &#8220;Jim&#8221; Teague, co-chief executive officer of Enterprise&#8217;s general partner.
&#8220;The partnership has $6.7 billion of fee-based growth projects under construction that provide visibility to future earnings and cash flow growth,&#8221; stated Teague.
The company repurchased ~$40 million of its common units for the quarter, utilizing 50% of its authorized $2 billion common unit buyback program.
The company expects organic growth capital investments of $3.5 billion to $3.75 billion in 2024 and $3.25 billion to $3.75 billion in 2025. It sees sustaining capital expenditures of $600 million in 2024.
Additionally, Enterprise Products Partners announced an expansion of the Houston Ship Channel facility, increasing propane and butane export capacity by 300,000 BPD. The expanded service <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031767/enterprise-expanding-houston-ship-channel-export-facility" rel="noreferrer noopener">is expected to begin by the end of 2026.</a>
The need for increased LPG capacity at EHT is driven by Enterprise&#8217;s success at Neches River Terminal.
Price Action: EPD shares are trading lower by 1.36% at $29.30 at the last check Tuesday.

Enterprise Products Misses Q2 Estimates, Plans Houston Ship Channel Expansion

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced that it is moving forward with a key expansion project along the Houston Ship Channel in response to continued strong customer demand for natural gas liquids export capacity. At the Enterprise Hydrocarbons Terminal (&quot;EHT&quot;), the company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 barrels per day (&quot;BPD&quot;). In addition to providing incremental capacity for liquefied petroleum gas (&quot;LPG&quot;), the expansion will increase instantaneous loading rates for propane and butane, while making additional capacity available for propylene exports. The expanded service is expected to begin by the end of 2026.
The need for increased LPG capacity at EHT is being driven by the success Enterprise has had in contracting the company&#39;s flexible product capacity at its Neches River Terminal (&quot;NRT&quot;) being developed in Orange County, Texas, adjacent to the company&#39;s Beaumont East refined products terminal. Phase 1 of the NRT buildout includes the addition of a new loading dock, an ethane refrigeration train with a nameplate capacity of 120,000 BPD, and a 900,000-barrel refrigerated tank that will accommodate loading rates up to 45,000 barrels per hour. Phase 1 is expected to begin service in the second half of 2025.
Phase 2 includes a second refrigeration train that will allow Enterprise to load up to 180,000 BPD of ethane, 360,000 BPD of propane, or a combination of the two. The second phase is expected to begin service in the first half of 2026.
Growth capital associated with the EHT and NRT projects fits within the company&#39;s existing forecasted growth capital expenditure ranges for 2024-2026.

Enterprise Products Partners Boosts Propane and Butane Exports with Houston Terminal Expansion

Distributable Cash Flow ("DCF") was $1.8 billion for the second quarter of 2024, compared to $1.7 billion for the second quarter of 2023. Distributions declared with respect to the second quarter of 2024 increased 5 percent to $0.525 per common unit, or $2.10 per common unit annualized, compared to distributions declared for the second quarter of 2023. DCF provided 1.6 times coverage of the distribution declared for the second quarter of this year, and Enterprise retained $661 million of DCF

Enterprise Products Partners Q2 Distributable Cash Flow $1.8B

Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.65 by 1.54 percent. This is a 12.28 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $13.483 billion which missed the analyst consensus estimate of $14.270 billion by 5.52 percent. This is a 26.59 percent increase over sales of $10.651 billion the same period last year.

Earnings Misses

Enterprise Prods Partners Q2 2024 GAAP EPS $0.64 Misses $0.65 Estimate, Sales $13.483B Miss $14.270B Estimate

Murphy USA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/musa#NYSE">MUSA</a>) is set to release second-quarter results on Jul 31. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $6.90 per share on revenues of $5.6 billion.
Let&#39;s delve into the factors that might have influenced the downstream operator&#39;s results in the June quarter. But it&#39;s worth taking a look at MUSA&#39;s previous-quarter performance first.
<h3>Highlights of Q1 Earnings &amp; Surprise History</h3>
In the last reported quarter, the El Dorado, AR-based motor fuel retailer missed the consensus mark due to lower fuel margins and weak petroleum product sales. MUSA had reported earnings per share of $3.12, well below the Zacks Consensus Estimate of $4.09. Revenues of $4.8 billion generated by the firm also came below the consensus mark by $25 million.
MUSA beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 3.1%, on average. This is depicted in the graph below:
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<h3>Murphy USA Inc. Price and EPS Surprise</h3>
<img alt="Murphy USA Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/98/1721817755.png" style="height:266px; width:553px" title="" />
Murphy USA Inc. price-eps-surprise | Murphy USA Inc. Quote
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for the second-quarter bottom line has been revised 2.7% upward in the past seven days. The estimated figure indicates a 14.6% improvement year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests essentially no change from the year-ago period.
</div>
<h3>Factors to Consider</h3>
Our model sees MUSA&#39;s total fuel contribution gain 15.5% quarter over quarter to $330.5 million due to margin expansion. Moreover, total fuel contribution (including retail fuel margin plus product supply and wholesale results) is likely to have come in at 26.6 cents per gallon compared to 24.8 cents in the first quarter of 2024.
Murphy USA is also expected to have benefited from sequentially higher petroleum product sales during the quarter. Our model projects the company&#39;s second-quarter petroleum product sales at $4.3 billion, up 13.7% from the previous quarter&#39;s level of $3.8 billion. Further, our model predicts MUSA to clock merchandise sales of $1.1 billion compared with the first quarter&#39;s $1 billion. This increase in sales is likely to have had a positive effect on the second-quarter revenues and cash flows of Murphy USA.
On a further bullish note, the rise in MUSA&#39;s retail fuel gallons might have supported the company&#39;s to-be-reported bottom line. Going by our model, the company&#39;s second-quarter retail fuel volume is likely to have totaled 1,241.8 million gallons, gaining around 90 million gallons from the January-March period. Our model also projects volumes on a same-store sales basis (or fuel gallons per store) to have gained around 6% from the first quarter of 2024 to 241 thousand.
<h3>Why a Likely Positive Surprise?</h3>
Our proven model predicts an earnings beat for Murphy USA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
MUSA has an Earnings ESP of +0.10% and a Zacks Rank #3.
<h3>Other Stocks to Consider</h3>
Murphy USA is not the only company looking up this earnings cycle. Here are some other firms that you may want to consider on the basis of our model:
Enterprise Products Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) has an Earnings ESP of +4.25% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 30.
The 2024 Zacks Consensus Estimate for Enterprise Products Partners indicates 7.5% year-over-year earnings per share growth. It has a trailing four-quarter earnings surprise of 1%, on average. Valued at around $65.1 billion, EPD has gone up 10.5% in a year.
Northern Oil and Gas (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nog#NYSE">NOG</a>) has an Earnings ESP of +1.93% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 30.
Over the past 30 days, the Zacks Consensus Estimate for Northern Oil and Gas&#39; 2024 earnings has moved up 2.1%. It has a trailing four-quarter earnings surprise of 4.5%, on average. Valued at around $4.1 billion, NOG has inched up 1.9% in a year.
Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) has an Earnings ESP of +20.67% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 31.
Transocean&#39;s expected EPS growth rate for three to five years is currently 32.6%, which compares favorably with the industry&#39;s growth rate of 17.6%. It has a trailing four-quarter earnings surprise of 11.8%, on average. Valued at around $5.1 billion, RIG has lost 35.3% in a year.
<a href="https://www.zacks.com/stock/news/2307654/can-murphy-usa-musa-pull-off-a-strong-show-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2307654">To read this article on Zacks.com click here.</a>

Earnings Beats

MUSA

Can Murphy USA Pull Off a Strong Show in Q2 Earnings?

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 10.53% since its last report. The company recently reported that it has 14.86 million shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721395818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can&#39;t control the latter, but they can focus on a company&#39;s earnings results every quarter.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it&#39;s time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Enterprise Products Partners?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.69 a share 27 days away from its upcoming earnings release on August 6, 2024.
By taking the percentage difference between the $0.69 Most Accurate Estimate and the $0.66 Zacks Consensus Estimate, Enterprise Products Partners has an Earnings ESP of +5.34%. Investors should also know that EPD is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they&#39;ve reported.
EPD is part of a big group of Oils and Energy stocks that boast a positive ESP, and investors may want to take a look at TC Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trp#NYSE">TRP</a>) as well.
Slated to report earnings on July 25, 2024, TC Energy holds a #3 (Hold) ranking on the Zacks Rank, and it&#39;s Most Accurate Estimate is $0.65 a share 15 days from its next quarterly update.
The Zacks Consensus Estimate for TC Energy is $0.63, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +3.18%.
EPD and TRP&#39;s positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
<a href="https://www.zacks.com/stock/news/2299071/these-2-oils-and-energy-stocks-could-beat-earnings-why-they-should-be-on-your-radar?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_earnings_esp-2299071">To read this article on Zacks.com click here.</a>

These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 8.65% since its last report. The company recently reported that it has 16.47 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718802016_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(EPD) - Analyzing Enterprise Prods Partners's Short Interest

Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) has unveiled plans for an expansion of the Westcoast Pipeline in British Columbia to address the rising natural gas demand in the province and the U.S. Pacific Northwest.
The Sunrise Expansion Program suggests extending the southern segment of the pipeline, referred to as Transmission-South.
The expansion project will add a 137-kilometer looping pipeline with a 42-inch diameter, significantly boosting the natural gas transportation capacity by 300 million cubic feet per day. The development is intended to ensure a steady supply of natural gas for various uses, including heating homes and businesses, powering hospitals and schools, and generating electricity.
The Westcoast Pipeline, operational for 70 years, has a history dating back to the 1950s when the initial 30-inch diameter pipeline was installed, followed by a 36-inch diameter pipeline in the 1970s. The system is regulated by the Canada Energy Regulator (&quot;CER&quot;) as it is an interprovincial pipeline.
Enbridge submitted its application for the Sunrise Expansion Program to the CER on May 30, 2024. The company anticipates starting construction in 2026, with a projected completion date by the end of 2028.
Westcoast Energy Inc., an Enbridge subsidiary, owns and operates the extensive Westcoast/BC Pipeline system, which spans more than 2,900 kilometers from Fort Nelson and Gordondale near the Alberta border to the Canada-U.S. border and Huntington/Sumas.
To minimize the project&#39;s impacts on local communities, Enbridge will implement a socio-economic management plan, recognizing the presence of indigenous groups in the area. The project will include temporary lodging and parking facilities, requiring approximately 10 acres of land to accommodate up to 120 workers during construction.
Furthermore, the company is committed to prioritizing workplace health and safety training, human rights protection, and human trafficking prevention awareness throughout the project.
The Sunrise Expansion Program reflects Enbridge&#39;s commitment to meeting the growing energy needs, while addressing socio-economic and environmental considerations in the regions it serves.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Enbridge carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked companies mentioned below. The three companies presently carry a Zacks Rank #2 (Buy).
Enterprise Products Partners&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is among the leading midstream energy players in North America. It has an extensive network of pipelines that spreads across more than 50,000 miles.
The Zacks Consensus Estimate for EPD&#39;s 2024 and 2025 earnings per share is pegged at $2.73 and $2.87, respectively. The company has a Zacks Style Score of A for Value and Momentum. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
ProPetro Holding Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>) is an oilfield services provider operating primarily in the Permian Basin spread over West Texas and New Mexico. ProPetro&#39;s strategic transition to next-generation equipment, including FORCE electric fleets, underscores its market leadership and cutting-edge technology.
The Zacks Consensus Estimate for PUMP&#39;s 2024 and 2025 EPS is pegged at 67 cents and 83 cents, respectively. The company has a Zacks Style Score of A for Value and B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
USA Compression Partners, LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usac#NYSE">USAC</a>) is one of the largest independent natural gas compression service providers across the United States in terms of fleet horsepower. USA Compression Partners earns its revenues from the overall horsepower use of natural gas transported rather than the price. As such, the partnership is largely insulated from fluctuations in commodity prices.
The Zacks Consensus Estimate for USAC&#39;s 2024 and 2025 EPS is pegged at 77 cents and 98 cents, respectively. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2288018/enbridge-enb-announces-plans-to-expand-westcoast-pipeline?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2288018">To read this article on Zacks.com click here.</a>

Small Cap

PUMP

USAC

Enbridge Announces Plans to Expand Westcoast Pipeline

9 analysts have shared their evaluations of Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $33.33, a high estimate of $35.00, and a low estimate of $31.00. This current average has increased by 2.18% from the previous average price target of $32.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1718028022_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Enterprise Prods Partners. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$34.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$35.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$33.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Buy</td>
<td>$34.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$34.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enterprise Prods Partners. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Enterprise Prods Partners compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Enterprise Prods Partners's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Enterprise Prods Partners's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EPD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enterprise Prods Partners analyst ratings.</a>
<h2>Discovering Enterprise Prods Partners: A Closer Look</h2>
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
<h3>Unraveling the Financial Story of Enterprise Prods Partners</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Enterprise Prods Partners's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 18.61%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Enterprise Prods Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 9.77%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enterprise Prods Partners's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.21%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Enterprise Prods Partners's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.03%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.06, Enterprise Prods Partners adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Enterprise Prods Partners Stock: A Deep Dive Into Analyst Perspectives (9 Ratings)

Morgan Stanley analyst Robert Kad maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Equal-Weight and lowers the price target from $35 to $34.

Morgan Stanley Maintains Equal-Weight on Enterprise Prods Partners, Lowers Price Target to $34

Enterprise Products Partners: Powering Profits With Midstream Mastery

Invest $100,000 For Durable Income Without Losing Sleep At Night

Western Midstream: My Top 2 MLP Income Pick

SA Asks: Which stocks are best positioned for more rate cuts?

Top-ranked U.S. oil companies by quant metrics

As oil prices surge amid rising tensions in the Middle East, energy stocks are gaining momentum. Fundamentally sound companies like Enterprise Products Partners (EPD), Energy Transfer (ET), and Suncor Energy (SU) are well-positioned to capitalize on the favorable pricing environment, making them attractive options for those looking to navigate the volatility in oil markets. Read more… The recent surge in oil prices has sparked renewed interest in energy stocks, particularly those thriving despite the ongoing volatility in the market. Investors looking to capitalize on this trend, could take a look at these three fundamentally sound companies like, Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), and Suncor Energy Inc. (<a href="https://stocknews.com/stock/SU/">SU</a>).
As tensions escalate in the Middle East, with Israeli troops moving into Lebanon and Iran launching missile attacks, concerns about oil supply disruptions are pushing prices higher. Recently, Brent crude prices <a href="https://www.msn.com/en-us/money/markets/oil-prices-extend-gains-on-fears-of-wider-middle-east-conflict/ar-AA1rPz7F">rose close to $80 per barrel</a> with U.S. West Texas Intermediate (WTI) following suit. Brent crude futures gained $1.09 to hit $79.14 a barrel, while WTI rose $1.15 to reach $75.53 per barrel.
Moreover, Iran's strategic control over key shipping routes, such as the Strait of Hormuz, and its significant oil output, adds further uncertainty to global supply. Analysts warn that any escalation in the region could drive prices even <a href="https://www.theguardian.com/business/2024/oct/01/financial-markets-oil-price-risk-middle-east-crisis">closer to $100 per barrel</a>, providing a significant tailwind for energy stocks.
Meanwhile, the International Energy Agency (IEA) also expects global gas demand to rise by more than <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">2.5% in 2024</a>, with similar growth projected in 2025. Further, with Brent crude expected to average $82.80 per barrel in 2024 due to ongoing OPEC+ production cuts and supply concerns, the energy sector remains a promising area for investment.
With that in mind, let's analyze the fundamental aspects of the featured stocks in detail:
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines &amp; Services; Crude Oil Pipelines &amp; Services; Natural Gas Pipelines &amp; Services; and Petrochemical &amp; Refined Products Services. 
On October 2, the company declared a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $0.525 per unit, payable to common unitholders on November 14, 2024. With 25 years of consecutive dividend growth, EPD pays an annual dividend of $2.10, which translates to a yield of 7.07% at the current share price. Its four-year average dividend yield is 7.60%. Moreover, its dividend payouts have increased at a CAGR of 4.6% over the past three years.
On August 21, EPD announced the acquisition of Piñon Midstream, LLC, a  Black Bay Energy Capital portfolio company, in a debt-free transaction valued at $950 million in cash. Management views this acquisition as a strategic move to expand its natural gas processing footprint in the eastern flank of the Delaware Basin. Moreover, the deal is expected to add $0.03 per unit to distributable cash flow in 2025, excluding potential synergies.
For the second quarter of 2024, which ended on June 30, EPD's total revenues increased 26.6% year-over-year to $13.48 billion. The company's operating income stood at $1.77 billion, up 11.8% year-over-year, while its attributable net income to common unitholders amounted to $1.41 billion, representing an increase of 12.1% from the last year. Also, its earnings per common unit for the quarter increased 12.3% year-over-year to $0.64.
The consensus revenue estimate of $14.04 billion for the fiscal third quarter (ended September 2024) represents a 17% increase year-over-year. The consensus EPS estimate of $0.67 for the to-be-reported quarter indicates a 9.9% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue estimates in three of the trailing four quarters.
Over the past nine months, the stock has surged 10.9%, closing the last trading session at $29.70.
EPD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
EPD has a B grade for Value, Momentum, and Stability. It is ranked #10 out of 23 stocks in the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry. <a href="https://stocknews.com/stock/EPD/">Click here</a> to see the additional ratings for EPD (Growth, Sentiment, and Quality).
Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. It owns and operates a natural gas transportation pipeline, natural gas storage facilities, and nearly 20,090 miles of interstate natural gas pipeline. The company also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
On August 9, ET paid its unitholders a dividend of $0.32 per common unit for the second quarter, reflecting an increase of 3.2% year-over-year. The company pays an annual distribution of $1.28 per unit, which translates to a yield of 7.85% on the current share price. Its four-year average dividend yield is 8.63%.
In July, the company acquired WTG Midstream Holdings LLC for $2.28 billion in cash and 50.8 million newly issued ET common units. The acquisition expands ET's Midland Basin network with 6,000 miles of gas-gathering pipelines, eight gas processing plants with a capacity of 1.3 Bcf/d, and two additional plants under construction.
Moreover, the deal is expected to boost NGL and natural gas volumes, generating additional revenue from gathering, processing, and transportation fees. ET anticipates that the WTG assets will increase Distributable Cash Flow by $0.04 per unit in 2025, rising to $0.07 by 2027.
ET's revenues increased 13.1% year-over-year to $20.73 billion during the second quarter that ended June 30, 2024. Its operating income grew 25.2% from the year-ago value to $2.29 billion. Net income attributable to partners came in at $1.31 billion and $0.35 per common unit, up 44.2% and 40% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 20.4% year-over-year to $3.76 billion. And its adjusted distributable cash flow rose 31.2% from the year-ago value to $2.04 billion.
Analysts expect ET's revenue for the third quarter (ended September 2024) to increase 5.4% year-over-year to $21.87 billion. Its EPS for the same quarter is expected to improve 130.5% from the prior year to $0.35. For the fiscal year 2024, the company's revenue and EPS are expected to register a year-over-year growth of 11.7% and 30.9%, respectively.
Shares of ET have surged 22.2% over the past year to close the last trading session at $16.30.
ET's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Stability. ET is ranked #2 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry. To see additional POWR Ratings of ET for Sentiment and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Suncor Energy Inc. (<a href="https://stocknews.com/stock/SU/">SU</a>)
Headquartered in Calgary, Canada, SU operates as an integrated energy company through segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations. It primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands and crude oil production for Canadian and international markets.
On September 25, the company paid its shareholders a quarterly dividend of $0.545 per share. SU's four-year average dividend yield is 4.12%, and its current annual dividend of $1.61 translates to a 4.02% yield. Its dividend payout has grown at an impressive CAGR of 33.9% over the past three years.
SU's adjusted operating earnings in the second quarter ended June 30, 2024, increased 29.8% year-over-year to $1.63 billion, while its net earnings amounted to $1.57 billion or $1.22 per share. Its free fund flows grew 29.6% from the year-ago value to $1.35 billion. Also, its adjusted funds from operations stood at $3.40 billion, up 27.9% from the prior-year period.
Street expects SU's EPS for the fiscal year ending December 2024 to increase 2% year-over-year to $3.85. Its revenue for the current year is projected to grow marginally by 1.6% from the year-ago value to $38.18 billion. In addition, it topped the EPS estimates in each of the trailing four quarters, which is impressive.
SU's shares have gained 18.6% over the past nine months and 24.8% year-to-date to close the last trading session at $39.97.
It's no surprise that SU has an overall rating of B, which equates to Buy in our proprietary rating system. It has an A grade for Quality and a B for Momentum and Stability. Out of 78 stocks in the Energy - Oil &amp; Gas industry, it is ranked #11.
In addition to the POWR Ratings we've stated above, we also have SU's ratings for Growth, Value, and Sentiment. Get all SU ratings <a href="https://stocknews.com/stock/SU/">here</a>.
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EPD shares were trading at $29.59 per share on Monday afternoon, down $0.11 (-0.37%). Year-to-date, EPD has gained 18.61%, versus a 20.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/epd-et-su-3-energy-stocks-thriving-amid-oil-price-fluctuations/>3 Energy Stocks Thriving Amid Oil Price Fluctuations</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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