Enterprise Products Partners L.p.

Utilities
Natural Gas Distribution
www.enterpriseproducts.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $64.93B
PE 11
Debt $33.36B
Cash $838.00M
EV $97.45B
FCF $3.57B

Earnings

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Sales & Net Margins

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Earnings	$5.84B
EBIT	$7.34B
ROE	20%
ROA	10%
FCF	$3.57B
Equity	$28.73B
Growth Stability	98%
PE	11.12
PEG	1.24
PB	2.26
P/FCF	18.18
P/S	1.15
Price/Cash	0.01
Debt/Equity	1.16
Debt/FCF	9.34
Net Margins	10%
Gross Margins	24%
Op. Margins	13%
Earnings CAGR	10%
Sales Growth YoY	-3%
Sales Growth QoQ	3%
Sales CAGR	11%
FCF CAGR	23%
Equity CAGR	3%
Earnings Stability	0.8
Earnings Growth YoY	3%
Earnings Growth QoQ	14%

Earnings CAGR 5Y	9%
Sales CAGR 5Y	18%
FCF CAGR 5Y	9%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	-23%
Equity CAGR 3Y	4%
Market Cap	$64.93B
Revenue	$56.22B
Assets	$77.17B
Total Debt	$33.36B
Cash	$838.00M
Shares Outstanding	2.17B
EV	97.45B
Earnings Score	92%
Moat Score	92%
Safety Score	76%
Final Score	86%
Working Capital	-44M
Current Ratio	1
Gross Profit	$13.64B
Shares Growth 3y	-0%
Equity Growth QoQ	1%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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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.

SEC Filings

Direct access to Enterprise Products Partners L.p. (EPD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Enterprise Products Partners L.p. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Enterprise Products Partners L.p. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 80%

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Enterprise Products Partners L.p. Discounted Cash Flow

Fully customizable DCF calculator online for Enterprise Products Partners L.p..

Years

Calculation mode

= $184B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.6B	$4.4B	$5.4B	$6.7B	$8.3B	$10B	$13B	$16B	$19B	$24B	$29B	$293B
DCF		$4B	$4.5B	$5B	$5.7B	$6.4B	$7.1B	$8B	$9B	$10B	$11B	$113B
Value	$184B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	9%	11%	10%	11%	14%	14%	11%	9%	11%	10%	10%
ROA	-	7%	7%	9%	10%	8%	9%	10%	10%	10%	10%
ROE	-	11%	12%	17%	18%	15%	18%	20%	20%	20%	20%

Good Net Margins (10.39%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	25.42	18.2	14.67	15.01	12.09	4.96	4.99	7.05	9.34	9.34
Debt over Equity	1.21	1.2	1.23	1.17	1.21	1.29	1.23	1.14	1.1	1.16	1.16
Growth Stability	-	-	-	100%	100%	98%	100%	100%	100%	100%	98%

Bad Debt/FCF ratio (9.34)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.16)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (98%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-15%	27%	25%	-10%	-17%	50%	43%	-15%	13%	18%
Earnings YoY growth	-	-0%	11%	48%	10%	-18%	23%	18%	1%	7%	9%
Equity YoY growth	-	9%	2%	6%	4%	-2%	4%	5%	4%	4%	3%
FCF YoY growth	-	507%	46%	25%	5%	31%	142%	-3%	-29%	-17%	9%