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Last $33.46 USD
Change Today +0.07 / 0.21%
Volume 2.9M
EPD On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/9/15 All times are local (Market data is delayed by at least 15 minutes).

enterprise products partners (EPD) Snapshot

Open
$33.40
Previous Close
$33.39
Day High
$33.52
Day Low
$33.26
52 Week High
09/10/14 - $41.38
52 Week Low
12/16/14 - $30.71
Market Cap
64.8B
Average Volume 10 Days
3.1M
EPS TTM
$1.47
Shares Outstanding
1.9B
EX-Date
04/28/15
P/E TM
22.8x
Dividend
$1.50
Dividend Yield
4.33%
Current Stock Chart for ENTERPRISE PRODUCTS PARTNERS (EPD)

enterprise products partners (EPD) Details

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, as well as import and export terminal services. This segment operates NGL pipelines aggregating approximately 19,400 miles; NGL and related product storage facilities; and 15 NGL fractionators. The company’s Onshore Natural Gas Pipelines & Services segment operates approximately 19,300 miles of onshore natural gas pipeline systems to gather and transport natural gas in Colorado, Louisiana, New Mexico, Texas, and Wyoming. This segment also leases salt dome natural gas storage facilities; and markets natural gas. Its Onshore Crude Oil Pipelines & Services segment operates approximately 5,400 miles of onshore crude oil pipelines; and markets crude oil. This segment’s pipelines gather and transport crude oil primarily in New Mexico, Oklahoma, and Texas to refineries, centralized storage terminals, and connecting pipelines. The company’s Offshore Pipelines & Services segment operates approximately 2,350 miles of offshore natural gas and crude oil pipelines and 6 offshore hub platforms in the northern Gulf of Mexico offshore Texas, Louisiana, Mississippi, and Alabama. Its Petrochemical & Refined Products Services segment operates propylene fractionation and related operations, including 680 miles of pipelines; butane isomerization complex, associated deisobutanizer units, and related pipeline assets; and octane enhancement and high purity isobutylene production facilities, as well as refined products pipelines of 4,200 miles, as well as terminals and related marketing and marine transportation services. The company was founded in 1968 and is based in Houston, Texas.

Founded in 1968

enterprise products partners (EPD) Top Compensated Officers

Chief Executive Officer and Director of Enter...
Total Annual Compensation: $2.5M
Chief Operating Officer of Enterprise Product...
Total Annual Compensation: $2.5M
Group Senior Vice President, Unregulated Liqu...
Total Annual Compensation: $760.4K
Chief Administrative Officer of Enterprise Pr...
Total Annual Compensation: $990.5K
Compensation as of Fiscal Year 2014.

enterprise products partners (EPD) Key Developments

Enterprise Products Partners L.P. Declares Quarterly Distribution, Payable on May 7, 2015

Enterprise Products Partners L.P. announced that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.375 per common unit, or $1.50 per unit on an annualized basis. The quarterly distribution will be paid on May 7, 2015, to unitholders of record as of the close of business on April 30, 2015.

Enterprise Products Partners Expands LPG Export Capacity at Houston Port

Enterprise Products Partners has completed an expansion project at its LPG export terminal at the Houston Ship Channel that will allow it to accommodate an additional three ships per month. The expansion increases the facility's capacity for loading fully refrigerated, low-ethane propane to 9m bbl/month. Enhancements to existing refrigeration has added 1.5m bbls/month of incremental loading capacity. Work is also progressing on the construction of a new refrigeration train that will increase loading rates by another 11,000 bbl/hour and is on schedule for completion in the fourth quarter of 2015. Once the final expansion phase has been completed, Enterprise will have the capability to load up to 16m bbl/month of LPG, which equates to 29 vessels.

Enterprise Products Partners L.P. Announces Management Changes at its General Partner

Enterprise Products Partners L.P. reported that Michael A. Creel, chief executive officer of Enterprise’s general partner, has announced his intention to retire as of December 31, 2015. A.J. 'Jim' Teague, Enterprise’s chief operating officer, has been elected to succeed Mr. Creel as chief executive officer upon Mr. Creel’s retirement at the end of 2015. The board of directors of Enterprise’s general partner has elected to expand the office of the chairman effective April 1, 2015. Currently, the office of the chairman is comprised of Ms. Williams serving as non-executive chairman, Mr. Creel serving as chief executive officer and Mr. Teague serving as chief operating officer. The board has elected to add the role of chief administrative officer to the office of the chairman. officer. The board has elected to add the role of chief administrative officer to the office of the chairman. W. Randall Fowler has been elected to the role of chief administrative officer effective as of April 1, 2015. Mr. Fowler has served as a director of Enterprise’s general partner since 2011 and as Enterprise’s executive vice president and chief financial officer since 2007. He joined Enterprise in 1999, shortly after Enterprise’s initial public offering. Upon Mr. Creel’s retirement, the office of the chairman will be comprised of Ms. Williams as non-executive chairman, Mr. Teague as chief executive officer and Mr. Fowler as chief administrative officer. Bryan F. Bulawa has been elected senior vice president and chief financial officer effective as of April 1, 2015. Mr. Bulawa has served as Enterprise’s senior vice president and treasurer since 2009. He joined Enterprise as vice president and treasurer in 2007. Prior to joining Enterprise, Mr. Bulawa spent thirteen years in the corporate and investment banking energy division of Scotia Capital engaged in client coverage, corporate finance, project finance advisory, bank and institutional loan syndications. Mr. Bulawa will continue to report to Mr. Fowler. Christian M. 'Chris' Nelly has been elected vice president and treasurer effective as of April 1, 2015. Mr. Nelly has served Enterprise as senior director of finance since 2011.

 

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Industry Analysis

EPD

Industry Average

Valuation EPD Industry Range
Price/Earnings 22.7x
Price/Sales 1.3x
Price/Book 3.6x
Price/Cash Flow 23.2x
TEV/Sales 0.9x
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