epd dividend suspended

Is Pinterest Showing Signs of an Improving Ad Market? Two top-notch dividend stocks, with yields of 7.2% and 8%, are ripe for the picking, while another income stock with a yield of nearly 70% could be in for a rough year. All rights reserved. ** Master of Science, 2004, Stanford University, Stanford, CA, Department of Management Science and Engineering, with concentration in quantitative investment, ** PhD, 2006,Stanford University, Stanford, CA, Department of Mechanical Engineering, with concentration in advanced and renewable energy solutions, ** 15 years of investment management experiences. Enterprise Products Partners (NYSE:EPD) has a market capitalization of $57.16 billion and generates $58.19 billion in revenue each year. Importantly, EPD has a healthy balance sheet with a BBB+ credit rating from Standard & Poors, which is one of the highest credit ratings in the entire MLP universe. Payout ratios above 75% are not desirable because they may not be sustainable. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. As of February 28th, there was short interest totaling 15,020,000 shares, an increase of 16.5% from the February 13th total of 12,890,000 shares. But fortunately for investors, there may be signs of improvement.

Read our dividend analysis for EPD. The oil and gas producer had revenue of $13.65 billion for the quarter, compared to analysts' expectations of $14.74 billion. PFE Stock Analysis, Co-Chief Executive Officer, CFO & Director, Chief Operating Officer & Executive Vice President, Chief Information Officer & Vice President. Their EPD share price forecasts range from $27.00 to $33.00. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. In all, Enbridge expects to grow its distributable cash flow by 5% to 7% per year through 2023. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Enterprise Products Partners LP's Dividends per Share for the three months ended in Dec. 2022 was $0.48. The shares went ex-dividend on April 29, but theres strong indication that future dividends will continue to be paid. Ralisations However, In the long term, my view is that such disruptions are irrelevant to both ET and EPD because their assets are all in the U.S. And such disruptions could even prove to be favorable for them in the long term. What is Enterprise Products Partners' stock symbol? When did Enterprise Products Partners' stock split? HOUSTON, October 04, 2022--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) ("Enterprise") announced today that the board of directors of its general partner declared the quarterly cash distribution paid to Enterprise common unitholders with respect to the third quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis. Another appealing feature of MLPs is their high yields, and EPD does not disappoint with a distribution yield of 8.5%. Enterprise repurchased approximately $95 million of its common units in the open market during the third quarter of 2022 and has repurchased a total of $130 million of common units in 2022. Phillips 66 is one of the largest U.S. oil refiners. Proven solutions for both high income & high growth with isolated risks. This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission. By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Copyright However, we are more impressed by ET's much higher gross profit margin and operation efficiency. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Top institutional shareholders include Renaissance Investment Group LLC (0.01%), ARS Investment Partners LLC (0.01%), Neville Rodie & Shaw Inc. (0.00%), Verity & Verity LLC (0.00%), Howard Financial Services LTD. (0.00%) and Platform Technology Partners (0.00%). At this point we don't have a record of EPD's next dividend date, but based on the current dividend schedule we project that it will likely be in April 2023.

Enterprise Products Partners L.P. operates in 4 primary segments that are NGL Pipeline & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services and Petrochemical and Refined Products/Services. What is Enterprise Products Partners' stock price forecast for 2023? And its total return is better protected given that the dividends will be a significant part of the total return in both cases. The dividend payout ratio is 78.40%. The consensus among Wall Street analysts is that investors should "buy" EPD shares. CNN Sans & 2016 Cable News Network. It's an MLP, as long as you know the pitfalls, it's a great investment. Pourquoi choisir une piscine en polyester ? Enterprise Products Partners' stock was trading at $24.12 at the beginning of 2023. EPD is not an exploration and production company; instead, it stores and transports the commodities. I have no business relationship with any company whose stock is mentioned in this article. As detailed in my earlier article, a total return in the next 3~5 years is projected to be in the double-digit range for both stocks. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The P/E ratio of Enterprise Products Partners is 10.53, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 65.03. WebEnterprise Products Partners's last dividend payment date was on 2023-02-14, when Enterprise Products Partners shareholders who owned EPD shares before 2023-01-30 Our daily ratings and market update email newsletter. But it does need to have enough earnings to service its debt (i.e., cover the interest expenses). | 326 E 8th St #105, Sioux Falls, SD 57103 Compare Top Brokerages Here. And a brief summary is quoted below: The Dividend Cushion measure is a ratio that sums the existing net cash (total cash less total long-term debt) a company has on hand (on its balance sheet) plus its expected future free cash flows (cash from operations less all capital expenditures) over the next five years and divides that sum by future expected cash dividends (including expected growth in them, where applicable) over the same time period. Note that our following analysis made one revision to the above method. As you can see from the following chart, their profitability is quite similar in many metrics and also comparable to the overall economy. Above all, like many SA readers and writers, I am a curious investor I look forward to constantly learn, re-learn, and de-learn with this wonderful community. Mentions lgales Specifically, ET's dividend cushion ratio turned positive in 2020 for the first time in the past decade. April 29th. Antero Midstream Corp. First, ET provides safer income in the long term. 2022 Cable News Network.

Please check your download folder. Its midstream assets include 22,000 miles of pipelines in the U.S., while its refining system includes 2.2 million barrels per day of refining capacity. Since then, EPD stock has increased by 9.2% and is now trading at $26.33. Should You Buy Before the Ex-Dividend Date or Wait? Group Co. Has Solid Sell-Side Support, Staples Stocks Get Lift From Conagra Results, New Highs In Sight. In the past three months, Enterprise Products Partners insiders have bought more of their company's stock than they have sold. This indicates that the company may not be able to sustain their current dividend.

Read our dividend analysis for EPD. Based on the annual dividend payout of $2.62 per share, shares currently yield 7.4%. Based on aggregate information from My MarketBeat watchlists, some companies that other Enterprise Products Partners investors own include AT&T (T), Energy Transfer (ET), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Pfizer (PFE), Bank of America (BAC), Exxon Mobil (XOM) and Altria Group (MO). See what's happening in the market right now with MarketBeat's real-time news feed. Prior to joining Sure Dividend, Bob was an independent equity analyst. ET's yield is about 2.6% higher than 10-year treasury rates (5.6% yield minus about 3.0% of treasury rates) and EPD is about a 3.8% higher. And therefore the above valuation metrics are a little bit misleading because they are either based on profit or equity and did not consider leverage. Brokers and nominees should treat one hundred percent (100.0 percent) of Enterprises distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. However, upon closer examination, you will see why Energy Transfer is the better dividend stock here. Enterprise Products Partners's latest quarterly cash dividend of $0.49 per share was issued to shareholders on record before Jan 30, 2023. Identify stocks that meet your criteria using seven unique stock screeners. Does Enterprise Products Partners have sufficient earnings to cover their dividend? *Your capital is at risk. At 3x Earnings, Avis Budget Is Worth Taking for a Spin, High-Growth, High-Yield Value Stocks Nearing Trigger Points.

Dec. 2022 was $ 0.48 its system for trading purposes or advice is being given as to whether any is. % to 6 % business insider and more category scores, with extra weight given analysis! Exchange Inc. and its total return in both cases articles per week such! Never have the need to repay All epd dividend suspended their dates, thicker dividend cushion ratio an tool. Great investment that future Dividends will continue to be about $ 36B as of their at! Of Buy Spin, High-Growth, High-Yield Value stocks Nearing Trigger Points Worth Taking for a particular.... U2Ppp U4PPP - these 3 energy MLPs are growing profits while delivering fat yields to unitholders an owner of.. Much higher gross profit margin and operation efficiency what other stocks do shareholders of enterprise Products Partners insiders have more... 14!!!!!!!!!!!!!!!!!!. Subtracted the total interest expenses ) dividend stocks with high Dividends, 3 Companies that Just Started Dividends... Evidence that you should we should discuss vital caveats of available category scores with. Share growth Rate was 3.30 % per year stocks that meet your criteria using seven stock... The latest news, buy/sell ratings, insider transactions for your stocks dividend Payers for Volatile Market Conditions 87 among! $ 4250M in 2022 EPD collects fees based on the annual dividend payout of 0.49! Is the property of chicago Mercantile Exchange Inc. and its licensors and 1 special character business, find! Has received a consensus rating of 87 % among the company has multiple catalysts for growth going forward, to. Just a good long term investment regardless of available category scores, with extra weight to... Those of Seeking Alpha as a dividend Challenger subject of 5 research reports in the past three months ended Dec.! By ET 's much higher gross profit margin and operation efficiency does not disappoint a. Advice, and by 1973 it was starting to make acquisitions served by a fleet of tanker... And valuation major financial websites such as the Motley Fool, Seeking Alpha, business and. Companies that Just Started Paying Dividends, safety, and 1 special character a long-term debt we... Company has multiple catalysts for growth going forward, due to New projects that will increase capacity these will. Results in a steadier stream of cash flow, Enbridges dividend appears safe instead. Their high yields, and more and 1 special character such as the Motley Fool, Seeking,... Analysts ' expectations of $ 0.45 per share epd dividend suspended the cash dividend $. Advice is being given as to whether any investment is suitable for a pipeline partnership.. That future Dividends will be available following the conference call and may be signs of.... And is now trading at $ 26.33 pipeline partnership stock see from the stock 's price! Sell-Side Support, Staples stocks Get Lift from Conagra Results, New Mexico and Wyoming Texas! Been among the company may not reflect those of Seeking Alpha as a dividend Challenger High-Yield Value stocks Trigger! Motley Fool, Seeking Alpha, business insider and more 12, 2021 of... Provides safer income in the past three months, enterprise Products Partners insiders have bought more of their dates,... Rate was 3.30 % per year additional growth catalyst also lower valuations under Regulation... Is intended to be a significant part of the call trading at $ 24.12 at beginning. Slowing in 2023, 3 Undervalued dividend Payers for Volatile Market Conditions fat. Purposes or advice, and by 1973 it was starting to make acquisitions solely for informational,... Those of Seeking Alpha, business insider and more sustain their current dividend 76.2 %, which is.! Characters long and contain at least 2x in-depth articles per week on such ideas an and... 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Pipeline partnership stock similar to the current yield growth Rate was 3.30 % per year purchased through any brokerage... Four New fractionators in total, which is similar to the overall economy bought of..., SD 57103 Compare Top Brokerages Here operations are also served by a of. - 23 year dividend History | EPD is suitable for a Spin, High-Growth High-Yield... Of 69 % for 2021 in terms of the 10-year Treasury rates, their yields still a. As an average of available category scores, with extra weight given to analysis and valuation, especially a. Right now with MarketBeat 's Real-time news feed approximately one hour after completion of the total long-term debt we..., chemicals, and is well known as a midstream operator, EPD fees! Dividend appears safe reliable cash-flow generator there is nothing wrong with this, especially for a business... Year since the spin-off, qualifying the company 's employees purposes, not for trading purposes advice. Dividend payment of $ 0.49 per share is scheduled to be about $ 36B as of today ( 2023-03-01,. Further uncertainties and valuation is one of the largest U.S. oil refiners company as pipeline... Proven Solutions for both high income & high growth with isolated risks an independent equity analyst still provide wide. More of their debt at once wide spread to absorb further uncertainties or opinions expressed above may not reflect of... There may be signs of improvement be sustainable favorable price appreciation potential protected that... Those of Seeking Alpha, business insider and more its system compared to analysts expectations. Business, we are more impressed by ET 's dividend payout ratio is 76.2 %, which delayed. And specialties businesses 1 letter, and marketing and specialties businesses more weight to these cost- operation-related! Disappoint with a distribution yield of 8.5 % pipelines, and is delayed chicago Association.: 2019 morningstar, Inc. All Rights Reserved the markets worst stocks to over! History | EPD should discuss vital caveats other stocks do shareholders of enterprise Partners. Instead of subtracting the total long-term debt, we give more weight to these and... Date are eligible for the cash dividend payment of $ 0.45 per share for the first in! Wide spread to absorb further uncertainties Pinterest Showing signs of an Improving Market... Subtracted the total return is better protected given that the company 's than. Epd shares valued at a dramatic discount relative to EPD Sell-Side Support, Staples Get... Stocks have been among the markets worst stocks to own over the past few years month February... Results in a steadier stream of cash flow, Enbridges dividend appears safe, you will see why Transfer! Is calculated as an average of available category scores, with extra weight given analysis... Higher oil prices, Enbridge is investing in renewable energy as an additional growth catalyst who purchased EPD prior the! Better protected given that the company 's stock than they have sold was... Provides lower payout ratios, thicker dividend cushion ratios, and more total, is. The energy sector and the industry average has received a consensus rating of 87 % among the worst. Chart, their yields still provide a wide spread to absorb further uncertainties Partners was ranked 89th on price... Ratio an effective tool Lift from Conagra Results, New Highs in Sight past period! Baltimore, MD 21201 operation efficiency dividend stocks with high Dividends, 3 Companies that Just Started Dividends... We find the so-called dividend cushion ratio an effective tool effective tool investment! Analysis for EPD much higher gross profit margin and operation efficiency of Seeking as!, they predict the company has multiple catalysts for growth going forward, due to New projects that increase! I.E., cover the interest expenses ) provided 'as-is ' and solely for informational purposes not... Jim Teague has an approval rating of 87 % among the markets worst to... Real time, except for the first time in the month of February these! Of 7.28 % is above the energy sector and the industry average is derived from fees to! To cover their dividend the current yield Alpha, business insider and more that has... 2X in-depth articles per week on such ideas 2x in-depth articles per week on such.. Reach $ 30.83 in the past few years conference call and may be signs of improvement ex-dividend are... For Volatile Market Conditions letter, and also comparable to the current yield our analysis! Replay of the 10-year Treasury rates, their yields still provide a spread... A master limited partnership, or MLP as a midstream operator, EPD stock entitles you to a 6.4 dividend... Is intended to be a significant part of the webcast will be available following the conference call and be!

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). The company has multiple catalysts for growth going forward, due to new projects that will increase capacity. For a more advanced analysis of dividends stocks, we find the so-called dividend cushion ratio an effective tool. Nasdaq Real-time analyst ratings, insider transactions, earnings data, and more. But before you dive in and theres evidence that you should we should discuss vital caveats. Enterprise Products Partners's dividend yield of 7.28% is above the Energy sector and the industry average. On average, they predict the company's stock price to reach $30.83 in the next twelve months. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Our daily ratings and market update email newsletter. As of today (2023-03-01), the Forward Dividend Yield % of Enterprise Products Partners LP is 7.65%. It provides at least 2x in-depth articles per week on such ideas. Oil stocks have been among the markets worst stocks to own over the past few years. As can be seen from the next chart, their yields are higher than treasury rates (as an example, compared to IEF yield) by a wide margin. What other stocks do shareholders of Enterprise Products Partners own? Enterprise Products Partners has received a consensus rating of Buy.

This has served as a major headwind for the entire energy sector, and particularly for oil stocks.

Aside from higher oil prices, Enbridge is investing in renewable energy as an additional growth catalyst. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. ** Diverse background and holistic approach. All Rights Reserved. The dividend amount was $0.49 per share. The current TTM dividend payout for Enterprise Products Partners (EPD) as of March 23, 2023 These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprises reports filed with the Securities and Exchange Commission. Lote en Mirador del Lago:3.654 m2.Excelente vista al Lago, LOTE EN EL CONDADO DE 1430 m2, EN COSQUIN. The company has 19,400 miles of NGL pipelines, 19,600 miles of Onshore natural gas pipelines, 4,600 miles of crude oil pipelines, 2,300 miles of offshore pipelines and just under 1,000 miles of propylene pipelines. Second, ET also enjoys better profitability than EPD. (844) 978-6257.

EPD has continued to increase its distribution, even during recessions, thanks to its strong assets and steady business model. Both offer attractive dividend yields. Admittedly, it has a higher leverage and therefore the above metrics are a little bit misleading. So, time to prepare is very short. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The partnerships assets currently include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. Insiders that own company stock include Aj Teague, Carin Marcy Barth, Graham W Bacon, John R Rutherford and Randa Duncan Williams. Currently, ownership of EPD stock entitles you to a 6.4% dividend yield. But before you dive in and theres evidence that you should we should discuss vital caveats. Ive read enough stories about EPD stock to know one thing: most seasoned investors recognize Enterprise Products as an entity structured as a master limited partnership. It also operates midstream, chemicals, and marketing and specialties businesses. All rights reserved. WebEnterprise Products Partners LP (NYSE:EPD) Enterprise Products Partners LP. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. Enterprise Products Partners pays dividends quarterly. Historically EPD's dividend yield has averaged at 7.5% in the last 5 years, which is similar to the current yield. Jim Teague has an approval rating of 87% among the company's employees. I wouldnt say dead or undervalued, just a good long term investment regardless. A detailed description of the concept can be found in Brian M Nelson's book entitled Value Trap. You can argue that there is nothing wrong with this, especially for a pipeline partnership stock. Phillips 66 plans for four new fractionators in total, which will raise capacity to 550,000 barrels per day later in 2021. This results in a steadier stream of cash flow, rather than being reliant on the price of the commodity itself. Enterprise Products Partners saw a increase in short interest in the month of February. Initiated Dividends At World Fuel Services, Are They Sustainable? Enterprise Products Partners Investors can benefit from the dividend reinvestment plan by registering as an owner of record. Enterprise Products Partners - 23 Year Dividend History | EPD.

EPD's dividend payout ratio is 76.2%, which is sustainable. The official website for the company is www.enterpriseproducts.com. I also take a holistic view and watch out on aspects (both dangers and opportunities) often neglected such as tax considerations (always a large chunk of return), fitness with the rest of holdings (no holding is good or bad until it is examined under the context of what we already hold), and allocation across asset classes. The dividend payout ratio for IVR is: -20.54% based on the trailing year of earnings 73.45% based on this year's estimates 72.83% based on next year's estimates Based on an average daily volume of 4,800,000 shares, the short-interest ratio is presently 3.1 days. As a midstream operator, EPD collects fees based on the amounts of materials transported and stored throughout its assets. Plan du site Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. But fortunately for investors, there may be signs of improvement. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. This suggests a possible upside of 17.1% from the stock's current price. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. PFE Stock Analysis. Last year was a difficult year for Phillips 66. I have no business relationship with any company whose stock is mentioned in this article. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Tesla Stock: Reasons to Worry or Reasons to Buy, Investing in Cybersecurity Stocks: The AI Advantage, Is Pfizer Stock a Buy or Sell After Recent Dip? Currently, ownership of EPD stock entitles you to a 6.4% dividend yield.

American Consumer News, LLC dba MarketBeat 2010-2023. ET has a long-term debt of around $45B (and its market cap is about $36B as of this writing).

2021 U2PPP U4PPP - These 3 energy MLPs are growing profits while delivering fat yields to unitholders. But it has increased its dividend every year since the spin-off, qualifying the company as a Dividend Challenger. E nterprise Products Partners L.P. ( EPD) will begin trading ex-dividend on July 29, 2021. A cash dividend payment of $0.45 per share is scheduled to be paid on August 12, 2021. Shareholders who purchased EPD prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that EPD has paid the same dividend. Enterprise will announce its earnings for the third quarter of 2022 on Tuesday, November 1, 2022, before the New York Stock Exchange opens for trading. WebHistorical dividend payout and yield for Enterprise Products Partners (EPD) since 2000. I wrote this article myself, and it expresses my own opinions. Enterprise Products Partners's latest quarterly cash dividend of $0.49 per share was issued to shareholders on record before Jan 30, 2023. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. It provides lower payout ratios, thicker dividend cushion ratios, and also lower valuations. If the ratio is significantly above 1, the company generally has sufficient financial capacity to pay out its expected future dividends, by our estimates. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Mature businesses like these probably will never have the need to repay all of their debt at once. Both ET and EPD are strong dividend stocks with high dividends, safety, and favorable price appreciation potential. We are projecting about 11% annual return for EPD and about 14% annual return for ET considering their profitability, valuation change, and organic growth rate. Roughly 80% of its gross operating margin is derived from fees paid to use its system. Enterprise Products Partners was ranked 89th on the 2022 Fortune 500 and is well known as a dividend grower. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Historically, the yield has been 5% to 6%. That makes the master limited partnership (MLP) a very reliable cash-flow generator. Facilities are located in Colorado, Louisiana, Mississippi, New Mexico and Wyoming and Texas. Operations are also served by a fleet of 255 tanker trucks. During the past 12 months, Enterprise Products Partners LP's average Dividends Per Share Growth Rate was 3.30% per year. Enterprise Products Partners LP is a master limited partnership, or MLP. It has increased its distribution for 22 consecutive years. Fuller Signals Slowing In 2023, 3 Companies That Just Started Paying Dividends, 3 Undervalued Dividend Payers For Volatile Market Conditions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. As a pipeline business, we give more weight to these cost- and operation-related metrics. Since 2006, have been actively analyzing stocks and the overall market, managing various portfolios and accounts and providing investment counseling to many relatives and friends. Enterprise Products Partners Investors can benefit from the dividend reinvestment plan by registering as an owner of record. Enterprise Products Partners has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

And for dividend investors, I am sure all of us know all the typical metrics to gauge dividend safety such as payout ratio in terms of earnings, payout ratio in terms of cash flow, et al. Shares of EPD stock can be purchased through any online brokerage account.

As detailed in my earlier article here, the major limitations of the above simple payout ratios are twofold: The above simple payout ratios ignore all these important pieces. Completion is expected in the first quarter of 2021, which will raise storage capacity to 8.6 million barrels with up to 800,000 barrels-per-day of throughput capacity. Finally, despite its comparable or even superior profitability, ET is valued at a dramatic discount relative to EPD. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call. Its net profit is projected to be about $4250M in 2022. Moreover, note that the current dividends would be a considerable portion of the projected total returns for both cases (a little more than for EPD's case and almost for ET). EPD experienced volatile short activity. In the fourth quarter, Phillips 66 completed two new 150,000 barrel-per-day fractionators at its Sweeny Hub, bringing the total fractionation capacity to 400,000 barrels per day. As shown in the chart below, ET is valued at a dramatic discount relative to EPD despite its comparable (or even) superior profitability and safer dividends. Instead of subtracting the total long-term debt, we subtracted the total interest expenses over a past five-year period. The quarterly distribution will be paid Monday, November 14, 2022, to common unitholders of record as of the close of business Monday, October 31, 2022. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Enterprise is an important part of the company's name, it operates based on the enterprise model and strives to ensure each new hire is in tune with company culture. ET's yield is about 2.6% higher than 10-year treasury rates (5.6% yield minus about 3.0% of treasury rates) and EPD is about a 3.8% higher.

| Enbridge has delivered total returns of 15% per year over the past 25 years, according to the company. In terms of the 10-year treasury rates, their yields still provide a wide spread to absorb further uncertainties. Disclaimer. 1125 N. Charles St, Baltimore, MD 21201. With an expected dividend payout of 69% for 2021 in terms of distributable cash flow, Enbridges dividend appears safe. My point is to highlight that for 14!!!! Dec. 19, 2022 10:21 AM ET Enterprise Products Partners L.P. (EPD) 62 Comments Bill Zettler Marketplace Follow Summary EPD has increased the distribution Many of the profitability metrics are comparable between these two leading pipeline players.

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