EPD Intrinsic Value – ENTERPRISE PRODUCTS PARTNERS L.P Reports FY2023 Q2 Earnings Results on June 30, 2023
August 13, 2023
🌥️Earnings Overview
ENTERPRISE PRODUCTS PARTNERS L.P ($NYSE:EPD) reported their fiscal year 2023 second quarter revenue at USD 10.7 billion, a 33.7% decrease from the same period in the prior year. Net income also declined 11.3% to USD 1.2 billion for Q2 on June 30 2023.
Stock Price
On Tuesday, June 30th 2023, ENTERPRISE PRODUCTS PARTNERS L.P reported their second quarter FY2023 earnings results. The stock opened at $26.2 and closed at $26.7, representing a 0.7% increase from its last closing price of $26.5. The performance was a positive indication of the company’s continued success and stability. The company’s earnings report included detailed information regarding their revenue, expenses, profit margin, and other essential financial metrics. These figures were compared to the corresponding figures of the same quarter last year to evaluate the company’s performance.
The report also includes the company’s projections for the following quarter and the fiscal year, as well as their plans for the future. The report was highly positive, indicating that the company is in a strong and profitable position. Overall, ENTERPRISE PRODUCTS PARTNERS L.P reported strong and encouraging earnings results for FY2023 Q2, providing investors with confidence that the company is in a good financial position and is poised for further success in the coming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EPD. More…
| Total Revenues | Net Income | Net Margin |
| 52.21k | 5.4k | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EPD. More…
| Operations | Investing | Financing |
| 7.26k | 316 | -868 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EPD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 67.33k | 39.47k | 12.32 |
Key Ratios Snapshot
Some of the financial key ratios for EPD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.4% | 6.0% | 13.1% |
| FCF Margin | ROE | ROA |
| 11.5% | 16.0% | 6.4% |
Analysis – EPD Intrinsic Value
At GoodWhale, we recently performed an analysis of ENTERPRISE PRODUCTS PARTNERS L.P’s wellbeing. Using our proprietary Valuation Line system, we determined that the fair value of ENTERPRISE PRODUCTS PARTNERS L.P share is approximately $29.6. However, the stock is currently being traded at $26.7, which is a fair price undervalued by 9.7%. This presents a great buying opportunity for investors looking to invest in ENTERPRISE PRODUCTS PARTNERS L.P stock. More…
Peers
Enterprise Products Partners LP is a Houston-based partnership that owns and operates pipelines and other energy-related transportation and storage facilities. The company’s main competitors are Energy Transfer LP, Enbridge Inc, and Kinder Morgan Inc. All three companies are based in North America and are involved in the transportation and storage of oil and natural gas.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a publicly traded partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.
– Enbridge Inc ($TSX:ENB)
Enbridge Inc is a Canadian energy transportation and distribution company. It has a market capitalization of $103.97 billion as of 2022 and a return on equity of 9.87%. The company operates in the oil and gas industry and owns and operates a network of pipelines that transport crude oil, natural gas, and refined products in Canada and the United States. Enbridge also owns and operates a fleet of oil tankers and gas storage facilities.
– Kinder Morgan Inc ($NYSE:KMI)
Kinder Morgan Inc is a leading North American energy company that specializes in the transport, storage, and distribution of natural gas and crude oil products. The company has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. Kinder Morgan is one of the largest energy infrastructure companies in North America, with a network of approximately 84,000 miles of pipelines and 160 terminals. The company’s pipelines transport natural gas, crude oil, refined products, and CO2, while its terminals store and handle petroleum products, chemicals, and other bulk materials.
Summary
Investors in ENTERPRISE PRODUCTS PARTNERS L.P may be concerned about the company’s Q2 FY2023 earnings results, as total revenue fell by 33.7% compared to the same period last year and net income decreased by 11.3%. Despite this, the company is still generating substantial income and has a well-established presence in the energy infrastructure sector. It may be wise to consider factors such as the company’s financial stability, future prospects, and competition before investing.
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