Enterprise Prods Partners Stock (NYSE: EPD)

Dernières nouvelles pour Enterprise Prods Partners (NYSE:EPD) Stock

Enterprise Prods Partners

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Enterprise Products Partners L.P. Common Stock

Enterprise Products Partners LP

ENTERPRISE PRDS PFD UT A by Enterprise Products Partners L.P.

Enterprise Products Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is currently considered undervalued, trading at a 9.81x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 11.89x.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/79322.jpg?v=432385788" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
While a discount valuation often presents a potentially profitable opportunity for investors, it is essential to investigate whether the partnership is facing any internal challenges. A more comprehensive analysis is required to determine if EPD&#39;s discounted valuation is justified based on its fundamentals, growth prospects and prevailing market conditions.
<h2>EPD&#39;s $7B Key Projects &amp; Handsome Distribution Yield</h2>
Enterprise Products, a top-tier North American midstream service provider, boasts a vast and diversified asset portfolio. This includes more than 50,000 miles of pipelines and a storage capacity of 300 million barrels. These assets are utilized by shippers on long-term contracts to transport and store natural gas liquids, crude oil, refined products and petrochemicals. The partnership also has 14 billion cubic feet of natural gas storage capacity, securing stable fee-based revenues.
Additionally, EPD is set to generate additional fee-based earnings with $6.7 billion worth of major capital projects either currently in service or under construction. These project backlogs will not only secure stable cashflows but will also generate handsome unit-holder returns.
<img alt="Enterprise Products Partners LP" src="https://staticx-tuner.zacks.com/images/articles/charts/42/75535.jpg?v=193354622" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Enterprise Products Partners LP
Supported by its stable and resilient business model, Enterprise Products has achieved 26 consecutive years of distribution hikes. The current distribution yield of the partnership stands at 7.2%, higher than 6.5% of the composite stocks belonging to the&nbsp;industry.
Distribution Yield
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/31/79324.jpg?v=379506337" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>EPD to Buy Pinon Midstream: Additional Fee-Based Earnings?</h2>
On Aug. 21, Enterprise Products announced an agreement to acquire Pi&ntilde;on Midstream for $950 million in an all-cash transaction. Pi&ntilde;on, a key player in gas gathering, compression and treating, operates in the Delaware Basin, a sub-basin of the Permian.
Once the acquisition of all the equity interests in Pi&ntilde;on is completed, likely in the fourth quarter of this year, Enterprise Products will secure additional fee-based earnings. This is because Pi&ntilde;on&#39;s assets, comprising 50 miles of natural gas gathering pipelines, compressor stations and treating facilities with plans for significant capacity expansion, are backed by long-term fee-based contracts, minimizing exposure to commodity price fluctuations and reducing volume risks.
Pi&ntilde;on operates a premier sour gas treatment system in the Delaware Basin, an area with significant untapped potential. With the acquisition, EPD will be able to establish a significant presence in the basin much faster.
<h2>Should Investors Take a Chance on Undervalued EPD Stock?</h2>
Despite these positive developments, the partnership&#39;s stock is trading at a discount to its true value. Year to date, its units have jumped 17.3%, lagging the industry&#39;s composite stock growth of 24.2%. Prominent midstream companies such as Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) and Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) have also surpassed EPD, achieving gains of 31% and 20.5%, respectively, during the same timeframe.
Year-To-Date Price Chart
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/64/79326.jpg?v=1283134383" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
It appears that Enterprise Products has the potential to outperform the industry once the stock market begins to acknowledge its true value. However, there are concerns surrounding the stock, particularly regarding EPD&#39;s rising long-term debt, which is near its highest level in over a decade. This debt is primarily being utilized to finance substantial capital projects, and analysts worry that significant debt reduction may not occur in the near term. Recently, the company issued $2.5 billion in bonds at relatively favorable rates, but current borrowing rates exceed historical averages, resulting in increasingly rapid interest payments.
While EPD is currently undervalued, investors are probably better off not buying the stock until there is greater clarity on the partnership&#39;s future. Those who already own the stock should hold on to it. The stock carries a Zacks Rank #3 (Hold) at present.
Notably, major brokers have increased EPD&#39;s short-term price target by 14.1% from its recent closing price of $29.25, with the highest target set at $37, indicating a potential upside of 26.5%. Consequently, current investors holding their units stand to benefit from this upward price trend in the interim.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/40/79323.jpg?v=1169870962" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2342205/is-enterprise-s-cheap-valuation-an-opportunity-to-invest-in-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342205">To read this article on Zacks.com click here.</a>

Earnings

Equities

Large Cap

News

Bonds

Price Target

Contracts

Markets

Analyst Ratings

Trading Ideas

Is Enterprise's Cheap Valuation an Opportunity to Invest in the Stock?

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 12.5% since its last report. The company recently reported that it has 15.73 million shares sold short, which is 1.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726596017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Enterprise Prods Partners's Recent Short Interest

Energy companies on the U.S. Gulf Coast <a href="https://www.benzinga.com/government/24/09/40822108/hurricane-francine-approaches-louisiana-coast-may-become-category-2-storm">suffered minimal damage</a> after Hurricane Francine made landfall on Wednesday as a Category 2 hurricane and weakened as it made its way inland on Thursday.
Shell plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) inspected its manufacturing sites in Geismar and Norco, Louisiana, to ensure the. integrity of its equipment, systems and processes.
&#8220;At this early stage, there does not appear to be serious damage from wind, rain or storm surge at the facilities,&#8221; the company said on Thursday.
&#8220;As always, the safety of our people, the environment and our assets are Shell's top priority.&#8221;
Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) said it had 10,790 customer outages in the southern area of its Mississippi territory, and that outages are expected to fluctuate throughout Thursday as the storm moved through its service area.
&#8220;We have assembled a team of over 1,500 linemen, vegetation workers, damage assessors and support personnel to work with our Entergy teams in the restoration process,&#8221; the company said.
Read Also:<a href="https://www.benzinga.com/markets/equities/24/09/40838076/hurricane-disrupts-ups-deliveries-in-southern-us-details"> Hurricane Disrupts UPS Deliveries In Southern US: Details</a>
 &#8220;We stand ready as Francine continues to impact our service area and are responding by assessing damage and restoring service to our customers where it is safe to do so.&#8221;
Pipeline operator Enterprise Products Partners LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>)&nbsp;on Thursday said its assets in south Louisiana did not sustain any noteworthy damage as a result of the storm, but it did say that some customers lost power, Reuters reported.
&#8220;The main issue at present is a loss of commercial power at locations in the track of the storm. Temporary generators are being deployed where possible and Enterprise is working with electric service providers to prioritize their restoration efforts,&#8221; the company said.
The hurricane weakened Thursday as it headed inland, allowing emergency crews in Lousiana to begin clearing roads while utility workers started restoring electricity, the Associated Press <a href="https://apnews.com/article/francine-tropical-storm-louisiana-gulf-coast-09879999e209ff5e043ef0e4ca7f527f">reported</a>.
At the height of the storm, 450,000 people in Louisiana were without power, according to the state&#8217;s Public Service Commission. Many outages were caused by falling debris.
Hurricane Francine dumped up to six inches of rain in parts of Mississippi, Arkansas, Tennessee and Georgia and up to 10 inches in some areas of Alabama and Florida.
Price Action: Energy companies with facilities on the U.S. Gulf Coast trended upward on Thursday.
<ul>
<li>Shell gained 1.16% to close at $66.98</li>
<li>Entergy picked up 1.09% to end the trading day at $123.55</li>
<li>Enterprise Product Partners edged up 0.79% to close at $29.40</li>
</ul>
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>), a manufacturer of generators for homes and businesses, declined 1.76% to $140.68 on Thursday. 
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">Storm Debby Headed For NYC, Highly Populated Areas As &#8216;Catastrophic Flooding&#8217; Persists</a></li>
</ul>
Photo: Courtesy NOAA

GNRC

SHEL

Energy Companies Sustain Minimal Damages As Hurricane Francine Weakens Inland

Enterprise Products Says The Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible; Working With Electric Service Providers To Prioritize Their Restoration Efforts

Enterprise Products Partners Says Initial Assessments Indicate That Co's Assets Fared Well During Storm Francine And Sustained No Noteworthy Damage; "Main Issue At Present Is A Loss Of Commercial Power At Locations In The Track Of The Storm; Temporary Generators Are Being Deployed Where Possible"; Personnel, Equipment Have Been Mobilized And Re-entry Teams Are In Process Of Assessing Damage In Preparation For Clean-up, Resuming Operations

Enterprise To Acquire Piñon Midstream For $950M In Cash Consideration

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 10.78% since its last report. The company recently reported that it has 13.32 million shares sold short, which is 0.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723234523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Truist Securities analyst Neal Dingmann maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $35 to $37.

Truist Securities Maintains Buy on Enterprise Prods Partners, Raises Price Target to $37

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported second-quarter fiscal 2024 sales growth of 26.6% year over year to $13.48 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031518/enterprise-reports-results-for-second-quarter-2024" rel="noreferrer noopener">missing the consensus of $14.27 billion.</a>
Adjusted EBITDA rose to $2.39 billion from $2.17 billion a year ago, and the margin contracted by 266 bps to 17.7%.
EPS was 64 cents, up from 57 cents in the second quarter of 2023, <a href="https://www.benzinga.com/earnings">missing the consensus of 65 cents.</a>
Distributable Cash Flow was $1.812 billion for the quarters compared to $1.735 billion a year ago. Adjusted cash flow provided by operating activities was $2.065 billion compared to $1.886 billion in the second quarter of 2023.
Adjusted total gross operating margin contracted by 260 bps to 17.9%.
The gross operating margin from the NGL Pipelines &amp; Services segment was $1.3 billion compared to $1.1 billion a year ago.
Natural Gas Pipelines &amp; Services gross operating was $293 million versus $238 million YoY; Petrochemical &amp; Refined Products Services gross operating margin was $392 million versus $383 million a year ago.
In the quarter, capital investments came in at $1.3 billion, including sustaining capital expenditures of $245 million.
Total debt principal outstanding at June-end was $30.6 billion; consolidated liquidity was ~$3.4 billion, comprised of available borrowing capacity under its revolving credit facilities and unrestricted cash on hand.
&#8220;Even though the second quarter is typically our seasonally weakest quarter, the partnership handled a near record 12.6 million BPD of equivalent pipeline volumes and 2.2 million BPD of marine terminal volumes, as well as record fee-based natural gas processing, NGL pipeline and NGL fractionation volumes,&#8221; commented A. J. &#8220;Jim&#8221; Teague, co-chief executive officer of Enterprise&#8217;s general partner.
&#8220;The partnership has $6.7 billion of fee-based growth projects under construction that provide visibility to future earnings and cash flow growth,&#8221; stated Teague.
The company repurchased ~$40 million of its common units for the quarter, utilizing 50% of its authorized $2 billion common unit buyback program.
The company expects organic growth capital investments of $3.5 billion to $3.75 billion in 2024 and $3.25 billion to $3.75 billion in 2025. It sees sustaining capital expenditures of $600 million in 2024.
Additionally, Enterprise Products Partners announced an expansion of the Houston Ship Channel facility, increasing propane and butane export capacity by 300,000 BPD. The expanded service <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40031767/enterprise-expanding-houston-ship-channel-export-facility" rel="noreferrer noopener">is expected to begin by the end of 2026.</a>
The need for increased LPG capacity at EHT is driven by Enterprise&#8217;s success at Neches River Terminal.
Price Action: EPD shares are trading lower by 1.36% at $29.30 at the last check Tuesday.

Enterprise Products Misses Q2 Estimates, Plans Houston Ship Channel Expansion

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced that it is moving forward with a key expansion project along the Houston Ship Channel in response to continued strong customer demand for natural gas liquids export capacity. At the Enterprise Hydrocarbons Terminal (&quot;EHT&quot;), the company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 barrels per day (&quot;BPD&quot;). In addition to providing incremental capacity for liquefied petroleum gas (&quot;LPG&quot;), the expansion will increase instantaneous loading rates for propane and butane, while making additional capacity available for propylene exports. The expanded service is expected to begin by the end of 2026.
The need for increased LPG capacity at EHT is being driven by the success Enterprise has had in contracting the company&#39;s flexible product capacity at its Neches River Terminal (&quot;NRT&quot;) being developed in Orange County, Texas, adjacent to the company&#39;s Beaumont East refined products terminal. Phase 1 of the NRT buildout includes the addition of a new loading dock, an ethane refrigeration train with a nameplate capacity of 120,000 BPD, and a 900,000-barrel refrigerated tank that will accommodate loading rates up to 45,000 barrels per hour. Phase 1 is expected to begin service in the second half of 2025.
Phase 2 includes a second refrigeration train that will allow Enterprise to load up to 180,000 BPD of ethane, 360,000 BPD of propane, or a combination of the two. The second phase is expected to begin service in the first half of 2026.
Growth capital associated with the EHT and NRT projects fits within the company&#39;s existing forecasted growth capital expenditure ranges for 2024-2026.

Enterprise Products Partners Boosts Propane and Butane Exports with Houston Terminal Expansion

Distributable Cash Flow ("DCF") was $1.8 billion for the second quarter of 2024, compared to $1.7 billion for the second quarter of 2023. Distributions declared with respect to the second quarter of 2024 increased 5 percent to $0.525 per common unit, or $2.10 per common unit annualized, compared to distributions declared for the second quarter of 2023. DCF provided 1.6 times coverage of the distribution declared for the second quarter of this year, and Enterprise retained $661 million of DCF

Enterprise Products Partners Q2 Distributable Cash Flow $1.8B

Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.65 by 1.54 percent. This is a 12.28 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $13.483 billion which missed the analyst consensus estimate of $14.270 billion by 5.52 percent. This is a 26.59 percent increase over sales of $10.651 billion the same period last year.

Earnings Misses

Enterprise Prods Partners Q2 2024 GAAP EPS $0.64 Misses $0.65 Estimate, Sales $13.483B Miss $14.270B Estimate

Murphy USA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/musa#NYSE">MUSA</a>) is set to release second-quarter results on Jul 31. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $6.90 per share on revenues of $5.6 billion.
Let&#39;s delve into the factors that might have influenced the downstream operator&#39;s results in the June quarter. But it&#39;s worth taking a look at MUSA&#39;s previous-quarter performance first.
<h3>Highlights of Q1 Earnings &amp; Surprise History</h3>
In the last reported quarter, the El Dorado, AR-based motor fuel retailer missed the consensus mark due to lower fuel margins and weak petroleum product sales. MUSA had reported earnings per share of $3.12, well below the Zacks Consensus Estimate of $4.09. Revenues of $4.8 billion generated by the firm also came below the consensus mark by $25 million.
MUSA beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 3.1%, on average. This is depicted in the graph below:
<div class="chart_embed">
<h3>Murphy USA Inc. Price and EPS Surprise</h3>
<img alt="Murphy USA Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/98/1721817755.png" style="height:266px; width:553px" title="" />
Murphy USA Inc. price-eps-surprise | Murphy USA Inc. Quote
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for the second-quarter bottom line has been revised 2.7% upward in the past seven days. The estimated figure indicates a 14.6% improvement year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests essentially no change from the year-ago period.
</div>
<h3>Factors to Consider</h3>
Our model sees MUSA&#39;s total fuel contribution gain 15.5% quarter over quarter to $330.5 million due to margin expansion. Moreover, total fuel contribution (including retail fuel margin plus product supply and wholesale results) is likely to have come in at 26.6 cents per gallon compared to 24.8 cents in the first quarter of 2024.
Murphy USA is also expected to have benefited from sequentially higher petroleum product sales during the quarter. Our model projects the company&#39;s second-quarter petroleum product sales at $4.3 billion, up 13.7% from the previous quarter&#39;s level of $3.8 billion. Further, our model predicts MUSA to clock merchandise sales of $1.1 billion compared with the first quarter&#39;s $1 billion. This increase in sales is likely to have had a positive effect on the second-quarter revenues and cash flows of Murphy USA.
On a further bullish note, the rise in MUSA&#39;s retail fuel gallons might have supported the company&#39;s to-be-reported bottom line. Going by our model, the company&#39;s second-quarter retail fuel volume is likely to have totaled 1,241.8 million gallons, gaining around 90 million gallons from the January-March period. Our model also projects volumes on a same-store sales basis (or fuel gallons per store) to have gained around 6% from the first quarter of 2024 to 241 thousand.
<h3>Why a Likely Positive Surprise?</h3>
Our proven model predicts an earnings beat for Murphy USA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
MUSA has an Earnings ESP of +0.10% and a Zacks Rank #3.
<h3>Other Stocks to Consider</h3>
Murphy USA is not the only company looking up this earnings cycle. Here are some other firms that you may want to consider on the basis of our model:
Enterprise Products Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) has an Earnings ESP of +4.25% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 30.
The 2024 Zacks Consensus Estimate for Enterprise Products Partners indicates 7.5% year-over-year earnings per share growth. It has a trailing four-quarter earnings surprise of 1%, on average. Valued at around $65.1 billion, EPD has gone up 10.5% in a year.
Northern Oil and Gas (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nog#NYSE">NOG</a>) has an Earnings ESP of +1.93% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 30.
Over the past 30 days, the Zacks Consensus Estimate for Northern Oil and Gas&#39; 2024 earnings has moved up 2.1%. It has a trailing four-quarter earnings surprise of 4.5%, on average. Valued at around $4.1 billion, NOG has inched up 1.9% in a year.
Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) has an Earnings ESP of +20.67% and a Zacks Rank #3. The firm is scheduled to release earnings on Jul 31.
Transocean&#39;s expected EPS growth rate for three to five years is currently 32.6%, which compares favorably with the industry&#39;s growth rate of 17.6%. It has a trailing four-quarter earnings surprise of 11.8%, on average. Valued at around $5.1 billion, RIG has lost 35.3% in a year.
<a href="https://www.zacks.com/stock/news/2307654/can-murphy-usa-musa-pull-off-a-strong-show-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2307654">To read this article on Zacks.com click here.</a>

Earnings Beats

MUSA

Can Murphy USA Pull Off a Strong Show in Q2 Earnings?

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has fallen 10.53% since its last report. The company recently reported that it has 14.86 million shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721395818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can&#39;t control the latter, but they can focus on a company&#39;s earnings results every quarter.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it&#39;s time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Enterprise Products Partners?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.69 a share 27 days away from its upcoming earnings release on August 6, 2024.
By taking the percentage difference between the $0.69 Most Accurate Estimate and the $0.66 Zacks Consensus Estimate, Enterprise Products Partners has an Earnings ESP of +5.34%. Investors should also know that EPD is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they&#39;ve reported.
EPD is part of a big group of Oils and Energy stocks that boast a positive ESP, and investors may want to take a look at TC Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trp#NYSE">TRP</a>) as well.
Slated to report earnings on July 25, 2024, TC Energy holds a #3 (Hold) ranking on the Zacks Rank, and it&#39;s Most Accurate Estimate is $0.65 a share 15 days from its next quarterly update.
The Zacks Consensus Estimate for TC Energy is $0.63, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +3.18%.
EPD and TRP&#39;s positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
<a href="https://www.zacks.com/stock/news/2299071/these-2-oils-and-energy-stocks-could-beat-earnings-why-they-should-be-on-your-radar?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_earnings_esp-2299071">To read this article on Zacks.com click here.</a>

These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 8.65% since its last report. The company recently reported that it has 16.47 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718802016_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(EPD) - Analyzing Enterprise Prods Partners's Short Interest

Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) has unveiled plans for an expansion of the Westcoast Pipeline in British Columbia to address the rising natural gas demand in the province and the U.S. Pacific Northwest.
The Sunrise Expansion Program suggests extending the southern segment of the pipeline, referred to as Transmission-South.
The expansion project will add a 137-kilometer looping pipeline with a 42-inch diameter, significantly boosting the natural gas transportation capacity by 300 million cubic feet per day. The development is intended to ensure a steady supply of natural gas for various uses, including heating homes and businesses, powering hospitals and schools, and generating electricity.
The Westcoast Pipeline, operational for 70 years, has a history dating back to the 1950s when the initial 30-inch diameter pipeline was installed, followed by a 36-inch diameter pipeline in the 1970s. The system is regulated by the Canada Energy Regulator (&quot;CER&quot;) as it is an interprovincial pipeline.
Enbridge submitted its application for the Sunrise Expansion Program to the CER on May 30, 2024. The company anticipates starting construction in 2026, with a projected completion date by the end of 2028.
Westcoast Energy Inc., an Enbridge subsidiary, owns and operates the extensive Westcoast/BC Pipeline system, which spans more than 2,900 kilometers from Fort Nelson and Gordondale near the Alberta border to the Canada-U.S. border and Huntington/Sumas.
To minimize the project&#39;s impacts on local communities, Enbridge will implement a socio-economic management plan, recognizing the presence of indigenous groups in the area. The project will include temporary lodging and parking facilities, requiring approximately 10 acres of land to accommodate up to 120 workers during construction.
Furthermore, the company is committed to prioritizing workplace health and safety training, human rights protection, and human trafficking prevention awareness throughout the project.
The Sunrise Expansion Program reflects Enbridge&#39;s commitment to meeting the growing energy needs, while addressing socio-economic and environmental considerations in the regions it serves.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Enbridge carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked companies mentioned below. The three companies presently carry a Zacks Rank #2 (Buy).
Enterprise Products Partners&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is among the leading midstream energy players in North America. It has an extensive network of pipelines that spreads across more than 50,000 miles.
The Zacks Consensus Estimate for EPD&#39;s 2024 and 2025 earnings per share is pegged at $2.73 and $2.87, respectively. The company has a Zacks Style Score of A for Value and Momentum. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
ProPetro Holding Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pump#NYSE">PUMP</a>) is an oilfield services provider operating primarily in the Permian Basin spread over West Texas and New Mexico. ProPetro&#39;s strategic transition to next-generation equipment, including FORCE electric fleets, underscores its market leadership and cutting-edge technology.
The Zacks Consensus Estimate for PUMP&#39;s 2024 and 2025 EPS is pegged at 67 cents and 83 cents, respectively. The company has a Zacks Style Score of A for Value and B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
USA Compression Partners, LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usac#NYSE">USAC</a>) is one of the largest independent natural gas compression service providers across the United States in terms of fleet horsepower. USA Compression Partners earns its revenues from the overall horsepower use of natural gas transported rather than the price. As such, the partnership is largely insulated from fluctuations in commodity prices.
The Zacks Consensus Estimate for USAC&#39;s 2024 and 2025 EPS is pegged at 77 cents and 98 cents, respectively. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2288018/enbridge-enb-announces-plans-to-expand-westcoast-pipeline?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2288018">To read this article on Zacks.com click here.</a>

Small Cap

PUMP

USAC

Enbridge Announces Plans to Expand Westcoast Pipeline

9 analysts have shared their evaluations of Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $33.33, a high estimate of $35.00, and a low estimate of $31.00. This current average has increased by 2.18% from the previous average price target of $32.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1718028022_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Enterprise Prods Partners. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$34.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$35.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$33.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Buy</td>
<td>$34.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$34.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enterprise Prods Partners. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Enterprise Prods Partners compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Enterprise Prods Partners's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Enterprise Prods Partners's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EPD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enterprise Prods Partners analyst ratings.</a>
<h2>Discovering Enterprise Prods Partners: A Closer Look</h2>
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
<h3>Unraveling the Financial Story of Enterprise Prods Partners</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Enterprise Prods Partners's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 18.61%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Enterprise Prods Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 9.77%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enterprise Prods Partners's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.21%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Enterprise Prods Partners's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.03%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.06, Enterprise Prods Partners adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Enterprise Prods Partners Stock: A Deep Dive Into Analyst Perspectives (9 Ratings)

Morgan Stanley analyst Robert Kad maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Equal-Weight and lowers the price target from $35 to $34.

Morgan Stanley Maintains Equal-Weight on Enterprise Prods Partners, Lowers Price Target to $34

Phillips 66&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psx#NYSE">PSX</a>) has announced its membership in the Permian Strategic Partnership (&quot;PSP&quot;), joining Energy Transfer (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>) and expanding the coalition to 31 members. This move marks a significant step for Phillips 66 as it aligns with PSP&#39;s mission to enhance the quality of life for residents in Southeast New Mexico and West Texas.
The Permian Basin region is a strategic growth area for Phillips 66 and the company has nearly 400 employees who call this area home. Partnering with the PSP demonstrates the company&#39;s commitment to supporting the communities wherein its employees live and work.
Founded five years ago, PSP has nearly doubled its size and exponentially expanded its impacts through collaborative efforts with federal, state and local leaders. The partnership remains dedicated to crafting and executing strategic plans to bolster essential facets of community life, including education, healthcare, workforce development and infrastructure.
Since its inception in 2019, PSP has committed nearly $160 million in member company contributions through public-private partnerships. These contributions have leveraged more than $1.5 billion in transformative investments, profoundly impacting the region&#39;s public schools, healthcare systems, road safety, infrastructure and workforce development opportunities.
With the inclusion of Phillips 66 and Energy Transfer, PSP&#39;s efforts are expected to further amplify its positive impacts on the Permian Basin. The collaborative efforts of these industry leaders will continue to drive initiatives that enhance community life, ensuring long-term benefits for the region&#39;s residents.
As Phillips 66 integrates into PSP, the company is poised to contribute significantly to the ongoing projects aimed at fostering excellence in education and healthcare, cultivating a skilled workforce, and enhancing infrastructure and road safety. This partnership underscores the commitment of Phillips 66 and other PSP members to support and uplift the communities wherein their employees live and work, promising a brighter future for the Permian Basin.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Phillips 66 carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked companies mentioned below. The three companies presently carry a Zacks Rank #2 (Buy).
USA Compression Partners, LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usac#NYSE">USAC</a>) is one of the largest independent natural gas compression service providers across the United States in terms of fleet horsepower. USA Compression Partners earns its revenues from the overall horsepower use of natural gas transported rather than the price. As such, the partnership is largely insulated from fluctuations in commodity prices.
The Zacks Consensus Estimate for USAC&#39;s 2024 and 2025 EPS is pegged at 77 cents and 98 cents, respectively. The company has a Zacks Style Score of B for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Enterprise Products Partners&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>) is among the leading midstream energy players in North America. It has an extensive network of pipelines that spreads across more than 50,000 miles.
The Zacks Consensus Estimate for EPD&#39;s 2024 and 2025 EPS is pegged at $2.71 and $2.87, respectively. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
<a href="https://www.zacks.com/stock/news/2285555/phillips-66-psx-joins-psp-to-enhance-community-development?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2285555">To read this article on Zacks.com click here.</a>

Phillips 66 Joins PSP to Enhance Community Development

Hard To Imagine Retirement Portfolio Without These 2 Blue Chips

Matador Resources Company: Acquisition Of Upstream Assets Set To Grow Valuation Into 2025

Very Overrated And Very Underrated High Yields

A Rare High-Yield Buying Opportunity

Energy continues to suffer but SA Quant Metrics highlight some opportunities

If I Were To Retire, I'd Buy These 3 Dividend Stocks Without Hesitation

High dividend stocks are attractive for dividend investors looking for passive income.

3 High Yield Stocks For Long-Term Income

A Strategic 7.6%-Yielding Portfolio For Fall 2024

Make Money While You Sleep, 2 Dividends For A Retirement Dream

During economic uncertainty, dividend growth stocks are a smart choice for stable passive income, inflation protection, and potential for increasing dividends, offering security in a volatile market. Therefore, investors might consider buying dividend growth stocks like Elevance Health (ELV), Enterprise Products Partners (EPD), and HP (HPQ), each with over 10 years of dividend payout increases. Read on… Dividend growth stocks offer rising dividends, boost yield on cost (<a href="https://www.investopedia.com/terms/y/yield-on-cost.asp">YOC</a>) and provide growing income. Ideal for investors seeking steady growth, these stocks also allow reinvesting dividends to compound returns over time.
Hence, income investors might consider investing in strong dividend growth stocks like Elevance Health, Inc. (<a href="https://stocknews.com/stock/ELV/">ELV</a>), Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>), and HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>), as their payouts have been increasing for over 10 years.
The mixed U.S. economy creates uncertainty for investors, with fluctuating inflation trends and Fed policies. The economic scenario ahead remains uncertain amid rate cuts and the upcoming presidential election. Amid this landscape, dividend growth stocks offer stable cash flows and low volatility, making them a safer choice.
Moreover, core inflation rose by <a href="https://www.jpmorgan.com/insights/outlook/economic-outlook/cpi-report-august-2024#:~:text=Core%20CPI%20findings,%25%20YoY%2C%20unchanged%20from%20July.&amp;text=The%20monthly%20rise%20was%20fueled,not%20think%20will%20be%20sustained.">0.3% in August 2024</a>, signaling that inflation is stabilizing, which supports more predictable dividend payouts as pressures ease. With the U.S. Consumer Price Index (CPI) slowing and core inflation moderating, the economy could shift toward steady growth, making dividend payers an attractive option for consistent returns in a more stable environment.
Furthermore, dividend growth stocks typically have lower payout ratios, strong balance sheets, and stable cash flows, making them more resilient in economic downturns. Considering these conducive trends, let's analyze the fundamental aspects of the three dividend stock picks.
Elevance Health, Inc. (<a href="https://stocknews.com/stock/ELV/">ELV</a>)
ELV operates as a health benefits company. The company operates through four segments: Commercial &amp; Specialty Business, Government Business, CarelonRx, and Other. It supports consumers, families, and communities across the entire care journey, connecting to the care, support, and resources to lead healthier lives.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, ELV's 6.63% is 1.3% higher than the 6.54% industry average. Likewise, its 1.55x trailing-12-month asset turnover ratio is 275.5% higher than the 0.41x industry average. Its 6.14% trailing-12-month EBIT margin is 122.1% higher than the 2.77% industry average.
ELV has paid dividends for 12 consecutive years.  Its annual dividend is $6.52, which translates to a yield of 1.25% at the current share price. Its four-year average dividend yield is 1.12%. Moreover, the company's dividend payouts have increased at a CAGR of 13.6% over the past three years.
ELV's net revenues for the second quarter ended June 30, 2024, increased marginally year-over-year to $43.89 billion. Similarly, the company's adjusted shareholders' net income was $2.36 billion, or $10.12 per share, up 9.9% and 11.9%, respectively, compared to the prior-year quarter.
Additionally, as of June 30, 2024, ELV's total assets stood at $112.99 billion, compared to $108.93 billion as of December 31, 2023.
Street expects ELV's EPS and revenue for the quarter ending September 30, 2024, to increase 7.9% and 1.6% year-over-year to $9.70 and $43.16 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 16.1% to close the last trading session at $520.28.
ELV's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #3 out of 10 stocks in the A-rated <a href="https://stocknews.com/category/health-insurance/">Medical - Health Insurance</a> industry. It has a B grade for Stability. <a href="https://stocknews.com/stock/ELV/">Click here</a> to see ELV's ratings for Growth, Value, Momentum, Sentiment, and Quality.
Enterprise Products Partners L.P. (<a href="https://stocknews.com/stock/EPD/">EPD</a>)
EPD provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines &amp; Services, Crude Oil Pipelines &amp; Services, Natural Gas Pipelines &amp; Services, and Petrochemical &amp; Refined Products Services.
On August 21, 2024, EPD announced it will acquire Piñon Midstream for $950 million in cash. This deal boosts EPD's natural gas treating operations in the Delaware Basin and is expected to close in Q4 2024.
On July 10, 2024, EPD declared a quarterly cash distribution of $0.525 per unit for the second quarter, a 5.0% increase from the prior year. The distribution will be paid on August 14, 2024, to unitholders of record as of July 31, 2024.
In terms of the trailing-12-month Return on Total Assets, EPD's 7.82% is 44% higher than the 5.43% industry average. Its 0.78x trailing-12-month asset turnover ratio is 57.6% higher than the 0.49x industry average. Also, its 20.73% trailing-12-month Return on Common Equity is 59.2% higher than the 13.02% industry average.
EPD pays an annual dividend of $2.10, which translates to a yield of 7.27% at the current share price. Its four-year average dividend yield is 7.63%. In addition, the company's dividend payouts have increased at a CAGR of 4.6% over the past three years. EPD has paid dividends for the past 25 years.
During the second quarter, which ended on June 30, EPD's total revenues increased 26.6% year-over-year to $13.48 billion. The company's operating income stood at $1.77 billion, up 11.8% year-over-year. Its net income attributable to common unitholders and earnings per common unit amounted to $1.41 billion and $0.64, representing increases of 12.1% and 12.3% year-over-year, respectively.
For the quarter ending September 30, 2024, EPD's EPS and revenue are expected to increase 10.12% and 17% year-over-year to $0.67 and $14.04 billion, respectively.  EPD's stock has gained 10.2% over the past nine months to close the last trading session at $28.88.
EPD's robust outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
Within the A-rated <a href="https://stocknews.com/category/oil-gas-mlps/">MLPs - Oil &amp; Gas</a> industry, it is ranked #10 out of 23 stocks. It has a B grade for Value, Momentum, and Stability. To see the other ratings of EPD for Growth, Sentiment, and Quality, <a href="https://stocknews.com/stock/EPD/">click here</a>.
HP Inc. (<a href="https://stocknews.com/stock/HPQ/">HPQ</a>)
HPQ provides personal computing and other digital access devices, imaging and printing products, and related technologies, solutions, and services worldwide. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.
On September 25, 2024, HPQ announced its acquisition of Vyopta, a provider of collaboration management solutions, to enhance its Workforce Experience Platform. This acquisition will improve HPQ's ability to offer customers advanced analytics, monitoring, and AI-driven insights for better employee experience and IT management.
In terms of the trailing-12-month EBIT margin, HPQ's 7.90% is 59.4% higher than the 4.95% industry average. Its 29.05% trailing-12-month Return on Total Capital is 941% higher than the 2.79% industry average. In addition, its 5.33% trailing-12-month net income margin is 47.2% higher than the industry average of 3.62%.
HPQ's annualized dividend of $1.10 per share translates to a dividend yield of 2.99% on the current share price. Its four-year average yield is 3.10%. Its dividend payouts have increased at a CAGR of 12.5% over the past three years. Also, HPQ has paid dividends for 13 consecutive years.
In the fiscal third quarter ended July 31, 2024, HPQ reported total net revenue of $13.52 billion, up 2.4% year-over-year. Its non-GAAP earnings from operations were $1.09 billion. Moreover, the company's non-GAAP net earnings were $819 million, or $0.83 per share.
Analysts expect HPQ's EPS for the quarter ending October 31, 2024, to increase 3.4% year-over-year to $0.93. Its revenue for the same quarter is expected to grow 1.4% year-over-year to $14.01 billion. HPQ's stock has gained 43.3% over the past year to close the last trading session at $36.85.
HPQ's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, it is ranked #12 out of 41 stocks. To access the additional POWR Ratings of HPQ for Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/HPQ/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ELV shares were trading at $525.55 per share on Friday afternoon, up $5.27 (+1.01%). Year-to-date, ELV has gained 12.49%, versus a 21.41% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/elv-epd-hpq-3-dividend-growth-stocks-with-payouts-increasing-for-10-years/>3 Dividend Growth Stocks With Payouts Increasing for 10+ Years</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Growth Stocks With Payouts Increasing for 10+ Years

AMLP

ARCC

ARES

BEPC

BIPC

BIZD

BXSL

EPDU

EPRT

JEPQ

MAIN

MLPA

MPLX

MPLXP

MSFT

MTDR

NVDA

PFFR

SCHD

Press Releases

Enterprise to Participate in J.P. Morgan Energy, Power and Renewables Conference

Enterprise 2023 Schedule K-3 Forms Now Available

Enterprise Declares Quarterly Distribution

Enterprise Reports Results for Second Quarter 2024

Enterprise Expanding Houston Ship Channel Export Facility

Enterprise Prices $2.5 Billion Aggregate Principal Amount of Senior Notes

Enterprise to Participate in Citi One-on-One Midstream & New Energy Infrastructure Conference

Enterprise to Acquire Piñon Midstream

Enterprise to Participate in Investor Conferences

Management

Enterprise Products Partners L.P. (NYSE: EPD) Co-CEO Jim Teague Interviewed by Advisor Access

Antero Midstream Corporation Common Stock

Antero Midstream

Cheniere Energy Partners, LP Common Units

Cheniere Energy Partners

DT Midstream

EnLink Midstream, LLC Common Units representing Limited Partner Interests

EnLink Midstream

Energy Transfer

Frontline

Golar LNG

Hafnia

Hess Midstream

International Seaways

Kinder Morgan

Kinetik Holdings Inc. Class A Common Stock

Kinetik Holdings

Cheniere Energy

MPLX LP Common Units Representing Limited Partner Interests

ONEOK

Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests

Plains All American

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests

Plains GP Holdings

Scorpio Tankers

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas

Teekay Tankers

Targa Resources

TORM

Ultrapar Participacoes S.A. (New) American Depositary Shares (Each representing one Common Share)

Ultrapar Participacoes

Western Midstream Partners, LP Common Units Representing Limited Partner Interests

Comments

Enterprise Prods Partners

Actualités

Dernières nouvelles pour Enterprise Prods Partners (NYSE:EPD) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL