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EPD $28.93

EPD target price
28.93
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Enterprise Products Partners L.P.
Type
Public
Traded as NYSE: EPD
Industry Oil and gas
Founded 1968
Headquarters Enterprise Plaza
Houston, Texas
, United States
Products Crude oil, refined products and certain petrochemicals.
Services Oil and gas transportation
Revenue Increase US$47.95 billion (2014)
Owner Duncan Family
Website www.enterpriseproducts.com

Enterprise Products Partners L.P. is an American natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004, and is a member of the Fortune 500. Dan Duncan (1933–2010) was the majority owner.

In 2005, Ralph S. Cunningham became CEO of Enterprise Products Partners.

On July 23, 2007, Cunningham replaced Michael A. Creel as president and CEO of the affiliated Enterprise GP Holdings LP (NYSE: EPE). Cunningham had earlier been named interim president and CEO, and resigned from the Enterprise Products CEO position effective July 31, 2007. Creel then became president and CEO of the company's general partner Enterprise Products Partners L.P.

Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP (NYSE: EPL).

Enterprise Products acquired Enterprise GP Holdings in 2010.

On February 8, 2011, a series of explosions destroyed much of a Mont Belvieu facility owned and operated by Enterprise Products. The ensuing fire was controlled after two hours. One contractor at the plant was not accounted for, however no other injuries were reported.

On January 26, 2015, a 20-inch Enterprise Products ATEX pipeline carrying ethane exploded and burned in Brooke County, West Virginia. Despite snow in the area, five acres of woodlands burned, and 1,283,000 gallons of ethane were consumed, or lost. The fireball melted siding on nearby homes and damaged power lines; it is believed that day’s snowy weather lessened the damage. Reports suspect a girth weld failure from ductile tensile overload, with the pipeline being less than two years old. There were no injuries.

On December 1, 2015, personnel from Enterprise discovered a spill at their West Cushing Tank Farm, in Cushing, Oklahoma. Approximately 42,000 gallons of crude oil were released within the terminal. A tank line had failed from internal corrosion.

On January 30, 2017, a road crew punctured the Seaway S-1 crude oil pipeline in Texas, which is jointly joined by Enterprise Products Partners and the Canadian Enbridge Inc. through the joint venture Seaway Crude Pipeline Company. Two days later, it was unclear how much oil had spilled over the nearby Highway 121 northeast of Dallas. After the incident, supply concerns reportedly helped push "oil prices 2% higher in early trading to nearly $54 a barrel.

According to the company website, it has the following assets:

51,000 miles (82,000 km) of pipelines, including:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-03 0.64 0.64
Q1 2022 2022-05-02 0.59 0.59
Q4 2021 2022-02-01 0.47 0.47
Q3 2021 2021-11-02 0.52 0.52
Q2 2021 2021-07-28 0.50 0.50
Q1 2021 2021-05-03 0.61 0.61
Q4 2020 2021-02-03 0.15 0.15
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-07-29 0.47 0.47

Ratings

2016-06-01 Initiated Coverage Howard Weil Sector Outperform $31.00
2016-05-11 Initiated Coverage Sanford C. Bernstein Market Perform to Outperform $33.00
2016-05-02 Reiterated Rating Credit Suisse Hold $30.00
2016-05-02 Reiterated Rating Credit Suisse Group AG Hold $30.00
2016-04-29 Downgrade Seaport Global Securities Buy to Neutral $30.00
2016-04-19 Initiated Coverage BMO Capital Markets Outperform $29.00
2016-04-19 Lower Price Target Citigroup Inc. Buy $31.00 to $29.00
2016-04-14 Reiterated Rating DA Davidson Buy
2016-04-13 Initiated Coverage Barclays Overweight $32.00
2016-04-13 Initiated Coverage Barclays PLC Overweight $32.00
2016-04-01 Initiated Coverage Piper Jaffray Overweight
2016-04-01 Initiated Coverage Simmons Overweight $30.00
2016-04-01 Reiterated Rating Seaport Global Securities Buy
2016-04-01 Initiated Coverage Piper Jaffray Cos. Overweight
2016-03-31 Reiterated Rating JPMorgan Chase & Co. Buy $32.00
2016-03-31 Reiterated Rating Mitsubishi UFJ Financial Group Overweight $34.00
2016-03-17 Downgrade Credit Suisse Outperform to Neutral $30.00
2016-03-10 Reiterated Rating Credit Suisse Neutral to Outperform $30.00
2016-02-09 Reiterated Rating Goldman Sachs Buy
2016-02-09 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-01-31 Reiterated Rating Credit Suisse Buy
2016-01-28 Reiterated Rating Stifel Nicolaus Buy
2016-01-20 Upgrade Morgan Stanley Equal Weight to Overweight $27.00
2016-01-14 Lower Price Target Jefferies Group Buy $35.00 to $34.00
2016-01-06 Initiated Coverage Howard Weil Sector Outperform $31.00 to $31.00
2016-01-06 Reiterated Rating Scotiabank Sector Outperform $31.00
2016-01-05 Lower Price Target SunTrust Buy $35.00
2016-01-05 Lower Price Target SunTrust Banks Inc. Buy $35.00
2015-11-16 Reiterated Rating Deutsche Bank Buy $32.00 to $30.00
2015-11-16 Reiterated Rating Deutsche Bank AG Buy $32.00 to $30.00
2015-11-03 Lower Price Target Argus Buy $44.00 to $38.00
2015-10-30 Lower Price Target Raymond James $35.00 to $31.00
2015-10-30 Lower Price Target Stifel Nicolaus $34.00 to $32.00
2015-10-30 Lower Price Target Raymond James Financial Inc. $35.00 to $31.00
2015-10-20 Lower Price Target Deutsche Bank Buy $34.00 to $32.00
2015-09-21 Lower Price Target RBC Capital Outperform $41.00 to $34.00
2015-09-21 Lower Price Target Royal Bank Of Canada Outperform $41.00 to $34.00
2015-09-11 Lower Price Target Goldman Sachs Buy $38.00 to $32.00
2015-09-09 Lower Price Target Global Hunter Securities Buy $38.00 to $35.00
2015-09-09 Lower Price Target Seaport Global Securities Buy $38.00 to $35.00
2015-07-31 Reiterated Rating Stifel Nicolaus Buy $38.00 to $34.00
2015-07-23 Initiated Coverage DA Davidson Buy $36.00
2015-07-14 Reiterated Rating SunTrust Buy
2015-06-16 Initiated Coverage SunTrust Buy $39.00
2015-06-02 Reiterated Rating Oppenheimer Outperform $39.00
2015-06-02 Reiterated Rating Oppenheimer Holdings Inc. Outperform $39.00
2015-05-19 Initiated Coverage Wunderlich Buy $38.00
2015-05-18 Initiated Coverage Deutsche Bank Buy $38.00
2015-05-01 Reiterated Rating Credit Suisse Outperform $41.00
2015-04-06 Lower Price Target JPMorgan Chase & Co. Overweight $42.00 to $41.00
2015-03-23 Upgrade Jefferies Group Hold to Buy $36.00
2015-03-19 Initiated Coverage Citigroup Inc. Buy $45.00 to $37.00
2015-01-20 Lower Price Target Oppenheimer Outperform $44.00 to $39.00
2015-01-09 Lower Price Target Jefferies Group Hold $40.00 to $36.00
2014-12-19 Lower Price Target Barclays Overweight $45.00 to $43.00
2014-12-04 Initiated Coverage Capital One Financial Corp. Overweight
2014-10-07 Reiterated Rating Jefferies Group Hold $39.50 to $40.00
2014-10-06 Reiterated Rating Argus Buy $42.00 to $44.00
2014-10-02 Reiterated Rating RBC Capital Outperform $46.00 to $41.00
2014-10-02 Reiterated Rating Credit Suisse Outperform $42.50 to $46.00
2014-09-09 Initiated Coverage BMO Capital Markets Outperform $45.00
2014-08-28 Boost Price Target Stifel Nicolaus Buy $40.00 to $43.00
2014-08-27 Reiterated Rating Oppenheimer Outperform $87.00 to $44.00
2014-08-01 Reiterated Rating Raymond James Strong-Buy $40.50 to $41.50
2014-08-01 Boost Price Target Stifel Nicolaus $39.00 to $40.00
2014-08-01 Boost Price Target RBC Capital $40.00 to $41.00
2014-08-01 Boost Price Target Credit Suisse $40.00 to $42.50
2014-08-01 Reiterated Rating Barclays Overweight $40.00 to $40.50
2014-08-01 Reiterated Rating Deutsche Bank Positive
2014-07-29 Reiterated Rating Citigroup Inc. Buy $38.50 to $45.00
2014-06-03 Initiated Coverage Global Hunter Securities Buy $41.50
2014-06-03 Boost Price Target Jefferies Group Hold $37.50 to $38.00
2014-06-03 Initiated Coverage Seaport Global Securities Buy $41.50
2014-05-06 Boost Price Target Argus Buy $2.50 to $40.00
2014-05-02 Reiterated RBC Capital Mkts Outperform $71 to $80
2014-05-02 Reiterated Rating Stifel Nicolaus Buy $37.50 to $39.00
2014-05-02 Boost Price Target Oppenheimer Outperform $37.00 to $43.00
2014-05-02 Boost Price Target Credit Suisse $39.00 to $40.00
2014-05-02 Boost Price Target RBC Capital Outperform $35.50 to $40.00
2014-04-17 Downgrade Jefferies Group Buy to Hold $37.00 to $37.50
2014-03-28 Boost Price Target Citigroup Inc. $37.00 to $38.50
2014-03-20 Reiterated Stifel Buy $70 to $75
2014-03-20 Boost Price Target Stifel Nicolaus Buy $35.00 to $37.50
2014-03-19 Boost Price Target Deutsche Bank $39.00 to $40.00
2014-03-19 Boost Price Target Barclays $35.00 to $36.50
2014-03-19 Upgrade Credit Suisse Neutral to Outperform $35.50 to $39.00
2014-03-14 Boost Price Target Jefferies Group $36.50 to $37.00
2014-01-31 Boost Price Target Argus Buy $35.00 to $37.50
2014-01-31 Boost Price Target Barclays $34.00 to $35.00
2014-01-06 Boost Price Target Deutsche Bank Buy $35.00 to $37.00
2013-11-01 Reiterated Rating Argus Buy $35.00 to $31.64
2013-04-19 Reiterated Wunderlich Buy $61 to $66
2013-04-18 Reiterated Deutsche Bank Buy $68 to $70
2012-02-16 Upgrade Argus Hold to Buy $61
2012-01-11 Reiterated Wunderlich Buy $48 to $54
2011-01-26 Reiterated Ladenburg Thalmann Buy $46.50 to $48
2016-06-01 Initiated Coverage Howard Weil Sector Outperform $31.00
2016-05-11 Initiated Coverage Sanford C. Bernstein Market Perform to Outperform $33.00
2016-05-02 Reiterated Rating Credit Suisse Hold $30.00
2016-05-02 Reiterated Rating Credit Suisse Group AG Hold $30.00
2016-04-29 Downgrade Seaport Global Securities Buy to Neutral $30.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WILLIAMS RANDA DUNCAN 7.07%  (66408549) EPD / ETE /
CREEL MICHAEL A Chief Executive Officer 0.17%  (1576074) EPD / WMB /
BACHMANN RICHARD H 0.15%  (1371338) CEP / EPD /
ORDEMANN WILLIAM Group Senior Vice President 0.10%  (958776) EPD /
FOWLER W RANDALL EVP & Chief Financial Officer 0.10%  (900254) EPD /
KNESEK MICHAEL J SVP, PAO, & Controller 0.06%  (572059) EPD /
Smith Edwin E 0.04%  (420654) EPD /
BOURDON LYNN L III Group Senior Vice President 0.03%  (297734) AMID / ENBL / EPD /
Hildebrandt Stephanie C SVP, General Counsel & Sec 0.03%  (248362) EPD / EXH / TRR / WRD /
HACKETT JAMES T 0.02%  (223560) APC / BG / CAM / EPD / FLR / NOV /
Bacon Graham W. Group Senior Vice President 0.02%  (201574) EPD /
Hurlburt Terrance L Group Senior Vice President 0.02%  (196771) EPD /
Cardillo Gerald R. Group Senior Vice President 0.02%  (177912) EPD /
Bulawa Bryan F. SVP & Treasurer 0.02%  (163787) EPD /
Smith Michael Corwin Group Senior Vice President 0.02%  (154671) EPD /
CUNNINGHAM RALPH S 0.01%  (128769) EPD / TTI /
MCMAHEN CHARLES E 0.01%  (104617) EPD /
Hanson Michael W VP & Principal Acctg Officer 0.01%  (97094) EPD /
Murray Craig W. Group SVP & General Counsel 0.01%  (64827) EPD /
SNELL RICHARD S 0.01%  (60230) EPD /
Secrest Brent B. Senior Vice President 0.01%  (47903) EPD /
ANDRESS THURMON 0.01%  (47552) EPD /