Independent Oil & Gas industry is a very interesting development: Enterprise Products Partners L.P.’s (NYSE:EPD)

On 20 August 2k19, Shares of Enterprise Products Partners L.P.’s (NYSE:EPD) stock showed the surged by 0.73% during the normal trading session on Tuesday and reaching a 52-week high of -5.52% during the day while it closed the day at 29.16. The stock last traded volume of 3.37M shares was more it’s an average volume of 3.74M shares.

Enterprise Products Partners L.P. (EPD) recently stated its financial results for the three months ended June 30, 2k19.

  • Gross operating margin, operating income and net income attributable to limited partners for the 2nd quarters of 2k19 and 2k18 included $13M and $322M, respectively, of non-cash, mark-to-market losses on financial instruments used in our hedging activities, primarily related to crude oil regional price spreads.
  • Adjusted EBITDA, which excludes non-cash, mark-to-market gains and losses associated with hedging activities, increased 18 percent to a record $2.1B for the 2nd quarter of 2k19 contrast to the 2nd quarter of 2k18.
  • Enterprise increased its cash distribution with respect to the 2nd quarter of 2k19 by 2.3 percent to $0.44 per unit contrast to the distribution paid with respect to the 2nd quarter of 2k18. The distribution will be paid August 13, 2k19 to unitholders of record as of the close of business on July 31, 2k19.
  • Enterprise stated a 21 percent increase in DCF to a record $1.7B for the 2nd quarter of 2k19, which provided a record 1.8 times coverage of the $0.44 per unit cash distribution and resulted in $753M of retained DCF. Likewise, DCF of $3.4B for the first six months of 2k19 provided 1.7 times coverage of the aggregate $0.8775 per unit cash distribution and resulted in $1.4B of retained DCF.
  • CFFO increased 38 percent to a record $2.0B for the 2nd quarter of 2k19, which supported a 47 percent payout ratio for the 2nd quarter of 2k19. FCF for the 2nd quarter of 2k19 also increased 38 percent to $947M, and for the 12-month period ending June 30, 2k19, FCF increased 96 percent to $2.2B contrast to $1.1B stated for the comparable period ending June 30, 2k18.

2nd quarter Volume Highlights

  Three Months Ended June 30,
  2k19 2k18
NGL, crude oil, refined products & petrochemical pipeline volumes (million BPD) 6.6 6.2
Marine terminal volumes (million BPD) 2.0 1.7
Natural gas pipeline volumes (TBtu/d) 14.5 13.7
NGL fractionation volumes (MBPD) 1,000 927
Fee-based natural gas processing volumes (Bcf/d) 5.2 4.6
Equity NGL production volumes (MBPD) 144 164

 

“Record volumes in our fee-based businesses, contributions from new assets placed into service over the past year and the benefit of natural gas price spreads across Texas over offset the impact of lower NGL prices on our natural gas processing activities. For the 2nd quarter of 2k19, Adjusted EBITDA increased 18 percent contrast to the same quarter last year to a record $2.1B, while cash flow from operating activities increased to a record $2.0B. Not Including proceeds from asset sales and insurance recoveries, distributable cash flow for the 2nd quarter of 2k19 increased 20 percent to a record $1.7B contrast to the same quarter in 2k18 and allowed us to retain $740M of distributable cash flow during the quarter to reinvest in the joint venture. For the first half of 2k19, Enterprise retained $1.4B of distributable cash flow to provide us the financial flexibility to fund our growth capital projects and maintain a solid balance sheet without having to access the equity capital markets,” stated Teague.

The Corporation has PEG ratio of 1.33 and price to cash ratio of 583.16. Net profit margin of the firm was recorded at 14.20% and operating profit margin was calculated at 18.20% while gross profit margin was measured as 25.60%. Beta factor, which measures the riskiness of the security, was registered at 0.84.

 

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