Key Takeaways EPD expects 2026 to be an inflection point for free cash flows after a four-year investment cycle.Enterprise says major projects like the Bahia NGL pipeline and Neches River Terminal are nearing completion.EPD expects organic growth capex to fall toward $2-$2.5B, boosting cash for debt retirement and buybacks.Enterprise Products Partners LP (EPD) , a well-known name in the midstream energy landscape, earns consistent fee-based income from its extensive portfolio of pipeline and storage assets. ...

These 3 MLPs are great stocks to buy right now.For investors looking for high-yield stocks, one of the best sectors to invest in right now is the midstream master limited partnership (MLP) space. The companies in the sector are in strong financial shape and trading at historically attractive valuations.Given their valuations and solid opportunities ahead, you can invest a meaningful amount into these names, like $10,000, and collect some nice passive income for a very long time. Let's look at three MLPs to ...

Enterprise Products Partners LP (NYSE:EPD) is one of the stocks that Jim Cramer shared his take on. When a caller asked about the stock, Cramer stated: “My favorite in that group… is Enterprise Products Partners. I like EPD. 6.7% yield, growing really, really well, understands natural gas liquids. That’s your company. That’s the one you want to be in.” Jim Cramer on Enterprise Products Partners: “I Like Enterprise Products Partners LP (EPD)” Photo by Zbynek Burival on Unsplash Enterprise Products Part ...

Key Takeaways Enterprise Products trades at 10.55x EV/EBITDA, below the industry average and midstream peers.EPD has $5.1B in projects and inflation-protected contracts that support steady cash flows.EPD leads U.S. LPG exports but carries higher debt and a lower yield than the industry.Enterprise Products Partners LP (EPD) is currently considered undervalued, trading at a 10.55x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below t ...

Both midstream stocks are well positioned heading into the new year.Two of the top midstream master limited partnerships (MLPs) no doubt are Energy Transfer (ET +0.91%) and Enterprise Products Partners (EPD 0.25%). Both companies own top-tier pipeline assets, although Enterprise has historically been the more conservatively run company. It has also been the better performer in 2025, generating about a 10% total return after distributions, while Energy Transfer's stock has been in the red this year.The quest ...

These MLPs can enable you to generate lots of passive income.The dividend yield on the S&P 500 is currently around 1.2%, which is near its all-time low. As a result, it's getting harder to find stocks with attractive dividend yields. However, there are some enticing income opportunities if you know where to look. For example, several master limited partnerships (MLPs) offer much more enticing yields these days, including Energy Transfer (ET +0.91%), Enterprise Products Partners (EPD 0.25%), and MPLX (MPLX + ...

公司基本面与历史表现 - 公司Enterprise Products (EPD) 体现了可靠的实体化特质 其表现极其强劲 已连续27年提高其季度分红 [1] - 公司有潜力将其过去5年的平均复合增长率提升至更高水平 [1] 分析师背景与观点 - 分析师Andres Veurink拥有超过十年的金融市场经验 大部分时间在鹿特丹的一家对冲基金担任分析师 [1] - 分析师遵循严格的研究标准 对个人投资标的设有很高要求 [1] - 分析师偏好追踪科技行业 特别是SaaS和云业务 认为这些领域蕴含巨大的增长机会且研究过程充满趣味 [1] - 分析师披露其通过股票、期权或其他衍生品对EPD持有有益的长期多头头寸 [2] - 文章内容代表分析师个人观点 且未因撰写此文获得相关公司补偿 [2]

文章核心观点 - 在能源板块寻找高收益投资时，可靠性比绝对收益率更重要，企业产品合伙公司和安桥公司因其保守运营和可靠的派息历史，提供了更优的风险回报平衡 [1][2] - 能源板块虽然重要但波动大，而中游板块因其收费商业模式受商品价格波动影响较小，为保守的股息投资者提供了合适的能源敞口 [3][5][6] - 仅看收益率可能误导投资决策，企业产品合伙公司和安桥公司虽然收益率低于同行能源转移公司，但其长期持续增加派息的记录证明了业务的可靠性和对股东的承诺 [7][8][9][14] 能源行业结构分析 - 能源行业通常分为上游、中游和下游 上游负责石油和天然气生产，下游负责加工，两者受商品驱动且波动大 [5] - 中游板块是连接上下游及全球市场的收费商业模式，其业务关键是通过管道等基础设施的流量，而非所运输商品的价格 [5] - 即使在深度的能源市场低迷期，石油和天然气需求往往保持强劲，这使得保守的股息投资者可以考虑投资中游板块 [6] 公司比较与投资逻辑 - 能源转移公司提供7.9%的收益率，高于企业产品合伙公司的6.7%和安桥公司的5.7%，但其在2020年疫情期间将派息削减了一半 [7][8] - 企业产品合伙公司已连续27年增加派息，安桥公司已连续30年增加派息，证明了其派息的可靠性和一致性 [9] - 企业产品合伙公司当前尤其具吸引力，因其日益关注天然气这一过渡能源，拥有投资级资产负债表，且可分配现金流对分红的覆盖倍数达1.7倍 [12] - 安桥公司业务组合多元化，包括石油和天然气管道、受监管的天然气公用事业以及清洁能源投资，这为其提供了稳定的增长前景，并适应全球能源需求变化 [13] 公司关键数据 - **企业产品合伙公司**：当前股价32.13美元，市值700亿美元，股息收益率6.71%，毛利率12.74% [8] - **安桥公司**：当前股价47.55美元，市值1030亿美元，股息收益率5.68%，毛利率32.82% [10][16]

行业特征 - 能源行业大多数公司高度依赖油气价格波动 其现金流因此变化且商业模式难以预测[1] - 中游公司因商业模式特性 对油气价格波动的敏感性相对较低[2] 中游商业模式优势 - 中游公司拥有长期被托运方预定的油气管道运输资产和储存设施 能在一段长时间内产生稳定的费用收入 现金流可预测性高[2] - 中游公司能够安然度过商业不确定性[1] 企业产品伙伴公司分析 - 企业产品伙伴公司拥有超过50,000英里的管道网络 运输石油、天然气、精炼产品及其他商品[3] - 公司拥有液体储存设施 容量超过300,000桶[3] - 公司从资产中产生稳定费用 为份额持有者带来稳定现金流[3] - 公司有数十亿美元的增长资本项目正在建设中 以确保未来增量现金流[3] - 广泛的管道和储存网络产生稳定费用和可预测现金流[6] 金德摩根公司分析 - 金德摩根是北美中游能源巨头 产生稳定的费用收入[4] - 公司受益于长期管道和储存预定 支持稳定的费用收入[6] - 公司从全球不断增长的液化天然气需求中拥有强劲增长潜力 因其负责运输供应至美国LNG出口设施的大量天然气[4] 威廉姆斯公司分析 - 威廉姆斯是领先的中游能源公司 定位于利用清洁能源需求[5] - 公司拥有横跨33,000英里的管道网络 负责运输美国生产的大量天然气[5] - 公司为股东产生稳定现金流[5] - 33,000英里的天然气管道系统支持可靠的现金生成[6]

Key Takeaways EPD's network and storage assets generate stable cash flows across market environments.Nearly 90% of long-term contracts include inflation-linked fee increases for added protection.$5.1B in key projects, including the Bahia pipeline and fractionator 14, are boosting cash flow potential.Enterprise Products Partners LP’s (EPD) pipeline network spans more than 50,000 miles, transporting oil, natural gas and other commodities. The partnership also has more than 300 million barrels of liquid storag ...