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Enterprise (EPD) Ramps Up NatGas Infrastructure in Permian Basin
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Enterprise Product Partners L.P. (EPD - Free Report) ), a leading provider of midstream energy services, has unveiled ambitious plans to expand its natural gas processing capabilities in the Permian Basin. The company's latest endeavor involves the construction of the Mentone West 2 plant in the Delaware Basin, signaling a significant expansion in the region.
Mentone West 2 Plant: Enhancing Processing Capabilities
The Mentone West 2 plant, slated to be situated in Loving County, TX, is poised to augment Enterprise's capacity to process natural gas. With a projected capacity exceeding 300 million cubic feet per day (MMcf/d), the facility aims to extract more than 40,000 barrels per day (BPD) of natural gas liquids (NGL). Anticipated to commence operations in the second quarter of 2026, this venture underscores Enterprise's commitment to meet the escalating demand for natural gas processing services.
Milestones in Delaware Basin Operations
Besides unveiling the Mentone West 2 facility, Enterprise has commenced operational services at its Mentone 3 natural gas processing plant in the Delaware Basin. With a processing capacity mirroring that of Mentone West 2, the Mentone 3 plant highlights Enterprise's proactive stance in bolstering infrastructure to support burgeoning energy demands.
Moreover, construction of the Mentone West 1 plant is progressing per schedule, with the commencement of service slated for the latter half of 2025. Upon completion of these projects, Enterprise's processing capacity in the Delaware Basin is poised to surpass 2.8 billion cubic feet per day (Bcf/d), further solidifying its foothold in the region.
Midland Basin Expansion Underway
Enterprise's expansion endeavors extend beyond the Delaware Basin into the Midland Basin. The company has announced the commencement of service at its Leonidas natural gas processing plant in Midland County, TX. Concurrently, construction activities are underway for the Orion natural gas processing facility, with service expected to commence in the latter half of 2025. These facilities, boasting processing capacities akin to those in the Delaware Basin, are strategically positioned to cater to the escalating demand for natural gas processing services in the Midland Basin.
Facilitating Growth in the Energy Sector
A.J. "Jim" Teague, co-chief executive officer of Enterprise's general partner, emphasized the pivotal role of the Permian Basin in shaping the trajectory of NGL production. He underscored EPD’s proactive approach in expanding its natural gas processing network to accommodate the burgeoning energy landscape. By providing safe and reliable access to domestic and international markets, the company is poised to facilitate sustained growth in the energy sector.
Zacks Rank & Key Picks
Currently, Enterprise carries a Zack Rank #3 (Hold).
Sunoco is among the biggest motor fuel distributors in the U.S. wholesale market in terms of volumes. By distributing more than 10 fuel brands via 10,000 convenience stores under long-term distribution contracts, the partnership will continue to generate stable cash flow.
The Zacks Consensus Estimate for SUN’s 2024 earnings per share (EPS) is pegged at $4.96. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the United States.
The Zacks Consensus Estimate for MUSA’s 2024 EPS is pegged at $26.32. The company has a Zacks Style Score of B for Growth and B for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Global Partners is a leading operator of gasoline stations and convenience stores. Over the past 30 days, GLP has witnessed upward earnings estimate revisions for 2023 and 2024.
The Zacks Consensus Estimate for Global Partners’ 2024 and 2025 EPS is pegged at $3.90 and $4.47, respectively. GLP currently has a Zacks Style Score of A for Value.
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Enterprise (EPD) Ramps Up NatGas Infrastructure in Permian Basin
Enterprise Product Partners L.P. (EPD - Free Report) ), a leading provider of midstream energy services, has unveiled ambitious plans to expand its natural gas processing capabilities in the Permian Basin. The company's latest endeavor involves the construction of the Mentone West 2 plant in the Delaware Basin, signaling a significant expansion in the region.
Mentone West 2 Plant: Enhancing Processing Capabilities
The Mentone West 2 plant, slated to be situated in Loving County, TX, is poised to augment Enterprise's capacity to process natural gas. With a projected capacity exceeding 300 million cubic feet per day (MMcf/d), the facility aims to extract more than 40,000 barrels per day (BPD) of natural gas liquids (NGL). Anticipated to commence operations in the second quarter of 2026, this venture underscores Enterprise's commitment to meet the escalating demand for natural gas processing services.
Milestones in Delaware Basin Operations
Besides unveiling the Mentone West 2 facility, Enterprise has commenced operational services at its Mentone 3 natural gas processing plant in the Delaware Basin. With a processing capacity mirroring that of Mentone West 2, the Mentone 3 plant highlights Enterprise's proactive stance in bolstering infrastructure to support burgeoning energy demands.
Moreover, construction of the Mentone West 1 plant is progressing per schedule, with the commencement of service slated for the latter half of 2025. Upon completion of these projects, Enterprise's processing capacity in the Delaware Basin is poised to surpass 2.8 billion cubic feet per day (Bcf/d), further solidifying its foothold in the region.
Midland Basin Expansion Underway
Enterprise's expansion endeavors extend beyond the Delaware Basin into the Midland Basin. The company has announced the commencement of service at its Leonidas natural gas processing plant in Midland County, TX. Concurrently, construction activities are underway for the Orion natural gas processing facility, with service expected to commence in the latter half of 2025. These facilities, boasting processing capacities akin to those in the Delaware Basin, are strategically positioned to cater to the escalating demand for natural gas processing services in the Midland Basin.
Facilitating Growth in the Energy Sector
A.J. "Jim" Teague, co-chief executive officer of Enterprise's general partner, emphasized the pivotal role of the Permian Basin in shaping the trajectory of NGL production. He underscored EPD’s proactive approach in expanding its natural gas processing network to accommodate the burgeoning energy landscape. By providing safe and reliable access to domestic and international markets, the company is poised to facilitate sustained growth in the energy sector.
Zacks Rank & Key Picks
Currently, Enterprise carries a Zack Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Sunoco LP (SUN - Free Report) , Murphy USA Inc. (MUSA - Free Report) and Global Partners (GLP - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sunoco is among the biggest motor fuel distributors in the U.S. wholesale market in terms of volumes. By distributing more than 10 fuel brands via 10,000 convenience stores under long-term distribution contracts, the partnership will continue to generate stable cash flow.
The Zacks Consensus Estimate for SUN’s 2024 earnings per share (EPS) is pegged at $4.96. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Murphy USA is a leading independent retailer of motor fuel and convenience merchandise in the United States.
The Zacks Consensus Estimate for MUSA’s 2024 EPS is pegged at $26.32. The company has a Zacks Style Score of B for Growth and B for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Global Partners is a leading operator of gasoline stations and convenience stores. Over the past 30 days, GLP has witnessed upward earnings estimate revisions for 2023 and 2024.
The Zacks Consensus Estimate for Global Partners’ 2024 and 2025 EPS is pegged at $3.90 and $4.47, respectively. GLP currently has a Zacks Style Score of A for Value.