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Enterprise Products Partners

DB:EPD
Snowflake Description

6 star dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EPD
DB
$33B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Enterprise Products Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Enterprise Products Partners has significant price volatility in the past 3 months.
EPD Share Price and Events
7 Day Returns
12.3%
DB:EPD
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-44.6%
DB:EPD
34.4%
DE Oil and Gas
-14.2%
DE Market
EPD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enterprise Products Partners (EPD) 12.3% -14% -44% -44.6% -44.6% -54.6%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • EPD underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • EPD underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
EPD
Industry
5yr Volatility vs Market

EPD Value

 Is Enterprise Products Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Enterprise Products Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enterprise Products Partners.

DB:EPD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EPD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (83.64%))
1.412
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.412 * 5.44%)
7.29%

Discounted Cash Flow Calculation for DB:EPD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Enterprise Products Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:EPD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.29%)
2020 3,456.91 Analyst x6 3,222.04
2021 4,478.78 Analyst x6 3,890.86
2022 3,978.50 Analyst x2 3,221.43
2023 3,679.00 Analyst x1 2,776.53
2024 3,955.00 Analyst x1 2,782.03
2025 3,821.72 Est @ -3.37% 2,505.63
2026 3,727.10 Est @ -2.48% 2,277.57
2027 3,658.14 Est @ -1.85% 2,083.55
2028 3,606.49 Est @ -1.41% 1,914.57
2029 3,566.62 Est @ -1.11% 1,764.76
Present value of next 10 years cash flows $26,438.00
DB:EPD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3,566.62 × (1 + -0.39%) ÷ (7.29% – -0.39%)
$46,262.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $46,262.59 ÷ (1 + 7.29%)10
$22,890.76
DB:EPD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $26,438.00 + $22,890.76
$49,328.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $49,328.76 / 2,189.23
$22.53
DB:EPD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EPD represents 0.89425x of NYSE:EPD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89425x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.53 x 0.89425
€20.15
Value per share (EUR) From above. €20.15
Current discount Discount to share price of €14.29
= -1 x (€14.29 - €20.15) / €20.15
29.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Enterprise Products Partners is available for.
Intrinsic value
29%
Share price is €14.29 vs Future cash flow value of €20.15
Current Discount Checks
For Enterprise Products Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Enterprise Products Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Enterprise Products Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Enterprise Products Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enterprise Products Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EPD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.09
NYSE:EPD Share Price ** NYSE (2020-04-08) in USD $15.98
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enterprise Products Partners.

DB:EPD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EPD Share Price ÷ EPS (both in USD)

= 15.98 ÷ 2.09

7.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Products Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Enterprise Products Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Enterprise Products Partners's expected growth come at a high price?
Raw Data
DB:EPD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
0.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:EPD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.66x ÷ 0.8%

9.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Products Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Enterprise Products Partners's assets?
Raw Data
DB:EPD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.31
NYSE:EPD Share Price * NYSE (2020-04-08) in USD $15.98
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:EPD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EPD Share Price ÷ Book Value per Share (both in USD)

= 15.98 ÷ 11.31

1.41x

* Primary Listing of Enterprise Products Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enterprise Products Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Enterprise Products Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Enterprise Products Partners has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EPD Future Performance

 How is Enterprise Products Partners expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enterprise Products Partners expected to grow at an attractive rate?
  • Enterprise Products Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Enterprise Products Partners's earnings growth is positive but not above the Germany market average.
  • Enterprise Products Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EPD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EPD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 0.8%
DB:EPD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EPD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EPD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,875
2023-12-31 4,705
2022-12-31 35,682 6,675 4,634 4
2021-12-31 34,737 6,905 4,459 11
2020-12-31 33,017 7,004 4,508 11
2020-04-08
DB:EPD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 32,789 6,521 4,564
2019-09-30 33,966 6,677 4,752
2019-06-30 35,588 6,612 5,046
2019-03-31 35,779 6,053 4,508
2018-12-31 36,534 6,126 4,151
2018-09-30 35,779 6,122 3,642
2018-06-30 33,080 5,029 2,942
2018-03-31 31,220 5,024 2,923
2017-12-31 29,242 4,666 2,783
2017-09-30 27,294 4,228 2,669
2017-06-30 26,327 4,557 2,693
2017-03-31 25,337 4,043 2,599

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enterprise Products Partners's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • Enterprise Products Partners's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EPD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Enterprise Products Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EPD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.32 2.55 2.09 2.00
2023-12-31 2.21 2.46 1.96 2.00
2022-12-31 2.17 2.38 1.81 6.00
2021-12-31 1.97 2.32 1.40 15.00
2020-12-31 2.01 2.27 1.71 15.00
2020-04-08
DB:EPD Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.09
2019-09-30 2.17
2019-06-30 2.31
2019-03-31 2.07
2018-12-31 1.91
2018-09-30 1.68
2018-06-30 1.36
2018-03-31 1.36
2017-12-31 1.30
2017-09-30 1.25
2017-06-30 1.27
2017-03-31 1.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Enterprise Products Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Enterprise Products Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Enterprise Products Partners has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EPD Past Performance

  How has Enterprise Products Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Enterprise Products Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Enterprise Products Partners's year on year earnings growth rate has been positive over the past 5 years.
  • Enterprise Products Partners's 1-year earnings growth is less than its 5-year average (9.9% vs 14.8%)
  • Enterprise Products Partners's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (9.9% vs 1.9%).
Earnings and Revenue History
Enterprise Products Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enterprise Products Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EPD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 32,789.20 4,563.60 211.70
2019-09-30 33,966.20 4,751.80 211.40
2019-06-30 35,588.00 5,045.70 208.60
2019-03-31 35,779.20 4,507.60 207.50
2018-12-31 36,534.20 4,150.90 208.30
2018-09-30 35,778.50 3,642.30 200.80
2018-06-30 33,079.50 2,942.20 189.40
2018-03-31 31,219.60 2,922.70 183.70
2017-12-31 29,241.50 2,783.40 181.10
2017-09-30 27,293.70 2,668.90 175.80
2017-06-30 26,327.20 2,693.40 176.50
2017-03-31 25,337.40 2,598.90 165.90
2016-12-31 23,022.30 2,500.20 160.10
2016-09-30 22,698.50 2,527.30 170.40
2016-06-30 23,086.00 2,543.00 177.40
2016-03-31 24,560.70 2,536.60 187.20
2015-12-31 27,027.90 2,512.50 192.60
2015-09-30 31,063.20 2,488.40 198.30
2015-06-30 37,085.50 2,531.10 199.30
2015-03-31 42,513.80 2,618.80 202.10
2014-12-31 47,951.20 2,782.20 206.00
2014-09-30 50,862.20 2,822.50 200.30
2014-06-30 50,625.30 2,724.70 194.20
2014-03-31 49,253.80 2,640.70 192.00
2013-12-31 47,727.00 2,596.90 188.30
2013-09-30 45,697.80 2,513.50 179.00
2013-06-30 44,073.20 2,508.30 176.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Enterprise Products Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Enterprise Products Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Enterprise Products Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Enterprise Products Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Enterprise Products Partners has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EPD Health

 How is Enterprise Products Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Enterprise Products Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Enterprise Products Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Enterprise Products Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Enterprise Products Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Enterprise Products Partners Company Filings, last reported 3 months ago.

DB:EPD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 25,827.50 27,638.60 334.70
2019-09-30 25,525.50 28,057.80 1,207.80
2019-06-30 24,975.40 26,890.20 107.30
2019-03-31 24,521.30 26,876.20 99.30
2018-12-31 24,292.20 26,178.20 344.80
2018-09-30 23,505.80 25,914.00 49.30
2018-06-30 23,090.50 25,688.90 70.90
2018-03-31 22,964.90 25,394.80 111.60
2017-12-31 22,772.40 24,570.40 5.10
2017-09-30 22,548.90 24,721.50 32.90
2017-06-30 22,880.20 23,382.90 60.30
2017-03-31 22,800.00 23,425.00 63.10
2016-12-31 22,266.00 23,698.80 63.40
2016-09-30 22,038.70 23,975.60 60.10
2016-06-30 21,945.90 22,806.90 117.60
2016-03-31 21,346.30 22,755.70 165.80
2015-12-31 20,501.10 22,544.50 22.20
2015-09-30 20,352.90 22,460.10 87.90
2015-06-30 20,363.20 22,298.50 556.80
2015-03-31 20,058.10 21,592.00 81.10
2014-12-31 19,692.20 21,363.80 74.40
2014-09-30 15,981.90 19,646.40 1,077.50
2014-06-30 15,802.40 18,365.50 262.40
2014-03-31 15,662.00 18,373.00 1,005.10
2013-12-31 15,440.40 17,359.30 77.10
2013-09-30 14,682.20 17,541.80 26.10
2013-06-30 14,352.80 16,982.00 65.10
  • Enterprise Products Partners's level of debt (107%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (108.5% vs 107% today).
  • Debt is well covered by operating cash flow (23.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Enterprise Products Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enterprise Products Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EPD Dividends

 What is Enterprise Products Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.14%
Current annual income from Enterprise Products Partners dividends. Estimated to be 11.56% next year.
If you bought €2,000 of Enterprise Products Partners shares you are expected to receive €223 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enterprise Products Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Enterprise Products Partners's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase Enterprise Products Partners before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EPD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EPD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.05 4.00
2023-12-31 1.97 5.00
2022-12-31 1.87 12.00
2021-12-31 1.82 21.00
2020-12-31 1.79 20.00
2020-04-08
DB:EPD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-18 1.780 12.522
2020-01-13 1.780 7.730
2019-10-09 1.770 6.516
2019-07-09 1.760 6.078
2019-04-08 1.750 6.076
2019-01-15 1.740 6.154
2018-10-04 1.730 6.505
2018-07-09 1.720 5.932
2018-04-10 1.710 6.194
2018-01-12 1.700 6.507
2017-10-12 1.690 6.624
2017-07-05 1.680 6.365
2017-04-05 1.660 6.133
2017-01-05 1.640 5.872
2016-10-05 1.620 6.220
2016-07-07 1.600 5.819
2016-04-11 1.580 5.815
2016-02-26 1.610 6.664
2016-01-28 1.610 7.155
2016-01-04 1.560 6.836
2015-10-01 1.540 5.956
2015-07-07 1.520 5.522
2015-04-09 1.500 4.622
2015-01-06 1.480 4.437
2014-11-10 1.460 4.025
2014-10-30 1.460 3.943
2014-07-10 1.440 3.710
2014-04-09 1.420 3.815
2014-01-13 1.400 4.181
2013-10-14 1.380 4.395
2013-07-10 1.360 4.471
2013-04-10 1.340 4.402
2012-09-20 1.320 4.878
2012-07-11 1.270 4.755
2012-04-13 1.255 5.018
2012-01-17 1.240 4.909
2011-10-13 1.225 5.413
2011-07-15 1.210 5.845
2011-04-14 1.195 5.710
2011-01-14 1.180 5.514
2010-10-14 1.165 5.550
2010-07-13 1.150 6.018
2010-04-13 1.135 6.565
2010-01-12 1.120 6.784
2009-10-22 1.105 7.321
2009-07-15 1.090 7.777
2009-04-15 1.075 8.622

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Enterprise Products Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Enterprise Products Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Enterprise Products Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enterprise Products Partners has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EPD Management

 What is the CEO of Enterprise Products Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Teague
COMPENSATION $10,537,661
AGE 74
TENURE AS CEO 0.3 years
CEO Bio

Mr. A. James Teague, also known as Jim, is a Co-Chief Executive Officer at Enterprise Products Holdings LLC, the general partner of Enterprise Products Partners L.P. since January 28, 2020. Mr. Teague had been the Chief Executive Officer of Enterprise Products Holdings LLC since January 2016 until January 28, 2020 and has been its Director since November 2010. Mr. Teague served as Chief Operating Officer of Enterprise Products Holdings LLC since November 22, 2010 until December 2015 and served as its Executive Vice President from November 2010 until February 2013. Mr. Teague served as an Executive Vice President of Enterprise Products Partners L.P. He served as the Chief Commercial Officer and Executive Vice President of DEP Holdings LLC, the General Partner of Duncan Energy Partners LP since November 2010 until February 2013. He is responsible for managing all of its commercial businesses of the partnerships. He also serves as the Chief Operating Officer and Executive Vice President of EPE Holdings, LLC. He served as an Executive Vice President of Enterprise Products GP, LLC at Enterprise Products Operating LLC since November 1999 to November 2010. He served as the Chief Operating Officer of Enterprise Products GP, LLC since September 2010 to November 2010. He served as Chief Commercial Officer of EPGP from July 2008 until October 2010. He was responsible for Enterprise's natural gas liquids businesses and natural gas marketing group. He served as a Member of the senior management teams at affiliates of Shell Oil Company, MAPCO Inc., and Dow Chemical Company. Mr. Teague served as President of Tejas Natural Gas Liquids LLC from 1998 to 1999 and President of Marketing & Trading of MAPCO Inc., from 1997 to 1998. He has been a Director of Solaris Oilfield Infrastructure, Inc. since May 11, 2017. He has been Director of Enterprise Products Holdings LLC from November 22, 2010 to February 2013. He serves as Director at Texas Eastern Products Pipeline Company LLC. He serves as a Director of EPE Holdings, LLC. Mr. Teague served as a Director of Enterprise Products GP, LLC since May 2010. He served as a Director of EPE Holdings, LLC from October 27, 2009 to May 21st 2010. He served as a Director of DEP Holdings LLC of Duncan Energy Partners LP from July 2008 to May 2010.

CEO Compensation
  • Jim's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Enterprise Products Partners management team in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the Enterprise Products Partners management team is about average.
Management Team

Jim Teague

TITLE
Co-CEO & Director of Enterprise Products Holdings LLC
COMPENSATION
$11M
AGE
74
TENURE
0.3 yrs

Randy Fowler

TITLE
Co-CEO & CFO and Director of Enterprise Products Holdings LLC
COMPENSATION
$7M
AGE
62
TENURE
0.3 yrs

Graham Bacon

TITLE
Executive VP & COO of Enterprise Products Holdings LLC
COMPENSATION
$4M
AGE
55
TENURE
4.5 yrs

Hap Weitzel

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
4 yrs

Brent Secrest

TITLE
Executive VP & Chief Commercial Officer of Enterprise Products Holdings LLC
COMPENSATION
$2M
AGE
46
TENURE
3.9 yrs

Michael Hanson

TITLE
VP & Principal Accounting Officer of Enterprise Products Holdings LLC
AGE
52
TENURE
3.7 yrs

Paul Flynn

TITLE
Senior VP & Chief Information Officer-Enterprise Products Holdings LLC
TENURE
15.2 yrs

Chris Nelly

TITLE
Executive VP of Finance & Investor Relations and Treasurer of Enterprise Products Holdings LLC
AGE
43
TENURE
0.3 yrs

Karen Taylor

TITLE
Senior Vice President of Human Resources - Enterprise Products Holdings LLC
TENURE
3.7 yrs

Anthony Chovanec

TITLE
Senior Vice President of Enterprise Products Holdings LLC
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Enterprise Products Partners board of directors in years:

5.3
Average Tenure
65.5
Average Age
  • The tenure for the Enterprise Products Partners board of directors is about average.
Board of Directors

Randa Duncan Williams

TITLE
Chairman of Enterprise Products Holdings LLC
AGE
57
TENURE
7.2 yrs

Jim Teague

TITLE
Co-CEO & Director of Enterprise Products Holdings LLC
COMPENSATION
$11M
AGE
74
TENURE
9.4 yrs

Randy Fowler

TITLE
Co-CEO & CFO and Director of Enterprise Products Holdings LLC
COMPENSATION
$7M
AGE
62
TENURE
8.6 yrs

Richard Bachmann

TITLE
Vice Chairman of Enterprise Products Holdings LLC
COMPENSATION
$492K
AGE
66
TENURE
4.3 yrs

Hap Weitzel

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
3.4 yrs

Jim Hackett

TITLE
Independent Director of Enterprise Products Holdings LLC
COMPENSATION
$185K
AGE
65
TENURE
6 yrs

Bill Montgomery

TITLE
Independent Director of Enterprise Products Holdings LLC
COMPENSATION
$170K
AGE
57
TENURE
4.5 yrs

Dick Snell

TITLE
Independent Director of Enterprise Products Holdings LLC
COMPENSATION
$170K
AGE
76
TENURE
8.6 yrs

Ralph Cunningham

TITLE
Advisory Director of Enterprise Products Holdings LLC
COMPENSATION
$828K
AGE
78
TENURE
1.3 yrs

Edwin Smith

TITLE
Advisory Director of Enterprise Products Holdings LLC
COMPENSATION
$150K
AGE
87
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Enterprise Products Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 20 Buy Chaswil, Ltd Company 18. Mar 20 18. Mar 20 51,000 €10.26 €523,409
18. Mar 20 Buy Randa Duncan Williams Individual 18. Mar 20 18. Mar 20 50,000 €10.48 €523,810
19. Mar 20 Buy Carin Barth Individual 19. Mar 20 19. Mar 20 10,000 €13.68 €136,841
17. Mar 20 Buy Randa Duncan Williams Individual 17. Mar 20 17. Mar 20 50,000 €12.15 €607,322
18. Mar 20 Buy Richard Bachmann Individual 18. Mar 20 18. Mar 20 15,000 €10.02 €150,360
18. Mar 20 Buy A. Teague Individual 18. Mar 20 18. Mar 20 5,000 €10.15 €50,760
17. Mar 20 Buy Richard Bachmann Individual 17. Mar 20 17. Mar 20 5,000 €11.76 €58,817
17. Mar 20 Buy A. Teague Individual 17. Mar 20 17. Mar 20 8,000 €12.22 €97,743
16. Mar 20 Buy Randa Duncan Williams Individual 16. Mar 20 16. Mar 20 50,000 €12.60 €629,824
16. Mar 20 Buy W. Fowler Individual 16. Mar 20 16. Mar 20 4,073 €12.99 €52,922
16. Mar 20 Buy Richard Bachmann Individual 16. Mar 20 16. Mar 20 25,000 €11.72 €292,993
13. Mar 20 Buy Randa Duncan Williams Individual 13. Mar 20 13. Mar 20 100,000 €13.77 €1,376,715
13. Mar 20 Buy A. Teague Individual 13. Mar 20 13. Mar 20 10,000 €13.54 €135,435
10. Mar 20 Buy A. Teague Individual 10. Mar 20 10. Mar 20 12,500 €17.56 €219,536
26. Feb 20 Buy Chaswil, Ltd Company 26. Feb 20 26. Feb 20 8,000 €22.16 €177,241
26. Feb 20 Buy Randa Duncan Williams Individual 26. Feb 20 26. Feb 20 200,000 €22.26 €4,452,887
25. Feb 20 Buy Randa Duncan Williams Individual 25. Feb 20 25. Feb 20 50,000 €22.54 €1,126,953
24. Feb 20 Buy Randa Duncan Williams Individual 24. Feb 20 24. Feb 20 50,000 €23.09 €1,154,251
21. Feb 20 Buy Randa Duncan Williams Individual 21. Feb 20 21. Feb 20 50,000 €23.79 €1,189,673
20. Feb 20 Buy Randa Duncan Williams Individual 20. Feb 20 20. Feb 20 50,000 €24.20 €1,209,783
19. Feb 20 Buy Randa Duncan Williams Individual 19. Feb 20 19. Feb 20 50,000 €24.17 €1,208,493
18. Feb 20 Buy Randa Duncan Williams Individual 18. Feb 20 18. Feb 20 50,000 €23.90 €1,194,778
14. Feb 20 Buy Randa Duncan Williams Individual 14. Feb 20 14. Feb 20 50,000 €24.09 €1,204,395
13. Feb 20 Buy Randa Duncan Williams Individual 13. Feb 20 13. Feb 20 50,000 €24.25 €1,212,606
12. Feb 20 Buy Randa Duncan Williams Individual 12. Feb 20 12. Feb 20 50,000 €24.10 €1,204,787
11. Feb 20 Buy Randa Duncan Williams Individual 11. Feb 20 11. Feb 20 50,000 €23.56 €1,177,879
10. Feb 20 Buy Randa Duncan Williams Individual 10. Feb 20 10. Feb 20 50,000 €23.38 €1,168,751
07. Feb 20 Buy Randa Duncan Williams Individual 07. Feb 20 07. Feb 20 50,000 €23.34 €1,167,225
06. Feb 20 Buy Randa Duncan Williams Individual 06. Feb 20 06. Feb 20 50,000 €23.72 €1,186,054
05. Feb 20 Buy Randa Duncan Williams Individual 05. Feb 20 05. Feb 20 50,000 €23.99 €1,199,739
04. Feb 20 Buy Randa Duncan Williams Individual 04. Feb 20 04. Feb 20 50,000 €23.70 €1,185,015
03. Feb 20 Buy Randa Duncan Williams Individual 03. Feb 20 03. Feb 20 200,000 €23.17 €4,633,308
19. Feb 20 Buy A. Teague Individual 13. Aug 18 03. Feb 20 20,031 €26.61 €461,285
03. Jan 20 Buy Randa Duncan Williams Individual 31. Dec 19 31. Dec 19 126,000 €24.86 €3,131,821
02. Jan 20 Buy Randa Duncan Williams Individual 30. Dec 19 30. Dec 19 103,000 €24.88 €2,563,033
23. Dec 19 Buy Randa Duncan Williams Individual 19. Dec 19 19. Dec 19 88,400 €25.06 €2,215,724
20. Dec 19 Buy Randa Duncan Williams Individual 18. Dec 19 18. Dec 19 1,600 €25.17 €40,270
19. Dec 19 Buy Randa Duncan Williams Individual 17. Dec 19 17. Dec 19 83,000 €25.02 €2,076,636
18. Dec 19 Buy Randa Duncan Williams Individual 16. Dec 19 16. Dec 19 177,000 €24.82 €4,392,886
17. Dec 19 Buy Randa Duncan Williams Individual 13. Dec 19 13. Dec 19 204,000 €24.82 €5,063,839
16. Dec 19 Buy Randa Duncan Williams Individual 12. Dec 19 12. Dec 19 37,196 €25.05 €931,700
11. Dec 19 Buy Randa Duncan Williams Individual 09. Dec 19 09. Dec 19 201,000 €23.87 €4,798,350
10. Dec 19 Buy Randa Duncan Williams Individual 06. Dec 19 06. Dec 19 210,000 €23.73 €4,982,294
09. Dec 19 Buy Randa Duncan Williams Individual 05. Dec 19 05. Dec 19 225,000 €23.57 €5,304,153
06. Dec 19 Buy Randa Duncan Williams Individual 04. Dec 19 04. Dec 19 322,000 €23.41 €7,537,122
05. Dec 19 Buy Randa Duncan Williams Individual 03. Dec 19 03. Dec 19 163,660 €23.19 €3,795,248
04. Dec 19 Buy Randa Duncan Williams Individual 02. Dec 19 02. Dec 19 240,000 €23.45 €5,628,116
05. Aug 19 Buy Murray Brasseux Individual 02. Aug 19 02. Aug 19 5,000 €27.01 €135,045
X
Management checks
We assess Enterprise Products Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Enterprise Products Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EPD News

Simply Wall St News

EPD Company Info

Description

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates approximately 19,900 miles of NGL pipelines; NGL and related product storage facilities; 16 NGL fractionators; 22 natural gas processing facilities; and liquefied petroleum gas and ethane export terminals, and related operations. The Crude Oil Pipelines & Services segment operates approximately 5,300 miles of crude oil pipelines; and crude oil storage and marine terminals located in Oklahoma, New Mexico, and Texas, as well as a fleet of 310 tractor-trailer tank trucks used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates approximately 19,400 miles of natural gas pipeline systems to gather and transport natural gas in Colorado, Louisiana, New Mexico, Texas, and Wyoming. It leases underground salt dome natural gas storage facilities in Texas and Louisiana; owns an underground salt dome storage cavern in Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities, including 800 miles of pipelines; butane isomerization complex and related deisobutanizer units; and octane enhancement and high purity isobutylene production facilities. It also operates approximately 3,300 miles of refined products pipelines; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.

Details
Name: Enterprise Products Partners L.P.
EPD
Exchange: DB
Founded: 1968
$30,620,959,830
2,189,226,130
Website: http://www.enterpriseproducts.com
Address: Enterprise Products Partners L.P.
1100 Louisiana Street,
10th Floor,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EPD Common Units New York Stock Exchange US USD 28. Jul 1998
DB EPD Common Units Deutsche Boerse AG DE EUR 28. Jul 1998
LSE 0S23 Common Units London Stock Exchange GB USD 28. Jul 1998
Number of employees
Current staff
Staff numbers
0
Enterprise Products Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:08
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.