From Nasdaq: 2025-02-08 18:50:00

Enterprise Products Partners (NYSE: EPD) reported strong fourth-quarter earnings, with total gross operating profit up 3% to $2.63 billion. The company’s adjusted EBITDA increased by 4% to nearly $2.6 billion, while distributable cash flow rose by 5% to $2.16 billion. It also raised its quarterly distribution by 3.9% and bought back 2.1 million units. Looking ahead, Enterprise plans to spend between $4 billion to $4.5 billion on growth capex this year, with $7.6 billion in major projects under construction and 20 data center projects in Texas. The company is trading at an attractive valuation with a forward EV/EBITDA multiple of 9.8.

In conclusion, Enterprise Products Partners continues to demonstrate its consistency and growth potential, with strong financial performance and a robust pipeline of growth projects. The company’s focus on expanding its infrastructure and investing in future opportunities positions it well for continued success. Investors looking for a reliable income stream and long-term growth potential may find Enterprise Products Partners to be a compelling investment opportunity. The Stock Advisor service has outperformed the S&P 500 by over four times since 2002, with returns as of February 7, 2025. Geoffrey Seiler holds positions in Enterprise Products Partners, a company recommended by The Motley Fool. For more information, visit the provided link. Please note that the author’s views do not necessarily represent those of Nasdaq, Inc.



Read more at Nasdaq: Is Enterprise Products Partners’ Stock a Buy as the Company Ramps Up Growth?