We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enterprise Products Rewards Unitholders With Distribution Hike
Read MoreHide Full Article
Enterprise Products Partners LP (EPD - Free Report) has announced approvals from the board of directors of its general partners to increase quarterly distributions.
The hiked quarterly distribution to be paid to its common unitholders is 53.5 cents per unit, which is $2.14 per unit on an annualized basis. Enterprise Products said that the fourth-quarter distribution, representing an increase of 1.9% from the prior-quarter distribution, will be paid on Feb. 14 to common unitholders of record as of the close of business on Jan. 31.
Enterprise Products is also repurchasing units to return capital to unit holders. Through the December quarter of 2024, in the open market, the partnership repurchased $63 million of its common units. Last year, EPD bought back a total of $219 million of common units, utilizing 57% of its $2 billion authorized repurchase program.
EPD, currently carrying a Zacks Rank #3 (Hold), has a stable business model and is not significantly exposed to the volatility in oil and gas prices. Enterprise Products generates stable fee-based revenues from its extensive pipeline network that spreads across more than 50,000 miles, transporting natural gas, natural gas liquids, crude oil petrochemicals and refined products. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other midstream players that also generate stable fee-based revenues and are less vulnerable to oil and gas prices are The Williams Companies Inc. (WMB - Free Report) , Enbridge Inc. (ENB - Free Report) and Kinder Morgan, Inc. (KMI - Free Report) .
Having ownership and operating interests in pipeline networks spanning 33,000 miles, The Williams Companies transports natural gas from the prolific basins in the United States to the end market.
With a significant portion of its assets being contracted by shippers for the long term, Enbridge’s business model is less exposed to volatility in oil and gas prices. Backed by long-term contracts, ENB’s business model has considerably lower volume risk exposure.
Being a leading midstream service provider, Kinder Morgan’s pipeline and storage assets are secured under long-term take-or-pay contracts. These contracts ensure that shippers pay for the capacity reserved, whether they utilize it or not, which provides a steady stream of revenues. This structure allows Kinder Morgan to generate stable earnings insulated from fluctuations in the volume of natural gas transported, offering significant stability to its bottom line.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Enterprise Products Rewards Unitholders With Distribution Hike
Enterprise Products Partners LP (EPD - Free Report) has announced approvals from the board of directors of its general partners to increase quarterly distributions.
The hiked quarterly distribution to be paid to its common unitholders is 53.5 cents per unit, which is $2.14 per unit on an annualized basis. Enterprise Products said that the fourth-quarter distribution, representing an increase of 1.9% from the prior-quarter distribution, will be paid on Feb. 14 to common unitholders of record as of the close of business on Jan. 31.
Enterprise Products is also repurchasing units to return capital to unit holders. Through the December quarter of 2024, in the open market, the partnership repurchased $63 million of its common units. Last year, EPD bought back a total of $219 million of common units, utilizing 57% of its $2 billion authorized repurchase program.
EPD, currently carrying a Zacks Rank #3 (Hold), has a stable business model and is not significantly exposed to the volatility in oil and gas prices. Enterprise Products generates stable fee-based revenues from its extensive pipeline network that spreads across more than 50,000 miles, transporting natural gas, natural gas liquids, crude oil petrochemicals and refined products. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other midstream players that also generate stable fee-based revenues and are less vulnerable to oil and gas prices are The Williams Companies Inc. (WMB - Free Report) , Enbridge Inc. (ENB - Free Report) and Kinder Morgan, Inc. (KMI - Free Report) .
Having ownership and operating interests in pipeline networks spanning 33,000 miles, The Williams Companies transports natural gas from the prolific basins in the United States to the end market.
With a significant portion of its assets being contracted by shippers for the long term, Enbridge’s business model is less exposed to volatility in oil and gas prices. Backed by long-term contracts, ENB’s business model has considerably lower volume risk exposure.
Being a leading midstream service provider, Kinder Morgan’s pipeline and storage assets are secured under long-term take-or-pay contracts. These contracts ensure that shippers pay for the capacity reserved, whether they utilize it or not, which provides a steady stream of revenues. This structure allows Kinder Morgan to generate stable earnings insulated from fluctuations in the volume of natural gas transported, offering significant stability to its bottom line.