Enterprise Products Partners (EPD) Q4 will be impacted by lower-than-anticipated activity in the propane dehydrogenation plant, challenges from higher Waha natural gas prices, and weaker octane enhancement spreads, UBS Securities said in an earnings preview.
These headwinds will be "partially offset by stronger natural gas liquids marketing due to increased spot prices," UBS said in a Monday note.
UBS said the company will focus on 2025 growth during the earnings call, including updates on growth projects such as Frac 14, Bahia Pipeline, and Orion/Mentone West 1, which are expected to drive second-half 2025 growth.
Other key topics will include data center opportunities, updates on the sea port oil terminal project, and capital expenditure plans, according to the note.
The firm expects investors to seek details on the integration of Pinon, the ramp-up of the asset, and future mergers and acquisition plans.
UBS has a buy rating on Enterprise Products stock with a price target of $40.
Price: 32.05, Change: +0.12, Percent Change: +0.36
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。