As part of its effort to enhance unitholder value,
Enterprise Products Partners L.P.
) declared an increase in the quarterly cash distribution paid to
partners to 68 cents per common unit, or $2.72 per unit on an
annualized basis. This distribution represents a 7.1% increase
over the 63.5 cents per unit distribution declared with respect
to the second quarter of 2012.
The increased quarterly distribution will be paid on Aug 7, 2013,
to unitholders of record as of the close of business on Jul 31.
This is the 45th distribution increase since Enterprise's initial
public offering in 1998 and the 36th consecutive quarterly
The partnership's diverse set of NGL, natural gas, crude oil and
refined products midstream infrastructure assets make it
fundamentally strong to reward unitholders better. It is this
fundamental strength that will help EPD to continue supporting
Enterprise Products Partners, a leading master limited
partnership (MLP), is engaged in a wide range of midstream energy
services to producers and consumers of natural gas, NGL, and
crude oil. With its diverse set of midstream infrastructure
assets, we believe the partnership possesses fundamental
strengths, which will in turn support distribution growth
We continue to view Enterprise Products Partners as a core
holding in an MLP portfolio, given its string of organic growth
projects, potential acquisitions, strong balance sheet and solid
liquidity position. The partnership is one of the largest fully
integrated midstream service providers with a positive long-term
outlook given its significant geographic and business diversity.
The partnership is scheduled to announce second quarterly results
on Aug 1. The Zacks Consensus Estimate for the quarter is pegged
at earnings of 68 cents per share.
The partnership currently holds a Zacks Rank #3, which is
equivalent to a short-term Hold rating. However there are other
stocks in the oil and gas sector -
Enbridge Energy Management LLC
Delek Logistics Partners, LP
Kinder Morgan Management LLC
) - which hold a Zacks Rank #2 (Buy) and are expected
to perform better than the broader market.
DELEK LOGISTICS (DKL): Free Stock Analysis
ENBRIDGE ENERGY (EEQ): Free Stock Analysis
ENTERPRISE PROD (EPD): Free Stock Analysis
KINDER MORG MGT (KMR): Free Stock Analysis
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