EPD Stock Recent News

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Enterprise Products Partners (EPD -0.41%) is trading a little under $32 per share and offering a distribution yield of nearly 6.8%. That's attractive when you consider that the S&P 500 index (^GSPC -0.67%) only offers 1.3%, and the average energy stock just 3.6%.

The thing that most investors will find most attractive about Enterprise Products Partners (EPD -1.23%) is likely to be its lofty 6.6% distribution yield. There's a lot to discuss on that front.

Conservative capital spending by upstream players and gradual shifting to renewables may hurt the demand for midstream players' assets. Enterprise (EPD), Energy Transfer (ET) and Plains All American Pipeline (PAA) are surviving the industry challenges.

In its recent Investor Deck, Enterprise Products notes that in the midstream space, which also includes Kinder Morgan, it has the highest credit rating.

If you have $1,000 to invest right now, you should definitely be looking at dividend stocks. But don't buy a stock just because it has a high yield.

Despite the volatility the broader market has experienced in recent months, the S&P 500 index (^GSPC -1.61%) is still at lofty levels. The dividend yield is a miserly 1.3% or so.

Recently, Zacks.com users have been paying close attention to Enterprise Products (EPD). This makes it worthwhile to examine what the stock has in store.

Enterprise Products' Q1 results slightly missed expectations, mainly due to temporary petrochem weakness, but management expects improvement across key segments for the rest of 2024. Long-term distributable cash flow per unit has grown steadily, with operational resilience outpacing unit price volatility and macro headwinds. Growth capex is peaking in 2025 and then expected to halve, freeing up cash for increased capital returns, including potential unit repurchases.

For investors trying to find high-yield stocks that can help supplement their income, the midstream energy space is one of the best sectors to look at. Meanwhile, $1,000 is a good starting point for investors to begin accumulating positions.